Web3Bay Surges as Filecoin Faces Price Volatility in Expanding Blockchain Ecosystem

In the latest quarterly report, io.net has demonstrated significant growth in revenue, achieving an impressive 82.6% increase, which brought its total revenue to $5.7 million. This surge in revenue is particularly noteworthy given the broader contraction in the cryptocurrency market, where the market cap of its IO token plummeted by 71.4% to $108 million, alongside a 74.9% drop in token price. Despite these challenges, io.net has successfully integrated with various AI and compute-focused platforms, including partnerships with Zerebro, KREA, and Injective, aimed at enhancing decentralized GPU compute capabilities for applications in AI and DeFi. The infrastructure of io.net, which is built on a decentralized network of GPUs and CPUs, allows for scalable access to compute resources, particularly for machine learning and AI applications. The platform supports a wide array of machine learning frameworks, ensuring flexibility and efficiency in resource allocation. However, the average daily verified compute resources have seen a decline, with verified GPUs and CPUs down 11.1% and 4.5% respectively. This reduction reflects ongoing supply-side challenges and a decrease in token incentives, which has impacted the overall activity within the network. Despite the mixed performance metrics, io.net has maintained a steady pace of development, with numerous collaborations aimed at expanding its ecosystem. The partnerships formed in Q1 2025, including those with Alpha Network and Mira Network, highlight io.net's commitment to enhancing decentralized AI infrastructure. As the project continues to refine its economic models and expand its network capabilities, it remains a key player in the evolving landscape of decentralized compute resources, even amid a challenging market environment.

Ben Goertzel, a pioneer in artificial intelligence, has been advocating for decentralized AI since he wrote his first line of code 30 years ago. As the world stands on the brink of achieving Artificial General Intelligence (AGI), Goertzel emphasizes the importance of decentralization in ensuring that this powerful technology benefits humanity rather than serving centralized powers. At the recent Consensus conference in Toronto, he expressed optimism that AGI could be launched within the next one to three years through his project, SingularityNET, which aims to create a global marketplace for AI services. The project has made significant strides, including partnerships with Mind Network and Filecoin Foundation, a $53 million investment in a modular supercomputer, and a token merger with Ocean Protocol and Fetch.ai. Goertzel's vision for decentralized AI is rooted in his early experiences with the internet, which he initially saw as a decentralized platform. However, he notes that the rise of tech giants like Google and Facebook has led to a more centralized internet, which undermines the foundational principles of decentralization. He argues that for AGI to be a force for good, it must be built on decentralized architecture from the outset. This philosophy is reflected in the design of SingularityNET, Hyperon, and the upcoming ASI Chain, which is tailored for decentralized AI applications. Goertzel believes that the trajectory of the post-AGI era will significantly differ based on the role of decentralized ecosystems in its development. In addition to his work in AI, Goertzel has a history of exploring decentralized money concepts dating back to the 90s. Although he and his peers initially dismissed the practicality of decentralized transactions due to concerns over speed and cost, the emergence of Bitcoin has validated some of his early ideas. He humorously reflects on the missed opportunities of that era, acknowledging that their lack of business acumen prevented them from envisioning the darker applications of decentralized money. Today, Goertzel's commitment to decentralized AI continues to gain traction, positioning him and his initiatives as key players in the evolving landscape of technology and governance.

In April, CUDOS Intercloud celebrated significant milestones and shared impressive metrics in its monthly update. The platform reported a record revenue of $204,505, alongside a remarkable 27% increase in GPU consumption, totaling over 300,000 hours. This growth reflects the rising demand for decentralized computing solutions, with more than 2 million GPU compute hours surpassed. CUDOS emphasized its commitment to transparency by providing real-time metrics on GPU capacity, VM deployment, user growth, and ecosystem spending, showcasing a clear distinction in cloud service delivery. A notable highlight was the six-month anniversary of CUDOS's partnership with the Artificial Superintelligence Alliance (ASI). During this period, CUDOS has served over 15 million GPU hours and welcomed more than 30,000 users. The collaboration aims to build a decentralized compute layer that supports AI development without centralized bottlenecks. Additionally, CUDOS introduced "One Click Computing," allowing users to deploy AI stacks effortlessly, eliminating the complexities traditionally associated with AI deployment. CUDOS also participated in the Ai2Peace initiative, focusing on using AI for global good. The platform's community rewards program concluded at the end of April, encouraging user engagement through referrals and feedback. Furthermore, CUDOS was represented at Paris Blockchain Week, where discussions highlighted the importance of permissionless compute access and the potential for blockchain to enhance AI's energy efficiency. As CUDOS continues to innovate and expand its offerings, it aims to foster a more sustainable and accessible computing environment for all users.

On May 21, 2025, IoTeX, a prominent Layer 1 blockchain designed for decentralized physical infrastructure networks (DePIN), officially launched its Staking Program on DePINscan. This unified staking interface aims to empower users by providing a simplified and trusted gateway to support and earn from innovative DePIN ecosystems. The program initially offers native staking support for Hivello and Functionland, both of which are incubated by IoTeX, along with integrated staking for other projects like Filecoin, Fluence, Swan, and Aethir, in partnership with technical collaborator Parasail. The launch of the staking program is a significant milestone as it aligns with the maturation of DePIN from a nascent concept to a fully developed industry. Qevan Guo, CTO and Co-Founder of IoTeX, emphasized that this initiative facilitates scalable user participation in real-world infrastructure projects. DePINscan is not merely a dashboard; it represents a gateway to the future of Web3 utility, providing visibility into over 100 projects and an ecosystem value exceeding $1 billion. With the introduction of native and cross-chain staking, token holders can now easily delegate to real-world networks, track rewards, and support aligned DePIN projects. The integration of high-profile projects like Filecoin and Aethir highlights IoTeX's commitment to fostering open collaboration and chain-agnostic support. All staking operations are secured by Parasail’s robust infrastructure, ensuring reliability and scalability for future partners. Dom Carosa, co-founder of Hivello, expressed enthusiasm about the staking program, noting it as a significant opportunity for users to engage with decentralized infrastructure intuitively and rewarding. IoTeX plans to continue onboarding new projects and providing extensive support through marketing, infrastructure tools, and cross-chain integrations, inviting developers and builders to join their staking program.

DIMO Network has officially launched its Vehicle Events API, a significant enhancement aimed at developers eager to create more responsive applications. This new API allows developers to set up webhooks, enabling real-time notifications based on specific vehicle conditions, such as odometer readings or speed limits. By minimizing the need for frequent API requests, this event-driven architecture opens up new possibilities for building intelligent, automated solutions within the DIMO ecosystem. The Vehicle Events API simplifies the process of creating and managing webhooks through a straightforward JSON-based configuration. Developers can define the service, data points to monitor, trigger conditions, and notification frequency. Subscribing vehicles to these events is made easy with a single request to the Subscribe All endpoint. Additionally, the DIMO Developer Console has been updated to provide a user-friendly interface for configuring webhooks, making it accessible for both developers and managers. With support for real-time alerts and plans for daily notifications, the Vehicle Events API is set to revolutionize how developers interact with DIMO vehicles. Updates to the Data SDKs in TypeScript, Python, and C# will further enhance the experience, allowing for more programmatic subscription methods. As DIMO encourages developers to explore the API, they anticipate innovative applications that leverage these new capabilities, marking a transformative step in the automotive tech landscape. More detailed insights into the Vehicle Events API will be shared soon on the DIMO Blog and through their monthly newsletter.

DeCloud Labs has announced a significant shift in its focus from StackOS to StackAI, marking the end of support for the former and the beginning of a new chapter aimed at enhancing AI agents. After extensive discussions within the community, the company has decided to permanently close the migration process from StackOS to the new STKAI token on Solana. This decision comes in light of ongoing security concerns related to cross-chain bridges, particularly following the PolyNetwork hack, which prompted a reevaluation of their operational strategies. The migration period has provided StackOS token holders ample opportunity to convert their tokens, but the time has come to finalize this transition. The proposal outlines the closure of bridge-based migrations and the establishment of a fixed supply of STKAI tokens, which aims to eliminate confusion surrounding token mintability. As of May 30, 2025, any unconverted STACKAI tokens will be airdropped as STKAI on Solana for those who opened support tickets prior to this date. However, any unclaimed tokens will be considered burned, thereby permanently removing them from circulation. This final step is intended to secure the integrity of the token supply and enhance clarity for both new and existing investors regarding the tokenomics of STKAI. In conclusion, the DAO proposal emphasizes the importance of community engagement, allowing token holders to choose between remaining with StackOS or transitioning fully to StackAI. DeCloud Labs is committed to the development of StackAI moving forward, while also offering support to those interested in continuing the StackOS project. The final voting will take place across three instances to ensure all community members have the opportunity to participate, with the results communicated transparently to the community. This strategic move not only secures the future of STKAI but also addresses the pressing security risks associated with bridge infrastructures.