Latest DePIN Funding News

MVL to Launch Mainnet on Base Layer 3 Network and Expand Ecosystem into the U.S. cover
a month ago

MVL to Launch Mainnet on Base Layer 3 Network and Expand Ecosystem into the U.S.

MVL, a pioneering blockchain mobility company, has announced a significant collaboration with Base chain to launch its mainnet on Base's recent layer 3 network. This development marks a crucial evolution in MVL's ecosystem, positioning it as a leader in blockchain-powered mobility solutions. MVL has been dedicated to creating a mobility ecosystem based on fairness and transparency, but scaling challenges have hindered its growth. Over the past six years, MVL has focused on building real-world infrastructure and ensuring utility before this mainnet launch. Its ecosystem now includes innovative services such as TADA, ONiON Mobility, DePIN, and Musubi, all designed to enhance user experience and operational efficiency. The launch of MVL's mainnet on Base's Layer 3 network is a strategic decision that promises to enhance the scalability and efficiency of its services. Base's network offers the security, low fees, and scalability necessary for MVL's expanding ecosystem. By compressing transactions into batches and recording them on the Ethereum mainnet, MVL can efficiently handle large volumes of data and transactions. This integration will also enhance the utility of MVL's native token, driving adoption and expanding its role within the ecosystem. The collaboration with Basechain is expected to unify MVL's services, which were previously separate, into a cohesive and scalable platform. In addition to the mainnet launch, MVL has signed a Memorandum of Understanding with CO-OP, a community-owned ride-sharing platform, to expand its ecosystem into the United States, starting with Colorado. This partnership aligns with MVL's mission to promote fair fare distribution among drivers, mirroring TADA's zero-commission model. By developing an application system for mobility service providers, MVL aims to foster a more decentralized mobility network, offering fairer fares and improved services compared to traditional platforms. This strategic move not only enhances MVL's offerings but also sets a new standard for driver-focused mobility solutions in the U.S.
Team Rizzo Secures $25 Million Insurance Coverage Against Hacking Risks cover
a month ago

Team Rizzo Secures $25 Million Insurance Coverage Against Hacking Risks

Team Rizzo, which operates subnets and validator services on Bittensor, has successfully secured $25 million in blockchain-based insurance coverage to mitigate hacking risks. According to Coindesk, this coverage was arranged by Native, a digital asset insurance broker specializing in protecting blockchain-related businesses. The insurance is specifically designed to safeguard Rizzo’s validator services and machine learning operations on Bittensor, an AI-driven cryptocurrency network. This move comes in response to the increasing threat of smart contract hacks, which can result in significant token losses, particularly affecting the network's proof-of-stake consensus mechanism. The urgency for such coverage is underscored by recent incidents, including a $1.5 billion loss suffered by Bybit, a major cryptocurrency exchange, due to hackers associated with North Korea. Founded in 2019, Nexus Mutual has been a pioneer in providing blockchain-based insurance, encouraging its community to pool assets into syndicates that cover various crypto-related risks. Native, which manages one of the largest capital pools on Nexus Mutual, also connects clients to traditional insurance markets like Lloyd’s of London for specific crypto insurance needs. The rapid arrangement of the $25 million coverage for Team Rizzo has drawn attention, as it was completed in just four weeks. Native co-founder Dan Ross highlighted the significance of this achievement, noting that it is the first instance of Bittensor being underwritten. Team Rizzo's initiative to secure their own policy aims to instill confidence in potential validators, encouraging them to stake their assets with assurance. This development reflects a growing trend in the cryptocurrency sector, where the demand for insurance solutions is increasing amidst the rising incidence of hacks and exploits. With limited insurance options available, especially in decentralized finance (DeFi) and staking, the swift response from Native demonstrates the potential for innovation in the insurance landscape. The introduction of tailored insurance products for blockchain projects not only enhances security but also fosters trust among users, ultimately contributing to the stability and growth of the cryptocurrency ecosystem.
HashPower Secures $50 Million Investment for $HPX at AI & DePIN Powerhouse Event cover
a month ago

HashPower Secures $50 Million Investment for $HPX at AI & DePIN Powerhouse Event

HashPower recently announced a significant milestone by signing a Memorandum of Understanding (MOU) that secures up to $50 million in investment for its token $HPX. This announcement was made during the AI & DePIN Powerhouse event held in Hong Kong, which attracted over 2,000 attendees, including industry leaders, investors, and innovators. The event featured engaging panels and discussions on the future of decentralized AI and infrastructure, emphasizing the importance of collaboration in driving technological advancements within the blockchain ecosystem. The strategic partnership established through this MOU involves several key players in the industry, including Aethir, Network3, and IoTeX, among others. The collaboration aims to foster growth in the decentralized infrastructure space by focusing on resource sharing, joint research initiatives, and targeted investments. This initiative is expected to propel the development of AI-powered decentralized infrastructure, enhancing the capabilities and efficiency of various applications within the blockchain domain. In addition to the investment announcement, the AI & DePIN Powerhouse event showcased innovative projects like Network3, which is building a decentralized Edge AI infrastructure, and Autonomys, a decentralized AI stack designed for high-throughput applications. The event highlighted the evolving landscape of crypto mining, AI, and decentralized hardware infrastructure, setting the stage for future advancements in these interconnected fields. HashPower continues to lead the charge in revolutionizing the mining industry, making it more accessible and transparent for participants worldwide.
Top Cryptocurrencies to Watch: Investment Opportunities in the Evolving Market cover
a month ago

Top Cryptocurrencies to Watch: Investment Opportunities in the Evolving Market

The cryptocurrency market continues to attract a diverse range of investors, driven by the promise of significant market opportunities. As various crypto-enabled projects emerge, some have distinguished themselves through robust technological solutions and sustainable growth strategies. This article highlights five cryptocurrencies that are currently gaining traction, focusing on their unique features, tokenomics, and investment potential, which can guide investors in making informed decisions. Among the notable projects is DexBoss (DEBO), which aims to simplify the decentralized finance landscape by offering an intuitive trading experience. With access to over 2,000 cryptocurrencies, DexBoss ensures liquidity and seamless transactions, which are crucial for both novice and experienced traders. The ongoing presale has already raised $586,984 towards its $750,000 target, with a current offer price of $0.011, significantly lower than the planned listing price. The platform's innovative buyback and burn mechanism enhances scarcity and drives long-term value appreciation for token holders. Another project to watch is Aureal One (DLUME), a blockchain-based gaming platform that promises quick and secure operations tailored for play-to-earn environments. The presale has garnered $3,242,651 of its $4,500,000 target, with a nominal price of $0.0013. Additionally, yPredict (YPRED) leverages artificial intelligence to provide traders with data-driven insights, enhancing trading strategies. The Graph (GRT) plays a critical role in the blockchain ecosystem by facilitating efficient data indexing for decentralized applications. Lastly, VeChain (VET) enhances supply chain management through its dual-token system, making it a preferred choice for enterprises. Each of these projects presents unique investment opportunities in the evolving cryptocurrency landscape.
Top-Trending Cryptos: Aptos, Bittensor, and BlockDAG's Surge cover
a month ago

Top-Trending Cryptos: Aptos, Bittensor, and BlockDAG's Surge

In the ever-evolving world of cryptocurrencies, three coins have emerged as top-trending assets, each with its unique market dynamics. Aptos (APT) is approaching a critical price level of approximately $6.25, a point that has historically acted as both resistance and support. Analysts suggest that if Aptos rebounds from this level, it could surge towards $7.00. Conversely, a drop below $6.25 may lead to further declines, testing lower support around $5.875. Traders are advised to monitor this situation closely, as the outcome could significantly influence Aptos's short-term trajectory. Meanwhile, Bittensor (TAO) is experiencing a bearish trend, currently priced at $410.70, with intraday losses of 4.58%. The coin is hovering near a crucial support level at $410, and if this fails to hold, it could plummet to the 300-250 range, marking a potential 49% decrease. The technical indicators, including the 50-day moving average crossing below the 200-day average, suggest a negative market sentiment, making it a precarious position for long-term investors. On a more positive note, BlockDAG (BDAG) is witnessing a remarkable presale, nearing $200 million, bolstered by its partnership with Italian soccer club Inter Milan. This collaboration is not only enhancing fan engagement through exclusive content and digital collectibles but is also driving significant interest in blockchain technology. With analysts predicting a potential price of $1 by 2025, many traders are eager to invest in BDAG, currently priced at $0.0248. The growing adoption and impressive presale performance indicate that now may be the ideal time for investors to capitalize on this opportunity before prices escalate further.
Coldware (COLD) Aims for $200 Million Presale, Challenging Solana in DePIN Sector cover
a month ago

Coldware (COLD) Aims for $200 Million Presale, Challenging Solana in DePIN Sector

Coldware (COLD), an emerging Layer-1 blockchain project, is making waves in the decentralized infrastructure (DePIN) sector with plans to raise $200 million in its presale. This ambitious funding goal positions Coldware as a potential leader in Real-World Asset (RWA) tokenization and Web3 infrastructure, directly competing with established platforms like Solana. The project aims to leverage its scalable technology and the newly introduced DePIN Mobile initiative to facilitate massive adoption and transform how assets are tokenized and managed on the blockchain. One of the standout features of Coldware is its DePIN Mobile initiative, which seeks to revolutionize Web3 mobile devices. Unlike traditional blockchain networks that focus primarily on decentralized finance (DeFi) and non-fungible tokens (NFTs), Coldware is creating a framework that integrates seamlessly with mobile technology. This innovative approach aims to enable secure peer-to-peer communication, decentralized storage, and real-time on-chain applications, all while eliminating the need for centralized cloud services. By utilizing a high-speed consensus mechanism, Coldware is set to process transactions more efficiently than existing Layer-1 networks, attracting the attention of institutional investors and tech firms. As Coldware's presale unfolds, it is drawing significant interest from venture capital firms and institutional investors who are eager to tap into the $10 trillion market for tokenized real-world assets. The project’s unique proposition allows for the fractional ownership of various physical assets, creating new investment opportunities for both retail and institutional players. While Solana faces challenges with liquidity and declining decentralized exchange activity, Coldware is rapidly building a robust ecosystem that could redefine the DePIN and RWA sectors. Investors are keenly observing this presale, as its success could herald one of the most disruptive blockchain projects of the decade.
Zuvu AI and Vana Partner to Enhance Decentralized AI in Bittensor cover
a month ago

Zuvu AI and Vana Partner to Enhance Decentralized AI in Bittensor

On February 26, Zuvu AI and Vana announced a strategic partnership aimed at enhancing decentralized artificial intelligence within the Bittensor ecosystem. This collaboration seeks to create a more open and financially sustainable AI environment by integrating various layers of the decentralized AI stack. Zuvu AI, formerly known as SocialTensor, brings valuable experience from scaling four Bittensor (TAO) subnets, while Vana contributes its innovative user-owned data network, recently advised by Binance founder Changpeng Zhao. Together, they aim to test a new model of AI development that emphasizes collaboration and sustainability. Art Abal, Managing Director at Vana Foundation, highlighted that the partnership effectively integrates Vana’s data layer, Bittensor’s subnet network, and Zuvu’s economic layer to enhance Vana’s DataDAO ecosystem. This integration addresses significant challenges in AI development by allowing models, agents, and data to be invested in, staked, traded, and monetized. With the AI market projected to reach trillions by 2032, this collaboration positions itself to create new opportunities in a rapidly expanding market, as Zuvu powers the AI economy layer. The partnership's strategic integration into Bittensor leverages its incentive-driven network to scale AI development effectively. By merging user-owned data with permissionless computing and economic incentives, this collaboration reflects the disruptive nature of decentralized finance (DeFi) in traditional finance. The partnership is expected to enhance the diversity of Bittensor’s subnets, support the expansion of Vana’s DataDAO, and establish Zuvu as a leader in AI financialization, potentially influencing industry practices. This initiative aligns with the growing trend toward open-source artificial intelligence and responds to the demand for alternatives to centralized AI giants.
Kage App: Revolutionizing Geolocation with DePIN Technology cover
a month ago

Kage App: Revolutionizing Geolocation with DePIN Technology

The Kage App by Chirp is making waves in the Web3 gaming landscape as the world's first DePIN (Decentralized Physical Infrastructure Network) game with real-world utility. Users can earn rewards by contributing to a crowdsourced geopositioning database, which has already seen impressive engagement. In just three months, from November 2024 to February 2025, users have scanned over 2 billion unique networks, including 481 million Wi-Fi hotspots and 25 million cell towers. This rapid growth starkly contrasts with traditional Web2 competitors like WiGLE, which took 19 years to reach a mere 551 million networks. The foundation of Kage lies in the concept of wardriving, where users scan for wireless networks while moving through an area. Chirp has gamified this activity, transforming it from a niche practice into a community-driven initiative that builds a decentralized location database capable of replacing GPS in various applications. Unlike many Play-to-Earn games that lack real utility, Kage focuses on creating a geolocation system that can function effectively without reliance on GPS, particularly in areas where traditional systems fail, such as indoors or during GPS jamming. Chirp's geolocation database leverages various wireless signals, including Wi-Fi, cell towers, and Bluetooth, to estimate device locations. This innovative approach not only enhances navigation in challenging environments but also opens up new possibilities for applications in military, IoT, and child safety. As Chirp continues to expand its database, it is poised to capture a significant share of the projected $472 billion GPS market by offering a decentralized and more efficient alternative. Kage is not merely a game; it represents the dawn of a new era in location technology, emphasizing community involvement and real-world applications in the process.
HAKUHODO KEY3 Partners with DIMO to Revolutionize Automotive Data in Japan cover
a month ago

HAKUHODO KEY3 Partners with DIMO to Revolutionize Automotive Data in Japan

On February 26th, 2025, HAKUHODO KEY3 Inc., based in Tokyo, announced a strategic partnership with the DIMO Foundation to enhance the connected car experience in Japan. This collaboration aims to develop innovative products and services utilizing blockchain technology within the automotive sector. DIMO, a DePIN (Decentralized Physical Infrastructure Network) project founded in the US, focuses on addressing challenges in the automotive industry by creating a decentralized ecosystem that interlinks digital and physical infrastructures. This partnership signifies a significant step towards integrating web3 technology into the automotive landscape in Japan. DIMO's Co-Founder, Alex Rawitz, emphasized the importance of collaboration in building a connected vehicle future, stating that HAKUHODO KEY3's extensive connections within the automotive industry make them an ideal partner. The partnership is expected to facilitate the implementation of DIMO's platform in Japanese vehicles, allowing drivers to connect their cars to a data ecosystem. This initiative aims to provide users with greater control over their vehicles and data, enhancing privacy while creating new services and economic opportunities. HAKUHODO KEY3's CEO, Toshinori Shigematsu, expressed enthusiasm for the collaboration, highlighting the potential of DIMO's technology to drive mass adoption of web3 solutions. As the automotive industry evolves, this partnership represents a pioneering effort to merge traditional automotive practices with cutting-edge blockchain innovations. Both companies are committed to fostering a seamless integration of web3 technologies, ultimately aiming to improve customer experiences and contribute to the growth of the automotive market in Japan.
Coldware and Render: Key Players in the DePIN Sector cover
a month ago

Coldware and Render: Key Players in the DePIN Sector

The decentralized physical infrastructure network (DePIN) sector is witnessing significant developments, particularly with two standout projects: Coldware (COLD) and Render (RENDER). Coldware is redefining the integration of blockchain with real-world asset (RWA) tokenization and payment finance infrastructure, while Render focuses on revolutionizing distributed GPU rendering. As the Web3 landscape evolves from mere speculation to practical applications, both projects are positioned for substantial growth, potentially achieving a remarkable 5000% surge in the coming years. Coldware (COLD) is at the forefront of the next evolution in DePIN and Web3 utility, expanding its influence beyond GPU distribution. It is introducing blockchain-integrated hardware devices, such as smartphones and digital wallets, aimed at creating a decentralized financial ecosystem. This innovative approach not only enhances the utility of blockchain technology but also facilitates the tokenization of RWAs and the development of PayFi solutions, which are essential for mainstream adoption. On the other hand, Render (RENDER) has established itself as a leader in decentralized GPU computing, connecting digital artists and developers with distributed GPU power. By allowing users to monetize their idle GPU resources in exchange for RENDER tokens, the platform has garnered significant partnerships with major industry players. However, as competition within the DePIN ecosystem intensifies, Coldware's comprehensive infrastructure model may provide it with a competitive edge. The question remains whether Coldware will surpass Render in the anticipated 5000% growth, as it integrates blockchain into everyday life, potentially driving the next wave of decentralized adoption.
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