This article discusses three crypto projects — Pi Network, Filecoin, and Coldware. We will look at their current state, areas of development, and challenges they face.
Pi Network: Opportunities and Challenges
Pi Network (PI) has dropped nearly 75% from its February high of $2.98, now trading at around $0.75. The decline follows a major token unlock in April that added over 108 million PI to circulation, creating significant selling pressure. Despite this, Pi Network still boasts one of the largest communities in crypto, with over 70 million users. The project has launched a $100 million fund to support DApp development on its platform. The mainnet officially went live in February but is not yet fully decentralized, with many promised functionalities still pending. Investor sentiment is mixed; there's clear frustration over delays and market performance, but many still hope the team will deliver.
Filecoin Focuses on AI
Filecoin (FIL) is currently trading around $2.90 and remains steady as the project continues to develop. One of its latest focuses is on AI integration. Filecoin is partnering with platforms like SingularityNET, Nuklai, and GoKite AI to provide decentralized storage for AI training data, enhancing security and traceability. Technically, the Filecoin Virtual Machine (FVM) is gaining traction, having processed over 3.2 million transactions and supported more than 5,000 smart contracts by the end of Q1 2025. Looking ahead, Filecoin is working on two major upgrades: Proof of Data Possession (PDP) and Fast Finality (F3), aimed at improving transaction speed and data verification reliability.
Coldware: Merging Hardware and Blockchain
Coldware ($COLD) stands out among crypto projects by creating tools that users can physically hold. The project combines a custom Layer-1 blockchain with real-world hardware like the Larna 2400 smartphone and the ColdBook laptop, designed for seamless network access. Users can just power on the device and engage in staking, sending, and using DeFi apps without needing extensive crypto knowledge. This is crucial in regions where phones serve as the primary gateway to the internet and access to traditional banking is limited. Coldware aims to simplify the entry point into Web3, providing a more direct and private way for individuals to participate.
Pi Network is facing delays and an unstable rollout. Filecoin is developing solid technologies but awaiting real adoption. Conversely, Coldware is already offering usable tools, making it a standout project.
