Latest DePIN News

XYO, a decentralized physical infrastructure network (DePIN), has successfully bridged from Ethereum to Solana, marking a significant step in its mission to enhance cross-chain accessibility. As of October 31, the XYO token is now tradable against popular tokens such as Solana (SOL) and USD Coin (USDC) on Solana-native decentralized exchanges (DEXs) like Jupiter and Raydium. This move is aimed at leveraging Solana's high throughput, low transaction costs, and scalability, which are essential for the growing DeFi ecosystem. Markus Levin, co-founder of XYO, emphasized that this integration allows holders of Solana-based tokens to easily trade into and out of XYO, thus accessing its extensive DePIN data ecosystem. The XYO network operates over 8 million nodes across 150 countries, providing a robust infrastructure for verifying location and other real-world data for both Web2 and Web3 projects. DePINs are designed to decentralize various real-world infrastructures, including communications, data storage, and energy markets. According to a report by MV Global, DePINs are poised to become a significant use case in the crypto space, potentially onboarding millions of new users. The current ecosystem includes over 1,000 projects with a combined market capitalization exceeding $50 billion, highlighting the growing interest and investment in this sector. Solana's low median transaction fee of $0.00064 makes it an attractive platform for DePIN projects like XYO, Helium, and Render. Analysts believe that Solana's parallel processing architecture and low fees contribute to its appeal for future DePIN developments. With the anticipated Firedancer upgrade, experts expect Solana to further solidify its position as the preferred choice for upcoming DePIN projects, enhancing its infrastructure and user experience in the decentralized finance landscape.

Stratos has announced an exciting new partnership with Mizzle, aimed at transforming data storage within the Web3 ecosystem. This collaboration seeks to enhance decentralized, secure, and scalable storage solutions, leveraging the strengths of both companies. Stratos brings its robust decentralized storage network to the table, while Mizzle contributes its innovative Web3 applications. The goal is to create a seamless and user-centric experience that aligns with the fundamental principles of decentralization, ensuring that users have control over their data. One of the key benefits of this partnership is the increased security for Mizzle users. With Stratos’ decentralized storage infrastructure, data is stored across a distributed network, significantly reducing the risks associated with central points of failure. This approach not only enhances data security but also provides a reliable foundation for Mizzle’s applications to thrive. As user demand grows, Stratos’ infrastructure is designed to scale efficiently, ensuring that performance remains consistent and dependable. Together, Stratos and Mizzle are poised to build the necessary infrastructure that will propel the next generation of decentralized applications. This partnership is a significant step towards making Web3 a more secure, equitable, and accessible environment for all users. By combining their expertise, Stratos and Mizzle are setting the stage for a future where decentralized solutions are not only viable but also integral to the Web3 landscape.

The latest update to the MapMetrics app introduces a range of exciting new features and essential fixes aimed at enhancing user experience on both Android and iOS platforms. This update reflects the commitment of the developers to continuously improve the app's functionality, security, and usability. Key enhancements include real-time traffic displays for iOS users, improved earning notifications, and a more streamlined invite friend flow for Android users. These updates are designed to provide users with accurate navigation, reliable notifications, and a seamless interface for managing their earnings and exploring maps. For Android users, the update brings several notable improvements. The earning notification system has been fixed, allowing users to receive real-time updates about their rewards and activities within the app. Additionally, the wallet section has been redesigned for a more intuitive experience, enabling users to easily view balances and recent transactions. The new invite friend flow simplifies the process of sharing the app, encouraging users to expand the MapMetrics community and allowing friends to benefit from its features. iOS users will also enjoy significant enhancements, including a redesigned wallet that organizes earnings and transactions for easy access. A highly anticipated feature, live traffic displays, is now available, providing real-time traffic conditions directly on the map. Other improvements include a crash fix for user profiles, an upgraded search function for faster results, and enhanced camera functionality. The app is also working towards full landscape mode support, which will enhance usability for users who prefer a wider screen. Overall, these updates aim to deliver a high-quality navigation experience and address user feedback effectively.

DePIN, or Decentralized Physical Infrastructure Networks, is emerging as a transformative model that shifts away from traditional centralized infrastructure systems. Unlike conventional models dominated by a single provider, DePIN leverages a distributed network of participants to provide and maintain essential physical infrastructure, including computing power, storage, and connectivity. This decentralization not only enhances resilience by reducing reliance on a single point of failure but also optimizes resource usage, leading to significant cost and energy efficiencies. Participants in DePIN networks contribute resources and are compensated, fostering a collaborative environment that benefits all stakeholders involved. The significance of DePIN lies in its ability to address critical challenges faced by digital infrastructure. By enabling services such as AI inference to run closer to data sources, DePIN reduces latency, which is vital for real-time applications. Furthermore, the distributed nature of these networks enhances resilience, making them less vulnerable to outages. Cost efficiency is achieved through a diverse set of providers, eliminating the need for expensive centralized infrastructure. Additionally, DePIN's architecture promotes environmental sustainability by optimizing energy consumption, thereby lowering the overall carbon footprint associated with large data centers. CUDOS Intercloud plays a pivotal role in the DePIN ecosystem by providing a decentralized cloud computing platform that connects service providers globally. This integration allows for lower latency in computing and AI inference, as workloads can be processed closer to their data sources. By tapping into underutilized resources, CUDOS Intercloud not only reduces operational costs but also enhances energy efficiency. Its resilient architecture ensures that workloads can be dynamically shifted in case of failures, improving uptime and reliability. As the demand for decentralized infrastructure continues to grow, CUDOS Intercloud is well-positioned to lead the charge in revolutionizing cloud services, storage, and AI processing within the DePIN framework.

Roam is revolutionizing global wireless connectivity by transitioning from a standalone DePIN (Decentralized Physical Infrastructure Network) project into a comprehensive public platform known as the "Telecom Data Layer". This transformation is aimed at creating a seamless and intelligent ecosystem that bridges people, devices, data, and AI. The Roam Telecom Data Layer comprises four core modules: Roam Network, Roam Growth, Roam Discovery, and Roam Community. Together, these modules form a Blockchain of Things (BoT) ecosystem that enhances network vitality and fosters global expansion. A standout feature of the Roam Network is its global open wireless network, which incentivizes users through tokens to contribute to network growth and node validation. This participation generates valuable geolocation and time-based data, forming the backbone of Roam's Telecom Data Layer. Users can easily engage with the network by downloading the Roam App, where they can add WiFi locations or check into existing nodes to earn Roam Points. Following the upcoming Token Generation Event (TGE), these points can be converted into $ROAM tokens, rewarding users for their contributions. Additionally, Roam offers specialized Roam Miner Router nodes that provide high-speed connectivity and blockchain mining capabilities, further driving decentralized infrastructure development. Roam also emphasizes seamless and secure connectivity through its WiFi nodes, which include OpenRoaming™ nodes and self-build nodes. These nodes allow users to connect effortlessly across networks, eliminating the need for repeated logins. The introduction of Roam eSIM enhances global roaming capabilities, allowing users to activate services without a physical SIM card while ensuring data security and affordability. By integrating blockchain technology with real-world infrastructure, Roam is set to reshape global network collaboration, empowering users and developers alike in a new era of connectivity.

In September 2024, Roam unveiled its highly anticipated eSIM feature within the Roam App, following two months of beta testing and development. The eSIM Redemption feature officially launched on October 28, allowing users to redeem free eSIM data for global plans in over 130 countries. This innovative solution caters to the growing demand for reliable internet access while traveling, enabling users to bypass the hassle of local SIM purchases and avoid costly roaming charges. The eSIM feature is integral to Roam's mission of providing innovative connectivity solutions for global users. With flexible and cost-effective options, Roam eSIM ensures high-speed and seamless connectivity wherever users go. The eSIM can be easily purchased and activated directly within the Roam App or by scanning a QR code. The latest update, Version 1.8.0, introduces the eSIM Redemption function, allowing users to accumulate free eSIM data through participation in Roam App activities, such as Check-Ins and in-app events, enhancing their overall experience. Roam eSIM is designed for simplicity and user-friendliness, enabling users to buy, redeem, and activate their eSIM in just a few minutes. All app users receive a 50 MB welcome bonus of free eSIM data, with additional data earned through daily Check-Ins at Roam WiFi hotspots, rewarding users with 5 MB per Check-In, capped at 5 GB per account. Once enough data is collected, users can redeem it instantly via the Roam App. To access this feature, users must update the app, while newcomers can download it from the App Store or Google Play Store, ensuring seamless travel connectivity with Roam's innovative eSIM Redemption feature.

Distributed cloud storage company Storj has announced the promotion of Colby Winegar to the position of CEO, succeeding Ben Golub, who has held the role for over six years. Winegar, who previously served as the Chief Revenue Officer, has been a key figure in the company's recent achievements, including the acquisitions of Valdi and PetaGene. Golub, now the executive board chairman, praised Winegar's contributions and leadership, stating that he has been instrumental in cultivating a strong customer base and developing a robust partner ecosystem. The transition of responsibilities to Winegar began six months ago, indicating a well-planned succession strategy. Under Winegar's leadership, Storj aims to leverage its distributed cloud storage solutions, which reportedly offer up to 90% lower costs and 83% less carbon emissions compared to traditional storage methods. He emphasized the growing need for innovative data management solutions as AI adoption accelerates across various industries. Winegar's vision includes collaborating with technical alliance partners, customers, and resellers to enhance the transformative capabilities of Storj's offerings. The company's S3-compatible architecture utilizes unused capacity from drives and data centers worldwide, providing efficient storage solutions and on-demand GPU access through its global network. To support this leadership transition, Storj has made strategic hires, including a new leader for its direct sales organization and an internal promotion to oversee the channel sales team. These changes are designed to strengthen the company's sales strategy and align with its growth objectives. Additionally, in August, Storj announced a partnership with CUDOS, a decentralized physical infrastructure network, to facilitate easier access to AI compute resources. This collaboration aims to enhance Storj's capabilities in supporting AI workloads, particularly with access to advanced Nvidia chips, further solidifying its position in the cloud storage and AI sectors.

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.

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.

As October 2024 comes to a close, the cryptocurrency market is buzzing with activity, particularly surrounding three altcoins that have captured significant attention. According to CoinGecko, RabBitcoin (RBTC), Department of Government Efficiency (DOGEETH), and Grass (GRASS) are the most searched altcoins today. The surge in interest for these cryptocurrencies is largely attributed to the upcoming U.S. presidential elections, with each coin exhibiting unique factors that investors should closely monitor. RabBitcoin (RBTC) continues to maintain its position as a trending altcoin, experiencing a notable 27% price increase over the past week, despite a slight 1.80% decrease in the last 24 hours. Analysts suggest that RBTC may be at a favorable accumulation point, particularly with a planned network launch on the horizon. As of now, RBTC is trading at $0.0000048, and its price movements indicate volatility, oscillating between swing highs and lows without establishing a clear trend. Meanwhile, the Department of Government Efficiency (DOGEETH) has emerged as a popular choice, primarily due to its association with Elon Musk's advocacy for a government department should Donald Trump win the presidency. DOGEETH has seen a remarkable 67% price increase in the last 24 hours, currently trading at $0.41. Its position above the 20 and 50-day Exponential Moving Averages suggests a bullish trend, although profit-taking could impact its future price trajectory. Lastly, Grass (GRASS) has also shown resilience, with a 34% increase in the last day, currently priced at $1.09. The bullish momentum indicated by the Awesome Oscillator suggests potential for further gains, provided it maintains support above $1.06.