#PI Pi Founder Fan Chengdiao spoke today at the Consensus 2026 Miami conference during the special session “Aligning Utility in Web3, AI, and Blockchain.”

Dr. Cheng shared how Pi’s blockchain infrastructure, identity verification, and global participation network can support utility-driven products and businesses in the AI era.
Her talk was based on a core challenge in the cryptocurrency industry: the frequent misalignment between token design and real innovation. While tokens in the industry are often used primarily as fundraising tools or quick exit mechanisms, Dr. Cheng discussed Pi’s approach to treating tokens as tools for supporting growth, engagement, and long-term utility.
Pi’s approach to ecosystem tokens and launch mechanisms focuses on tokens used for user acquisition, and integrates token design into the product innovation process. By using tokens to help products attract real users—users who can participate, provide feedback, and use these tokens in real product experiences—this approach more directly connects token design with utility and product development.
More broadly, Dr. Cheng’s talk sparked discussions about how blockchain can help shape business models, financial literacy, ownership, and socio-economic participation in the AI era. As AI lowers the barrier to building, the focus shifts to what is harder to replicate: real users, real engagement, and large-scale, trustworthy human input. $PI