Latest DePIN AI News

APhone, a decentralized cloud-based smartphone, is set to challenge the dominance of Apple and Google with the launch of its AppNest store, which will not charge developers any fees. The store will support both decentralized applications (dApps) and traditional web2 apps, offering an alternative to the steep fees charged by the tech giants. APhone's chief business officer, William Paul Peckham, stated that the goal is to democratize technology access and provide a full Web3 experience to users worldwide. The AppNest store will support popular web3 apps like MetaMask, Phantom, and Binance, as well as web2 apps such as WhatsApp, Facebook, Instagram, and ChatGPT. The store is exclusively available through the APhone app. APhone is powered by Aethir, a decentralized physical infrastructure network (DePIN) provider, which allows the smartphone to run both advanced Web3 applications and conventional apps on any web browser-compatible device.

DePIN's potential is vast, with a predicted growth of 20 to 120 times by 2028. Layer 1 and 2 blockchains are set to benefit from DePIN's ecosystem growth, with middleware and miner opportunities emerging. GPUs are a rapidly maturing field within DePIN, while AI projects like Bittensor and ORA are expected to thrive. Sensors and wireless networks are also poised for development, and DePIN is introducing a new method for issuing Real-World Assets.

Aethir, a new project in the GPU distribution sector, aims to disrupt the global GPU market by addressing the supply issue caused by high demand from AI and gaming. The project has successfully launched its cloud service, offering on-demand GPU compute solutions. With a focus on the enterprise side, Aethir connects businesses with high-powered GPU chips like NVIDIA's H100s for machine learning and AI applications. The platform claims to have the largest GPU network in the DePIN sector, providing over 43,000 enterprise-grade GPUs with a 99.99% uptime across 23 countries. Aethir's decentralized approach pools underutilized GPU power and distributes it where needed, making it a cost-effective and efficient solution for industries like cloud gaming. The project also features its native $ATH token, used for network services, governance participation, and staking. Despite challenging market conditions, the token has performed well since its launch on June 12th.

Decentralized Physical Infrastructure Network (DePin) projects are gaining attention despite the current downturn in the crypto market. Experts predict a strong resurgence, particularly for AI-integrated DePin initiatives, which represent cutting-edge innovation and adaptability. Crypto trader Kazi highlights six DePin projects with explosive growth potential. Cosmic Network (COSMIC) offers online privacy through decentralized VPN services, while Blendr Network (BLENDR) focuses on decentralized GPU computing. DSync, part of the Destra Network, combines decentralized cloud solutions with GPU networking. HashAI (HASHAI) integrates AI with mining strategies, and ATOR Protocol enhances the Tor network through blockchain incentives. OpSec uses AI to improve blockchain infrastructure, focusing on security and privacy. These projects face risks from market volatility and competition but offer transformative potential for investors.

The Serverless BXL conference, scheduled for July 7 in Brussels, will explore the convergence of AI, DePIN, decentralized cloud computing, and web3 gaming. With over 300 participants and 30 speakers, the event will feature a gaming pitch contest and keynotes from industry leaders such as Ubisoft. The second half of the day will focus on AI and decentralized cloud computing, including talks from experts like Nicolas Bacca, co-founder of Ledger, and representatives from decentralized AGI protocols. The conference aims to foster networking and collaboration in the blockchain and gaming sectors.

Solana is emerging as a hub for Decentralized Physical Infrastructure Network (DePin) projects, according to a report from Syndica. The report highlights various DePin projects in the Solana ecosystem, including decentralized GPU marketplaces, wireless technologies, and geospatial data solutions. In the Compute Data AI sector, platforms like io.net, Render, and Nosana are fostering a thriving microeconomy around computational resources. Render's technology was even integrated into Apple's latest iPad Pro, demonstrating the transformative potential of decentralized networks in digital content creation. Helium, another DePin project on Solana, has seen exponential growth in mobile hotspots deployment and subscriber numbers since migrating to the platform. Hivemapper has also recorded unprecedented demand for map data, highlighting the growing reliance on decentralized solutions for geospatial data. Despite some signs of slowing in the storage sector, the overall momentum of DePin projects on Solana remains strong, with the platform now home to category leaders representing a combined market cap of $4 billion.

Aethir, a GPU-as-a-service provider, is set to revolutionize the blockchain space by offering its product on the Ethereum network. The company aims to support artificial intelligence developers by allowing them to utilize idle GPU resources from participants, a concept known as decentralised physical infrastructure (DePIN). This approach is gaining significant traction in the blockchain industry, as it replaces traditional centralized infrastructures with a peer-to-peer network, enhancing security and fault tolerance. Aethir's co-founder, Mark Rydon, emphasizes the importance of DePINs in disrupting current infrastructure solutions and empowering innovation in AI, ML, and cloud gaming. The company's testnet has already attracted over 500,000 users and received support from major industry players like Nvidia, Super Micro, HPE, and Foxconn.

Franklin Templeton's report, 'DePIN: Traction in Supply & Early Signs of Increasing Demand,' delves into the burgeoning Decentralized Physical Infrastructure Network (DePin) sector, which is shaking up traditional industries with innovative, token-based incentive models. Projects like Hivemapper and Helium are leading the charge, leveraging mass collaboration to map roads and build wireless networks more efficiently and cost-effectively than their centralized counterparts. Hivemapper, for instance, has mapped 21% of global roads with over 60,000 contributors in just 31 months. Helium has partnered with T-Mobile to expand its 5G network to 13,000 hotspots, offering an unlimited phone plan at a significantly lower cost than traditional providers. However, the report also highlights a critical need for increased consumer demand to ensure the long-term sustainability of DePin projects, as the supply of such services has outpaced demand. With the market capitalization of DePin projects at $47 billion and the recent token listings of Aethir and io.net, there is potential for growth, but attracting a broader user base remains key.

Uplink, the world's first decentralized internet platform, has joined the Wireless Broadband Alliance (WBA) as an official member and speaker at the Wireless Global Congress Americas 2024. As a member, Uplink will engage with leading enterprises and contribute to the decentralized internet infrastructure platform. Their goal is to empower OpenRoaming members within the WBA ecosystem, connecting Access Network Providers (ANPs) and Identity Network Providers (IDPs) to a singular, decentralized platform for solving market problems. With the Uplink network, ANPs and IDPs can drive OpenRoaming adoption and connectivity, enhancing the internet ecosystem. The partnership with GL-iNET aims to upgrade connectivity for OEMs, supporting a variety of network technologies. Uplink's vision is to unite internet companies and infrastructure on a single, upgraded platform, aligning with the WBA's mission to promote connectivity and innovate in mobile technologies.

Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the technological landscape. DePIN projects, which combine blockchain with physical infrastructure, are set to transform resource management and information processing in 2024. Here's a look at the top AI & DePIN projects to watch this year: DePIN projects integrate digital blockchain capabilities with physical infrastructures like data storage and power grids. They aim to disrupt sectors traditionally controlled by central authorities. Notable projects include: - Filecoin (FIL): A decentralized storage network where users can rent out space for filecoin tokens. With over 1.7 billion EiB of data stored, Filecoin has introduced smart contracts through the Filecoin Virtual Machine (FVM). - Helium (HNT): A decentralized wireless network for IoT devices, using a Proof of Coverage consensus algorithm. It incentivizes network coverage through HNT tokens. - Akash Network (AKT): An open-source cloud computing platform connecting server owners with users needing cloud resources, operating on the Tendermint blockchain. - NEAR Protocol: A community-powered cloud platform with high transaction speeds, simplifying developer experiences with intuitive features. - Arweave (AR): Known as 'the permaweb,' Arweave offers indefinite data storage through its blockweave technology. - Theta Network (THETA): A blockchain-based video streaming network where users earn tokens by sharing bandwidth and compute resources. - Render Network (RNDR): A decentralized GPU network for 3D rendering, connecting node operators with artists and developers. - Node AI (GPU): Provides access to GPU and AI technologies, allowing users to participate in the AI ecosystem. - Streamr (DATA): A decentralized data exchange for real-time data transactions, incentivizing data providers and consumers. - Bittensor (TAO): Combines blockchain with machine learning, incentivizing nodes for AI calculations and governance. DePIN projects enhance security, scalability, and efficiency by connecting physical assets with blockchain technology. This integration forms a robust ecosystem with three layers: physical infrastructure, middleware, and the blockchain itself. The future of DePIN looks bright, with a growing market size and potential applications in various sectors. Investments in DePIN projects like Helium are considered promising for 2024. However, it's crucial to conduct thorough research before investing in any cryptocurrency project.