Roam's DePIN Project Sees Rapid Expansion in Decentralized WiFi Network Nodes
Monday, September 9, 2024 9:03 AM
2,878
Roam’s decentralized WiFi network, DePIN, has experienced rapid growth in the number of nodes, surpassing 569,463 within just 12 days from reaching 500,000 on August 28. The total check-ins have exceeded 22.7 million, with over 600,000 registered users on the Roma app. Roam offers enterprise-grade WiFi services globally, making it a significant player in the decentralized WiFi network space.
Related News
21 hours ago
Crust Network Enhances Ecosystem with Wallet Update and Strategic CollaborationsCrust Network has recently made significant strides in enhancing its ecosystem, particularly with the update of the Crust Wallet plugin to support the latest version of the Chrome browser. This upgrade not only improves compatibility and resolves user-reported issues but also enhances the overall user experience by providing smoother interactions and increased security. Users can now manage their accounts, sign transactions, and perform storage operations more efficiently. Additionally, the Crust community is encouraged to explore other wallet tools like Subwallet and Talisman, which offer unique features and support for the Crust Mainnet and Parachain.
In terms of technical advancements, the EIP-5625 proposal has reached its final stage, indicating that Crust will soon implement features aimed at optimizing on-chain storage interactions while enhancing security measures. The Crust development team is actively monitoring this proposal's implementation to ensure seamless access for users to Ethereum's enhanced storage ecosystem. Furthermore, the Crust Bags project has received approval under the Ton Grant, with initial feedback summarizing optimization aspects and plans for market-side collaboration and promotion in the pipeline.
Crust Network is also expanding its ecosystem through collaborations with various projects, including the acceptance of the ERC-5625 proposal by Ethereum, which enhances NFT metadata storage capabilities. The network is committed to driving innovation and growth, as evidenced by its participation in community events and partnerships. Notably, Crust hosted discussions on decentralized storage solutions and participated in the first official Polkadot meetup in Tokyo. As the network looks towards 2025, it aims to continue fostering collaboration and advancing decentralized storage solutions, ensuring a brighter future for its ecosystem.
21 hours ago
Roam Launches Innovative Loan Program to Expand Decentralized Wireless NetworkRoam, a pioneer in decentralized wireless networks, has announced a partnership with Huma Finance to introduce the Roam Loan Program. This innovative initiative aims to reduce entry barriers for users and facilitate the growth of Roam's decentralized wireless network. The program allows users to acquire high-performance Roam routers with a 30% down payment in stablecoins, while Huma Finance finances the remaining 70%. As part of Roam Growth, the Loan Program enables users to earn rewards through network participation, with loan repayments made via airdrops and mining rewards, ensuring that users benefit from their router earnings once the loan is settled.
The Roam Loan Program is designed to empower users by transforming them into active contributors within the Roam ecosystem. Utilizing Web3 technologies such as decentralized identifiers and verifiable credentials, Roam prioritizes user privacy while incentivizing engagement. Participants in the program can enjoy daily rewards, access to an exclusive burning pool that enhances the value of the $ROAM token, and airdrop opportunities from early purchases. The Rainier MAX60 router, which is part of this initiative, features advanced Wi-Fi 6 technology and offers exceptional performance, further encouraging users to join the decentralized network.
With the successful launch of the Roam Loan Program, Roam is making significant strides towards building a decentralized open wireless network. The overwhelming demand for the first batch of routers reflects a growing interest in decentralized connectivity solutions. Currently, Roam boasts nearly 2 million registered users and over 1.1 million self-built Wi-Fi nodes, showcasing its rapid expansion. As Roam continues to grow and forge strategic partnerships, it is well-positioned to play a crucial role in the future of Web3 telecom, allowing users to earn passive income while contributing to the evolution of global connectivity.
2 days ago
Solana's Seeker Phone and Innovations Set to Transform Blockchain LandscapeSolana is gearing up for a transformative year with the anticipated launch of its Seeker phone, priced at $500. This mobile device, the second offering from Solana Mobile, has already garnered an impressive 145,000 pre-orders. Set to launch in mid-2025, the Seeker phone not only enhances the hardware landscape but also integrates lucrative token airdrops, which are expected to attract more users to Solana's decentralized app (dApp) ecosystem. This initiative reflects Solana's commitment to expanding its reach and utility in the blockchain space.
In addition to the Seeker phone, Solana is also introducing the Firedancer client, developed by Jump Crypto. This validator software aims to enhance the scalability and performance of the Solana network. Although currently operating in non-voting mode, its full activation is highly anticipated among investors. Furthermore, the decentralized physical infrastructure networks (DePINs) are gaining traction, with DAWN, a decentralized internet service provider, planning to launch its mainnet in 2025. This could potentially reignite interest in DePINs, which have seen fluctuating enthusiasm in the past.
The innovation does not stop there, as Solana is also venturing into the fitness technology sector. The Pulse fitness bracelet, linked to the Solana network, is set for release in Q1, while the second generation of Cudis’ Solana smart ring has begun shipping. These developments underscore Solana's strategy to merge blockchain technology with real-world applications. Additionally, Jito's upcoming restaking platform is expected to redefine staking within the Solana network, further attracting validators and liquidity providers. With such diverse offerings on the horizon, 2025 is poised to be a pivotal year for Solana's growth and influence in the blockchain industry.
2 days ago
DIMO and CoinFund to Host DePIN Event in New YorkDIMO is set to host an event in collaboration with CoinFund on January 15th in New York, focusing on DePIN insights and builder demonstrations. This gathering aims to bring together enthusiasts and developers in the decentralized physical infrastructure network (DePIN) space. The event will run from 6 PM to 8 PM EST and promises to be an engaging evening filled with valuable insights and networking opportunities. Attendees are encouraged to RSVP to secure their spot for this exciting occasion, as highlighted in DIMO's official announcement on social media.
DIMO operates as an open vehicle connectivity platform that allows car owners to connect their vehicles, manage their data, and potentially monetize this information. The platform is built on the Ethereum Virtual Machine, utilizing blockchain technology to create secure identities for users and vehicles through NFTs and smart contracts. DIMO emphasizes transparency and trust by leveraging open-source components, which enhances confidence among users and developers in the connected services and devices ecosystem.
The DIMO token plays a crucial role within the ecosystem, serving as the primary medium of exchange and incentive. Vehicle owners can earn tokens by sharing their data or utilizing specific services, which encourages active participation. This tokenized model not only fosters innovation among developers but also promotes the creation of cost-effective solutions and new application categories in the vehicle data sector. As DIMO continues to grow, it aims to revolutionize the way vehicle data is managed and monetized, benefiting both users and developers alike.
3 days ago
Filecoin Surges Amid Positive Market Trends and Strategic PartnershipsThe global cryptocurrency market has shown positive momentum as Bitcoin (BTC) aims to reclaim the significant $100,000 threshold. Among the notable gainers is Filecoin (FIL), which has experienced a substantial increase following a week of market turbulence. The total market capitalization of digital assets has seen a slight rise, now standing at approximately $3.51 trillion. Filecoin's price surged by 12% within 24 hours, primarily driven by a major announcement from Bithumb, South Korea's leading cryptocurrency exchange. This excitement has also led to a 20% increase in FIL futures open interest.
Bithumb's announcement on January 6 regarding the listing of Filecoin in the KRW market set an initial reference price of 8,680 KRW, along with guidelines for safe trading. As a result, FIL's price reached $6.23, marking a 21% increase over the past week despite a 23% decline in the previous month. The trading volume for FIL spiked by 180%, totaling $524 million. Furthermore, futures trading for Filecoin has seen a remarkable increase, with CoinGlass reporting a 200% rise in futures volume to $712 million and a 20% increase in open interest.
In addition to its market performance, Filecoin has been recognized by Messari as a leader in the Decentralized Physical Infrastructure Networks (DePIN) category for 2024. The report highlights a significant rise in storage utilization, climbing from 18% in Q4 2023 to nearly 30% by Q3 2024. Filecoin has also introduced the Filecoin Web Services (FWS) framework and implemented upgrades to enhance scalability and efficiency. Notably, the Filecoin Fast Finality (F3) upgrade drastically reduces transaction finality times, enhancing the overall user experience. Collaborations with SingularityNET and Theoriq AI further position Filecoin as a key player in decentralized AI infrastructure, paving the way for new applications and expanding its ecosystem.
4 days ago
Titan Network's Transformative Year: Milestones and Innovations in 20242024 has been a transformative year for the Titan Network, characterized by significant testnet launches, global events, and a rapidly expanding community across over 130 countries. The year kicked off with the Huygens Testnet, which ran from March 11 to April 22, achieving remarkable milestones such as 129,629 nodes and 642 TB of storage provisioned. This testnet aimed to enhance decentralized computing and storage, introducing points-based incentives for users to contribute idle resources, optimizing scheduling systems, and deploying smart contracts to improve transparency and trust within the network. Following this, the Herschel Testnet showcased further advancements, including the integration of WASM/JS environments and a Titan Test Chain based on the Cosmos SDK, which significantly broadened Titan's commercial capabilities.
The Cassini Testnet, launched on June 28, 2024, continued the legacy of exploration, introducing a Layer 1 public chain utilizing a DPoS consensus mechanism. This testnet aimed to enhance user engagement through new wallet functions and a rental-based incentive model for nodes. Throughout the year, Titan Network participated in numerous global events, including the Web3 Summit in Dubai and the Singapore FinTech Festival, where they received the Silver Partner Award for contributions to Web3 innovation. These events provided platforms for Titan to showcase its decentralized infrastructure solutions and engage with industry leaders, further solidifying its presence in the blockchain space.
As the year concludes, Titan Network has made significant strides in decentralized infrastructure, launching a mobile application and enhancing Titan Storage. The successful seed round fundraising led by Arrington Capital has fueled further innovations, while strategic partnerships with organizations like SFT Protocol and Filecoin Station have strengthened its ecosystem. Looking ahead, Titan Network is poised to continue its mission of building a more inclusive Web3 ecosystem, with gratitude to all participants who contributed to its journey in 2024. The future looks promising as Titan Network aims to push the boundaries of decentralized technology even further.
Signup for latest DePIN news and updates