Latest DePIN Funding News

Ambient, the largest distributed network for environmental monitoring, has announced the successful deployment of blockchain-based air quality monitoring sensors in Los Angeles’ Japanese Village Plaza (JVP). This initiative aims to enhance the environment and well-being of the area, which attracts over 5,000 visitors daily. According to Ambient's CEO, Luca Franchi, the project highlights the growing importance of air quality awareness among consumers and businesses, while also promoting incentive-based behavior to drive better insights and foster a healthier experience for all. Historically, air quality monitoring has been a costly endeavor, primarily managed by government agencies and large corporations. The limited number of locations being tracked in Los Angeles underscores the need for more comprehensive monitoring solutions. With the World Health Organization reporting over seven million premature deaths globally due to air pollution, effective monitoring is essential to address health risks associated with poor air quality. The deployment at JVP not only improves the quality of life for its visitors but also serves as a model for broader applications in urban centers. Ambient, in collaboration with Parami, is deploying Kaiterra Sensedge Mini sensors across 30 retailers in JVP, providing real-time data on temperature, humidity, particulate matter, and more. This innovative approach leverages blockchain technology to record data on the Solana Blockchain and offers token-based incentives for participants. By investing in Ambient tokens, participants can benefit from data sales and commercial activities derived from the network, driving meaningful change and innovation in environmental monitoring.

The cryptocurrency market is experiencing a significant resurgence, with venture capitalists predicting Bitcoin could soar to $88,000. This optimism is largely fueled by the stabilization of the market and the emergence of new projects in decentralized finance (DeFi) and decentralized physical infrastructure networks (DePIN). As of August 2024, crypto venture capital has raised an impressive $2.2 billion across 24 funds, indicating a robust recovery from previous downturns. Factors contributing to this revival include the market cap reaching 93% of its previous peak, increased institutional adoption from major financial players, and the maturation of investments made during the 2020-2022 boom, which are now presenting new opportunities for investors. Among the notable projects gaining traction are Base, EigenLayer, and SolLayer, which are reshaping the DeFi landscape. These projects are attracting midsized venture funds, signaling a shift from the smaller funds that characterized the early days of crypto. However, larger VC megafunds are still facing challenges due to high valuations and deployment difficulties. The outcome of the upcoming US presidential election may influence these trends further. Three standout projects to watch in the DeFi/DePIN space include Theta, BitTorrent (BTT), and World Mobile Token (WMT). Theta leverages peer-to-peer blockchain technology to decentralize video streaming services, promising high-quality streaming without buffering. BitTorrent, originally a sensation in 2019, continues to offer utility through its token, incentivizing users to share files. Lastly, World Mobile Token supports a blockchain initiative aimed at connecting underserved populations, rewarding participants in its ecosystem. As we approach 2025, the crypto funding landscape appears poised for a vital resurgence, instilling optimism across the sector.

Donald Trump’s family-run crypto venture, World Liberty Financial, has recently come under scrutiny following the release of a 13-page document detailing its goals and token allocation. The 'World Liberty Gold Paper' reveals that the Trump family will receive a staggering 22.5 billion non-transferrable governance tokens ($WLFI) and 75% of the net protocol revenues. This allocation raises eyebrows among investors and supporters, as it suggests a potential profit of $337.5 million for the Trump clan, assuming a token price of 1.5 cents. Critics are concerned about the vagueness of the token allocations and the fact that these terms are subject to change, leading to accusations of possible scams. Despite the ambitious goals of World Liberty Financial to challenge traditional banking systems and provide users with more financial freedom, the initial response to the $WLFI token has been tepid. Since its launch, only 917.80 million tokens, worth approximately $137,000, have been sold out of the 20 billion available. This lack of demand indicates that many investors, including Trump supporters, may be skeptical about the platform's sustainability. Furthermore, the Gold Paper explicitly states that neither Trump nor his family holds any legal responsibilities regarding $WLFI or the venture itself, which adds another layer of concern for potential investors. In addition to the controversies surrounding Trump’s crypto project, Vice President Kamala Harris has also faced criticism for her proposed crypto regulations, which appear to focus exclusively on black men. Her announcement has sparked mixed reactions, with some praising her openness to crypto while others argue that her approach is discriminatory. JD Vance, Trump’s potential running mate, has countered Harris's stance, asserting that all individuals, regardless of race, desire the same opportunities in the crypto space. The juxtaposition of these two political figures highlights the ongoing need for equitable regulations in the US crypto market, free from self-serving agendas.

In a significant development within the blockchain and renewable energy sectors, Arkreen, a leader in Web3 infrastructure focused on carbon-reduction applications, has announced a partnership with Roam, a trailblazer in decentralized telecom. Roam has successfully issued over 918 million Roam points across more than 180 countries, catering to a user base of 1 million registered individuals. With a robust network of over 700,000 nodes globally, Roam provides a decentralized physical Layer 1, which serves as a foundation for innovative projects in decentralized wireless technology. This collaboration is a pivotal advancement under the Plug for Green Program (PGP), as both companies aim to enhance carbon neutrality within Decentralized Physical Infrastructure Networks (DePIN). The partnership introduces an innovative approach to sustainable practices through the integration of Roam’s miners with Arkreen’s Smart Plugs. This synergy enables real-time monitoring of electricity consumption for Roam miners, who not only benefit from enhanced crypto mining capabilities but also from Arkreen’s tokenized Renewable Energy Certificates (RECs). This mechanism allows Roam community members to offset their carbon emissions from brown energy consumption directly on-chain, thereby increasing their rewards while fostering a commitment to sustainability. The PGP advantage empowers Roam miners to engage in personal carbon offsetting, aligning their operations with eco-friendly practices. Through the Plug for Green Program, Arkreen provides Roam with essential tools for energy consumption monitoring and an on-chain carbon offset mechanism. By utilizing Arkreen’s Smart Plug technology, Roam miners can efficiently track their energy usage and earn Arkreen tokens alongside their mining rewards. This dual-mining scenario encourages eco-conscious participants to contribute to sustainability efforts. Arkreen’s on-chain offset mechanism is paving the way for Green DePIN, positioning Roam as a leader in the decentralized telecom sector while setting a precedent for the DePIN community to engage in global sustainability initiatives. Together, they aim to Roam the World, Connect the People, and Green the Planet.

As Bitcoin approaches the possibility of reaching a new all-time high (ATH) by the end of the year, the cryptocurrency market is buzzing with anticipation of an impending bull run. Despite this excitement, the altcoin season has yet to commence. In the midst of this landscape, there has been a notable surge in interest surrounding artificial intelligence (AI) tokens. Recent analyses of on-chain data have spotlighted five top-performing AI tokens that have shown significant growth over the past month, making them worth monitoring for potential investment opportunities. Leading the pack is $TAO, which has experienced an impressive increase of 104%. With the largest market cap among AI tokens, $TAO has a unique situation where 37% of its tokens are set to be unlocked over the next year, while a substantial 77.7% of its circulating tokens are currently staked. Following closely is $ARKM, which has gained 81.8% and is expected to have 77.5% of its tokens unlocked over the next six years. Market maker Wintermute is believed to hold around 10% of the circulating supply, adding to its credibility. Other notable tokens include $WLD, $TAI, and $FET, each with their own unique attributes and backing that contribute to their rising popularity. The evolving cryptocurrency landscape presents these AI tokens as compelling opportunities, especially as the market remains cautious regarding altcoins. With the potential for a bull run on the horizon, Spot On Chain is set to launch a series of analyses across multiple altcoin categories to provide a comprehensive overview for investors. As always, it is crucial for investors to conduct thorough research before making any decisions in the dynamic world of cryptocurrency.

Arthur Hayes, the founder of BitMEX, has recently made headlines in the cryptocurrency world by acquiring a substantial amount of Aethir (ATH) tokens. He purchased 116.6 million ATH tokens, valued at approximately $7.62 million, at an average price of $0.065 each. This acquisition follows his earlier decision in September to liquidate his holdings in Pendle ($PENDLE), raising questions about his current investment strategy and market outlook for ATH. In a notable move, just an hour ago, Hayes transferred 41 million ATH tokens worth around $2.18 million. Of these, 36 million tokens were sent to the Bybit exchange, while 5 million were directed to OKX. This offloading indicates a strategic decision by Hayes to reduce his exposure to ATH, reportedly at a loss of $2.2 million. Despite this transfer, he still retains a significant holding of 75.6 million ATH tokens, valued at approximately $4.16 million, reflecting a loss of around $1.22 million based on the current market price of $0.054. Aethir operates as a decentralized real-time rendering network, aiming to enhance cloud infrastructure and improve content accessibility within the Metaverse. The token currently boasts a market capitalization of $210 million and is part of the Decentralized Physical Infrastructure Networks (DePIN) sector. As the ATH market continues to fluctuate, it remains uncertain whether Hayes will maintain his current holdings or make further adjustments in the future. Investors are advised to conduct thorough research before making any investment decisions in the volatile cryptocurrency landscape.

Helium (HNT) is showing promising signs of a potential rally after successfully breaking out from a descending trendline that had been acting as resistance since October 1, 2024. This technical movement has shifted market sentiment from a downtrend to an uptrend, with HNT recently retesting crucial support levels. Analysts predict that HNT could see a significant price increase of up to 30%, potentially reaching the $8.40 mark in the coming days, as the daily chart appears free of major hurdles that could impede its upward trajectory. The bullish outlook for HNT is further supported by its on-chain metrics, which indicate a strong demand from investors. The Long/Short Ratio stands at 1.008, reflecting a positive sentiment among traders. Additionally, HNT's Open Interest (OI) has surged by 7% over the past 24 hours, suggesting that more investors are entering long positions. This increase in OI, along with the recent breakout, indicates a growing interest in Helium, which may be driving the bullish sentiment in the market. At the time of writing, HNT is trading at approximately $6.37, having experienced an 8.2% price surge in the last 24 hours. The trading volume has also seen a notable increase of 20%, highlighting heightened participation from traders and investors. With major liquidation levels identified at $6.06 on the lower side and $6.5 on the upper side, the current market dynamics suggest that bullish traders are in control, potentially paving the way for HNT to reach its anticipated price target in the near future.

The Render Token (RENDER) has experienced a remarkable rise in 2023, surging over 1,000% following its migration to the Solana blockchain. This transition has opened new opportunities for the token, leading to increased listings and investor interest. As of October 18, 2024, RENDER was priced at $5.35. Despite some volatility in early 2024, analysts remain optimistic, with predictions suggesting that the token could reach $18 by 2025, driven by growing adoption and technological advancements in the decentralized computing space. In terms of price predictions, analysts have outlined a range for RENDER's value in the coming years. For 2024, the minimum price is projected at $4, with an average of $7.50 and a maximum of $12, reflecting ongoing market corrections. By 2025, the price could stabilize at a minimum of $5.50, with potential growth leading to an average of $10 and a bullish scenario reaching $18. Looking further ahead to 2030, RENDER could see significant gains, with estimates suggesting a minimum price of $10 and a maximum of $50, contingent on broader market adoption and demand. The Render Network facilitates GPU rendering by connecting creators with GPU providers, making it easier to produce graphics on the blockchain. RENDER serves as the transaction currency within this ecosystem, allowing users to pay for services and participate in governance. With a market cap of $2.77 billion, RENDER ranks as the 34th largest cryptocurrency. As the project continues to evolve and adapt, it remains essential for investors to conduct thorough research and consider market trends before making investment decisions.

The adoption of stablecoins among US consumers is experiencing a notable slowdown in 2024, despite a surge in Bitcoin activity following the introduction of spot Bitcoin exchange-traded funds. Recent data indicates a decline in transactions on US-regulated platforms over the past year, primarily due to regulatory challenges and adoption issues surrounding US-based stablecoins. In contrast, stablecoins from emerging markets are witnessing increased implementation, as they serve as vital tools for value transfer and cost-effective transactions globally. As countries strive to establish a more stable asset base, particularly in the form of the US dollar, stablecoins are poised to enhance global financial inclusion, especially in regions lacking stable currencies. The current cryptocurrency market cap stands at $2.26 trillion, with approximately $1 trillion in US dollars found abroad, highlighting the growing role of stablecoins in replacing dollar cash in volatile local markets. Tether CEO Paolo Ardoino emphasizes that demand for stablecoins is particularly strong in developing countries like Argentina, Turkey, and Vietnam, where individuals seek protection against inflation and currency depreciation. The regulatory landscape in the United States presents significant challenges for stablecoin projects, placing the country at a competitive disadvantage compared to financial hubs in Europe and the UAE, which offer more favorable environments. Companies like Circle have expressed concerns that the absence of a clear regulatory framework for stablecoins could jeopardize American interests. However, there is a growing call for the US to establish guidelines that promote stablecoin usage, as addressing this regulatory gap is crucial for maintaining competitiveness in the evolving digital asset landscape and fostering innovation within the stablecoin market.

In a significant development within the blockchain and AI sectors, io.net, a pioneering decentralized physical infrastructure network (DePIN) GPU platform, has announced a strategic partnership with ParallelAI. This collaboration aims to enhance the capabilities of both platforms by integrating io.net's tools into ParallelAI's infrastructure, which specializes in parallel processing optimization for AI applications. The partnership is expected to bolster GPU computational facilities on IO Cloud, particularly through the deployment of A100 GPUs, allowing AI developers to efficiently conduct tasks such as large language model (LLM) training and distributed deep learning. The partnership will not only focus on expanding computational resources but also on joint research and development efforts. By leveraging their combined expertise, io.net and ParallelAI aim to push the boundaries of GPU cloud computing, setting new standards for performance and efficiency. This collaboration follows io.net's previous partnerships, including a notable alliance with FLock to develop a Proof-of-AI (PoAI) consensus mechanism, further solidifying its position in the AI and DePIN landscape. ParallelAI's innovative approach allows developers to write high-level code while the platform manages parallel computing across multiple GPUs and CPUs. This can lead to a remarkable reduction in computational time—up to 20 times faster—and significant cost savings. By utilizing decentralized GPU clusters on demand through IO Cloud, ParallelAI can scale its operations seamlessly, ensuring clients have reliable access to the computational power needed for intensive AI workloads, with potential savings of up to 90% compared to traditional cloud services.