Pi Network introduces its own advertising network
Pi Network has announced the launch of a pilot version of its ad network, which allows app developers within the Pi ecosystem to monetize their apps through display ads. The initiative aims to boost the Pi economy by having advertisers pay for ads using the Pi cryptocurrency, which in turn will allow developers to earn revenue in the currency.
Fireside Forum as a test platform
A pilot program has been launched on the social app Fireside Forum to serve as a testbed for the new ad network. This app allows users to earn tokens for watching ads, extending access to the app’s features to users who have not yet transferred their Pi to Mainnet.
Monetization and growth of the developer community
The Pi Ad Network provides a new way for developers to generate revenue from their apps. By displaying ads, developers can earn Pi rewards, which motivates them to create better and more innovative apps. This model has the potential to create a virtuous cycle where quality apps attract more users, leading to more ad revenue.
Transition to an open network and future plans
In the current closed network phase, payments for ads are made in US dollars. After the transition to an open network, advertisers will be required to pay exclusively in Pi cryptocurrency. This move is intended to increase the use of Pi in real transactions and strengthen its position within the ecosystem.
Integration into the developer SDK and support for innovation
The ad network has been integrated into the developer SDK, allowing a wider community of developers to implement ads in their applications. Two types of ads are supported: interstitial and rewarded. This integration aims to foster innovation and sustainability within the Pi ecosystem by providing developers with tools to generate revenue while ensuring a quality user experience.