Pi Network has officially announced the Open Network launch date as February 20, 2025, unlocking new possibilities for the Pi token on external blockchains.
Pi's Path to Open Network
Pi Network's path to the Open Network has passed through several key phases. Since its launch in December 2021, the Mainnet operated in a closed environment, allowing users to complete KYC and migrate tokens. The Grace Period, beginning in July 2024, accelerated KYC processing and migration. The transition to Open Network, scheduled for February 2025, will enable connections to external blockchains, unlocking global transactions and new integrations for businesses.
What to Expect from Open Network
The shift to an open network is expected to bring significant improvements. Pi will be able to connect with external networks for the first time, allowing transactions beyond its existing ecosystem, which opens possibilities for creating dApps considering compatibility with other blockchains. Network nodes will expand, providing the opportunity for anyone to run Pi nodes. Businesses will need KYB verification, and users will need KYC, ensuring a secure and compliant ecosystem. Developers will be encouraged to build apps that enhance Pi's utility, support integration with local businesses, and accept Pi payments.
Upcoming Challenges and Community Skepticism
Despite the positive announcement of the Open Network launch, some users remain skeptical due to previous delays. Pi Network's Grace Period has been extended three times, with promises that there will be no further delays.
With millions of verified users and a growing ecosystem of applications, Pi Network is poised for broader blockchain engagement. However, many are closely watching if the project can meet the set deadline.
