Pi Network Prepares for Smart Contract Tokenization: A New Protocol Set to Redefine Web3 Utility

Pi Network is entering a transformative phase. With a new protocol on the horizon, the platform is preparing to introduce smart contract tokenization—an upgrade that could redefine its role in the Web3 ecosystem. As developers eagerly await the technical rollout, the Pi Hackathon community is already buzzing with anticipation, ready to build decentralized applications that leverage Picoin in new and powerful ways.

This development marks a significant milestone in Pi Network’s journey from mobile mining to full blockchain utility. It signals a shift from foundational infrastructure to programmable value, opening the door to decentralized finance, digital identity, and community-led innovation.

The New Protocol: What’s Coming

According to recent reports, Pi Network is preparing to test Protocol 20, a major upgrade that will enable smart contract functionality on its blockchain. This protocol is expected to introduce the ability to tokenize assets, automate transactions, and support decentralized applications (dApps) directly within the Pi ecosystem.

Smart contracts are self-executing agreements coded into the blockchain. They allow for trustless interactions between parties, removing the need for intermediaries and enabling programmable logic across a wide range of use cases. With Protocol 20, Pi Network aims to bring this capability to its global user base.

The upgrade is expected to be tested on a new environment—possibly Testnet 3—designed to ensure stability, scalability, and security before full deployment on Mainnet.

Developer Excitement and Hackathon Momentum

The Pi Hackathon has become a focal point for developer engagement. With the announcement of smart contract tokenization, participants are preparing to build applications that go beyond basic transactions. From decentralized marketplaces to automated lending platforms, the possibilities are expanding rapidly.

Developers are particularly excited about:

• Tokenized payment systems

• Decentralized governance models

• Smart contract-based identity verification

• Escrow and conditional transaction tools

The Hackathon is not just a competition—it’s a launchpad for the next generation of Web3 applications built on Pi Network. With a growing suite of developer tools and community support, Pi is positioning itself as a serious contender in the programmable blockchain space.

Picoin’s Expanding Utility

Picoin, the native currency of Pi Network, has long been viewed as a symbol of accessibility and inclusion. Mined via mobile devices, it has reached tens of millions of users across the globe. But with smart contract tokenization, Picoin’s role is set to evolve.

Instead of serving solely as a medium of exchange, Picoin will become a programmable asset. It can be used to trigger smart contracts, represent digital ownership, and facilitate complex financial interactions. This shift enhances its value proposition and aligns it with other leading blockchain platforms.

Tokenization also opens the door to new economic models. Users could stake Picoin to participate in governance, earn rewards through decentralized finance (DeFi), or use it as collateral in peer-to-peer lending systems.

Web3 Integration and Strategic Positioning

Web3 is built on the principles of decentralization, transparency, and user ownership. Pi Network’s upcoming protocol upgrade is a direct response to these values. By enabling smart contracts, Pi is aligning itself with the broader movement toward programmable, user-controlled digital ecosystems.

This integration positions Pi Network to compete with platforms like Ethereum, Solana, and Avalanche—while maintaining its unique advantage in mobile accessibility and community scale.

Key strategic benefits include:

• Enhanced developer engagement

• Expanded use cases for Picoin

• Improved interoperability with other blockchains

• Greater appeal to institutional and enterprise partners

As Web3 continues to evolve, Pi Network’s infrastructure upgrades will be critical in maintaining relevance and driving adoption.

Community Involvement and Governance

Pi Network’s strength lies in its community. With tens of millions of users worldwide, the platform has built a decentralized army of pioneers who contribute to testing, feedback, and ecosystem development.

The rollout of smart contracts will further empower this community. Users will be able to participate in governance decisions, propose protocol changes, and engage in decentralized applications that reflect their needs and values.

This participatory model is essential for long-term sustainability. It ensures that Pi Network evolves in alignment with its users, rather than external market pressures.

|| Pi Network ||
New Protocol coming soon..!
Hackathon Developers eagerly waiting for smart contract tokenization on Pi Blockchain.#PiNetwork #picoin $pi pic.twitter.com/jBoB9N1mSi

— metamitra (@Ketan_Patell) August 23, 2025

Security, Scalability, and Testing Phases

Introducing smart contracts requires rigorous testing. Pi Network’s phased approach—moving from Testnet 2 to a potential Testnet 3—demonstrates its commitment to stability and security.

Key technical priorities include:

• Preventing contract vulnerabilities

• Ensuring transaction efficiency

• Maintaining low fees and high throughput

• Providing developer documentation and support

By addressing these challenges early, Pi Network aims to deliver a robust and reliable smart contract environment that can support real-world applications.

Institutional Interest and Market Implications

The announcement of smart contract tokenization has not gone unnoticed. Institutional investors and venture firms are beginning to take a closer look at Pi Network’s roadmap. With its massive user base and expanding utility, Pi is emerging as a platform with long-term potential.

Market implications include:

• Increased demand for Picoin

• Potential exchange listings post-Mainnet

• Greater visibility in the Web3 developer community

• Opportunities for enterprise integration

While speculative interest may rise, Pi Network remains focused on building real value through infrastructure, utility, and community engagement.

Looking Ahead: The Road to Mainnet

The testing of Protocol 20 is a major step toward Pi Network’s full Mainnet launch with smart contract support. As developers build, users engage, and infrastructure matures, the network is moving closer to its vision of a decentralized, programmable economy.

Upcoming milestones to watch include:

• Testnet 3 deployment and feedback cycles

• Smart contract developer toolkit release

• Expanded Hackathon participation and app launches

• Mainnet readiness assessments and migration updates

Each of these steps will shape the future of Pi Network and define its role in the broader crypto ecosystem.

Conclusion

Pi Network’s upcoming protocol upgrade marks a turning point in its evolution. By introducing smart contract tokenization, the platform is unlocking new possibilities for Picoin, developers, and users alike. With a strong foundation in accessibility, community, and Web3 principles, Pi is poised to become a major force in the next wave of blockchain innovation.

As the Hackathon community prepares to build and the protocol enters testing, one thing is clear: Pi Network is no longer just a mining app—it’s becoming a programmable platform for the future of decentralized finance.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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