DePin Sector Advances with World Mobile and Helium Subnetworks

Monday, July 15, 2024 5:17 PM
301
DePin Sector Advances with World Mobile and Helium Subnetworks cover

Decentralized Physical Infrastructure Networks (DePin) are making strides in the tech industry by supporting decentralized projects in real-world infrastructure. World Mobile has reached a significant milestone with over 100,000 daily users, a 400% increase in the past year, with its network expanding across Africa, Asia, and the USA. The company has deployed 1,798 AirNodes globally, positioning it as the largest network in the DePin category. World Mobile supports its participants through the World Mobile Token (WMT), incentivizing an active user base. The company has also announced plans for global AirNode deployments and a token migration to various blockchains in 2024. Additionally, the Helium Foundation is exploring new subnetwork opportunities with the Swedish energy project Srcful, which aims to use Helium hotspots to run a virtual power plant, offering another way to earn tokens. Meanwhile, Crust Network has partnered with Xcavate to provide secure, decentralized storage solutions for real estate tokenization, enhancing data integrity and scalability.

Related News

Fog Works Partners with Arkreen and DMC to Promote Sustainable Decentralized AI cover
a day ago
Fog Works Partners with Arkreen and DMC to Promote Sustainable Decentralized AI
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.
Bistroo Integrates LayerZero for Enhanced Multi-Chain Functionality cover
2 days ago
Bistroo Integrates LayerZero for Enhanced Multi-Chain Functionality
Bistroo, a blockchain-powered food ordering ecosystem, has successfully integrated with LayerZero, an advanced interoperability protocol. This collaboration introduces seamless multi-chain bridging for Bistroo's native token, BIST, significantly enhancing flexibility and liquidity within the decentralized ecosystem. With LayerZero's omnichain messaging protocol, Bistroo can connect BIST with over 90 leading blockchains, including Ethereum, Binance Smart Chain, and Polygon. This integration allows BIST holders to transfer their tokens across multiple networks efficiently and securely, overcoming traditional challenges such as high transaction fees and liquidity fragmentation. The benefits of this integration are manifold. Firstly, it enhances liquidity access by providing BIST with a direct connection to liquidity pools across various blockchains. This frictionless token movement enables users within Bistroo's ecosystem to engage with a larger global market. Additionally, LayerZero's Stargate protocol eliminates slippage and high fees typically associated with cross-chain transactions, making BIST more appealing to users. Furthermore, the integration improves ecosystem interoperability, allowing Bistroo to connect with a broader Web3 infrastructure and paving the way for further development across different chains. Looking ahead, the integration of LayerZero positions Bistroo as a leader in the decentralization of food e-commerce. By ensuring that BIST operates as a truly multi-chain token, Bistroo aligns with its mission to create a decentralized economy where users can transact freely across blockchain boundaries. This strategic move not only enhances the utility of BIST but also ensures a scalable and user-friendly ecosystem, better equipped to meet the demands of its growing global user base while remaining committed to its vision of decentralization.
Solana Faces Price Decline but Gains Ground in Developer Activity and Institutional Interest cover
2 days ago
Solana Faces Price Decline but Gains Ground in Developer Activity and Institutional Interest
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.
Exploring Decentralized Physical Infrastructure Networks with Tom Trowbridge cover
2 days ago
Exploring Decentralized Physical Infrastructure Networks with Tom Trowbridge
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.
Auki Labs Unveils Posemesh: A New Era for Collaborative Robotics cover
2 days ago
Auki Labs Unveils Posemesh: A New Era for Collaborative Robotics
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.
Acurast Launches Processor Lite for iOS, Empowering Users to Share Computing Power cover
2 days ago
Acurast Launches Processor Lite for iOS, Empowering Users to Share Computing Power
Acurast, a pioneer in decentralized confidential cloud computing, has recently launched the Acurast Processor Lite for iOS, now available on the Apple App Store. This innovative application allows iPhone users to share their device's computing power with Acurast's decentralized cloud network, providing an opportunity to earn rewards in the form of cACU tokens. By leveraging the advanced processors found in mobile devices, Acurast enables ordinary smartphones to function as powerful computing providers, significantly expanding its ecosystem and inviting iPhone users to participate in a transformative approach to cloud computing. The Acurast Processor Lite not only enhances accessibility but also promotes sustainability by repurposing older or damaged mobile phones into affordable computing resources. This initiative offers a cost-effective alternative to traditional servers, integrating sustainability into the core of cloud infrastructure. Users can earn up to 250 cACU tokens per month simply by running the Processor connected to the internet, with additional rewards available when developers deploy applications on the Acurast Cloud using the user's processing resources. This model encourages participation and rewards users for contributing to a decentralized cloud environment. Alessandro De Carli, Co-Founder of Acurast, emphasized the significance of this launch in democratizing cloud computing. He stated that by enabling iPhone users to contribute their devices' computing power, Acurast is fostering a more decentralized, secure, and confidential cloud infrastructure. This initiative not only focuses on technological advancement but also empowers individuals to engage in a global movement that redefines the utilization of computing resources. Users can join the Acurast Cloud Rebellion by downloading the Processor Lite app, thus supporting a shift towards a more user-driven and sustainable cloud computing landscape.
Signup for latest DePIN news and updates