Synternet Launches Mainnet on Cosmos, Unleashing Decentralized Data Economy Potential

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.

Solana's recent performance has been a mixed bag, as the cryptocurrency experienced a 2.82% decline this week, bringing its total drop since the all-time high on November 23 to 18%. Despite this downward trend, institutional interest in Solana remains strong. Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, while Van Eck invested $2.5 million in the Solana DePIN project DAWN. These developments highlight that while Solana's price struggles, its ecosystem continues to attract significant investments and innovations. In terms of user engagement, Solana saw a notable increase in daily active addresses, surpassing 6.5 million, which indicates healthy participation within its network. The total value locked (TVL) in DeFi also rebounded to over $9 billion, solidifying Solana's position as the second-largest decentralized finance network. However, the decentralized exchange (DEX) volume took a hit, with a nearly 12% drop, reflecting the volatility within the market. Notably, Lifinity, a previously high-performing DEX, saw a significant decline of nearly 40%, while Raydium managed to post minor gains amidst the chaos. Amidst these fluctuations, Solana has achieved a remarkable milestone by onboarding more new developers than Ethereum for the first time in eight years. This surge in developer activity is a promising sign for Solana's future, as it continues to innovate and expand its ecosystem. However, the overall market sentiment remains cautious, with altcoins losing strength against Bitcoin. As Solana navigates these challenges, it is crucial for investors to remain vigilant and informed about the evolving landscape of the cryptocurrency market.

In the realm of robotics, the challenge of enabling multiple robots to collaborate effectively in shared spaces has been a significant hurdle. Auki Labs is addressing this issue through the development of the posemesh, a shared spatial map that enhances how robots perceive and interact with their environment. Currently, most spatial maps lack contextual information, providing only geometric data without meaningful object labels. This limitation forces robots to rely on computationally intensive processes for object recognition, which slows down decision-making and limits the scalability of autonomous systems. By introducing the posemesh, Auki Labs aims to streamline this process, allowing robots to operate more efficiently with reduced computational demands. The Unitree G1 and Go2-W robots are at the forefront of this innovation, serving as ideal platforms for deploying the posemesh. With their advanced sensors and mobility, these robots can navigate pre-built spatial maps effectively. The posemesh facilitates a shared understanding among robots, enabling them to coordinate movements and allocate tasks without the need for each robot to independently process its environment. This collaborative approach not only enhances efficiency but also minimizes redundancy, ultimately leading to improved robot-to-robot communication and more scalable systems across various industries. Auki Labs envisions a future where robots can adapt to environments in real-time, overcoming computational bottlenecks and working together seamlessly. By investing in the posemesh and advanced robotic platforms, the company is pioneering a smarter approach to robotics and AI. This initiative is crucial for the widespread adoption of robots in mixed or hybrid environments, as it unlocks the potential for collaborative fleets that are greater than the sum of their parts. As Auki Labs continues to innovate, the promise of a more interconnected and efficient robotic future becomes increasingly tangible.