DePIN Base Camp Selects Six Startups for Web3 Accelerator Program

A prominent crypto trader has presented an optimistic forecast for Ethereum (ETH), suggesting that the altcoin could reach five-digit prices by 2025. In a recent video update, Guy Turner, the host of CoinBureau, shared his insights with his 2.58 million YouTube subscribers. He believes that barring any unforeseen events, ETH is poised to surpass its previous all-time high of approximately $4,878, which was recorded in November 2021. Turner emphasizes that once this threshold is crossed, there will be no historical resistance levels to impede its ascent, leading to a phase of price discovery that could propel ETH significantly higher. Utilizing Fibonacci extension levels, Turner posits that a conservative target for ETH could be around $7,300, corresponding to the 1.618 Fibonacci level. This analysis is grounded in technical analysis principles, where traders employ Fibonacci ratios to set profit targets and identify potential price pullbacks. However, he also speculates that if Bitcoin (BTC) experiences a substantial increase, potentially reaching $200,000, ETH could soar even further to approximately $14,600. He notes that this scenario, while ambitious, is plausible if BTC's gains lead to a capital rotation into ETH. As of the latest data, Ethereum is trading at $3,686, reflecting a 5.5% decline in the past 24 hours, while Bitcoin is priced at $101,143, down 4.6% on the day. Turner's analysis underscores the volatile nature of the cryptocurrency market and the potential for significant price movements in the coming years. Investors are advised to conduct thorough research and consider the inherent risks associated with cryptocurrency investments before making any decisions.

On December 20, 2024, the cryptocurrency market faced a significant downturn, resulting in $1.18 billion worth of liquidations. Despite this trend, Filecoin (FIL) has shown resilience, with 75.71% of top traders on Binance maintaining long positions. The token's ability to hold above the 200 Exponential Moving Average (EMA) is crucial, as analysts predict a potential 40% surge to the $7 mark if it can sustain this support level. Currently, FIL is trading around $4.71, having experienced a decline of over 16.5% in the last 24 hours. The interest from larger investors, or whales, has been notable during this market dip. According to on-chain analytics firm Coinglass, there has been a significant outflow of $13.85 million worth of FIL from exchanges, indicating that long-term holders are accumulating the token. This trend suggests a bullish sentiment among investors, as they withdraw their assets from exchanges to secure them in personal wallets. The FILUSDT Long/Short Ratio on Binance stands at 3.12, further reflecting the strong bullish sentiment among traders. Technical analysis indicates that FIL has successfully retested the 200 EMA support level, which is a positive sign for potential upward movement. If the token can maintain its position above $4.75, it may see a rise to $7. However, if it falls below the 200 EMA and closes a daily candle under $4.70, a further decline of approximately 30% could be expected. The recent increase in trading volume by 14% during this period highlights the heightened participation from traders and investors, suggesting that the market remains active despite the overall downturn.

Fog Works, a leader in Web3 storage computing and EdgeAI, has announced a strategic partnership with Arkreen and Datamall Chain (DMC) to promote carbon neutrality within Decentralized Physical Infrastructure Networks (DePIN). This collaboration introduces the "Plug for Green Program" (PGP), which aims to create a sustainable future powered by decentralized AI and Green DePIN. Arkreen's innovative solutions include Smart Plug technology and tokenized Renewable Energy Certificates (RECs) that allow real-time energy consumption monitoring and on-chain carbon offsetting, encouraging participants in the Green DePIN ecosystem to adopt sustainable practices. Datamall Chain (DMC) is revolutionizing data ownership and sharing through its decentralized EVM-compatible network, utilizing its native token, $DMC, to facilitate trustworthy data transactions. DMC's infrastructure enhances decentralized AI capabilities while ensuring privacy and ownership through blockchain technology and smart contracts. Fog Works, recognized as one of the top 15 U.S. innovative storage startups in 2023, is committed to developing data-sovereign DePIN solutions. This partnership aims to bridge chains and empower Decentralized AI with energy-efficient solutions that promote sustainability. The collaboration between Fog Works, Arkreen, and DMC unlocks new opportunities for sustainable decentralized AI. Key advancements include energy consumption monitoring through Arkreen’s Smart Plugs, on-chain carbon offset mechanisms using tokenized RECs, and composable dual mining that allows participants to earn both $AKRE and $DMC tokens. This initiative not only rewards eco-conscious practices but also fosters cross-chain collaboration, driving the adoption of Green DePIN principles. Together, these organizations are setting a new standard for eco-conscious Web3 projects, inviting the community to join the Green DePIN revolution and contribute to a sustainable future.

Fly-to-Earn (F2E) is an emerging trend in the cryptocurrency landscape that is capturing significant attention. This innovative model allows individuals to earn rewards through various flight-related activities, including gaming, virtual simulations, and even real-world travel. As the concepts of real-world asset tokenization (RWA) and the expanding GameFi sector attract more investors, F2E presents a unique opportunity that could transform perceptions of both cryptocurrency and reward systems. Currently, the RWA market is valued at approximately $19 billion, while the GameFi sector stands at around $22.7 billion, indicating a robust potential for growth as blockchain technology and Web3 protocols gain mainstream traction. The F2E concept is particularly intertwined with virtual reality, especially within gaming and simulation industries. A notable example is Microsoft Flight Simulator 2024, which allows players to earn in-game currency and virtual rewards by completing flights and missions. This gamified approach appeals to both aviation and gaming enthusiasts, creating an engaging experience. Additionally, blockchain companies are beginning to adopt similar models to monetize virtual flying experiences. For instance, BlockAirGame is developing an F2E model where users can earn cryptocurrency like Polygon (POL) through flight-related games, merging the thrill of gaming with blockchain incentives. In the real world, startups are also venturing into the F2E space. Satoshi Airlines has launched a Fly-to-Earn app that integrates air travel with blockchain technology, enabling users to earn rewards for their engagement. Recently, Spexi, a company specializing in ultra-high-resolution drone imagery, secured $11.5 million in Series A funding led by BlockChange Ventures. This investment will facilitate Spexi's global expansion and contribute to the overall growth of the F2E ecosystem. The convergence of gaming, cryptocurrency, and real-world assets positions Fly-to-Earn as an exciting model with promising prospects for the future.

In the latest episode of the Hashing It Out podcast, host Elisha Owusu Akyaw interviewed Tom Trowbridge, co-founder and CEO of Fluence Labs, to delve into the concept of Decentralized Physical Infrastructure Networks (DePIN). Trowbridge highlighted that DePIN is set to disrupt traditional infrastructure models by leveraging crowdsourced physical infrastructure, interconnected through crypto-economic incentives. This innovative approach allows for decentralized data storage and mapping networks, which can operate more efficiently and cost-effectively than their centralized counterparts. Trowbridge emphasized the necessity for DePIN projects to deliver superior products to ensure their success, as customers prioritize tangible outcomes over the technology itself. Trowbridge's journey from leading the launch of Hedera Hashgraph to co-founding Fluence Labs reflects his commitment to challenging the dominance of tech giants in cloud computing. He aims to provide decentralized, cost-effective alternatives that enhance security and scalability while ensuring user flexibility. Despite the promising potential of DePINs, Trowbridge acknowledged significant challenges, particularly in customer acquisition. While the sector has attracted contributors, convincing businesses to adopt decentralized services remains a hurdle. He stressed the importance of simplifying messaging for audiences outside the crypto community, focusing on product utility rather than technical jargon. Looking ahead to 2025, Trowbridge expressed optimism about the potential for DePINs to generate real-world revenue, which could reduce their reliance on the volatile cryptocurrency market. As the sector matures, he anticipates a substantial shift driven by innovative projects and a growing demand for decentralized solutions. The podcast also explores how DePIN could reshape the infrastructure landscape, providing insights into the future applications of Web3. This discussion offers a glimpse into a transformative era for infrastructure, emphasizing the practical benefits of decentralized technologies.

io.net, a prominent player in the decentralized physical infrastructure network (DePIN) for GPUs, has recently joined the Dell Technologies Partner Program. This strategic alliance is designed to enhance io.net's business development, sales, and marketing efforts. As an authorized partner and cloud service provider, io.net aims to integrate its decentralized GPU network with Dell's robust infrastructure, providing scalable and cost-effective solutions tailored for emerging technologies such as artificial intelligence (AI), machine learning (ML), and high-performance computing (HPC). Tausif Ahmed, VP of Business Development at io.net, emphasized that this partnership marks a significant milestone for the company, positioning it as a leading solution provider in the AI, ML, and HPC sectors. The Dell Technologies Partner Program is an international initiative that equips partners with essential business development, sales, and marketing resources. By joining this program, io.net gains access to a wealth of resources that will facilitate the expansion of its decentralized GPU network and enhance its market capabilities. This collaboration not only allows io.net to strategize with other partners but also extends its global reach, enabling the deployment of solutions that seamlessly integrate decentralized GPU power with Dell's reliable hardware infrastructure. The partnership is expected to bolster io.net's go-to-market efforts and co-marketing activities, ultimately benefiting enterprise customers seeking advanced computing solutions. As the demand for scalable and efficient compute services continues to rise in the AI and ML industries, io.net's decentralized network offers a compelling alternative to traditional cloud service providers. By providing on-demand GPU clusters that can be deployed rapidly and at a lower cost, io.net addresses the bottlenecks faced by organizations in AI development. The partnership with Dell is set to democratize access to decentralized compute solutions, particularly for enterprises engaged in AI training, inference, and HPC use cases. With Dell's global presence and trusted reputation, io.net is well-positioned to accelerate the adoption of these innovative solutions across various industries.