Latest DePIN Token Launch News

Aethir, a Decentralized public infrastructure network, has launched its cloud network on the Ethereum mainnet, enabling data centers and crypto mining firms to contribute idle GPU resources. The platform serves AI companies, gaming studios, and operates across Southeast Asia, Latin America, and North America. Aethir has reached a $150 million valuation after a pre-funding round and introduced a staking program for users to grow its distributed GPU network, offering rewards from gaming and AI partners.

DePin's Aethir has achieved a significant milestone with its ATH token listing on over 16 centralized crypto exchanges, including OKX, Gate.io, and Bitfinex. The ATH token plays a crucial role in the ecosystem, serving as a medium of exchange, governance, staking, and ecosystem support. Crypto analyst Hitesh Malviya predicts a fully diluted valuation of $3 billion for ATH tokens, comparing it to Akash Network's AKT token. Despite some community disappointments, Aethir's approach of aggregating unused and new GPUs from various sources has attracted over 200,000 users and more than 20 node locations globally. The project has raised over $150 million from its node sales, providing a strong financial backing for sustainable growth.

Binance has listed the IO token from the Decentralized Physical Infrastructure Network (DePin) project, trading since June 11th. The IO token, valued at around $3.78, has a fully diluted valuation of approximately $3 billion, making it a significant player in the ecosystem. It serves as the main currency for services, transactions, and fees within the io.net network, also rewarding contributors for their GPU power. Crypto analysts have compared IO tokens with similar projects like Render (RNDR), estimating a potential FDV for io.net between $2.5 to $4 billion. With io.net boasting 21,784 GPUs, surpassing competitors, the IO token shows promise for growth post-listing. The project's decentralized computing network addresses the high costs of GPUs needed for AI model training by offering substantial computing power at reduced costs, positioning io.net as a potential leader in the 'Internet of GPUs'.

Yat Siu, co-founder and chairman of Animoca Brands, believes that gaming will be the primary catalyst for mass adoption of blockchain technology. He predicts that mass adoption could occur within the next 12 to 18 months due to the increasing availability of tools for distributing Web3 applications. Siu also discussed the metaverse, stating that it is not dead and that it begins with owning digital property, not just virtual worlds. He envisions a thriving open metaverse that is already valued at $2.5 to $2.6 trillion.

Ahmed Shadid, co-founder and CEO of IONET, a decentralized AI computing and cloud platform, has resigned amid allegations of fraudulent activities. Shadid's decision aims to allow the company to grow without distractions. COO and co-founder Tory Green will assume the CEO role. Shadid expressed gratitude to the team and community, donating 1M IO tokens to the ecosystem. IONET's unique tokenomics and recent selection by Binance as its 55th Launchpool project signal a promising future for the platform.

Avalanche (AVAX) is on a bullish run, aiming to break the $60 resistance level, while Filecoin (FIL) is expanding its ecosystem with the innovative FilOz team. Meanwhile, BlockDAG (BDAG) is making significant strides with a 1000% increase in its presale price, raising $46.8 million from over 11.2 billion coins sold. Crypto analysts predict BDAG could reach $1 in 2024, $10 by 2025, $20 by 2027, and $30 by 2030. The X100 miner, with its 2 TH/s hash rate and energy-efficient design, is a key driver of BlockDAG's success, offering profitability and scalability for miners. As the crypto market evolves, BlockDAG's technological advancements and community engagement position it as a top-performing investment opportunity.

The 'AI+DePIN Technology and Application Summit', hosted by AIConnect and co-organized by JuCoin, successfully concluded in Ho Chi Minh City, marking significant progress in the integration of AI and DePIN technologies. The event featured speeches from industry leaders, including Tony Tong, President of the Hong Kong Blockchain Association, who emphasized the revolutionary impact of AI+DePIN on various industries. James, a board member of Exor Digital Holdings, introduced JuCoin Exchange, a platform dedicated to financial freedom and technological innovation. Andrew Wilson, co-founder of JuCoin Labs, highlighted their role in advancing blockchain technology and the Web3 ecosystem. Jonathan Frank, CMO of AIConnect, presented AIConnect as a decentralized computing network, aiming to lead the AI computing and blockchain industry into a new era. Alexx, AIConnect Community Ambassador, shared insights on the future of computational power and AI services. The summit showcased the potential of AI and DePIN integration to drive innovation and development in the fintech industry.

Bitfinex, a prominent digital asset trading platform, is set to list ATH, the native token of Aethir, a decentralized cloud infrastructure provider that specializes in AI and gaming. Aethir operates as a decentralized physical infrastructure network (DePIN), offering high-speed, scalable enterprise-grade cloud services suitable for resource-intensive applications like Bitcoin mining and AI. The ATH token serves various utilities within the Aethir ecosystem, including payment for services, governance voting rights, and staking opportunities, with a total supply of 42 billion tokens. Henry Child, Head of Tokens at Bitfinex, highlighted the significance of Aethir's approach to distributed cloud computing in addressing the GPU shortage in the tech industry. ATH deposits are expected to open on June 10, 2024, with trading commencing on June 12, 2024, against US Dollars and Tether tokens. Users must adhere to Bitfinex's terms of service, with U.S. persons and other prohibited individuals restricted from using the platform.

Binance Launchpool introduces IO.NET, a decentralized AI computing and cloud platform, with staking options for BNB and FDUSD to earn IO tokens. The token will be listed on Binance with various trading pairs and a seed tag. Users must complete KYC for staking, and rewards will be calculated hourly, with real-time updates on APY and pool balances. Binance BNB Vault and Locked Products will support the Launchpool, and users can unstake funds without delay. Participation is subject to eligibility based on the user's country of residence.

FilOz, a new team within the Filecoin ecosystem, is focused on securing and expanding the Filecoin protocol. With a mission to drive innovation and collaboration, the team works on protocol improvements, network upgrades, and maintaining open-source software. In 2024, Filecoin aims to integrate various networks through Layer 2 solutions, make Filecoin a fundamental storage layer for web3, and expand the economy and community. FilOz's priorities include accelerating storage adoption, enhancing Filecoin's utility with cross-chain interoperability, simplifying maintenance, growing the community, and expanding the economy. They invite individuals and teams to contribute to the mission and have secured initial funding from the Protocol Labs Filecoin Public Goods Fund.