The DePIN Explorer - DePIN Scan

Network3, an AI Layer2 platform for global artificial intelligence developers, recently unveiled its latest innovation at the R3al World Summit in Singapore. The new Local Large Language Model (LLM) feature is designed to enhance the efficiency and performance of Edge AI technology. Edge AI involves deploying AI models directly on local devices like smartphones, bringing data processing closer to the source to improve application performance and reduce latency. The global Edge AI market is projected to exceed $269 billion in the next eight years, highlighting the growing significance of this technology. Transforming Smart Devices into AI Training Assets With a focus on making Web3 & AI technologies accessible, Network3 integrates DePIN with AI to enable IoT devices to train small AI models. By leveraging idle resources on smart devices, individuals can participate in AI training and earn rewards. The introduction of the local LLM feature aims to optimize smart devices' processing capabilities during idle times, reducing reliance on cloud computing, cutting down bandwidth usage, and enhancing data security and privacy. Network3, with over 320,000 active nodes globally, recently launched the N3 Edge V1 mining device, offering dual mining capabilities for IoTeX and Network3 tokens. Offering AI Chat Services on Mobile Devices Network3's latest update allows users to access AI chat services on their mobile devices without the need for expensive cloud infrastructure. A test version of the update will be available for download on the official website soon, providing users with the opportunity to interact with the model, earn tokens, and personalize their AI experience.

**Decentralized Physical Infrastructure Networks (DePINs)** DePINs have emerged as a critical part of the blockchain industry, disrupting traditional infrastructure models in data storage, computing power, and connectivity. The market cap for DePIN projects is estimated at $20 billion, attracting investments from top venture capital firms like Andreessen Horowitz and Binance Labs. Projects such as IoTeX and Akash Network are successfully onboarding contributors to their decentralized networks, with IoTeX having over 100,000 connected devices and Akash Network boasting more than 50,000 contributors for decentralized cloud computing. The potential for DePIN to transform markets like the Internet of Things (IoT) is significant, especially with the IoT market projected to reach $500 billion. DePIN, short for 'decentralized physical infrastructure networks,' utilizes blockchain to maintain networks of physical hardware, offering solutions in various applications like sensors, wireless infrastructure, and energy grids. By incentivizing peer-to-peer hardware infrastructure through cryptocurrency tokenomics, DePIN projects are gaining traction in sectors like road mapping, telecommunications, and data storage.

InFlux Technologies (Flux) and Akash Network have partnered to establish a DePIN advocacy group aimed at addressing regulatory clarity and government commitment to the decentralized technology sector. This collaboration seeks to promote education, industry awareness, and engagement with government agencies, lawmakers, and regulators. CEO and Co-founder of InFlux Technologies, Daniel Keller, emphasized the importance of creating regulatory frameworks that balance consumer protection with the transformative potential of decentralized technologies. The partnership between Flux and Akash Network is crucial for fostering growth and integrity in the Web3 and DePIN ecosystem. Akash Network, known as the 'Airbnb for data centers,' is a key player in decentralized computing services, offering computing resources through a secure marketplace. On the other hand, Flux provides decentralized cloud solutions for Web3, DePIN, and AI, bridging the infrastructural gap and enabling easier access to computing resources for developers and enterprises. By collaborating, Flux and Akash Network aim to influence U.S. regulations, propose industry-specific frameworks, and promote innovation and consumer interests within the blockchain sector.

DePin (Decentralized Physical Infrastructure Networks) tokens have gained significant attention as a rapidly growing sector in the crypto space. With a focus on decentralized services like storage, rendering, and streaming, DePin tokens have been on the rise. As October 2024 approaches, investors may be contemplating the ideal timing for investment. In September, Bitcoin defied its historical performance with notable gains, closing the month with an approximate 9% increase, a stark contrast to its usual 3.6% decline during the same period over the past decade. DePin tokens like Render (RNDR) also saw impressive surges, with a 31.0% increase in the last 30 days. In the DePin sector, other tokens like Filecoin (FIL), Theta Network (THETA), Arweave (AR), and The Graph (GRT) have shown positive growth as well. Filecoin witnessed a 9.6% value increase, reaching a market cap exceeding $2.3 billion, while Theta Network surged by 18.5%, pushing its market cap to around $1.4 billion. Arweave and The Graph also demonstrated strong performances, with a 7.0% and 24.4% increase, respectively. **October’s Bullish History and DePin Token Growth Challenges** As the crypto market gears up for October, historically known as 'Uptober' for its strong performance, expectations are high. Data from CoinGlass suggests an average October upside of nearly 23%, hinting at the potential for Bitcoin to reach new all-time highs. Analysts like Michaël van de Poppe foresee a bullish quarter ahead, with altcoins possibly seeing significant gains and Bitcoin aiming to surpass its previous peak. Despite challenges in verifying services, DePin tokens have shown remarkable growth, with a 450% increase in the past year. Projects like DAWN and Filecoin are implementing innovative verification methods to overcome scaling difficulties and ensure trustless verification, indicating a positive outlook for the DePin sector.