Pi Network and Pi Coin (PI) have seen a slight increase after the development team introduced new updates to App Studio, along with a survey offering Pi credits as rewards.
These changes aim to expand opportunities, encourage creativity, and increase the applicability of Pi even for those without technical knowledge.
What are the latest updates to Pi App Studio?
In a recent blog post, the Pi Core Team announced two significant updates. The first update is the integration of Pi payments through App Studio.
This feature allows users (Pioneers) to add Pi payments within the app without requiring technical knowledge. Currently, transactions are only processed with Test-Pi and are only available for one session. Users can unlock the feature or purchase items within the app.
“In the current version, creators can add Test-Pi payment activities within an app session… A ‘session’ is defined as a separate activity within the app, such as a round, a task, or an experience,” according to the blog post .
In addition, the development team has added an option allowing users to test the new app by XEM ads instead of paying for Pi. This update aims to support those who haven't completed their Pi transfers or have limited Pi balances.
“This feature will activate if the balance in App Studio drops below 0.25 Pi. Please note that advertising does not offset the actual cost of deploying an app on Pi App Studio, but rather helps more creators access the tool more easily, reduces testing costs, and limits spam or abuse,” the team stated.
At the same time, Pi App Studio also launched a community survey. The program encouraged Pioneers to contribute ideas and Chia useful applications on the platform.
According to the development team, the first 1,000 qualifying answers will receive 5 Pi credits, which can be used to create and customize applications in Pi App Studio.
This reward helps users overcome barriers when experimenting with and developing AI-powered applications, which previously often required the use of the Pi.
Pi Coin price recovers slightly.
These updates come amid a slight recovery in Pi Coin's price. Note that the increase in Pi Coin's price coincided with the cryptocurrency market rebound .
The total cryptocurrency market Capital increased by $4.58 billion, reflecting a cautious but gradually improving sentiment among investors .
According to data from BeInCrypto Markets, the price of Pi Coin has increased by 0.7% in the last 24 hours. At the time of writing, Pi Coin is trading around $0.18.
Pi Coin price. Source: BeInCrypto MarketsDespite a short-term recovery, Pi's overall trend remains negative . Over the past month, the Token has lost nearly 10% of its value and is currently still over 78% lower than its listing price in February 2024.
Low volume , little interest from retail investors, and the continuous unlocking of Token Lockup continue to negatively impact market sentiment and the price of Pi Coin.
App Studio's initiatives aim to transform passive users into active collaborators by removing technical barriers and providing more incentives. However, it remains unclear whether these efforts will be enough to revive interest in a market that remains very gloomy.
