Latest DePIN Cloud Services News

DePin's Aethir has achieved a significant milestone with its ATH token listing on over 16 centralized crypto exchanges, including OKX, Gate.io, and Bitfinex. The ATH token plays a crucial role in the ecosystem, serving as a medium of exchange, governance, staking, and ecosystem support. Crypto analyst Hitesh Malviya predicts a fully diluted valuation of $3 billion for ATH tokens, comparing it to Akash Network's AKT token. Despite some community disappointments, Aethir's approach of aggregating unused and new GPUs from various sources has attracted over 200,000 users and more than 20 node locations globally. The project has raised over $150 million from its node sales, providing a strong financial backing for sustainable growth.

DePIN, or decentralized physical infrastructure networks, offers a solution to centralization's limitations by integrating community-driven blockchain technology into a distributed, incentivized system. This allows individuals to participate in managing physical infrastructure without centralized providers. DePIN's potential spans across sectors like IoT, cloud computing, and logistics. However, it faces challenges such as scalability, with current blockchain infrastructure struggling to handle DePIN's transaction volume, especially in real-time IoT applications. Projects like Render, Nosana, HiveMapper, and Helium have turned to the Solana chain for its speed but face issues with Solana's stability. Interoperability is also limited, often confined to specific ecosystems and adding complexity. Regulatory concerns arise due to DePIN's anonymous nature, which can attract illicit activities, and a lack of transparency in open-source models raises questions about user data security. Additionally, 'DePIN theaters' are projects that falsely present as decentralized, undermining true DePIN projects and posing risks to users.

Aurory, a Solana-based game developer, has partnered with Nosana, a web3 infrastructure firm, to leverage its decentralized compute solutions to enhance gaming technology. Aurory will use Nosana's DePin to improve its games, including the recent revamp of Seekers of Tokane with the launch of Citrine. The partnership aims to incentivize players by using their idle GPU resources to power AI in-game characters, potentially revolutionizing the gaming industry. Nosana's GPU cloud promises rapid deployment at a significantly lower cost than traditional cloud providers, offering a game-changing solution for developers.

Verida Network offers a decentralized infrastructure to manage data across various sectors, ensuring privacy, security, and user consent. It aims to tap into massive market opportunities in consumer insurance, media, advertising, and healthcare, valued at trillions of dollars. However, transitioning from Web2 to Web3 technologies presents challenges due to inefficiencies in developing feature-rich applications. Verida Network provides private encrypted databases, real-time synchronization, permission data access, and client-side encryption to address these challenges and enable a superior technological stack for the Web3 sector. The Verida Wallet is a strategic product that functions as both a data wallet and a crypto wallet, offering innovative features and a user-friendly interface for seamless interaction with the Verida protocol and other blockchains.

Evire, a new blockchain project, is creating a digital ecosystem where AI, gaming, Real-World Assets (RWA), and Decentralized Physical Infrastructure Networks (DePIN) converge seamlessly. The platform provides specialized frameworks for developers to create secure and efficient dApps tailored to these domains. With native support for off-chain computation, decentralized storage, and smart contract libraries, Evire ensures high scalability and low costs for large-scale applications. The project's open-source approach allows developers to contribute to its ongoing development. Evire's roadmap includes the launch of the mainnet and continuous growth, developer support, and innovation. The alpha testnet provides a live environment for developers to test the platform's frameworks and their own dApps.

Ahmed Shadid, co-founder and CEO of IONET, a decentralized AI computing and cloud platform, has resigned amid allegations of fraudulent activities. Shadid's decision aims to allow the company to grow without distractions. COO and co-founder Tory Green will assume the CEO role. Shadid expressed gratitude to the team and community, donating 1M IO tokens to the ecosystem. IONET's unique tokenomics and recent selection by Binance as its 55th Launchpool project signal a promising future for the platform.

Bitfinex, a prominent digital asset trading platform, is set to list ATH, the native token of Aethir, a decentralized cloud infrastructure provider that specializes in AI and gaming. Aethir operates as a decentralized physical infrastructure network (DePIN), offering high-speed, scalable enterprise-grade cloud services suitable for resource-intensive applications like Bitcoin mining and AI. The ATH token serves various utilities within the Aethir ecosystem, including payment for services, governance voting rights, and staking opportunities, with a total supply of 42 billion tokens. Henry Child, Head of Tokens at Bitfinex, highlighted the significance of Aethir's approach to distributed cloud computing in addressing the GPU shortage in the tech industry. ATH deposits are expected to open on June 10, 2024, with trading commencing on June 12, 2024, against US Dollars and Tether tokens. Users must adhere to Bitfinex's terms of service, with U.S. persons and other prohibited individuals restricted from using the platform.

Aethir, a decentralized GPU-as-a-Service platform, has been analyzed in a new report by Mythos Research and CMC Research. The report delves into Aethir's technology, partnerships, and market position in Decentralized Physical Infrastructure Networks (DePIN). Aethir aims to connect GPU providers with consumers in AI, gaming, and virtual computing. It boasts a $24 million GPU infrastructure across 13 countries, serving as a marketplace for aggregated GPU resources. The platform's diverse network allows for efficient pooling and utilization of distributed computing resources, highlighting its potential in the decentralized infrastructure market.

Stratos Network's v0.12 upgrade marks a significant leap forward in decentralized infrastructure technology. This update introduces a range of features that enhance the Stratos Chain and Decentralized Storage network, improving the user experience within the Stratos ecosystem. Key upgrades include seamless Cosmos transactions via Wallet Connect and Metamask, integration with Exoswap for effortless token delegation, and the introduction of Cosmos IBC for broader ecosystem connectivity. Stratos Wallet now supports Wallet Connect, facilitating efficient STOS token transfers and exchanges. The Stratos Chain also supports prepayment using Solidity smart contracts, with a Prepay bridge for cross-chain SDS storage. Stratos Decentralized Storage (SDS) sees enhancements such as volume report settlement improvements, a Share-To-Earn mechanism, and improved backup and autoscaling for data security. RPC performance and resource node performance detection have also been enhanced, alongside an improved video streaming workflow.

At the IO Summit, io.net unveiled its decentralized physical infrastructure network, demonstrating recent achievements and future plans. The June 4 keynote featured CEO Ahmad Shadid and notable guests like Solana's Anatoly Yakovenko. io.net raised $30M in Series A funding, increasing its valuation and adoption. Shadid expressed excitement about scaling the internet of GPUs, launching io.net Cloud, and meeting demand for a scalable Decentralized Physical Infrastructure Network (DePIN). The team also shared updates on developing utilities for DePIN.