Latest DePIN News

Verida, a pioneering project in the realm of data privacy, has recently announced several exciting developments that mark significant milestones for the company. The highlight of these updates is the launch of the Verida Vault Alpha, a secure platform that empowers users to manage their personal data across various applications, including Google and Telegram. This innovative solution not only prioritizes user privacy but also opens up opportunities for developers through newly released APIs, allowing them to create AI agents and data DAOs on Verida's secure infrastructure. The Verida Vault aims to ensure that users maintain control over their data while leveraging privacy-first AI technologies. In addition to the launch of the Verida Vault, the company has garnered recognition as a finalist for the $POL Rush competition organized by the Polygon Network. As one of the top ten projects, Verida will be pitching at an upcoming event in Bangkok during Devcon, showcasing its commitment to providing a private data storage solution that supports Personal and Private AI. The community is encouraged to participate in the Community Choice Awards, as their votes could significantly impact Verida's visibility and success in the competition. Verida is also proud to announce its nomination for the Finder Innovation Awards in Australia, further emphasizing the innovative work being done by the team in the Web3 space. As the company prepares for its participation in Devcon, it is launching a whitelist for Verida AI, granting early access to developers focused on user data privacy. This initiative represents a unique opportunity for builders to explore Verida's capabilities and contribute to the evolution of Personal and Private AI. With these developments, Verida is paving the way for a future where individuals can fully control and benefit from their data, and the team is excited to continue this journey with the community's support.

In a week marked by political tension surrounding the U.S. elections, Solana experienced a notable downturn, losing approximately 14% from October 31 to November 5. However, the mood shifted dramatically on election day when Solana's native token, SOL, surged by over 15%, reaching $187. This rebound was driven by a significant increase in trading volume, which more than doubled to over $6 billion. The optimism surrounding Donald Trump's election win, who has been a vocal supporter of cryptocurrency, is expected to lead to more favorable regulations in the U.S., alleviating concerns about Solana's classification as a security. Despite a generally bearish week for the cryptocurrency market, Solana managed to maintain its upward momentum, outperforming rivals like Ethereum and BNB. The Solana ecosystem showcased impressive metrics, with a total value locked (TVL) in DeFi reaching $6.326 billion, giving it a 7.09% share of the DeFi landscape. Additionally, Solana's dominance in the NFT space is evident, commanding over 40% of daily users and significantly outpacing competitors. Institutional confidence is also on the rise, with DApp investments hitting $173 million in Q3, the highest since 2022. As the race heats up for the first U.S. Solana ETF approval, firms like Canary Capital, VanEck, and 21Shares are vying to launch products that track SOL prices. Solana has recently flipped BNB to become the fourth-largest cryptocurrency by market capitalization, reflecting a wave of market optimism. Furthermore, Solana's DEX trading volume reached 27% market share in October, solidifying its position as a leading player in decentralized trading. With a loyal developer community and high transaction counts, Solana continues to be a major force in the blockchain ecosystem.

October marked a significant milestone for the Anyone Protocol with the launch of the Incentivized Testnet. This release not only introduced a more user-friendly dashboard accessible via dashboard.anyone.io but also included a testnet faucet. The development team addressed several bugs related to distribution logic and hardware validation shortly after the launch. Notably, the protocol is undergoing a major rewrite from Smartweave to AO, a Hyper Parallel Computer built on Arweave. This transition introduces a new programming language, Lua, and incorporates innovative tokenomics features, enhancing the protocol's efficiency and decentralization by allowing client signing through locally running AO processes. In the hardware division, October proved to be productive as well, focusing on simplifying user experience and enhancing routing features. A new mode designed for non-technical users allows for rapid setup of secure hotspots through the Anyone Network, eliminating the need for manual relay configurations. Improvements in Wi-Fi usage, including standardization to WPA2 and automatic SSID scanning, have been implemented. Additionally, bug fixes addressing dynamic IP issues and updates to relay paths are set to be released, further streamlining operations for relay operators. The collaboration with MicroChip to enhance the ATEC encryption chip signifies a commitment to security and innovation within the hardware framework. On the network and applications front, significant updates have been integrated into the Anyone client, including patches for Android JNI changes and enhancements to the deployment processes. The Anyone NPM package has evolved into a comprehensive library, providing developers with advanced circuit configuration capabilities. Core contributor Benjamin Erhart continues to develop libraries for both Android and iOS, with a new Anyone Desktop repository gaining traction on GitHub. As always, the protocol's code remains open-source, inviting community engagement and collaboration.

In a significant shift within the decentralized wireless network market, Helium and Xnet are now prioritizing Wi-Fi connections over the previously favored 3.5GHz CBRS spectrum band. This change is largely driven by the challenges associated with CBRS, including interference and poor user experience. Mario Di Dio, general manager of Nova Labs' Helium network, emphasized that Wi-Fi, particularly with Passpoint technology, offers a more mature and easier deployment option. This technology, which streamlines Wi-Fi connectivity, has gained widespread support across various devices, making it a more attractive alternative for decentralized network operators. Both Helium and Xnet have transitioned from encouraging the deployment of costly CBRS radios to promoting the installation of Wi-Fi hotspots, which are significantly less expensive. While the coverage area of Wi-Fi hotspots is generally smaller compared to CBRS sites, this strategy has led to major offloading agreements with prominent wireless network operators. Helium has secured deals with two of the three major 5G operators in the U.S., while Xnet claims to have an agreement with AT&T. These partnerships allow both companies to offload network traffic onto their respective sites, rewarding hotspot operators with cryptocurrency tokens based on the amount of data offloaded. The evolution from decentralized wireless (DeWi) to decentralized physical infrastructure networks (DePIN) reflects a broader trend where companies are leveraging decentralized models across various sectors, including energy and mapping. Helium, a pioneer in this space, has expanded its offerings to include a mobile virtual network operator (MVNO) service, attracting around 100,000 customers. As the debate over the utilization of the CBRS spectrum continues, the shift towards Wi-Fi may reshape the landscape of decentralized networks, highlighting the growing importance of flexible and accessible wireless solutions in the telecommunications industry.

As the cryptocurrency market gears up for a potential bull run, analysts are spotlighting several altcoins that may experience significant growth. Among these, Bittensor, Solana, and Intel Markets are drawing particular attention. With the backdrop of the US elections, many believe that the outcomes could influence the crypto landscape. Analysts predict that Solana (SOL) could surge to $1,000, while Bittensor (TAO) might reach $1,279. Additionally, Intel Markets (INTL) is forecasted to see a staggering 1,100% increase due to its innovative trading platform. Bittensor has recently been highlighted by Bitcoin veteran Lucky, who shared a bullish price prediction on social media. He emphasized that Bittensor, often regarded as an AI gem, could potentially hit four digits soon. Current trading data shows Bittensor fluctuating between the 200-SMA and 50-SMA, suggesting that the upcoming bull run could catalyze a price rally. As of early November, Bittensor was trading around $393, with analysts optimistic about its future performance as market conditions improve. On the other hand, Solana has faced challenges, particularly after hitting resistance at the $180 mark. Currently trading around $160, Solana's price is supported by key moving averages, indicating that a rebound may be on the horizon. Analysts like Bhr Investor are cautiously optimistic, projecting that Solana could reach between $650 and $1,000 in the upcoming bull market. Meanwhile, Intel Markets is making waves with its AI-driven trading platform, which has raised over $1.7 million in presale. The platform's unique features, including high leverage and an adaptive AI bot, are expected to attract professional traders, further driving the INTL coin's anticipated growth in the coming months.

Nvidia has achieved a historic milestone by surpassing Apple as the world’s most valuable company, reaching a market capitalization of $3.43 trillion. This achievement followed a 2.9% increase in the company’s share price, pushing it ahead of Apple’s $3.38 trillion valuation. Nvidia's dominance in artificial intelligence chip manufacturing has been a key factor in this growth, with its products becoming essential for major tech companies' AI systems. Since the end of 2022, Nvidia's stock value has skyrocketed by over 850%, driven by strong demand for its AI chips, with analysts projecting significant earnings growth for the company in the coming years. The success of Nvidia has had a ripple effect on the cryptocurrency market, particularly for AI-focused digital currencies. NEAR Protocol, designed for AI applications, saw a 5.46% increase, while Internet Computer experienced a 4.99% rise. Bittensor, a decentralized AI platform, recorded a substantial 14.65% increase. These gains reflect growing investor interest in cryptocurrencies associated with artificial intelligence technology. The Artificial Superintelligence Alliance token and Injective also joined the rally, indicating a broader market participation in AI-related assets. As Nvidia continues to influence the market, it now represents 7% of the S&P 500 Index’s weight, contributing significantly to the index's gains this year. However, the company faces regulatory scrutiny regarding its planned $700 million acquisition of Israeli AI startup Run Labs. This regulatory challenge adds a layer of caution to Nvidia's growth narrative. The simultaneous rise in Nvidia’s stock price and AI cryptocurrency values suggests a market-wide recognition of AI's growing importance, with investors actively seeking exposure to this technology through various investment vehicles, including both traditional stocks and cryptocurrencies.

Last week marked a significant milestone in the blockchain ecosystem with the successful merge of the CUDOS token and blockchain with ASI. This transition involved halting the CUDOS mainnet and upgrading the Fetch.ai (ASI) mainnet within the Cosmos ecosystem. As a result of this merger, all CUDOS tokens have been migrated, and while they may still appear on platforms like Keplr and Mintscan, they are now historical records. The native CUDOS tokens are no longer in existence, and former holders are now encouraged to access and utilize their new FET tokens. A comprehensive guide has been provided to assist users in navigating this transition, including recommended wallets and methods to view their new tokens. The recommended wallets for managing FET tokens include the Cosmostation wallet and the ASI wallet, both of which support the ASI Alliance chain. Users are advised to manually enable the ASI Alliance chain in the Cosmostation wallet to view their tokens. For those using Keplr, logging into the CUDOS Intercloud platform will prompt the addition of the ASI Alliance chain, allowing users to see their FET tokens. However, it is important to note that Keplr may not display vesting schedules accurately, making the Cosmostation wallet a preferable option for full functionality. Mintscan is highlighted as the primary block explorer for viewing FET tokens, where users can also find their ASI addresses linked to their previous CUDOS accounts. To effectively use their new FET tokens, users are encouraged to utilize either the Cosmostation wallet or the ASI wallet for staking and managing their tokens. The process includes importing their CUDOS account into the Cosmostation wallet and enabling the ASI Alliance chain for visibility. Mintscan serves as a platform for staking, undelegating, and managing tokens, while the ASI wallet allows for direct access to the ASI Alliance account. For those with Ledger devices, Mintscan supports hardware wallet connections, providing a secure method to manage FET tokens. Overall, this merger represents a pivotal development in the blockchain landscape, enhancing the utility and accessibility of tokens within the Cosmos ecosystem.

YOM, a decentralized cloud gaming network, has announced a strategic partnership with io.net, a leading decentralized GPU infrastructure provider. This collaboration aims to enhance YOM's pixel streaming capabilities by utilizing io.net's extensive network of globally distributed GPUs. The partnership is set to widen the accessibility of high-quality gaming experiences, enabling seamless and low-latency delivery of AAA gaming content to players worldwide, while also significantly reducing costs compared to traditional centralized server solutions. The partnership will allow YOM to leverage io.net's infrastructure to support regions lacking individual nodes and manage overflow during peak traffic. This means that players, regardless of their physical location or network demands, can expect consistent and low-latency gaming experiences. Andrew Pringle, CEO of YOM, emphasized the importance of quickly matching GPU demand across various regions to ensure optimal user experience, stating that their vision of providing accessible AAA gaming experiences at near-zero prices is becoming clearer. YOM's platform boasts a robust feature set, including voice chat, multiplayer capabilities, and cross-device controls, all while eliminating the need for dedicated gaming consoles. By leveraging a distributed network of gaming machines, YOM aims to deliver low-latency, cost-effective cloud gaming to any device and channel. io.net, with its decentralized physical infrastructure network, democratizes access to GPU compute capacity, making it an ideal partner for YOM's ambitious goals in the rapidly growing gaming market.

Theta EdgeCloud has introduced a significant enhancement by enabling Theta Fuel (TFUEL) billing for its services. This change positions TFUEL as the primary payment method for EdgeCloud, mirroring its role for the thousands of global Edge Nodes that support the network. Users opting to pay with TFUEL tokens will benefit from a 5% discount on their service fees, which encompass AI inference and training, video livestreaming, and future video/game rendering functionalities. This strategic move not only incentivizes the use of TFUEL but also strengthens its integration into the broader Theta ecosystem. The adoption of EdgeCloud has seen remarkable growth, particularly within academic institutions in the United States and South Korea. Notable universities such as the University of Oregon, Korea University, and Yonsei University are leveraging EdgeCloud's hybrid cloud GPU infrastructure to propel AI research forward. This trend highlights Theta's dedication to fostering academic innovation by providing vital computational resources for complex AI projects. Additionally, corporate clients like Jamcoding, a leader in e-learning coding platforms, are utilizing EdgeCloud to address critical AI applications, including computer vision and large language model training, further embedding EdgeCloud into the Theta token economy. While the support for USD remains essential for attracting Web2 customers, the Theta ecosystem is designed to function as a decentralized economy, where fiat transactions are converted into TFUEL purchases. This ensures that all EdgeCloud activities contribute to the on-chain economy of Theta, even when initiated by non-crypto users. With the recent launch of EdgeCloud Mobile, the potential for integration with the 3.9 billion Android devices worldwide opens new avenues for AI applications. As the AI market is projected to grow significantly, the core payment structure of EdgeCloud will ensure that TFUEL and the Theta token economy remain central to its operations.

In a significant move for the cryptocurrency market, CoinW, a leading trading platform, has announced the listing of GRASS, an innovative decentralized data network aimed at transforming data access for artificial intelligence (AI). The GRASS/USDT trading pair will be available starting October 28, 2024, at 14:00 (UTC). To commemorate this listing, CoinW is launching the "GRASS bounty program: Register & Trade & Retweet," which features a reward pool of 10,000 USDT, incentivizing user participation and engagement within the platform. GRASS operates as a decentralized network that collects and organizes public web data, creating a valuable resource for AI model training. With nearly 2.5 million user-run nodes globally, GRASS has amassed a wealth of data, including over 500,000 media articles. Its unique "Sovereign Data Rollup" approach provides an ethical and community-driven solution to data acquisition, challenging traditional data monopolies. Additionally, the introduction of the Socrates dataset cleaning tool allows users to contribute high-quality, structured data, which is crucial for AI applications. The GRASS token plays a vital role in the network, enabling holders to participate in transactions, staking, and governance. As the network grows, token holders will have the opportunity to stake their tokens, earn rewards, and vote on key decisions. With a total supply of 1 billion tokens, GRASS is designed to promote network growth and user engagement. The project has also fostered a strong community, boasting 468,000 Twitter followers and an active Discord group. By leveraging Solana's efficient technology, GRASS is set to become a significant player in the Web3 landscape, offering a decentralized alternative to conventional data sources.