Latest DePIN News

Exabits, a crypto-AI startup focusing on tokenizing GPUs, has successfully raised $15 million in a seed funding round led by Hack VC. This funding round has propelled Exabits' valuation to $150 million. The startup, co-founded by Dr. Hoansoo Lee, initiated fundraising in July and concluded the round in October. While the specific investors beyond Hack VC remain undisclosed, Lee mentioned that a token launch is on the horizon. With this seed funding, Exabits has accumulated a total of $20 million in funding, building upon previous rounds earlier this year. Exabits' primary objective is to decentralize computing by tokenizing GPUs, which it considers as 'the currency of the digital age.' Lee emphasized the exponential growth potential of GPU compute performance compared to traditional assets like bitcoin and gold. The startup's unique GPU tokenization model aims to provide direct exposure to GPU compute assets, fostering a liquid market, revenue generation, and rewards for token holders. Despite the token not being launched yet, Exabits has witnessed substantial revenue growth, with a 300% quarterly increase on average, amounting to $10 million in annual recurring revenue (ARR).

Network3, a pioneering technology platform, has made significant strides in the realm of AI Layer2 solutions, enabling developers globally to efficiently infer, train, and validate models. Recent analysis by Depinscan, an extensive DePIN intelligence platform powered by IoTex, has revealed that Network3 miners have achieved a remarkable milestone with a payback period of just 71 days. This achievement positions Network3 at the forefront of the industry in terms of both payback period and daily revenue, underscoring its investment potential. A shorter payback period is crucial for investors as it indicates a quicker return on investment, making Network3 an attractive option for those looking to capitalize on emerging technologies. The success of Network3 can be attributed to its robust infrastructural network, which boasts over 555,000 nodes and has delivered 2 Petabytes of network service across more than 185 countries. This extensive reach has resulted in 97,000 active sessions daily and monthly revenues exceeding $100,000. By supporting the evolution of AI, Network3 empowers developers with tools for model optimization, federated learning, edge computing, and confidential computing. This dual focus on enhancing decentralized node efficiency while providing essential services for AI development positions Network3 as a leader in both technology and market viability. In addition to its technological advancements, Network3 has successfully secured $5.5 million in seed funding from prominent investors, including Borderless, EV3 Labs, and the IoTeX Eco Fund. With a growing community of over 252,000 followers on X, the platform is set to gain even more traction. As it continues to demonstrate its value in making AI more beneficial and efficient, Network3 is poised for rapid growth and increased investor interest in the future.

Helium (HNT) has recently captured market attention with a notable price surge of approximately 10% over the last 24 hours. This bullish momentum is further highlighted by a 12% increase in trading volume, indicating a significant uptick in investor interest. As the token approaches a critical resistance level at $9.5, market participants are keenly observing whether this rally can sustain its strength or if it will face a pullback. A successful breakout above this resistance could potentially lead Helium towards the psychological milestone of $10, while failure to breach this level may result in a downward correction. The daily chart for Helium shows a clear uptrend, supported by an ascending trendline that traces back to recent lows around $2.8. Currently, the price is nearing the $8.2 support level, which previously acted as resistance in an ascending triangle pattern. Additionally, data from Coinglass reveals a liquidation pool of 56.70K at the $8.3648 price level, indicating rising risks among over-leveraged traders. This scenario, coupled with increasing Open Interest (OI) trends, reflects growing confidence in Helium's price action, suggesting that traders are optimistic about the token's future performance. Broader market conditions have also been favorable, with Bitcoin's steady price providing a supportive backdrop for altcoins like Helium. As the token nears the pivotal $9.5 resistance level, it will require substantial buying pressure from bulls to maintain the uptrend. The market's reaction at this critical juncture will be crucial; a breakout could trigger a swift rally towards $10, while a rejection might push the price back to the support zone between $7.8 and $8. Overall, the current indicators suggest a potential bullish trend, but market participants remain cautious as they await further developments.

Bitcoin has officially reached a monumental milestone, hitting the $100,000 mark. This achievement is a testament to its evolution from a niche digital currency to a mainstream financial asset. In 2017, Bitcoin first crossed the $10,000 threshold, marking a significant moment for the cryptocurrency community. Back then, Bitcoin was often seen as a quirky alternative, primarily used for small purchases like pizzas. However, the journey since then has been nothing short of remarkable, characterized by extreme volatility and a growing belief in its potential as a store of value. The surge to $69,000 in 2021 was another pivotal moment, fueled by a mix of institutional investment and retail enthusiasm. This unprecedented price jump was likened to a rocket launch, showcasing the growing acceptance of Bitcoin as a legitimate asset class. Factors such as institutional recognition and social media influence played crucial roles in this ascent. Yet, the cryptocurrency market is notorious for its fluctuations, and Bitcoin's price corrections serve as a reminder of the inherent risks involved in trading digital currencies. As we look towards 2024, the political landscape, particularly the upcoming U.S. elections, is influencing Bitcoin's trajectory. Amidst political uncertainty, many investors are turning to Bitcoin as a hedge against potential economic instability. Its decentralized nature and limited supply position it as a viable alternative to traditional assets. While the future remains uncertain, Bitcoin's rise to $100,000 is a clear indication that it has cemented its place in the global financial system, making it a topic of serious discussion among investors and financial experts alike. This milestone is not the end but rather a new chapter in the ongoing cryptocurrency revolution.

Karrier One, a decentralized physical infrastructure network (DePIN) built on the Sui Network, has announced the global launch of its innovative WiFi Hotspot devices. This initiative allows individuals to contribute to a decentralized connectivity ecosystem by providing WiFi offloading services to various carriers, earning KONE tokens in return. This development marks a significant advancement in decentralized networks, integrating Web3 technology with practical applications that address the increasing demand for internet connectivity. As internet usage continues to rise, traditional networks are under pressure from high traffic volumes. Karrier One tackles this issue by introducing a decentralized WiFi offloading network powered by user-owned hotspot devices. Participants can offload data traffic from conventional carriers to the Karrier One Network, enhancing efficiency and reducing costs. The model is simple: device owners provide WiFi connectivity to mobile carriers and earn KONE tokens, creating an ecosystem where anyone can participate and benefit while contributing to a more efficient internet. The strategic partnership with Sui Network is crucial for Karrier One's mission, enabling the deployment of SCION Services, Walrus Nodes, and Validator Nodes on the Sui blockchain. This collaboration aims to leverage advanced blockchain technology to enhance network functionality and scalability. As Jameel Khalfan from Sui Foundation noted, this initiative not only adds capacity to traditional telecom providers but also empowers users in underserved areas to earn from their contributions. Karrier One’s vision of democratizing access to connectivity aligns with the broader objectives of Web3, redistributing value and control from centralized entities to the community, ultimately revolutionizing global connectivity.

In the evolving landscape of digital marketing, the tension between delivering personalized experiences and respecting user privacy is becoming increasingly pronounced. Marketers are often likened to oil drillers, eager to extract value from data but sometimes neglecting the ethical implications of their actions. The recent missteps by companies, such as Kaiser Permanente's accidental sharing of private health information affecting millions, highlight the urgent need for a shift towards privacy-first strategies. As consumers grow more cautious about their personal information, the challenge for marketers is to balance innovative data protection methods with business objectives. Web3 technology presents a transformative opportunity for marketers to rebuild trust with consumers by prioritizing privacy and consent. Traditional marketing practices, often perceived as intrusive, are losing their effectiveness as users demand transparency and control over their data. Issues such as data breaches and lack of user consent are driving customers away, leading to a loss of trust that can be devastating for brands. The Ticketmaster data breach serves as a stark reminder of the consequences of failing to protect user data, emphasizing the need for a new approach that respects user rights and fosters loyalty. iExec's R3ach tool exemplifies how marketers can navigate this complex landscape by implementing privacy-first strategies. By utilizing confidential computing technologies, R3ach enables secure communication with users without accessing their personal information. This innovative solution not only facilitates targeted marketing campaigns but also empowers users by allowing them to control their data-sharing choices. As brands embrace these privacy-centric practices, they can reclaim consumer trust and establish long-lasting relationships, ultimately positioning themselves for success in a privacy-conscious market.

The telecom industry is on the brink of a transformative era with the advent of 6G technology, which promises to redefine connectivity and innovation. The JOINER project, the UK’s first national accelerator program for 6G and beyond, aims to unite researchers, businesses, and government entities to address significant challenges in the telecom sector. By fostering collaboration and breaking down silos, JOINER creates a shared platform that facilitates resource sharing and the development of innovative solutions, ultimately driving the industry forward. A standout feature of the JOINER initiative is the implementation of Hypervisor as a Service (HaaS), based on Weaver Labs’ Cell-Stack software. This service introduces a layer of cloud automation that simplifies the management of complex Telco-Cloud platforms, such as Kubernetes and OpenStack. By enabling zero-touch deployment and management, HaaS allows researchers to concentrate on innovation without the burden of technical complexities associated with cloud infrastructure. This streamlined approach enhances collaboration and accelerates the development of new technologies, positioning the UK as a leader in telecom innovation. JOINER's mission extends beyond HaaS, as it aims to facilitate large-scale research, create shared telecom testbeds, and foster collaboration among various stakeholders. With plans to host experiments across multiple interconnected locations and deliver the UK’s first full-scale 6G demonstration by March 2025, JOINER is set to play a pivotal role in shaping the future of telecom. By training the next generation of professionals and strengthening the UK's leadership in global telecom standards, JOINER, supported by Weaver Labs, is paving the way for a smarter, more connected world powered by 6G and beyond.

The artificial intelligence (AI) sector is experiencing rapid growth, yet many companies still rely on centralized services like Amazon Web Services (AWS) for their cloud computing needs. This reliance can lead to high costs and potential outages. Wes Levitt, head of strategy at Theta Labs, argues that decentralized cloud computing offers a solution to these challenges. In a recent episode of The Agenda podcast, Levitt discussed how decentralization not only reduces costs but also enhances reliability and flexibility for users. He emphasized that by moving away from a few centralized points of failure, Theta Labs aims to democratize access to computing power, particularly in the AI and academic sectors. Theta Labs is the driving force behind the Theta Network, which positions itself as a decentralized cloud solution for AI, media, and entertainment. Levitt noted that while the company initially focused on media, it has seen a significant increase in AI-related clients, especially from academic institutions. He highlighted partnerships with top Korean universities and the University of Oregon, explaining that decentralized cloud services provide a cost-effective alternative for organizations that cannot afford AWS. This flexibility is crucial for academic institutions, which often need to scale their computing resources rapidly for research projects before conferences and then scale back down afterward. The decentralized AI niche has seen remarkable growth, with the market capitalization of AI and big data crypto projects skyrocketing from $16.17 billion in December 2023 to over $70 billion by December 2024. Despite this surge, Levitt clarified that the goal of Theta Network is not to eliminate AWS or other centralized cloud providers. He acknowledged that there will always be use cases for centralization, particularly for specific applications requiring focused resources. However, he remains optimistic about the potential for decentralized AI to compete with centralized solutions in the future, suggesting that as demand for decentralized services grows, they could become equally significant in the tech landscape.

Chia farmers are set to benefit from significant advancements in the blockchain's proof of space format, aimed at addressing energy consumption and security risks. The initial redesign has already made strides in enhancing security, making the network up to 1000 times more resistant to rental attacks while improving compression resistance. The latest updates promise even greater efficiency, reduced energy needs, and enhanced security, allowing farmers to utilize lightweight devices like the Raspberry Pi 5 to harvest vast amounts of space, with new plot sizes starting as small as 3 GiB. Key improvements include lower minimum specifications for harvesting, which make farming more accessible, and more efficient plotting processes that reduce memory requirements. The new format also significantly decreases the network's overall energy consumption without compromising security or compression resistance. Innovations such as the "frozen" quality string and the "chain of proofs" enhance compression resistance and minimize energy consumption during honest farming, ensuring that the network remains fair and sustainable. As the Chia network transitions to this new proof of space format, farmers can expect a more efficient and secure farming experience. The upcoming Chia Improvement Proposal (CHIP) will provide detailed specifications and technical insights into these changes, which are designed to optimize the proof of space format for real-world conditions. With these advancements, Chia aims to maintain its commitment to energy efficiency and security while expanding accessibility for farmers of all sizes.

In the evolving landscape of Web3, data ownership has emerged as a critical concern for developers and users alike. As decentralized applications (dApps) gain traction, questions surrounding who can access user data, how it is utilized, and whether users can reclaim control after sharing become paramount. The promise of Web3 is to empower users with control over their personal information, necessitating a shift in how developers approach data security and governance. iExec offers a suite of solutions designed to address these challenges, ensuring that users retain full control over their data even after it has been shared. Developers face several key challenges regarding data ownership, including security, control, and trust. Users often hesitate to engage with dApps due to concerns about unauthorized access to their data. iExec's tools, such as DataProtector, provide robust encryption for both data storage and sharing, allowing users to encrypt files before sharing them on decentralized platforms. Additionally, iExec's on-chain data tokenization system enables users to transform their information into digital assets, granting them the ability to grant or revoke access as needed. This ensures that users can share sensitive information, like medical records, while maintaining control over who can access it and for how long. Moreover, iExec's privacy-enhancing tools, such as Privacy Pass, empower Web3 users to monetize their personal data without sacrificing ownership or privacy. By allowing users to participate in targeted marketing campaigns while keeping their personal information confidential, iExec facilitates a secure environment for data monetization. The combination of blockchain technology and Trusted Execution Environments (TEEs) ensures that sensitive data remains protected during processing, allowing third-party applications to interact with encrypted datasets without ever accessing raw information. As developers navigate the complexities of data ownership in Web3, iExec provides the necessary tools to build trust and empower users in the decentralized ecosystem.