Latest DePIN Funding News
2 months ago
Decentralized Infrastructure Projects Show Promise Despite Token Struggles
Decentralized physical infrastructure networks (DePin) are gaining traction with innovative projects in telecommunications, GPUs, and IoT devices. Projects like io.net, Helium, and Akash Network have shown significant fee generation, attracting investors and analysts. Despite token price struggles,
3 months ago
DePin Sector Update: ATOR Rebrands, Verida Raises Funds, Synternet Launches Mainnet
Decentralized Physical Infrastructure Networks (DePin) are making waves in the tech industry by facilitating decentralized projects in real-world infrastructure. ATOR Protocol has rebranded to Anyone, aiming to make internet privacy a standard for all users with its new Anon network. Meanwhile, Veri
3 months ago
Nubila Secures $2.5 Million in Funding for ESG Data Oracle Expansion
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 OrangeDA
3 months ago
DePIN Base Camp Selects Six Startups for Web3 Accelerator Program
The DePIN Base Camp, a Web3 accelerator program, has chosen six startups to participate in its 12-week program. These startups are developing applications and products that leverage digital networks, decentralized infrastructures, and data services. The program, run by Outlier Ventures in partnershi
3 months ago
MetaCannes 2024 Showcases AI and Blockchain in Film Festival
The MetaCannes Film3 Festival, a collaboration between Theta Network and The Squad, concluded on May 25, 2024, offering a tech-forward and inclusive cinematic experience. The event featured world premieres, live streaming, and a focus on empowering underrepresented voices in the film industry. Sian
4 months ago
Decentralized Energy Network Starpower Completes $2 Million Pre-Seed Funding Round with Participation from Alliance and Others
Decentralized energy network Starpower has completed a $2 million pre-seed funding round, with participation from Alliance, Arweave, IoTeX, Bas1s Ventures, and angel investors including Max Jungreis, Shen Bo, and Sal Gala. Starpower uses the DePIN model to connect energy power equipment like air con
4 months ago
IoTeX's DePIN Surf Accelerator Announces Demo Day for Cohort 1
IoTeX, a leading modular DePIN blockchain platform, is set to host a Demo Day for the first cohort of its DePIN Surf accelerator program on April 30, 2024. Launched in January 2024 with support from FutureMoneyGroup and ForesightX, the DePIN Surf accelerator is dedicated to supporting DePIN founders
6 months ago
IoTeX Secures $50M Investment to Expand DePIN
IoTeX, a decentralized Physical Infrastructure Network (DePIN) platform, has successfully secured a $50 million investment from a consortium of leading venture capital firms. This funding round, spearheaded by SNZ Capital, Foresight Ventures, FutureMoneyGroup, and Borderless Capital, aims to acceler