Latest Edge News

Wingbits Raises $5.6M to Revolutionize Rewards-Based Plane Tracking with DePIN Technology Wingbits, the Web 3.0 startup based in Stockholm, Sweden, has secured $5.6 million in funding led by Borderless Capital and Bullish Capital, with support from Spartan Group, Tribe Capital, Antler, SNZ, and Heartcore. This funding round brings Wingbits' total funding to $9.2 million as they introduce the first decentralized physical infrastructure network (DePIN) for aviation. The company aims to become the largest airplane tracking network globally by implementing well-designed incentives and execution strategies, as stated by Álvaro Gracia, Partner at Borderless Capital. This recent funding follows a $3.5 million seed round just six months ago, supported by investors like Borderless Capital, Tribe Capital, and Antler. Co-founded by Robin Wingardh and Alex Lungu, Wingbits has experienced rapid growth, expanding its network at a rate six times faster than any previous flight tracking system. Alasdair Foster, CEO of Bullish Capital, expressed excitement about partnering with Wingbits, highlighting their disruptive approach to the flight tracking industry by utilizing blockchain to incentivize high-quality data supply.

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.

io.net, a leading decentralized physical infrastructure network (DePIN) protocol, has recently achieved Service Organization Control 2 (SOC 2) compliance, marking a significant milestone in its commitment to security and operational transparency. This certification indicates that io.net has undergone rigorous audits to ensure its systems are secure and that it adheres to high standards of data integrity. Gaurav Sharma, the technology chief of io.net, emphasized that this achievement not only benefits all users but is particularly appealing to enterprises that require partnerships with organizations maintaining top-tier data protection standards. Achieving SOC 2 compliance is often regarded as the gold standard in data security, providing io.net with a competitive edge in the market. The certification validates the protocol's robust security controls and standardized processes, which are crucial for defending against potential exploits and breaches. With a vision of offering decentralized GPU compute solutions, this certification lays a solid foundation for the protocol's future growth and expansion, allowing it to operate on a global scale while competing with industry-leading security standards. The DePIN sector, valued at approximately $27.9 billion, has seen significant trading activity, with io.net's native token, IO, ranking among the top 20 protocols in this space. With a market cap of $389 million, IO has demonstrated resilience and growth potential despite recent market fluctuations. Furthermore, io.net's collaborations with AI protocols, such as Injective and Alpha Network, aim to explore the intersection of blockchain and AI, positioning the protocol for potential leadership in the DePIN market in the near future.

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.

The DePIN (Decentralised Physical Infrastructure Networks) sector is experiencing a significant transformation, with Roam emerging as its new leader. Unlike other DePIN projects, Roam has yet to issue a coin, allowing ordinary users to participate and potentially earn rewards through airdrops. DePIN projects primarily focus on resource integration, encouraging users to share personal resources like storage space and communication traffic via token incentives. The market for DePIN has expanded rapidly, boasting nearly 4.56 million devices across 196 countries, valued at approximately $7.1 billion. Roam stands out with 1.18 million devices, dominating the DePIN landscape, especially in regions like Southeast Asia, where the crypto industry is flourishing. Roam operates at the intersection of Web3 and telecommunications, providing a decentralized wireless network. Users can engage with Roam by purchasing hardware for mining or applying for eSIM cards to earn free data traffic through task completion. The Roam Telecom Data Layer is pivotal, comprising modules that enhance network infrastructure, incentivize user participation, and foster community governance. Roam's future plans include accelerating the implementation of this data layer and integrating AI, which is crucial for maintaining a competitive edge in the evolving DePIN landscape. The integration of AI with Roam's decentralized infrastructure addresses critical data challenges faced by AI projects. By leveraging communication data, Roam aims to provide high-quality datasets while ensuring user privacy through decentralized identity technologies. This innovative approach not only enhances the data quality available for AI training but also expands the breadth of data sources. Ordinary users can participate in DePIN by sharing their Wi-Fi, earning points, and engaging in airdrop opportunities, thus lowering the barrier to entry and fostering broader community involvement in this burgeoning sector.

The landscape of Artificial Intelligence (AI) infrastructure is evolving, with a strong emphasis on three key pillars: computing power, algorithms, and data. Initially, the focus was on enhancing computing power, leading companies to invest heavily in GPUs and data centers. Notably, Web3 mining firms like Coreweave transitioned to AI data centers, while distributed computing platforms such as IO and Aether gained traction. As advancements reduced computing bottlenecks, the spotlight shifted towards edge capabilities and the role of blockchain in incentivizing user participation through token mechanisms, marking a significant evolution in AI infrastructure. As the AI industry progresses, the emphasis has now turned toward algorithms and models, with innovations like DeepSeek V3 prompting critical discussions about cost reduction in AI-Generated Content (AIGC) production and the feasibility of privacy-preserving distributed computing frameworks. Despite the limited current applications of crypto projects in this area, the potential for growth remains substantial. However, the data layer presents a significant challenge, as the availability of high-quality, well-structured data for effective model training is in question. Projects like Grass, aimed at rescraping internet data, highlight the need for clean training data and breaking down data silos to facilitate sharing while maintaining privacy. Roam, a pioneering Web3 project, is addressing these challenges by creating a global open wireless network that transforms private data into AI-ready datasets. Supported by industry alliances, Roam's innovative Global WiFi OpenRoaming™ + eSIM Top-Up product incentivizes user participation and ensures seamless connectivity. By breaking down barriers to private data access, Roam enhances data sharing while prioritizing security and privacy. This initiative not only empowers AI agents to operate across various devices but also lays the groundwork for a new era of AI integration with the Internet of Things (IoT), signaling a transformative shift towards a silicon-based civilization where AI and humanity coexist harmoniously.

The data center industry is currently facing significant challenges in meeting the immense computing power requirements of artificial intelligence (AI), particularly for training large language models (LLMs). According to Bain & Company, advanced AI models necessitate thousands of graphics processing units (GPUs) during the pre-training phase, which in turn demands highly sophisticated data center architectures. Presently, major cloud service providers operate hyperscale data centers with capacities ranging from 50 to 200 megawatts, costing between $1 billion to $4 billion. However, projections indicate that by the end of the decade, these capacities will need to scale up to over 1 gigawatt, with costs soaring to between $10 billion and $25 billion. This situation is compounded by the dominance of tech giants like Alphabet, Microsoft, Amazon Web Services (AWS), and Alibaba, which limits opportunities for smaller competitors to build comparable infrastructures. To address these challenges, decentralized physical infrastructure networks (DePIN) have emerged as a potential solution. DePIN aggregates small-scale computing resources, democratizing access to AI infrastructure and reducing reliance on major tech companies. By utilizing blockchain technology, tokenization, and decentralized governance, DePIN incentivizes participation from individuals and organizations, enabling them to contribute physical resources such as data storage, energy generation, and computing power. This decentralized approach not only enhances transparency and security but also allows for real-time data processing through edge AI, which deploys AI algorithms directly on devices at the network's edge, thereby alleviating the burden on centralized cloud networks. Looking ahead to 2025, DePIN is poised to fundamentally transform the AI landscape. Experts predict a massive scaling of decentralized compute networks, shifting AI model training from centralized supercomputing clusters to distributed networks powered by DePIN. Additionally, tokenized incentives will encourage broader participation in AI development, allowing smaller players to monetize their resources while contributing to global innovation. Furthermore, the decentralized nature of DePIN enhances security and privacy, addressing vulnerabilities associated with centralized infrastructures. As DePIN matures, it is expected to facilitate groundbreaking applications across various sectors, including healthcare and energy management, while ensuring that AI infrastructure remains accessible to startups and researchers, thus fostering a more equitable technological ecosystem.

As the decentralized physical infrastructure networks (DePIN) landscape evolves in 2024, Roam has emerged as a frontrunner, boasting over one million self-built nodes and more than 1.72 million user registrations globally. This significant growth positions Roam at the top of DePINScan's hardware node rankings. The company's success is largely attributed to its innovative OpenRoaming™ technology, which facilitates seamless connectivity across over four million WiFi hotspots in 190 countries. This technological edge not only enhances user experience but also underscores the potential for widespread adoption of Web3 applications in everyday life, validating Roam's user-friendly business model in the decentralized wireless network sector. In October 2024, Roam announced the development of a global Telecom Data Layer alongside the launch of Roam eSIM, aimed at rapidly expanding its user base through a cost-effective and secure approach. The introduction of Roam Growth, a key module of the Telecom Data Layer, is set to revolutionize income generation for network participants. This initiative will enable users to transform their network devices, such as Roam routers, into economic assets through automated service integration, thereby facilitating multi-mining capabilities. The collaboration with Huma for router purchase plans further lowers entry barriers, encouraging broader participation in Roam's ecosystem. Roam's strategic focus on community engagement and innovation is evident in its ecosystem, which comprises four essential modules: Roam Network, Roam Growth, Roam Discovery, and Roam Community. Each module plays a vital role in fostering collaboration, incentivizing participation, and enhancing user experience. As Roam continues to expand its offerings and optimize its incentive mechanisms, it is poised to attract more developers and users, solidifying its position as a leader in the decentralized telecom data network space. The integration of AI into Roam's operations promises to unlock new opportunities for intelligent network management and user engagement, paving the way for a robust and sustainable future in the DePIN ecosystem.

Network3, a pioneering technology platform, has made significant strides in the realm of AI Layer2 solutions, enabling developers globally to efficiently infer, train, and validate models. Recent analysis by Depinscan, an extensive DePIN intelligence platform powered by IoTex, has revealed that Network3 miners have achieved a remarkable milestone with a payback period of just 71 days. This achievement positions Network3 at the forefront of the industry in terms of both payback period and daily revenue, underscoring its investment potential. A shorter payback period is crucial for investors as it indicates a quicker return on investment, making Network3 an attractive option for those looking to capitalize on emerging technologies. The success of Network3 can be attributed to its robust infrastructural network, which boasts over 555,000 nodes and has delivered 2 Petabytes of network service across more than 185 countries. This extensive reach has resulted in 97,000 active sessions daily and monthly revenues exceeding $100,000. By supporting the evolution of AI, Network3 empowers developers with tools for model optimization, federated learning, edge computing, and confidential computing. This dual focus on enhancing decentralized node efficiency while providing essential services for AI development positions Network3 as a leader in both technology and market viability. In addition to its technological advancements, Network3 has successfully secured $5.5 million in seed funding from prominent investors, including Borderless, EV3 Labs, and the IoTeX Eco Fund. With a growing community of over 252,000 followers on X, the platform is set to gain even more traction. As it continues to demonstrate its value in making AI more beneficial and efficient, Network3 is poised for rapid growth and increased investor interest in the future.

Network3: Revolutionizing Edge AI Infrastructure On November 26, CZ(Binance founder) tweeted, 'I am not against memes, but meme coins are getting 'a little' weird now. Let's build real applications using blockchain.' The market's obsession with meme coins has overshadowed utility-driven blockchain projects like Network3, a decentralized Edge AI infrastructure project poised for significant growth. Network3 integrates blockchain tokenomics, decentralized physical infrastructure networks (DePIN), federated learning, and Edge AI to challenge big tech's AI monopoly. With over 543,010 nodes across 185 countries, Network3's decentralized federated learning framework ensures privacy and data security while incentivizing node participation. The project's rapid growth, surpassing Helium in node count, signifies its potential to democratize computing power and data. Market Potential and Tokenomics The DePIN and Edge AI combination presents a trillion-dollar opportunity. DePIN incentivizes users to contribute physical resources, projecting a market size of $3.5 trillion by 2028. Currently undervalued at $1.33 billion, the DePIN sector is poised for exponential growth. Edge AI, with a projected market size of $269.82 billion by 2032, excels in data privacy and efficiency, attracting tech giants like NVIDIA and Google. Network3's tokenomics model, with a total token supply of 1 billion, ensures sustainable mining rewards through staking and mining. Investing in Network3 Investing in Network3 offers a gateway to the future of AI infrastructure, combining DePIN's physical world integration and Edge AI's decentralized computing power. With a clear economic model and exponential market potential, Network3 stands out as a pioneer in revolutionizing the AI sector.