4EVERLAND's Bi-Weekly Report: Advancements in Decentralized Web3 Computing

IoTeX, a leader in Decentralized Physical Infrastructure Networks (DePIN), has announced that its Head of Ecosystem, Larry Pang, has been elected as co-chair of the DePIN Working Group within the Blockchain Association. This group, co-chaired by Jacob Hample from Filecoin, is part of a new initiative comprising 23 working groups aimed at fostering collaboration and addressing policy priorities in the rapidly evolving U.S. crypto and blockchain landscape. The Blockchain Association serves as a prominent nonprofit organization advocating for a pro-innovation policy environment for the digital asset economy, with over 100 members including key investors and companies in the sector. Larry Pang's appointment as co-chair underscores IoTeX's commitment to actively participating in the Blockchain Association since its entry last December. His leadership role is expected to enhance the company's influence in shaping regulatory frameworks that will support the growth of DePIN projects in the U.S. market. Pang expressed his honor in being elected and emphasized the importance of fostering industry standards to accelerate the real-world adoption of DePIN technologies, ensuring that the United States remains a leader in this innovative field. Raullen Chai, Co-Founder and CEO of IoTeX, praised Pang's appointment, highlighting its significance in connecting the physical and digital realms through blockchain technology. As the industry continues to mature, having strong advocates for regulatory frameworks governing decentralized infrastructure is crucial. This development marks a pivotal moment for both IoTeX and the broader blockchain ecosystem, as they work towards advancing policies that will facilitate the success of decentralized physical infrastructure networks in the U.S.

On January 24th at 6 PM (UTC+8), Roam will officially launch its "Pilot Burning Pool," allowing users to exchange $ROAM tokens by burning Roam Points. This initiative coincides with the Spring Festival and aims to familiarize users with the burning pool mechanism while maximizing the benefits of Roam Points. Users can contribute a minimum of 500 Roam Points and select a burning period. The burning pool features a dynamic conversion rate that varies based on the total burned points and the number of tokens generated during specific time frames, encouraging users to choose optimal burning timings for better returns. After the Token Generation Event (TGE), users can claim their generated $ROAM tokens in their personal Roam wallets. The burning pools consist of three distinct categories: the General "Burning" Pool, which is open to all Roam users for a straightforward participation experience; the Miner "Burning" Pool, tailored for Roam router holders, offering a higher exclusive conversion rate; and the Sticker "Burning" Pool, specifically for Roam Sticker holders, where the burnable points are determined by the number and rarity of their Stickers. Notably, burned Roam Points will be permanently destroyed, while users can earn points through various activities such as adding WiFi nodes, checking in, and inviting friends. Additionally, miner users can enhance their points through mining activities and deploying routers. Roam has seen significant growth, with over 2.5 million registered users across more than 200 countries and regions, and boasts over 1.5 million self-built WiFi nodes. According to the Messari 2024 DePIN report, Roam ranks among the top five DePIN projects globally, with over a million active nodes, maintaining its position as the leader in the DePINscan hardware node rankings. ChainCatcher advises readers to approach blockchain developments with a rational mindset, enhance their risk awareness, and exercise caution regarding virtual token issuances and speculative activities.

Bybit has announced the upcoming listing of Network3 (N3) on its Spot trading platform, with a timeline set for deposits, trading, and withdrawals. N3 deposits will open on January 21, 2025, at 10 AM UTC, followed by the listing on January 22, 2025, at 8 AM UTC. Withdrawals will commence on January 23, 2025, at 10 AM UTC. Users will be able to trade N3 via Spot Grid Bots, and deposits and withdrawals will be facilitated through the Solana network, enhancing the trading experience for users. To celebrate the listing, Bybit is hosting two special events aimed at rewarding users. The first event, titled "Token Splash - New User Exclusive," runs from January 21 to February 5, 2025. New users who register and complete identity verification can earn from a prize pool of 2,800,000 N3 by depositing at least 2,000 N3 or trading 100 USDT worth of N3. The first 4,666 new users to meet these criteria will each receive 600 N3. The second event, also called "Token Splash," invites users to trade at least 200 USDT worth of N3 during the same period to share in a 1,200,000 N3 prize pool, with rewards capped at 16,000 N3 per user. Network3 is a pioneering technology focused on creating a decentralized edge AI infrastructure. It utilizes advanced technologies such as AI model optimization, federated learning, and edge computing to support global AI developers in enhancing their model inference and training processes. With over 570,000 active nodes across 188 countries and a download volume exceeding 50 million, Network3 is positioned as a leader in building a fair and efficient AI ecosystem. The upcoming listing on Bybit marks a significant milestone for both the platform and the N3 project, promising exciting opportunities for traders and investors alike.

Chirp, a decentralized physical infrastructure network (DePIN) built on the Sui blockchain, has officially launched its $CHIRP token on three prominent centralized exchanges: KuCoin, Gate.io, and MEXC Exchange. This launch comes after the successful Initial DEX Offering (IDO) for the Sui DePIN infrastructure layer, which aims to support the development and operation of decentralized physical infrastructure networks. With nearly 1 million users, Chirp is positioning itself as a leader in the rapidly growing DePIN space, connecting various Internet of Things (IoT) devices through blockchain technology. Tim Kravchunovsky, the CEO and founder of Chirp, expressed pride in the project’s progress, highlighting the choice of Sui as the foundational blockchain even before its testnet launch. He emphasized that the newly launched Sui DePIN infrastructure layer is ideal for a decentralized IoT and telecommunications project like Chirp. The $CHIRP token is integral to Chirp's ecosystem, incentivizing Keepers—operators of Chirp's antennas—to maintain their devices and support the network. Additionally, the token serves as a payment method for network usage and functions as a governance token within Chirp's voting system. Furthermore, the $CHIRP token is utilized in Kage, a play-to-earn (P2E) game launched by Chirp that encourages players to detect wireless networks using their smartphones. Since its debut in November 2024, Kage has attracted nearly 1 million players who have scanned over 850 million wireless networks worldwide. The geolocation data collected through this game is valuable across various industries, enabling applications such as indoor navigation and low-power geopositioning in challenging environments. Chirp's dual approach—combining a DePIN with a robust IoT platform—aims to create a sustainable ecosystem that empowers communities while delivering advanced IoT solutions.

Network3 is revolutionizing the decentralized Edge AI landscape by providing a robust infrastructure that empowers AI developers worldwide. This innovative platform leverages advanced technologies such as AI model optimization, federated learning, edge computing, and confidential computing to facilitate rapid and efficient model inference, training, and validation at scale. By moving beyond the constraints of centralized AI systems, Network3 is committed to creating a more equitable, efficient, and democratic AI ecosystem that benefits all stakeholders involved. Built on the IoTeX blockchain, Network3 utilizes IoTeX's DePIN modular infrastructure, which includes ioID and data verification modules, to ensure secure and transparent decentralized applications. This integration not only enhances the reliability of data exchange but also supports the growth of the DePIN ecosystem. Additionally, the introduction of the N3 Edge V1 mining machine allows participants to engage in $IOTX dual-mining, thereby expanding the network's global node user base. This collaboration with IoTeX provides a scalable and secure Edge AI solution, enabling developers to innovate confidently while maintaining data integrity. The highly anticipated $N3 token will be launched on January 22 at 8:00 AM (UTC) during its Token Generation Event (TGE). The smart contract for the $N3 token will be deployed on Ethereum, with simultaneous launches on IoTeX and Solana chains to enhance accessibility and scalability. This multi-chain strategy promotes interoperability, allowing users from different ecosystems to connect and contribute to Network3's growth. To celebrate this launch, Network3 is also conducting a community airdrop of 50 million $N3 tokens, aimed at rewarding early supporters and encouraging active participation within the ecosystem.

Filecoin (FIL) has recently shown signs of a potential bullish reversal after breaking out of a falling wedge pattern on the 8-hour chart. At the time of writing, FIL was priced at $5.40, down 7.37%, raising questions about the sustainability of this bullish move. The immediate resistance level is set at $6.059, which must be breached for further gains. On the downside, a solid support level at $4.774 could prevent a deeper correction, but the market's overall sentiment remains cautious as traders exhibit hesitation following the breakout. The funding rates on Binance for FIL are slightly positive at 0.01%, indicating a marginally bullish sentiment among traders. However, the lack of significant spikes in funding rates suggests a general absence of conviction in the market. For FIL to experience a meaningful rally, these funding rates need to increase, reflecting a rise in demand. Additionally, the social metrics for FIL are surprisingly low, with only 8 mentions recorded, indicating limited engagement from retail traders. This lack of social activity could hinder the potential for a market rally, as broader community interest is often necessary for sustained momentum. Technical indicators present a mixed outlook for Filecoin. The DMI shows a slight bearish dominance, while the ADX indicates a weak trend. Furthermore, the RSI is at 49.05, suggesting neutral momentum. The recent decline in Open Interest by 5.79% to $324.7M signals reduced market activity and a lack of confidence among traders. For FIL to maintain its bullish trajectory, it will need to breach the critical resistance level, improve social metrics, and see a rise in funding rates and Open Interest. Without these factors, sustaining upward momentum may prove challenging.