The DePIN Explorer - DePIN Scan

In a world grappling with soil degradation and food scarcity, vertical farming emerges as a vital solution. This innovative agricultural method allows for the cultivation of crops in stacked layers, making it possible to grow food in urban areas and arid regions where traditional farming is challenging. The potential of vertical farming extends beyond just increasing food production; it also addresses the looming threat of world hunger, which is exacerbated by the erosion of fertile land. As the availability of arable land diminishes, the need for efficient farming solutions becomes increasingly urgent, highlighting the critical intersection of food security and social stability. However, despite its promise, vertical farming faces significant financial hurdles. Venture capitalists often shy away from investing in these projects due to their high upfront costs and the long-term nature of returns. This is where Web3 technology can play a transformative role. By implementing decentralized physical infrastructure networks (DePINs) and tokenization, vertical farms can attract funding from a broader base of investors. This approach allows for the distribution of farm revenues to token holders, providing the necessary liquidity to invest in advanced technologies and operational costs, thus enabling these farms to thrive without relying solely on traditional venture capital. The integration of blockchain technology further enhances the viability of vertical farming by ensuring transparency and traceability in the supply chain. Smart contracts can manage revenue distribution and operational data, giving investors a clear view of farm performance. As the movement towards decentralized agriculture gains momentum, the vision of urban rooftop gardens and local food production becomes more attainable. By harnessing the power of Web3, we can revolutionize our food systems, making them more sustainable and resilient for future generations. The future of food is indeed vertical, decentralized, and promising, paving the way for a healthier planet and society.

Crypto traders are keenly monitoring the latest developments in the fastest-growing crypto projects, particularly focusing on Filecoin, Mantle, and BlockDAG. Filecoin is currently testing a critical support level at $3.38, which is pivotal for its short-term trend. A rise in trading volume by 16% indicates increased interest among traders, and the formation of an ascending triangle suggests a potential price surge if it maintains above this support. However, a drop below $3.30 could lead to a decline towards $2.92, as the 200-day EMA reflects bearish sentiment despite the possibility of a rebound if support holds. In contrast, Mantle has shown a robust recovery, with a 4% increase in value over the past day, bringing its market cap to $3.557 billion. The positive convergence in the Simple Moving Average and a sharp rise in the Relative Strength Index (RSI) indicate sustained bullish momentum. If favorable market conditions persist, Mantle could break through the resistance at $1.0750, potentially reaching $1.2730. Conversely, a bearish shift could see it retesting support at $0.9150 or dropping to $0.7625, highlighting the volatility in its price trajectory. BlockDAG's presale has emerged as one of the most successful in recent crypto history, surpassing $199 million and nearing its $600 million target. Key drivers of this growth include the X1 Miner App, which has attracted over 500,000 active users, and a partnership with Inter Milan, enhancing its global visibility. Analysts predict that BDAG could reach $1 by the end of the year, offering an astonishing ROI of 3,932%. With the mainnet launch scheduled for 2025, the demand for BDAG is surging, making this an opportune moment for traders to engage with this rapidly expanding project.

MVL, a pioneering blockchain mobility company, has announced a significant collaboration with Base chain to launch its mainnet on Base's recent layer 3 network. This development marks a crucial evolution in MVL's ecosystem, positioning it as a leader in blockchain-powered mobility solutions. MVL has been dedicated to creating a mobility ecosystem based on fairness and transparency, but scaling challenges have hindered its growth. Over the past six years, MVL has focused on building real-world infrastructure and ensuring utility before this mainnet launch. Its ecosystem now includes innovative services such as TADA, ONiON Mobility, DePIN, and Musubi, all designed to enhance user experience and operational efficiency. The launch of MVL's mainnet on Base's Layer 3 network is a strategic decision that promises to enhance the scalability and efficiency of its services. Base's network offers the security, low fees, and scalability necessary for MVL's expanding ecosystem. By compressing transactions into batches and recording them on the Ethereum mainnet, MVL can efficiently handle large volumes of data and transactions. This integration will also enhance the utility of MVL's native token, driving adoption and expanding its role within the ecosystem. The collaboration with Basechain is expected to unify MVL's services, which were previously separate, into a cohesive and scalable platform. In addition to the mainnet launch, MVL has signed a Memorandum of Understanding with CO-OP, a community-owned ride-sharing platform, to expand its ecosystem into the United States, starting with Colorado. This partnership aligns with MVL's mission to promote fair fare distribution among drivers, mirroring TADA's zero-commission model. By developing an application system for mobility service providers, MVL aims to foster a more decentralized mobility network, offering fairer fares and improved services compared to traditional platforms. This strategic move not only enhances MVL's offerings but also sets a new standard for driver-focused mobility solutions in the U.S.

Team Rizzo, which operates subnets and validator services on Bittensor, has successfully secured $25 million in blockchain-based insurance coverage to mitigate hacking risks. According to Coindesk, this coverage was arranged by Native, a digital asset insurance broker specializing in protecting blockchain-related businesses. The insurance is specifically designed to safeguard Rizzo’s validator services and machine learning operations on Bittensor, an AI-driven cryptocurrency network. This move comes in response to the increasing threat of smart contract hacks, which can result in significant token losses, particularly affecting the network's proof-of-stake consensus mechanism. The urgency for such coverage is underscored by recent incidents, including a $1.5 billion loss suffered by Bybit, a major cryptocurrency exchange, due to hackers associated with North Korea. Founded in 2019, Nexus Mutual has been a pioneer in providing blockchain-based insurance, encouraging its community to pool assets into syndicates that cover various crypto-related risks. Native, which manages one of the largest capital pools on Nexus Mutual, also connects clients to traditional insurance markets like Lloyd’s of London for specific crypto insurance needs. The rapid arrangement of the $25 million coverage for Team Rizzo has drawn attention, as it was completed in just four weeks. Native co-founder Dan Ross highlighted the significance of this achievement, noting that it is the first instance of Bittensor being underwritten. Team Rizzo's initiative to secure their own policy aims to instill confidence in potential validators, encouraging them to stake their assets with assurance. This development reflects a growing trend in the cryptocurrency sector, where the demand for insurance solutions is increasing amidst the rising incidence of hacks and exploits. With limited insurance options available, especially in decentralized finance (DeFi) and staking, the swift response from Native demonstrates the potential for innovation in the insurance landscape. The introduction of tailored insurance products for blockchain projects not only enhances security but also fosters trust among users, ultimately contributing to the stability and growth of the cryptocurrency ecosystem.