The Founder of Pi Network Spoke at Consensus 2025: Here Is What He Said

Despite a controversial start, including delays in the network launch and token issuance, Pi Network has become one of the most discussed projects in the cryptocurrency space. Launched nearly five years ago, Pi Network has garnered significant attention and boasts a large following. Kokkalis Addresses Centralization Issues Focused on the Decentralization of Pi Network At the Consensus conference in 2025 in Toronto, Pi Network founder Nicholas Kokkalis was asked about the growing popularity of Pi and whether the Pi community, often referred to as the "Pi Army", has a stronger voice regarding decentralization or Pi itself. Kokkalis responded by acknowledging the complexity of decentralization and the accompanying challenges. "When thinking about decentralization and AI, there is a technical aspect—embedding technology, processing training, and distributing rewards. But there is also the concept of capturing value," he explained. The Future of Capturing Value in a Decentralized World Kokkalis emphasized the importance of ensuring future value from AI and decentralized driving forces not being concentrated in the hands of a few. He stated, "In a world where AI and agents perform more tasks, it is crucial that value is widely distributed, not just held by a few individuals or companies." According to Kokkalis, this is where blockchain technology can play an important role. He emphasizes that blockchain enables the capture of decentralized value, creating opportunities for more people to benefit from technological advancements. Kokkalis also points out that founders of blockchain projects, such as Pi Network, need to consider how blockchain can be used to help capture and distribute this value fairly.