Latest DePIN News

In the past week, Litecoin (LTC), Jito (JTO), and Bittensor (TAO) have experienced significant price rallies, with gains ranging from 17% to 22%, according to CoinGecko data. This upward momentum can be attributed to Bitcoin's resilience amid various macroeconomic factors, including the U.S. Consumer Price Index (CPI) and tariff announcements. As Bitcoin continues to stabilize, altcoins like LTC, JTO, and TAO are also benefiting from this market-wide recovery, with LTC gaining 2.53%, JTO increasing by 5.68%, and TAO rising by 2.98% on the same day, as reported by TradingView. On-chain analysis from Santiment reveals that Litecoin's total open interest has surged to $416.87 million, indicating increased trader activity. Similarly, Jito has seen a rise in social dominance and trade volume, reflecting heightened interest from both institutional and retail traders. Meanwhile, Bittensor's trading volume has remained steady, although recent data suggests a bearish sentiment among derivatives traders. The technical indicators for LTC, JTO, and TAO all point towards potential further gains, with LTC aiming to retest its 2025 peak, while JTO and TAO also have key resistance levels to watch. Market sentiment has been bolstered by speculation around potential ETF approvals, particularly for Litecoin, which is seen as having a 90% chance of approval according to Bloomberg's Eric Balchunas. This anticipation has been a significant driver for LTC's recent performance. Additionally, the upcoming Dynamic TAO update, likened to Ethereum's Merge, has generated excitement within the Bittensor community, further contributing to its price rally. As the crypto market continues to evolve, these developments highlight the dynamic nature of altcoin trading and the factors influencing investor sentiment.

In the evolving landscape of Web3, Plurality Network is pioneering a decentralized, user-owned profile system that addresses the pressing issues of data ownership and interoperability. As users navigate multiple platforms, they generate vast amounts of data, yet they lack control over this information. Traditional Web3 applications primarily focus on financial transactions, leaving a gap in user-centric applications. Plurality Network aims to bridge this gap by creating Smart Profiles, which are rich, chain-agnostic profiles linked to a user’s wallet. These profiles aggregate data from both Web2 and Web3 sources, ensuring that users have a say in how their data is utilized and shared. The Smart Profiles are powered by advanced technologies, including an AI agent that personalizes user experiences based on the aggregated data. Plurality Network offers developers a suite of tools designed to enhance user engagement and retention. Key features include embedded wallets that simplify account creation through social logins, a Profile SDK that allows applications to store and utilize user data effectively, and on-chain data proofs that enable verifiable interactions with smart contracts. This innovative approach not only enhances user experience but also fosters a more personalized interaction with decentralized applications (dApps). By leveraging these tools, Plurality Network is set to transform the user experience in Web3, making it more frictionless and engaging. Developers interested in enhancing their applications can join Plurality Network’s Partner Program to access free credits and additional resources. As the Web3 ecosystem continues to grow, initiatives like Plurality Network's Smart Profiles will be crucial in creating lasting connections between users and applications, ultimately driving the next wave of innovation in the decentralized space.

Stratos has announced an exciting partnership with Voltix AI, a cutting-edge decentralized computing platform, aimed at enhancing AI training, high-performance computing (HPC), and Web3 applications. As the demand for AI computing power and decentralized data storage continues to soar, traditional cloud providers are often seen as expensive and centralized, leading to potential bottlenecks. This collaboration seeks to dismantle these barriers by offering a trustless, distributed, and incentive-driven ecosystem that supports developers, businesses, and Web3 applications alike. Voltix AI optimizes AI and HPC by utilizing idle CPU power, while Stratos complements this by providing secure and high-performance storage solutions. The fully decentralized nature of this partnership eliminates central points of failure, ensuring both scalability and reliability for users. Additionally, the incentivized ecosystem is a key feature, where Stratos rewards storage providers through its Proof-of-Traffic mechanism, and Voltix AI encourages contributions to computing resources. This innovative approach not only enhances performance but also fosters a collaborative environment for all participants. Moreover, Stratos’ API facilitates seamless video streaming, enabling private and high-quality streaming for AI-driven content. By integrating decentralized storage, computing, and AI workloads, Stratos and Voltix AI are paving the way for a future where developers and enterprises can operate independently of traditional centralized cloud providers, ultimately leading to a more efficient and resilient technological landscape.

Teneo Protocol, a decentralized protocol aimed at democratizing access to social media data, has successfully secured $3 million in seed funding. This funding round was led by notable venture capital firms RockawayX and Borderless, with additional participation from Generative Ventures and others. The investment will support Teneo's mission to transform the data economy by incentivizing users to unlock public social media data. With a growing global network of several million users, Teneo is poised to make significant strides in facilitating access to valuable data resources that are increasingly restricted by major social media platforms. The challenge of accessing social media data has intensified as platforms like Reddit begin to charge businesses for data access, creating barriers that could stifle innovation in artificial intelligence (AI) and other sectors. Teneo aims to address this issue through its Community Node, a Web3 browser extension that allows users to collect public posts from platforms such as X (formerly Twitter) and Reddit. Users are rewarded with Teneo Points for their contributions, which can later be converted into Teneo Tokens once the network's native token is launched. This initiative not only enhances data accessibility but also opens new avenues for industries that rely on real-time social data, including AI, finance, and marketing. The Teneo Community Node has already gained traction, boasting over 3.9 million users across 191 countries, with more than 1.1 million users connecting their digital wallets to the platform. Investors express enthusiasm for Teneo's potential to reshape the data landscape, emphasizing the importance of decentralized solutions in the evolving data economy. As Teneo continues to develop its platform, it aims to empower individuals by returning data ownership to the people, fostering a community-driven approach to data utilization and innovation in the digital age.

CUDOS Intercloud has recently undergone a significant transformation, unveiling a sleek new design that enhances both functionality and user experience within its decentralized compute marketplace. This update aims to make the platform faster and more intuitive, aligning with CUDOS's mission to democratize cloud computing. Key improvements include a refreshed interface that maintains an efficient layout, easy access to information through tabs and documentation links, and notable roadmap progress, including the completion of MetaMask support and multi-chain compatibility. Future enhancements will focus on cross-chain functionality and smart contracts, further enriching the user experience. In addition to the platform's redesign, CUDOS Intercloud has launched a new referral program that incentivizes users to share the platform with others. By generating a unique referral link, users can earn commissions for every new user who joins and utilizes the services. The referral program offers typical commission rates of 1% to 1.5% per transaction, allowing users to benefit from their network. This initiative not only encourages community engagement but also rewards users for contributing to the platform's growth. The referral program is now live, with users able to generate their unique links directly from the Intercloud website. Commissions are paid out in FET (Cosmos) and are processed instantly, with a minimum withdrawal amount set at $15. Users who earn over $15,000 will need to complete a manual KYC check before making further withdrawals. CUDOS Intercloud invites both new and existing users to explore the updated platform and participate in the referral program, fostering a collaborative environment for the community to thrive.

https://www.cryptopolitan.com/node-as-a-service-nodeops-rebrands-atlas-network-to-nodeops-network-to-align-with-expansion-strategy/

NodeOps concluded 2024 as the top 4 DePIN project globally.

https://crypto.news/nodeops-ranks-4th-in-depin-revenue-amid-platform-rebrand/

WeatherXM is set to enhance its mobile app with a new feature called "Know Your Station," aimed at ensuring the proper deployment of weather stations. This feature is part of a series of updates, including Cell forecast, Forecast Accuracy Tracking, and Hyperlocal Station Forecasts, which are designed to improve data quality and user experience. The Know Your Station feature will help users verify that their weather stations are installed correctly from the outset, thereby preventing potential issues that could compromise data integrity and user rewards. The verification process for Know Your Station is user-friendly and conducted through the WeatherXM Pro mobile app. Upon accessing the feature, users will be greeted with an introductory instructions screen, which may be skipped if the user has previously accepted the terms. Users will then be prompted to submit photographs of their weather station installation from various angles. This process includes guidance through examples of correct and incorrect installations, ensuring users understand the optimal setup before uploading their images for evaluation. This functionality aims to minimize the chances of faulty or misleading weather data by confirming that stations are installed in ideal locations, free from obstructions and securely mounted. The importance of the Know Your Station feature cannot be overstated, as poorly installed weather stations can lead to inconsistent or inaccurate readings, undermining the overall value of WeatherXM’s data. By providing users with the necessary guidance for proper setup from day one, WeatherXM aims to maintain the reliability of its network, which currently boasts a health rating of 90%. As the Know Your Station feature is set to launch soon, users are encouraged to explore WeatherXM Pro to fully leverage the benefits of accurate weather data in their operations.

Fetch.AI has launched a smart contract today, February 12, aimed at helping users reclaim their IBC CUDOS tokens. This development is a significant step in enhancing cross-chain asset management and showcases the ongoing collaboration between Fetch.AI and CUDOS as part of the ASI Alliance. The new smart contract addresses the issue faced by several CUDOS holders who were unable to return their tokens to the CUDOS blockchain before it ceased operations. By utilizing this contract, users can swap their stranded CUDOS for Fetch.AI's FET tokens at a fixed ratio of 118.344, simplifying the process significantly. The smart contract offers a user-friendly interface that eliminates the complex manual steps traditionally associated with CosmWasm contract interactions. Users can reclaim their tokens with a single click within the ASI chain, benefiting from automatic conversion at a transparent rate. This functionality is integrated into Fetch.AI's Companion dApp, which enhances the user experience within the ASI ecosystem. To reclaim their IBC CUDOS, users must transfer their tokens from Archway or Osmosis to the ASI chain, connect their ASI wallet, and execute the reclaim process, which will automatically convert their tokens to FET. The collaboration between Fetch.AI and CUDOS is part of a broader initiative to democratize cloud computing and promote decentralized solutions that challenge the dominance of major tech companies. The ASI Alliance, which includes partners like Ocean Protocol and SingularityNET, is committed to advancing decentralized compute solutions. As part of this initiative, Fetch.AI will provide detailed instructions and documentation on their dApp on February 13, further facilitating the reclamation process for users and enhancing the overall decentralized computing landscape.