Latest DePIN Token Launch News

Bitrue, a top cryptocurrency exchange, has launched a 3-week ATH Trading Marathon with a prize pool of 1,180,000 ATH. The event follows the listing of Aethir (ATH) on Bitrue on June 12, 2024. The trading marathon, running from June 13 to July 4, 2024, is part of the Aethir Launch Week campaign, which includes various activities and events to engage and reward the Bitrue community. The campaign features an AMA session with Aethir's co-founder, a trading competition, and a staking campaign for Aethir (ATH) and Bitrue Token (BTR). Aethir ATH is a decentralized project providing on-demand GPU infrastructure for gaming, AI research, and development. Bitrue, launched in 2018, is a digital asset exchange supporting trading, loans, and investments, aiming to bring financial opportunities to everyone using blockchain technology.

Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the technological landscape. DePIN projects, which combine blockchain with physical infrastructure, are set to transform resource management and information processing in 2024. Here's a look at the top AI & DePIN projects to watch this year: DePIN projects integrate digital blockchain capabilities with physical infrastructures like data storage and power grids. They aim to disrupt sectors traditionally controlled by central authorities. Notable projects include: - **Filecoin (FIL)**: A decentralized storage network where users can rent out space for filecoin tokens. With over 1.7 billion EiB of data stored, Filecoin has introduced smart contracts through the Filecoin Virtual Machine (FVM). - **Helium (HNT)**: A decentralized wireless network for IoT devices, using a Proof of Coverage consensus algorithm. It incentivizes network coverage through HNT tokens. - **Akash Network (AKT)**: An open-source cloud computing platform connecting server owners with users needing cloud resources, operating on the Tendermint blockchain. - **NEAR Protocol**: A community-powered cloud platform with high transaction speeds, simplifying developer experiences with intuitive features. - **Arweave (AR)**: Known as 'the permaweb,' Arweave offers indefinite data storage through its blockweave technology. - **Theta Network (THETA)**: A blockchain-based video streaming network where users earn tokens by sharing bandwidth and compute resources. - **Render Network (RNDR)**: A decentralized GPU network for 3D rendering, connecting node operators with artists and developers. - **Node AI (GPU)**: Provides access to GPU and AI technologies, allowing users to participate in the AI ecosystem. - **Streamr (DATA)**: A decentralized data exchange for real-time data transactions, incentivizing data providers and consumers. - **Bittensor (TAO)**: Combines blockchain with machine learning, incentivizing nodes for AI calculations and governance. DePIN projects enhance security, scalability, and efficiency by connecting physical assets with blockchain technology. This integration forms a robust ecosystem with three layers: physical infrastructure, middleware, and the blockchain itself. The future of DePIN looks bright, with a growing market size and potential applications in various sectors. Investments in DePIN projects like Helium are considered promising for 2024. However, it's crucial to conduct thorough research before investing in any cryptocurrency project.

Aethir's decentralized cloud computing network has launched on the Ethereum mainnet, with its native token ATH experiencing a 100% surge in value within two hours of its launch. The platform allows users to rent high-performance computing resources for AI training and digital content rendering. Aethir's economy is driven by ATH, which is used for staking, fast payments, governance, and security within the ecosystem. The protocol has already gained support from NVIDIA and HPE, and its user base has exceeded 500,000 on the testnet. Aethir also offers a staking program for users to secure and expand its distributed GPU network, with rewards provided in partnership with gaming and AI entities.

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.