Latest DePIN Funding News

Mawari Network, a pioneering entity in spatial computing and decentralized physical infrastructure networks (DePIN), has announced a limited node license sale aimed at enhancing its 3D streaming technology. This initiative is timely, as the market for extended reality devices is expected to exceed 100 million units in the next five years. By facilitating a global decentralized infrastructure, Mawari aims to meet the growing demand for immersive experiences, positioning itself as a key player in the burgeoning multibillion-dollar spatial computing sector. The node sale is designed to scale the network, optimize performance, and ensure resiliency in delivering immersive content. The Mawari Network is built to support the demanding requirements of immersive experiences, featuring a Spatial Streaming SDK compatible with popular game engines like Unity and Unreal. This SDK empowers developers to create seamless, engaging content. The network operates on a globally distributed system of GPU nodes, ensuring low latency and high performance. Luis Oscar Ramirez, the CEO and Founder of Mawari, emphasized that the node sale allows operators to contribute to the global 3D content ecosystem while being rewarded for their participation. This innovative approach addresses the limitations of current cloud services in scaling spatial streaming technology. Scheduled for Q4 2024, the node sale will focus on establishing Guardian Nodes that are essential for monitoring performance indicators such as latency and bandwidth. These nodes will ensure the network can handle multiple immersive experiences simultaneously while maintaining high-quality standards. Mawari's collaborations with industry giants like Deutsche Telekom and Netflix, along with backing from prominent investors, solidify its leadership in decentralized spatial computing. As Mawari continues to redefine the landscape of immersive content delivery, the upcoming node sale represents a significant step toward realizing its vision for a community-driven spatial computing future.

The cryptocurrency markets have shown signs of recovery over the past month, with Bitcoin experiencing a significant rise of over 8,500 points, moving from $63,327 to $73,315. However, the DePIN sector has not mirrored this positive trend, as it has seen a decline of 8.7% during the same period, according to data from Artemis Terminal. This positions DePIN as one of the weakest performers among various sectors, despite its critical role in connecting Web3 with the real world. Analysts from BeInCrypto have identified five DePIN tokens that may have the potential to outperform the market in November, providing insights into their short-term support and resistance levels. Among the tokens analyzed, Bittensor ($TAO) has experienced a 15.21% drop, currently trading at $497.86. Analysts suggest that this decline presents a buying opportunity, considering its all-time high was near $800. The price is currently below the 20-day exponential moving average but above the 50-day average, with a target price of approximately $681.85 for November. Similarly, Filecoin ($FIL) is priced at $3.66, down 6.45%, with potential resistance at $3.85 and a target price of $4.29. JasmyCoin ($JASMY) and Livepeer ($LPT) have also faced declines of 17.04% and 24.07%, respectively, indicating the volatility within the sector. Lastly, Grass ($GRASS), which is still in its price discovery phase, is currently priced at $1.05. Analysts anticipate a potential rise to $2 as the altcoin market evolves. However, investors are cautioned to conduct their own research (DYOR) before engaging in trading, especially given the risks associated with the cryptocurrency market. This article serves as a reference and should not be construed as investment advice, emphasizing the need for caution in investment decisions.

PowerPod, a distributed charging network platform, has partnered with Arkreen, a DePIN-enabled green energy infrastructure network, to launch a groundbreaking $100 million Real World Asset (RWA) initiative. This project aims to accelerate the growth of the renewable energy sector by leveraging a vast network of photovoltaic power stations, charging stations, and battery swapping cabinets throughout Southeast Asia. The initiative will utilize associated carbon credits to issue DePIN-based RWA assets, enhancing the transparency, accessibility, and credibility of renewable energy investments through blockchain technology. The collaboration between PowerPod and Arkreen reflects a shared commitment to sustainable development via innovative financial solutions. By promoting the adoption of green energy infrastructure, this initiative not only supports the transition to a low-carbon economy but also opens new investment avenues for stakeholders. The project aims to convert distributed renewable energy assets into traceable and verifiable investment products, making sustainable finance more inclusive and impactful for a broader audience. PowerPod's focus on integrating DePIN technology into next-generation energy networks seeks to create a distributed and resilient charging ecosystem. Meanwhile, Arkreen connects and monetizes renewable energy resources, supporting global carbon neutrality efforts. This initiative marks a significant advancement in sustainable finance, transforming renewable energy assets into transparent and accessible investments, and paving the way for a carbon-neutral future.

Titan Network, a pioneering digital resource network, has successfully completed its seed round fundraising, led by Arrington Capital, with participation from DePINX and other notable investors. The primary goal of Titan Network is to create a comprehensive digital resource network that efficiently matches idle community resources with global demand, particularly in the DePIN (Decentralized Physical Infrastructure Networks) market. By developing a universal DePIN cloud service platform, Titan Network allows community members to contribute their idle hardware resources—such as computing power, storage, and bandwidth—while ensuring they are rewarded through built-in economic incentive mechanisms. This innovative approach aims to provide advanced, reliable, and high-quality cloud solutions for end users, positioning Titan Network as a decentralized alternative to traditional cloud services like AWS. The seed round, which will accelerate preparations for Titan Network's mainnet launch, has garnered significant attention due to the credibility of its lead investor, Arrington Capital. Founded in 2017, Arrington Capital has invested in over 200 startups within the crypto ecosystem, managing assets exceeding $1 billion. Another participant, DePINX, based in Singapore, manages $100 million in assets and boasts a team with experience from leading firms in the blockchain space. The funds raised will support key initiatives such as mainnet development, code auditing, community building, and marketing efforts, ensuring a robust launch for Titan Network. Since March 2024, Titan Network has successfully executed three rounds of testnets, deploying over 1 million nodes across more than 100 countries, validating its technical capabilities. Looking ahead, Titan Network plans to enhance the security of its multi-level containers and optimize products like Titan Storage and Titan Container for better user experience. To promote transparency, multiple smart contracts will be released, allowing for public visibility of resource interactions on the blockchain. Titan Network is also expanding its global team and invites interested candidates to apply, as it continues to advance the future of decentralized networks.

io.net, a leading decentralized physical infrastructure network (dePIN) for GPU clusters, has announced a strategic partnership with GAIB, an economic layer focused on AI and compute. This collaboration aims to democratize access to GPU computing resources, enhancing innovation and accessibility. With GAIB already serving as a key GPU supplier to io.net, the partnership will expand to include initiatives in strategic marketing, community engagement, technical integration, and business development. Tausif Ahmed, VP of Business Development at io.net, emphasized the natural evolution of their relationship, stating that the combination of io.net's decentralized GPU infrastructure and GAIB's innovative approach to GPU tokenization will unlock new possibilities for both communities. The partnership will explore various synergies, including compute tokenization, joint marketing efforts, and coordinated business development initiatives to identify new market opportunities. Kony Kwong, CEO of GAIB, expressed excitement about the collaboration, highlighting their shared mission to make AI compute accessible to everyone. Both companies plan to leverage their expertise to execute initiatives that may include technology evaluations, deployment planning, and publicity campaigns. This partnership represents a significant advancement in making high-performance GPU computing more accessible and efficient, creating new opportunities for GPU owners to generate yield from their assets.

In the rapidly evolving landscape of cryptocurrency, several projects are emerging as frontrunners in innovation and utility. Ondo Finance, Immutable X, Filecoin, and Qubetics are at the forefront, each contributing unique solutions to the digital finance ecosystem. Ondo Finance is bridging traditional finance (TradFi) with decentralized finance (DeFi) through innovative products like tokenized lending and yield strategies, allowing both institutions and retail investors to safely engage with DeFi protocols. Meanwhile, Immutable X is revolutionizing the NFT and gaming sectors by offering fast, zero-fee transactions on a layer-2 solution, utilizing ZK-rollup technology to enhance scalability and reduce environmental impact. Filecoin, on the other hand, is decentralizing data storage, incentivizing users to provide storage capacity and transforming the cloud storage industry into a more secure and distributed model. Among these trailblazers, Qubetics ($TICS) is gaining significant attention due to its impressive presale performance and innovative wallet conversion mechanism. This feature allows users to make transactions using $TICS tokens, which are automatically converted to stablecoins like USDT or USDC, ensuring merchants receive a stable value, thus mitigating the volatility commonly associated with cryptocurrencies. With the presale now in phase 6 and over $1.55 million raised, analysts predict a potential price surge to $0.25 by the end of the presale, presenting an enticing opportunity for early investors. The projected ROI could reach as high as 1,322.9%, making Qubetics a compelling option for those looking to capitalize on the burgeoning crypto market. As blockchain technology continues to advance, the potential for projects like Ondo Finance, Immutable X, Filecoin, and Qubetics to reshape the financial landscape is immense. Each of these initiatives not only addresses specific challenges within their domains but also exemplifies the transformative power of blockchain. With Qubetics’ presale momentum building and analysts forecasting significant price increases, now is the time for investors to consider their positions in these groundbreaking projects. As the crypto market evolves, staying informed and seizing opportunities will be crucial for maximizing returns in this dynamic environment.

Chloe Phung, co-CEO of U2U Network, recently shared insights into the evolving landscape of decentralized technologies during an AMA with Cointelegraph. She noted that while interest in projects like Filecoin began in 2017, significant momentum has been building over the past two years. U2U Network, backed by prominent investors such as KuCoin Ventures and IDG Blockchain, aims to facilitate the transition of Web2 companies to Web3. The platform is designed to support decentralized physical infrastructure networks (DePIN) and includes flagship projects like U2DPN, a decentralized VPN that addresses modern enterprise challenges, such as security vulnerabilities and high costs associated with traditional VPNs. U2DPN has already garnered over 60,000 users from more than 70 countries within a month of its launch. Phung emphasized that U2U Network's layer-1 platform boasts a superior Direct Acyclic Graph (DAG) architecture, which is particularly effective for high-volume microtransactions. The network has achieved impressive testing results, reaching 72,000 transactions per second (TPS) and targeting 500,000 TPS with full sharding. The Helios consensus protocol adds layers of protection to ensure security and decentralization while maintaining high scalability, making it suitable for applications in AI, DePIN, and IoT. U2U Network's innovative subnet technology allows for a sharing economy model, enabling node users to contribute resources like bandwidth and computing power. The recent public node sale saw all 1,000 slots sold within five hours, highlighting strong interest in the project. Phung acknowledged the competition from established Web2 giants but emphasized the importance of building awareness and demand for decentralized resources. She also addressed the challenges faced by women in the tech industry, expressing optimism for increased female leadership in Web3 startups. Overall, U2U Network is positioned to democratize access to powerful resources, benefiting both contributors and consumers alike.

Wall Street venture capitalists are making a significant shift in their investment strategies, moving away from traditional equities and embracing cryptocurrencies such as Ripple (XRP), Bittensor (TAO), and DTX Exchange (DTX). This trend is particularly evident as DTX Exchange has successfully raised over $6 million during its presale phase, attracting considerable attention from investors. The growing interest in these cryptocurrencies reflects a broader trend where investors are seeking disruptive assets that promise substantial growth potential, especially as established tokens like XRP and TAO gain traction in the market. Ripple (XRP) has emerged as a standout option for investors, driven by its increasing on-chain activity and the potential approval of a Ripple ETF. Recent data shows that XRP has reached a six-month high in activity, with a notable increase in transaction counts and new addresses. This surge indicates a growing investor interest, with transaction counts climbing to 1.5655 million, marking a 1.24% rise in just a few days. Such momentum positions XRP as a compelling long-term investment, appealing to venture capitalists looking for robust opportunities in the crypto space. In addition to XRP, DTX Exchange is gaining traction among Wall Street investors due to its attractive presale pricing and innovative features, including a loyalty program and social trading functionalities. These elements not only enhance user experience but also foster a strong trading community. Meanwhile, Bittensor (TAO), a blockchain-based AI project, is also capturing investor interest with its scalable network for AI applications. Despite a slight decrease in value, the positive outlook for Bittensor is bolstered by increasing community support and user engagement. Overall, the shift towards these cryptocurrencies signifies a transformative moment in investment strategies, with DTX standing out as a particularly promising option for long-term gains.

Uplink has recently announced a significant milestone, reaching 40,000 routers globally, which underscores the growing demand for decentralized wireless networks. This decentralized connectivity system aims to enhance existing and new internet infrastructures, making WiFi, 5G, and other cellular technologies more cost-effective worldwide. According to Uplink CEO Carlos Lei, this achievement reflects a shift towards mass adoption of decentralized internet solutions. He emphasized that integrating both existing and new wireless infrastructure into their ecosystem demonstrates the scalability and potential of decentralized connectivity to transform global wireless networks. The primary mission of Uplink is to reduce internet service costs for users by over 50%, with the potential for reductions of up to 90%. Lei pointed out that the digital divide remains a significant barrier to global internet access, particularly in regions facing inflation, corruption, and high infrastructure costs. Uplink's model allows individuals to contribute to the network using their existing devices or by deploying new ones, thereby earning passive income that can offset their internet expenses. This innovative approach aims to lower capital expenditure and operational costs for internet service providers, ultimately benefiting end-users. The decentralized physical infrastructure network (DePIN) industry is rapidly expanding, with an estimated total addressable market of over $2.2 trillion, projected to grow to $3.5 trillion by 2028. Uplink aims to capture at least 5% of this burgeoning market with its decentralized connectivity solution. Lei stated that this is not merely a theoretical concept but a practical and scalable solution that can revolutionize global internet access. With the right infrastructure and community support, Uplink is poised to support over 300 Internet of Things devices and help telecom companies save over 10% of their annual expenses by offloading internet traffic from existing infrastructures.

The DePin Grass project has officially commenced trading on multiple exchanges following a successful airdrop. Despite facing some selling pressure from the airdrop, the price of the GRASS token briefly exceeded $1, driven by a significant increase in trading volume. Initially, GRASS was trading at around $0.73 in the pre-market, but after its listing, it surged from a low of $0.65 to a high of $1.10. This remarkable price movement suggests that the market has assigned a fully diluted valuation (FDV) of over $1 billion to GRASS, highlighting strong investor interest in this newly launched token. However, the price later retraced to $0.87, still higher than its pre-market level, indicating sustained optimism among investors. Data from CoinGecko shows that GRASS has surpassed the daily trading volumes of established tokens like Bittensor (TAO) and Filecoin (FIL), with nearly $225 million traded, making it the leading token in the DePin trading volume category. A discussion has emerged regarding GRASS's initial circulating supply, which is stated to be 25% of the total 1 billion tokens. An investor's analysis suggests that the actual circulating supply may be as low as 5-6%. This discrepancy raises concerns about the potential risks associated with investing in GRASS, especially given its high FDV combined with a limited circulating supply. The linear unlock process for GRASS will continue until 2028, with daily unlocks potentially exerting long-term selling pressure on the token's price. As a DePin project developed by Wynd Network, GRASS rewards active users for sharing their internet resources through a browser extension.