The founder of the Pi network attended a meetup held in Seoul, South Korea.

btc # ETh #
The founder of Pi network attended a meetup held in Seoul, South Korea 🇰🇷
The following is an excerpt of the project party's remarks from the exchange meeting.
The biggest challenges and lessons learned
"Over the past six or seven years, we have faced many challenges. One of the main challenges is that Pi has adopted a very unconventional approach."
In today's cryptocurrency space, people often expect a standardized process: when a protocol is launched, it should be presented in a certain way.
If not, they will refuse. But true innovation comes from breaking these patterns.
We are always focused on creating mainstream users—real products, real users, and real merchants—rather than just attracting those who are only interested in price speculation. This is why we have developed features such as native KYC solutions, allowing millions of users from almost all countries/regions to verify themselves without having to pay out of pocket. Currently, over 14 million users have completed KYC, which is unprecedented in the blockchain space. We believe that KYC is crucial for true ownership, compliance, and utility in Web3.
Another major challenge is scale. Most blockchain projects can operate smoothly with thousands of users, but Pi has tens of millions of daily active users. This brings challenges similar to those faced by Web2 giants—running thousands of servers and databases to handle massive traffic. In the early years, our community grew faster than infrastructure development, and outages were frequent. Today, the system has stabilized, but scaling remains one of the trickiest technical challenges.
In short, the challenges we face stem from taking a different path and expanding to the internet level of use. However, these difficulties will shape Pi into a stronger project, always guided by our North Star: to build truly practical functions for everyday life.
Our approach to ecology has two levels.
"First is the grassroots.
Many people are creating utilities, and although the overall value may be lower, this process often results in high-quality applications.
This is why we launched programs like App Studio, which empowers the public with the ability to create.
Based on this, we have selected the best applications and provided support through models like the Pi App Network, offering resources for developers and creators. This also helps achieve breakthroughs, including leveraging artificial intelligence to empower the creation of the next generation of applications.
Second, a top-down approach to gradual advancement.
Through Pi Network Ventures, we focus on maintaining a high-quality team aligned with Pi and encourage them to build within the Pi ecosystem. Like any investment fund, we can only support a handful of projects each year (around a dozen). Therefore, Pi Network Ventures is a high-standard, carefully reviewed, and highly interactive initiative.
Through this bidirectional strategy, our goal is to promote the creation of the next generation of impactful applications on Pi.
-Pi Core Team-