Latest DePIN Funding News

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.

Nexo, a prominent player in the digital assets sector, has unveiled a significant rebranding and platform redesign on Bitcoin Whitepaper Day, marking its transition from a crypto lending pioneer to a comprehensive digital assets wealth platform. This evolution is driven by extensive client research involving 5,000 users across 23 countries, highlighting the growing demand for sophisticated digital asset solutions. The new platform features a refreshed logo, website, and user interface, aligning with Nexo's mission to empower investors in growing, preserving, and utilizing their wealth in an increasingly digital landscape. The rebranding reflects Nexo's commitment to adapting to the maturing crypto environment, where 65% of institutional investors and 72% of retail investors view digital assets as essential for wealth-building. Kosta Kantchev, Nexo's Co-founder and Executive Chairman, emphasized the company's 'Wealth Forward' philosophy, which aims to provide independent investors with smarter, flexible ways to manage their wealth. With over $320 billion in processed transactions and a robust business model, Nexo is well-positioned to lead the next generation of wealth in the digital asset space. Nexo's new visual identity symbolizes its focus on client prosperity and innovative solutions, integrating elements that represent human resilience and exponential growth. The platform's 360° product suite caters to the needs of high-net-worth individuals, offering flexible savings options, advanced crypto tools, and global access through the Nexo Card. As Nexo continues to evolve its offerings, the company is committed to ensuring compliance and security, solidifying its position as a leader in the digital assets wealth management sector, while providing tailored solutions and 24/7 client care to meet the demands of its discerning clientele.

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.

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.

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.

In an era where technology and sustainability intersect, PowerPod is championing the mantra of "People’s Power, People’s Coin" to make energy and innovation accessible to all. The project uniquely blends the enthusiasm for DOGE Coin and Tesla with advanced energy solutions, aiming to reward both Doge and Tesla enthusiasts while promoting eco-friendly practices. With a community that includes over 7 million Tesla users and a robust DOGE Coin fanbase, PowerPod is poised to make a significant impact, especially as 65% of its early adopters are Tesla owners. This initiative seeks to harness community efforts to reduce emissions across the U.S. and globally, driving forward a movement towards sustainable energy. PowerPod is developing a decentralized energy network that personalizes energy management, making it sustainable and widely accessible. The core mission is to empower individuals to take control of their energy sources, support sustainability initiatives, and foster innovation. As part of this vision, PowerPod will issue its utility token, $PT, through an airdrop targeted at DOGE Coin holders and Tesla owners on the Binance Smart Chain (BSC). This strategy aims to enhance the charging infrastructure, facilitating a smoother transition to clean energy and promoting a future where energy-conscious choices are the norm. The integration of DOGE Coin for electric vehicle (EV) charging represents a significant step towards encouraging greener transportation options. By allowing Tesla and other EV drivers to utilize DOGE for charging, PowerPod is merging cryptocurrency enthusiasm with eco-friendly practices. This initiative serves as a rallying call for DOGE and Tesla owners to unite in building a sustainable future. Through shared values and community engagement, PowerPod aims to transform passion into action, creating a cleaner, greener world—one charged EV at a time.

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.

In the latest developments within the cryptocurrency market, Bittensor's token, TAO, has seen a remarkable surge of 7.1% over the past 24 hours, with its trading volume skyrocketing by 104%. This surge coincides with a broader upswing in the crypto market, where Bitcoin has reached an impressive price of $71,500. As a result, many altcoins are benefiting from this bullish trend, but TAO has emerged as a standout performer, trading at $544 at the time of reporting. Other AI-themed coins, such as Injective (INJ) and Near Protocol (NEAR), have also experienced gains, but none have matched TAO's performance. The upward momentum for TAO is further supported by market analysis indicating a growing bullish sentiment among investors. The Long/Short Ratio for Bittensor suggests that long position holders are currently dominating the market, with 50.96% of positions being long. This indicates that most investors are optimistic about the future price movements of TAO. Additionally, the positive funding rate observed over the past week reinforces this bullish outlook, as it shows that long position holders are willing to incur premium fees to maintain their positions during market downturns. As TAO continues to gain traction, technical indicators such as the Relative Strength Index (RSI) have shown an increase from 45 to 50, suggesting rising buying pressure. If the current positive sentiment persists, TAO is well-positioned to reclaim the $584 resistance level. However, if this price increase is driven by speculation alone, there is a risk of a potential decline to $463. Overall, the current market dynamics indicate a favorable outlook for TAO, with the potential for further gains in the near future.

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.

Grass is an innovative decentralized physical infrastructure network (DePIN) project built on the Solana blockchain. It allows users to share their idle internet bandwidth, enabling them to earn passive income while contributing to AI training companies. Participants receive Grass Points, which will later be used as criteria for airdrop distributions. The project aims to transform unstructured web data into structured datasets through its two main components: Grass nodes and Sovereign Data Rollup, which work together to facilitate data sourcing and transformation. The Grass project has successfully raised $4.5 million through two funding rounds, with notable investors including Polychain Capital and Tribe Capital. The development team remains largely anonymous, with Andrej Radonjic, co-founder of Wynd Network, being the only member to disclose his identity. Grass is also partnering with Solana Phone – Saga to integrate its application into mobile devices, as well as Alignment Lab AI, which focuses on developing large language models. This collaboration is expected to enhance the project's capabilities and reach. To participate in the upcoming airdrop, users must register as bandwidth providers and follow a series of installation steps. The project has implemented a referral system that incentivizes users to invite others, allowing them to earn additional points based on their referrals' activities. However, participants are advised to exercise caution, as there are inherent risks associated with sharing bandwidth and installing the necessary software. Overall, Grass presents an accessible opportunity for users to engage in the blockchain ecosystem while contributing to the advancement of AI technologies.