Pi Network Co-Founder Dr Fan Highlights Web3 Utility at TOKEN2049

Pi Network co-founder Dr. Chengdiao Fan took the stage at TOKEN2049 Singapore. With a powerful keynote focused on the future of Web3. Speaking to more than 25,000 attendees, she delivered her talk, “Crypto’s Future: From Liquidity to Utility – Web3 Pathways to Innovation.” Her message was clear for crypto to truly succeed. It must move beyond speculation and deliver real-world value. The event also highlighted Pi Network growing momentum. From ecosystem upgrades to its landmark .pi domain auction. Together, these updates signal Pi’s commitment to building inclusive innovation for its global community of over 60 million users.

A Call for Utility in Web3

Dr. Fan emphasized that the crypto industry must evolve from hype and short term liquidity toward genuine utility. She pointed to Pi Network mission of creating a more accessible and practical blockchain environment for everyday users. “For 60 million Pioneers, crypto adoption can’t just be about price movements,” she said. “It has to be about building tools, communities, and innovations that matter in real life.”

Her keynote connected strongly with the audience. Many of whom are searching for sustainable pathways to growth in the Web3 ecosystem. By framing Pi’s work as a bridge between inclusivity and innovation. Dr. Fan reinforced the project’s broader vision of opening blockchain opportunities to everyone. Not just early adopters or financial elites.

Ecosystem Momentum: Node Upgrade to Version 0.5.4

Alongside the conference speech, Pi Network revealed a quiet but important technical step forward. The network upgraded its Nodes to version 0.5.4. While GitHub still shows version 0.5.3, the updated in-app version reflects the internal release. This early rollout highlights Pi strategy of accelerating decentralization while maintaining testing safeguards. 

By releasing new features internally before public code updates. Pi aims to strengthen security and stability. For the Pi community, the upgrade shows progress on a key pillar of the project’s infrastructure. It’s a decentralized node network. As the network grows, it brings Pi closer to the long anticipated open mainnet. Where decentralization becomes a reality for its millions of users.

.pi Domain Auction Wraps With Big Numbers

Another major milestone came with the close of the long awaited .pi domain auction. Extended from June to September to allow for Stellar Protocol upgrades. The auction saw massive engagement. More than 200,000 bids were placed by over 40,000 unique Pioneers. A total of 95,000 domains were up for grabs. With bidding activity reaching more than 2.9 million Pi in value.

The highest single bid reached 30,000 Pi, showing strong demand for premium Web3 identities under the new .pi namespace. Winners can now claim their domains via the Domain Auction page in their Pi Wallets. Domains that continue to attract bids will remain open for an extra 24 hours until the final bid holds. Meanwhile, reserved domains are under review by the Pi Core Team.

Shaping Pi’s Next Chapter

From Dr. Fan’s keynote at TOKEN2049 to the network’s ongoing technical upgrades and successful domain auction. Pi Network is pushing forward on several fronts. The focus remains on making Web3 usable, inclusive and valuable for its vast global community. For Pi’s 60 million Pioneers, these updates represent more than announcements. They mark real steps toward a decentralized future built on utility, not hype. As Pi moves closer to open mainnet and expanding its ecosystem. The project continues to position itself as a force in shaping crypto’s next phase.