Latest DePIN Token Launch News

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 Morson, founder of The BlkChain, curated a Short Film Block highlighting BIPOC voices, while Herflix sponsored a women-focused content feed and hosted the Better World Foundation gala. Swan Sit, known as the 'Queen of Clubhouse,' hosted the Herflix gala, which was attended by notable figures such as Juliette Binoche and Lang Lang. The festival introduced the Next Wave of Cinema Awards, with 'FREE FALL' winning the Grand Jury Golden Wave Award and 'FALLING FROM GRACE' receiving the Special Jury Prize for AI Cinema. MetaCannes emphasized AI's role in filmmaking through its MetaCannesNEXT segment, showcasing AI's impact on storytelling and distribution. Attendees enjoyed exclusive screenings of award-winning short films and new works by innovative filmmakers. Powered by Theta Network's NFT-based digital rights management, the festival provided a secure and transparent platform for film access. The event also launched exclusive NFT passes, enhancing the viewer experience with blockchain technology and offering access to creators in a token-gated Discord channel.

At the IO Summit, io.net unveiled its decentralized physical infrastructure network, demonstrating recent achievements and future plans. The June 4 keynote featured CEO Ahmad Shadid and notable guests like Solana's Anatoly Yakovenko. io.net raised $30M in Series A funding, increasing its valuation and adoption. Shadid expressed excitement about scaling the internet of GPUs, launching io.net Cloud, and meeting demand for a scalable Decentralized Physical Infrastructure Network (DePIN). The team also shared updates on developing utilities for DePIN.

SNPad, a Web3 platform that pays viewers for watching commercials, is set to list its token on Uniswap on June 4, 2024. The platform uses AI and blockchain to deliver personalized ads to households, offering a more engaging and targeted advertising experience. Users can earn up to 70% of ad revenue in SNPAD tokens. SNPad aims to revolutionize TV advertising for the 1.72 billion global households, providing a new way for viewers to earn while watching commercials. The platform has already received accolades, including the 'Best Blockchain Startup' award at Crypto Expo Europe 2024.

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. DePIN, a technological paradigm, covers any web-3 application with a physical element, including edge-AI and virtual power plants. The first cohort, which was officially launched at the R3al World event at ETHDenver, features seven startups preparing for their Token Generation Event (TGE) and global launch. During the two-month program, founders receive a $50k investment and comprehensive support from the IoTeX core team and a group of elite mentors. The program includes workshops on raising series-A funding, DePIN tokenomics, and community management fundamentals, as well as presentations at global web-3 events. DePIN has been gaining traction in web-3 circles as a key to connecting the crypto industry with the global population of non-crypto natives who rely on reliable physical infrastructure. The number of DePIN projects has grown exponentially from less than a hundred in late 2022 to over a thousand at the time of writing. However, DePIN projects face challenges such as designing and executing hardware manufacturing and distribution, which can take several years, in addition to building the tech stack that includes firmware, middleware, and software. DePIN Surf provides these projects with the support they need. The projects presenting at the Demo Day include: - Inferix: A decentralized GPU computing platform for visual computing and AI inference, with a major market share in Southeast Asia, India, and other developing markets. - Wayru: The world's first DePIN to partner with the UN to tackle the global connectivity crisis, using blockchain and the $WAYRU token to incentivize hotspot deployment and management. - PowerPod: A decentralized EV charging network providing reliable and accessible charging solutions for electric vehicles worldwide. - Network3: A dedicated AI layer-2 providing services to AI developers, helping them train and validate models quickly and efficiently. - StarPower: An AI and Web3-powered global energy network connecting devices in energy generation, storage, and consumption scenarios. - ATOR: A privacy protocol creating a safer, private layer for the internet through its DePIN routing network and signature hardware and software SDK. - DePHY: A decentralized off-chain data messaging network designed to empower DePIN projects to deploy faster and cheaper. IoTeX is a modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains, enabling developers to integrate Web3 into everyday life through various innovations. With the launch of W3bstream, IoTeX has become a leading Decentralized Physical Infrastructure Network (DePIN) technology provider, connecting billions of smart devices, machines, and sensors across the physical and digital world.