Pi Network continues to deliver frequent updates for its users and developers. This article provides a summary of key events surrounding the project over the past weeks.
Verification Update
During the weekend, the team announced a major shift in its verification system. Instead of the current phone number-based procedure, the project transitioned to email-based two-factor authentication (2FA). This was necessary due to the 'unreliable and costly' nature of the previous method. However, the transition has created a challenge due to the lack of user emails. The team is working on verifying how emails are added and used for 2FA, ensuring the integrity of the process. Some users had to complete additional verification steps. The issues have been resolved, and account migrations should now work correctly.
Ad Network Integration for Pi Apps
According to Pi News, the project has started the integration of its Pi Ad Network across apps within the Pi Browser. This feature allows advertisers to use PI tokens to display ads, while enabling developers to monetize user attention. Key benefits include generating revenue in PI based on user engagement, which incentivizes innovation. Users may also benefit, as the use of PI could increase demand for the token.
PiFest as a 'Historic' Event
Another significant event from the project was an online PiFest event, which saw the registration of 125,000 sellers. The team noted that 1.8 million users used the Map of Pi app to locate businesses, and over 45,000 reviews were submitted. This demonstrated PI's viability as a medium for real-world commerce, supporting local economies through decentralized, peer-to-peer transactions using the Pi Mainnet.
Despite positive developments, the price of the PI token continues to fall. The community remains optimistic, suggesting improvements such as hiring new team members and decentralizing the token.
