The PI network is set to undergo a major upgrade with Protocol 23 launching on May 18. This upgrade will introduce smart contracts, real-world asset tokenization, and AI App Studio integration. The transition is expected to be smooth due to the use of Stellar technology. The upgrade aims to transform PI into a full ecosystem with a focus on institutional recognition. The network’s technical ambition is significant, but its market price remains low. Smart contracts will allow PI to become a programmable platform for developers, similar to Ethereum. Real-world asset tokenization will connect PI to the institutional tokenization market, potentially opening up new opportunities for the network. The node upgrade schedule leading up to May 18 will be important for price movements as each milestone is a signal of progress towards the upgrade.

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