Latest DePIN AI News

SingularityNET, an AI platform developer, and the Filecoin Foundation have announced a partnership to integrate AI and decentralized physical infrastructure networks while maintaining decentralization, AI ethics, and data provenance. The collaboration will establish an AI ethics working group to ensure ethical AI development and deployment. The partnership has objectives across different timelines, including using Filecoin's Lighthouse SDK for metadata storage and integrating Filecoin's technology stack into SingularityNET for improved security and AI-generated data storage infrastructure. In the long term, the collaboration aims to use Filecoin to manage Knowledge Graphs, essential to SingularityNET's Knowledge Layer initiative. Both the ASI token and the Filecoin (FIL) token will be used in the partnership.

Up Mobile, a Web3 smartphone set to launch in 2024, integrates AI and blockchain technology, offering a user experience free from the restrictions imposed by Apple and Google's app stores. Developed by Up Network in collaboration with Movement Labs, the device ensures heightened security and privacy through the Move language, which was initially created by Facebook. With over 10,000 people on the waiting list and plans to distribute 100,000 units by year-end, Up Mobile is poised for rapid adoption. The smartphone's AI capabilities are utilized for creating unique digital identifiers using biometric data without compromising user privacy, and it integrates local language models for daily task assistance. Meanwhile, the Solana Saga, another Web3 smartphone, is set to release its second version in 2024, featuring an integrated crypto-wallet and a 'dApp store' for Web3 applications.

Decentralized Physical Infrastructure Networks (DePin) are revolutionizing technology by facilitating decentralized initiatives in real-world infrastructure. Nuklai has partnered with Filecoin to archive global data, enhancing AI capabilities with comprehensive data insights. The collaboration will leverage Lighthouse Storage's solution for efficient data storage on Filecoin's decentralized network. Meanwhile, the Opentensor Foundation has outlined post-hack recovery plans following a security breach that led to a loss of 32,000 TAO tokens valued at approximately $8 million. Lastly, Silencio, a decentralized app combating noise pollution, has reached a milestone of 5 million check-ins, utilizing a community-driven approach on the PEAQ blockchain.

OKX, a top Web3 tech firm, has announced the integration of its wallet with CUDIS, an AI-powered wearable device that offers wellness tracking. This union provides seamless connectivity for OKX users, allowing them to manage health data and digital assets securely. CUDIS users have full control over their encrypted health data stored on the Solana blockchain, and can earn rewards for wellness activities. The device uses AI and sensors for personalized health insights. OKX offers a range of products, including a crypto wallet, DEX, NFT marketplace, and DeFi platform, supporting multiple blockchains and coins.

NATIX is a global mapping network powered by their proprietary AI and camera DePIN. NATIX’s flagship product “Drive&” uses driver assistant apps (e.g. dashcam and navigation), token incentives, computer vision AI, and smartphone cameras to map the roads and support various mobility, autonomous driving, and smart city applications. With over 120k registered drivers and over 50 million km covered in only 12 months, NATIX is one of the fastest-growing DePINs globally. NATIX token will be going live July 2nd, 10 AM UTC on Coinlist, Kucoin, Gate.io and MEXC. https://depinscan.io/token-launch

Nubila, a leading data oracle in the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has initiated a fundraising round. The round is led by IoTeX and VeChain, along with the Boston Consulting Group, and has attracted participation from a diverse group of investors including OrangeDAO, MH Ventures, Future Money Group, and others. To date, Nubila has secured $2.5 million in funding. This investment reflects the industry's recognition of Nubila's potential to use AI and tokenization to enhance decision-making, promote sustainable development, and create financial products with ESG data. Nubila's founder, Ben, envisions building the infrastructure for the MachineFi revolution by establishing a network of advanced weather stations and sensors to capture critical environmental data. The integration of real-time ESG data into AI models, such as Microsoft's Aurora atmospheric model, will improve ESG assessments and drive more informed and sustainable decision-making across various industries. With the new funding, Nubila aims to scale its operations and expand its global reach to contribute significantly to the planet's sustainability and well-being. The funds will be used to scale Nubila's operations, develop its ESG Data Oracle, and pursue strategic goals like enhancing data accuracy, expanding the network's reach, and increasing user engagement and awareness of sustainable investment. Raullen Chai, Founder of IoTeX, praises Nubila for leveraging DePIN and AI to transform ESG data management, noting the revolutionary approach of creating a decentralized ESG network of community-owned IoT devices. Nubila has deployed 16,000 advanced weather stations worldwide, capturing over 100TB of weather data for accurate ESG assessments. Headquartered in San Francisco, Nubila is dedicated to transforming sustainability initiatives through innovative solutions within the DePIN ecosystem, using AI and ESG tokenization to empower decision-making and drive sustainable development.

Crypto analysts are predicting a Decentralized Physical Infrastructure Network (DePin) supercycle, driven by Web3 and AI advancements, reminiscent of the early Internet era. DePin aims to decentralize applications currently dominated by tech giants like AWS and Google Cloud. The AI sector is particularly active, with growing demand for GPUs as AI models become more complex. Projects like io.net and Aethir are expected to secure significant market shares early on. DeFi analyst Cyril points to altcoins like Helium's MOBILE, OriginTrail's TRAC, and Nosana's NOS as having potential in the DePin ecosystem. Other noteworthy tokens include Theta Network's THETA for decentralized video streaming and The Graph's GRT for organizing blockchain data for efficient Web3 applications. Render (RNDR) and Filecoin (FIL) are also contributing to the DePin infrastructure, showcasing the growing integration of blockchain in real-world applications.

Sean Cary, Helium's co-founder and Borderless Capital's lead partner, discusses the boundless potential of Decentralized Physical Infrastructure Networks (DePIN) in his latest article on CoinDesk. He explains DePIN as either bespoke networks with custom hardware or commodity DePIN that operates on everyday devices like smartphones. Cary's interest in technology was sparked by his grandfather's watch, which could tell the time with a button press, leading him to explore the future of technology.

Coinbase has announced that it will not facilitate the upcoming merger of the Ocean Protocol (OCEAN) and Fetch.ai (FET) tokens related to the Artificial Superintelligence Alliance (ASI). The exchange will continue to support trading for both tokens until further notice but will not execute migrations on behalf of users. Instead, Coinbase will allow users to perform migrations through self-custodial wallets, including Coinbase Wallet. The token merger aims to promote the growth of decentralized AI infrastructure and challenge Big Tech's dominance in the AI sector. The ASI token is expected to become the largest decentralized AI token by market cap, with a combined cap of $5.8 billion for the three existing tokens. Other exchanges, such as Bitfinex, HTX, Bitget, Binance, and Crypto.com, have announced plans to support the merger and automatically merge the tokens for users, although the exact timeline varies.

The crypto community has shown concern over privacy and surveillance issues, especially after the conviction of Tornado Cash developer Alexey Pertsev and the plea deal of WikiLeaks founder Julian Assange. The community has come together to support legal fees for these cases. Nym, a privacy-focused project, offers a mixnet technology to counter AI surveillance, which is becoming easier due to AI's ability to create digital doubles for tracking and controlling behavior. Additionally, central bank digital currencies (CBDCs) are seen as a significant risk for surveillance and censorship, with most designs lacking privacy protections.