On October 1, 2025, at the TOKEN2049 conference held in Singapore, Dr. Fan Chengdiao, co-founder of Pi Network, delivered a speech titled "The Future of Cryptocurrency: From Liquidity to Usability - The Path to Innovation in Web3."

The table below summarizes the key points from Dr. Fan's speech, helping you quickly understand the main content:

Core direction Specific content and viewpoints
Core challenges include high entry barriers, insufficient practical value, and a disconnect between technology and the needs of the real world.
The integration of AI and blockchain has the potential to create a fairer and more transparent technological ecosystem.
Pi Network practice reduces participation barriers through the "action-first" mobile mining model; builds a practical tool ecosystem centered on solving real problems.

🗣️ Describe the core challenges of the industry

Dr. Fan pointed out three fundamental issues currently facing the Web3 field during his speech:

· High barrier to entry: She pointed out that many blockchain applications still require users to have specialized knowledge, making it difficult for average users to participate easily.
· Insufficient practical value: There are many projects in the industry focusing on financial speculation rather than solving real-world practical problems.
· Disconnection between technology and society: There is a significant gap between the development path of blockchain technology and the actual needs of the general public.

🔮 Looking forward to the integration of AI and blockchain

Dr. Fan also explored the synergistic potential of artificial intelligence (AI) and blockchain technology.

She believes that the rapid development of AI is reshaping our understanding of concepts such as labor force and economic fairness.
If blockchain technology can be appropriately combined with AI, it has the potential to create a more equitable and transparent technological ecosystem, but it has not elaborated on a specific integration framework in the disclosed information.

🛠️ Share the practical path of Pi Network

As a blockchain project with tens of millions of users, Dr. Fan also shared the practices of Pi Network in promoting the large-scale application of technology:

· Mobile-First Mining: The mobile mining model adopted by Pi Network allows users to participate without the need for specialized equipment, aiming to lower participation barriers and environmental impact.
· Build a practical tool ecosystem: Dr. Fan emphasized that the true value of blockchain lies in solving real-world problems. Therefore, Pi Network is working to create an ecosystem based on practical tools, supporting third-party developers to develop applications on the platform, shifting the focus from "TOKEN price" to "what real problems technology can solve."