Pi Network Ownership Moves to Pi Community Company in Cayman Isles

Pi Network, one of the most talked-about blockchain projects, has officially shifted its ownership. The project was previously tied to Social Chain Inc. It is now registered under the Pi Community Company in the Cayman Islands. This transfer, registered on December 3, 2024. It has sparked fresh discussions about Pi Network direction, governance and future growth. The change marks a milestone for the Pi ecosystem. It shows how the community led project is moving toward a more formal structure. It is possible to support global expansion and long-term sustainability.

Ownership Transfer and Legal Standing

According to filings, Pi Community Company now owns the rights to Pi Network. The registration in the Cayman Islands is significant. The region is known for being a popular location for global crypto and blockchain firms. This legal move gives the project a clearer corporate identity. This could help it gain credibility with partners and regulators. Trademark filings also confirm Pi’s branding rights. The stylized Pi logo with its purple and yellow color scheme. 

It was officially published in March 2024 under U.S. trademark law. This step ensures that Pi Network identity is protected as it seeks to grow its presence in the global digital economy. For a project built on community trust. Having secure ownership rights strengthens its foundation. It signals that Pi Network is preparing for the long run. With formal recognition in key legal jurisdictions.

Testnet Upgrades and Protocol Progress

While the ownership shift is making headlines. The Pi Core Team has also been busy improving its blockchain infrastructure. Recent updates reveal that Testnet1 has been upgraded from protocol version 19 to version 22. Work is already in progress to bring it to version 23. After that, the same upgrades will extend to Testnet2 and eventually the Pi mainnet. These upgrades are not just technical adjustments. They are designed to add new layers of functionality and control. 

By strengthening its blockchain, Pi Network is building the foundation for more scalable and efficient operations. The team also noted that some of these upgrades may require planned outages. But all such events will be communicated in advance. Transparency in this process is key. Especially as Pi positions itself as a project for millions of users worldwide.

Why the Ownership Move Matters

The transfer of ownership from Social Chain Inc. to Pi Community Company highlights an important evolution in governance. By moving control into a company registered in the Cayman Islands. Pi Network is signaling its commitment to becoming a global player. This move also shifts focus toward the Pi community itself. A company that carries the name “Pi Community” reflects the project’s original promise of being built for and by its users. 

It could also help foster greater trust and collaboration. As the project aligns more closely with its stated mission. At the same time, this structure can help the project deal with complex regulatory environments. With digital asset rules tightening around the world. Having a base in the Cayman Islands provides flexibility. While maintaining a recognized corporate framework.

Looking Ahead

For the millions of Pi users around the globe, these developments are more than paperwork. They show that Pi Network is moving steadily from an experimental stage to a more professional and structured phase. Ownership clarity, legal protections and technical upgrades all point to a project preparing for larger ambitions. The road to a fully functional mainnet is still ongoing. 

But with protocol upgrades advancing and legal ownership now confirmed. Pi Network is better positioned to deliver on its vision of building a user driven digital currency. The next steps, including the completion of protocol upgrades and the rollout of a stronger mainnet, will be critical. If Pi Network can successfully align governance, technology and community growth. It may turn its years of hype into lasting value.