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The Communiqué News

Pi Network Launches Open Mainnet, Pi Coin Sees Major Price Volatility

  • 1 min read

Pritish Bagdi

Pi Network Launches Open Mainnet, Pi Coin Sees Major Price Volatility

The Pi Network officially transitioned to its Open Mainnet on February 20, 2025, marking a major milestone from its closed ecosystem to full decentralization. This long-anticipated move has sent shockwaves through the cryptocurrency market, triggering sharp price fluctuations in Pi Coin.

Within hours of the launch, Pi Coin surged to a peak of $1.97, fueled by investor excitement and heightened trading activity. However, the rapid rally was short-lived as the price plunged to $0.737, reflecting the market's volatility. In a surprising rebound, Pi Coin recovered by nearly 80%, stabilizing around $1.29.

The Open Mainnet launch signifies Pi Network’s commitment to decentralization, granting users unrestricted access to peer-to-peer transactions, decentralized applications (dApps), and enhanced blockchain functionalities. This pivotal shift is expected to drive long-term growth while attracting new developers and investors.

Crypto analysts highlight the importance of market caution during such volatile phases but remain optimistic about Pi Coin’s future. As the network matures, many believe Pi could solidify its position among top-performing cryptocurrencies.

Investors are now watching closely to see how the Open Mainnet will shape Pi Network’s evolving ecosystem and its impact on global crypto markets.





Paris Hilton's Avatar Collection will be launched by The Sandbox and 11:11 Media.

  • 2 min read

As this summer's first highly anticipated collection, 5,555 unique avatars playable in The Sandbox with iconic Paris Hilton-themed features will be released on May 31, 2023.


Swati Bhat

Image: Sandbox Official


The Sandbox, a prominent decentralised gaming virtual world and a subsidiary of Animoca Brands, and 11:11 Media, Paris Hilton's next-generation media company, have unveiled a new Paris Hilton metaverse avatar line. The collection will be released on May 31, 2023, and will include a special subset of eleven special 1-of-1 hand-crafted NFTs that will provide holders exclusive access to a complimentary VIP ticket to Paris: Live in Concert at the Fonda Theatre in Los Angeles on June 7, 2023.

The long-awaited collection of 5,555 entirely distinct NFT avatars, each playable in The Sandbox, is a real celebration of Paris Hilton's style and inventiveness. The stunningly attractive avatars wear classic haute couture outfits from Paris, well-known Halloween costumes and signature accessories ranging from DJ headphones to Sliving gloves and fantastical fairy wings.

The Paris Hilton avatar collection will be released in three waves, each hosted on The Sandbox’s dedicated drop page:

  • Allowlist mint wave 1 – 31 May 2023, 2pm UTC / 6am PST / 9am EST

Dedicated to Paris Hilton’s OG community, consisting of people from her Discord and holders of NFT collections she has already launched. Allow-listed wallets will be notified via email of their selection and will have a chance to mint a maximum of two avatars per wallet within a 24-hour time period.

  • Allowlist mint wave 2 – 2pm UTC / 6am PST / 9am EST

Dedicated to holders of The Sandbox avatars and LAND owners, the Animoca Brands ecosystem, and those who register through heymint.xyz

  • Public Sale – 2pm UTC / 6am PST / 9am EST Once the public sale is live, anyone will have the chance to mint up to four avatars per wallet, subject to availability.

“The Paris Hilton avatar collection from 11:11 Media will empower players to proudly express their inner Paris Hilton in The Sandbox,” said Sebastien Borget, COO and Co-Founder of The Sandbox. “Following multiple successful metaverse activations by Paris’s team, fans have been eagerly awaiting this collection. We’re excited that they’ll soon be able to equip their new avatars to show off in the metaverse.”

“11:11 Media’s collaborations with The Sandbox marks a significant leap into a world where virtual and real experiences blend seamlessly,” said Cynthia Miller, Director of web3 and metaverse at 11:11 Media. “By combining the unmistakable presence of Paris Hilton with the cutting-edge technology of The Sandbox, we are ushering in a new era of immersive entertainment and limitless creativity.”





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