The DePIN Explorer - DePIN Scan

Senator Lummis Advocates for US Strategic Bitcoin Reserve Senator Cynthia Lummis is expected to make a significant announcement today at 10 a.m., potentially unveiling a major development in her ongoing efforts to establish a US strategic Bitcoin reserve. Lummis, known for her advocacy in this area, has hinted at the importance of the upcoming announcement through social media posts. The announcement follows her introduction of the BITCOIN Act in July 2024, which proposes that the US Treasury acquire 1 million Bitcoins over five years, with a mandatory 20-year holding period to address inflation concerns and strengthen the dollar. The speculation surrounding Lummis's announcement today centers on her potential selection as chair of the digital assets subcommittee within the Senate Banking Committee. While the focus of the announcement remains uncertain, there is anticipation that it may align with updates on the US strategic Bitcoin reserve. The proposed Bitcoin reserve strategy has garnered support for its potential to enhance the US dollar's stability by incorporating Bitcoin as a complementary asset.

Bybit has announced the upcoming listing of Network3 (N3) on its Spot trading platform, with a timeline set for deposits, trading, and withdrawals. N3 deposits will open on January 21, 2025, at 10 AM UTC, followed by the listing on January 22, 2025, at 8 AM UTC. Withdrawals will commence on January 23, 2025, at 10 AM UTC. Users will be able to trade N3 via Spot Grid Bots, and deposits and withdrawals will be facilitated through the Solana network, enhancing the trading experience for users. To celebrate the listing, Bybit is hosting two special events aimed at rewarding users. The first event, titled "Token Splash - New User Exclusive," runs from January 21 to February 5, 2025. New users who register and complete identity verification can earn from a prize pool of 2,800,000 N3 by depositing at least 2,000 N3 or trading 100 USDT worth of N3. The first 4,666 new users to meet these criteria will each receive 600 N3. The second event, also called "Token Splash," invites users to trade at least 200 USDT worth of N3 during the same period to share in a 1,200,000 N3 prize pool, with rewards capped at 16,000 N3 per user. Network3 is a pioneering technology focused on creating a decentralized edge AI infrastructure. It utilizes advanced technologies such as AI model optimization, federated learning, and edge computing to support global AI developers in enhancing their model inference and training processes. With over 570,000 active nodes across 188 countries and a download volume exceeding 50 million, Network3 is positioned as a leader in building a fair and efficient AI ecosystem. The upcoming listing on Bybit marks a significant milestone for both the platform and the N3 project, promising exciting opportunities for traders and investors alike.

io.net, a leading decentralized physical infrastructure network (DePIN) protocol, has recently achieved Service Organization Control 2 (SOC 2) compliance, marking a significant milestone in its commitment to security and operational transparency. This certification indicates that io.net has undergone rigorous audits to ensure its systems are secure and that it adheres to high standards of data integrity. Gaurav Sharma, the technology chief of io.net, emphasized that this achievement not only benefits all users but is particularly appealing to enterprises that require partnerships with organizations maintaining top-tier data protection standards. Achieving SOC 2 compliance is often regarded as the gold standard in data security, providing io.net with a competitive edge in the market. The certification validates the protocol's robust security controls and standardized processes, which are crucial for defending against potential exploits and breaches. With a vision of offering decentralized GPU compute solutions, this certification lays a solid foundation for the protocol's future growth and expansion, allowing it to operate on a global scale while competing with industry-leading security standards. The DePIN sector, valued at approximately $27.9 billion, has seen significant trading activity, with io.net's native token, IO, ranking among the top 20 protocols in this space. With a market cap of $389 million, IO has demonstrated resilience and growth potential despite recent market fluctuations. Furthermore, io.net's collaborations with AI protocols, such as Injective and Alpha Network, aim to explore the intersection of blockchain and AI, positioning the protocol for potential leadership in the DePIN market in the near future.

DeepLink has signed a strategic cooperation with SoonChain, an AI Layer-2 blockchain gaming platform that aims at changing the landscape of Web3. The partnership integrates SoonChain’s state-of-the-art AI-Generated Gaming (AIGG) solution, which helps game developers design engaging blockchain games. The use of AIGG technology erases conventional programming elegance and brings Web3 gaming to the mass market. This toolset is designed to create opportunities to work more efficiently in producing a captivating game while at the same time opening doors for more creativity within the video game market. In this integration, both companies aim to share equal opportunities and early access to the gaming industry since there are few middlemen. Accessibility Initiative for Developers and Gamers SoonChain is a single platform that connects Artificial intelligence, decentralization physical infrastructure networks (DePIN), and massive GPU computations with AAA games standards. The integration with DeepLink will allow developers to create games and the platform will be designed in such a way to not need profound technical skills to create the game, thus making the industry available for everybody and definitely indie teams. Also, it encourages the decentralization of gaming opportunities as part of the strategy to increase their availability. This approach is in line with the Web3 worldview of handling as many intermediaries as possible and providing users with control and ownership over their gaming. DeepLink and SoonChain Offering a Decentralized Framework for Innovation DeepLink and SoonChain provide a vision of an open and decentralized space aiming at attracting developers and gamers for cooperation and creation of new opportunities without typical limitations. Developed on DeepBrainChain architecture, the cooperation integrates AI cloud gaming protocols that are based on decentralization, which is beneficial for growing and optimizing games. This partnership involves the integration of AI powers with blockchain, which emphasizes the concern with the separation of a new frontier in game development. It symbolizes a quantum leap in the use of artificial intelligence and decentralized applications to deliver unique gaming solutions for a global clientele. * [https://blockchainreporter.net/deeplink-and-soonchain-join-forces-to-revolutionize-web3-gaming/ ](https://blockchainreporter.net/deeplink-and-soonchain-join-forces-to-revolutionize-web3-gaming/)