DePINs: Transforming Web3 Infrastructure and AI Demand

Friday, September 6, 2024 12:20 PM
347
DePINs: Transforming Web3 Infrastructure and AI Demand cover

A recent MV Global report highlights the transformative potential of DePINs in the Web3 space, with over 1,000 projects and a $50 billion market cap. DePINs, decentralized physical infrastructure networks, aim to decentralize real-world systems like communication networks and energy markets. The report predicts a $128 billion market for decentralized data storage by 2028, driven by AI demand. DePIN projects are gaining traction, attracting both existing Web3 users and newcomers from Web 2. Emerging projects like Helium and Destra.network are disrupting traditional infrastructure, while specialized blockchains like Peaq and IoTeX cater to unique network needs. Projects in sensor networks and energy storage solutions are also on the rise, with Daylight and EC3 leading the charge. Established players like Filecoin and Arweave are poised to benefit from the growing demand. The report emphasizes the significant impact DePINs can have on real-world infrastructure across various sectors.

Buy Now at

Related News

DeepLink Native Token_Exclusive Summary ($DLC Token) cover
a day ago
DeepLink Native Token_Exclusive Summary ($DLC Token)
Overview DeepLink Protocol is a decentralized cloud gaming platform that leverages the power of AI, blockchain technology, and GPU computing to offer an innovative gaming experience. The native token of this ecosystem, known as the DLC Token, plays a central role in facilitating transactions, incentivizing participants, and ensuring the platform's operational efficiency. Key Features and Utility of DLC Token Payment for Services DLC Tokens are used to pay for cloud gaming services. Users can rent GPU resources to play high-performance games on devices without the need for expensive hardware. The token also facilitates payments for accessing gaming resources from both data center servers and individual users' computers. Incentivization GPU Providers: Individuals or data centers who provide GPU computing power are rewarded with DLC tokens. This includes rewards for participating in network computing power competitions like the Orion GPU Race, where miners can earn from a large pool of DLC tokens for contributing to the network's infrastructure. Node Owners: Owning DeepLink nodes, which are distributed in form of NFTs, entitles users to bandwidth, GPU mining and airdrops of DLC tokens. Nodes are sold in tiers, with prices ranging from $30 to $155 and 30,000 airdrops per node. Owning a node helps in decentralizing the network by providing computational resources. Tokenomics Total Supply: The total supply of DLC tokens is set at 100 billion, with allocations for various purposes including mining rewards, community airdrops, and ecosystem development. Deflationary Mechanism: A significant part of the DLC tokens used for transactions, especially those related toGPU rentals, are burned, creating a deflationary pressure on the token supply, which will increase its value over time. Airdrops and Rewards Airdrops: DeepLink has conducted airdrops with several major exchanges like Binance, Bybit, OKX and other ecosystem partners. DeepLink will also conduct airdrops for holders of DBC Tokens on the DeepBrain Chain, converting DBC to DLC at a 1:1 ratio under specific conditions. Mining Rewards: There are structured rewards for CPU traffic mining and GPU mining, with a 20% of the total token supply dedicated to these activities. Ecosystem Engagement DLC tokens are used within the platform's NFT marketplace for purchasing NFTs linked to premium gaming features, cloud internet café services, and other exclusive benefits. The token is integral to the platform's strategy for expanding its user base and enhancing user engagement through various promotional events and partnerships. Market and Adoption The DLC token will be listed on various exchanges for trading, where live price feeds will be available. DeepLink has aimed at broadening its reach through strategic partnerships by offering competitive rewards for network participation. Conclusion DeepLink Protocol's DLC token is designed to be the backbone of a decentralized, high-performance cloud gaming ecosystem, integrating AI and blockchain for enhanced gaming experiences. Its utility extends from being a payment method to incentivizing network growth and participation, with a deflationary model potentially adding value over time. The project appears to be actively engaging its community through various token allocation, node sales and competition reward strategies.
GRASS Cryptocurrency: Transforming Unused Bandwidth into Profit cover
a day ago
GRASS Cryptocurrency: Transforming Unused Bandwidth into Profit
GRASS, a new cryptocurrency, is revolutionizing the way we perceive and utilize unused Internet bandwidth. Operating within the framework of the Decentralized Physical Infrastructure Network (DePIN), GRASS allows users to become digital landlords, sharing their surplus bandwidth with businesses that require enhanced digital capacity for tasks such as AI training and market research. This innovative model not only transforms dormant digital resources into profitable assets but also creates a win-win ecosystem where both users and enterprises can benefit. Security is a top priority, with robust measures in place to protect personal data, certified by leading antivirus companies to ensure network integrity. As GRASS grows, it faces potential regulatory challenges that could impact its operations and the broader decentralized model. The initiative represents a significant shift in connectivity and commerce, suggesting a future where the underutilized bandwidth of everyday users contributes meaningfully to the digital economy. By effectively monetizing idle Internet resources, GRASS is poised to redefine how individuals engage with Internet services, turning them into key players in this emerging financial landscape. The cryptocurrency market is expected to grow significantly, and infrastructure-based cryptocurrencies like GRASS are likely to see even faster growth due to their practical utility. In conclusion, GRASS not only offers a passive income stream for users but also promotes sustainability by utilizing existing Internet resources. While the model presents exciting opportunities, it is not without its challenges, particularly concerning regulatory frameworks and data privacy. As the market evolves, GRASS may pave the way for a new era of decentralized applications and Internet infrastructure, encouraging users to explore this innovative financial model while remaining informed about potential risks and security measures.
DePIN Union Partners with SOLPEN to Enhance Decentralized Infrastructure on Solana cover
a day ago
DePIN Union Partners with SOLPEN to Enhance Decentralized Infrastructure on Solana
DePIN Union, a decentralized physical infrastructure ecosystem, has recently announced a strategic partnership with SOLPEN, an innovative platform that integrates artificial intelligence (AI) with decentralized physical infrastructures (DePINs) on the Solana blockchain. This collaboration aims to enhance the decentralized infrastructure of Solana while focusing on the development of scalable, efficient, and intelligent solutions across various sectors, including lifestyle and health. By leveraging Solana's high-throughput and low-latency capabilities, the partnership seeks to redefine how decentralized technologies can interact with AI and IoT, creating a robust ecosystem that enhances user experience. The partnership between DePIN Union and SOLPEN is set to challenge the limitations associated with centralized systems. SOLPEN's unique approach combines AI with IoT, allowing for a seamless integration that empowers users to gain real-time insights and make informed decisions. This synergy not only promotes smart decision-making but also fosters an environment where technology can be seamlessly integrated into everyday life. With Solana's low-latency network, applications developed within this ecosystem are expected to deliver rapid response times, further enhancing the overall user experience. This collaboration marks a significant step towards realizing a decentralized physical infrastructure that minimizes reliance on traditional centralized platforms. By combining their expertise in AI and blockchain technologies, DePIN Union and SOLPEN are poised to develop state-of-the-art solutions that provide unparalleled accessibility and scalability. As they move forward, users can anticipate a transformative impact on how decentralized technologies are utilized across various contexts, paving the way for a more interconnected and efficient future.
Streamr's Vision for 2025: A Decentralized Future cover
a day ago
Streamr's Vision for 2025: A Decentralized Future
As we approach 2025, Streamr is set to undergo a significant transformation, evolving from a background infrastructure provider to an open platform for freedom technology applications. This shift aims to leverage the decentralized data network, allowing Streamr applications to coexist within a broader ecosystem that enhances network effects for all participants. The focus is on creating a community-owned network that prioritizes data sovereignty, offering a stark contrast to the monopolistic platforms that dominate the digital landscape today. Streamr envisions a future where freedom tech is not just a niche but a fundamental aspect of the free Internet, positioning itself as the nervous system of this new paradigm. One of the standout features of Streamr's evolution is the introduction of StreamrTV, a pioneering consumer-facing web application that will enable users to broadcast live video through a fully decentralized data network. This initiative is set to launch in the first half of 2025 and represents a significant milestone in demonstrating the capabilities of decentralized freedom technology. Unlike traditional applications, Streamr apps will rely on the Streamr Network for their core functionalities, emphasizing real-time communication and live streaming as foundational elements. This approach not only showcases the potential of decentralized applications but also aims to provide seamless, real-world experiences for users. The role of the DATA token is also evolving within the Streamr ecosystem, serving as a utility token that powers decentralized data streaming and project governance. Users can stake DATA to discover content, access premium features, and contribute to network effects while earning tokens in the process. This dual approach to value capture at both the protocol and application levels ensures that incentives are aligned among node operators, developers, and the broader community. As Streamr prepares for a year of bold moves and ambitious goals, it invites everyone to participate in shaping the future of decentralized streaming, highlighting the importance of community engagement in this transformative journey.
Decentralizing Infrastructure: The Rise of DePINs cover
a day ago
Decentralizing Infrastructure: The Rise of DePINs
Decentralized Physical Infrastructure Networks (DePINs) are revolutionizing the management of both digital and physical infrastructure by enabling individuals to contribute and monetize various resources, such as wireless coverage, mapping data, GPS positioning, and IoT device data. This innovative approach leverages blockchain technology and cryptoeconomic incentives, allowing participants to earn rewards for their contributions. The article highlights four key projects within the DePIN space: Helium, Hivemapper, GEODNET, and AYDO, each focusing on different aspects of decentralized infrastructure, including wireless communication, mapping, positioning, and IoT data-sharing. While all these projects share the DePIN framework, their participation models and hardware requirements vary significantly. Helium allows users to deploy hotspots for decentralized wireless networks, while Hivemapper incentivizes the installation of dashcams for real-time mapping data. GEODNET enhances GPS accuracy through rooftop satellite miners, and AYDO stands out by enabling users to connect existing IoT devices to blockchain networks without the need for proprietary hardware. This flexibility positions AYDO as a unique player in the DePIN landscape, catering to a broader audience by supporting widely used IoT protocols. Despite the promise of DePINs, several challenges remain. Issues such as hardware accessibility, market demand for data, security, and regulatory uncertainty could hinder the widespread adoption of these models. The success of IoT-focused DePINs will depend on their ability to ensure interoperability, economic sustainability, and compliance with privacy regulations. As the DePIN ecosystem continues to evolve, it is evident that different models may cater to various sectors, offering a compelling alternative to traditional corporate-controlled infrastructure, while empowering individuals with greater control over their contributions and rewards.
Teneo Protocol Secures $3 Million Funding to Democratize Social Media Data Access cover
2 days ago
Teneo Protocol Secures $3 Million Funding to Democratize Social Media Data Access
Teneo Protocol, a decentralized protocol aimed at democratizing access to social media data, has successfully secured $3 million in seed funding. This funding round was led by notable venture capital firms RockawayX and Borderless, with additional participation from Generative Ventures and others. The investment will support Teneo's mission to transform the data economy by incentivizing users to unlock public social media data. With a growing global network of several million users, Teneo is poised to make significant strides in facilitating access to valuable data resources that are increasingly restricted by major social media platforms. The challenge of accessing social media data has intensified as platforms like Reddit begin to charge businesses for data access, creating barriers that could stifle innovation in artificial intelligence (AI) and other sectors. Teneo aims to address this issue through its Community Node, a Web3 browser extension that allows users to collect public posts from platforms such as X (formerly Twitter) and Reddit. Users are rewarded with Teneo Points for their contributions, which can later be converted into Teneo Tokens once the network's native token is launched. This initiative not only enhances data accessibility but also opens new avenues for industries that rely on real-time social data, including AI, finance, and marketing. The Teneo Community Node has already gained traction, boasting over 3.9 million users across 191 countries, with more than 1.1 million users connecting their digital wallets to the platform. Investors express enthusiasm for Teneo's potential to reshape the data landscape, emphasizing the importance of decentralized solutions in the evolving data economy. As Teneo continues to develop its platform, it aims to empower individuals by returning data ownership to the people, fostering a community-driven approach to data utilization and innovation in the digital age.
Signup for latest DePIN news and updates