Latest DePIN News

Streamr is an innovative decentralized network designed for streaming live media and real-time data securely and at scale. It offers a range of use cases, including AI data delivery, live video streaming, and communication without the need for centralized servers. The platform allows users to stream verifiable data from IoT devices and networked hardware, making it a versatile solution for various industries. Additionally, Streamr facilitates data monetization by enabling users to buy and sell subscriptions to data streams, thus creating a marketplace for real-time data exchange. The Streamr Network operates on a robust and permissionless peer-to-peer architecture, which enhances its scalability and resilience against malicious attacks. By leveraging companion blockchains such as Ethereum, Gnosis, and Polygon, Streamr ensures secure identity management and payment processing. This decentralized approach addresses the limitations of traditional centralized services, which often suffer from single points of failure and vendor lock-in. With a focus on low latency and secure messaging, Streamr is poised to become a critical infrastructure layer for the emerging decentralized web (Web3). Founded in 2017 by a team of visionaries, Streamr has grown into a collaborative open-source project with around 30 contributors worldwide. Governance within the project is facilitated through voting mechanisms using the $DATA token, which serves as the backbone of the network. The recent release of the complete $DATA tokenomics marks a significant milestone in the Streamr roadmap, further solidifying its position in the decentralized data ecosystem. Node operators play a crucial role in securing and relaying data streams, while delegators can earn revenue shares by supporting these operators, fostering a community-driven approach to data management.

Impossible Cloud Network (ICN) has announced the launch of its incentivized testnet, marking a significant step towards establishing itself as a leading decentralized cloud infrastructure provider. With a strong foundation built on the expertise of Impossible Cloud GmbH, which serves over 1,000 enterprise clients, ICN aims to leverage its web2 experience to create a scalable, multi-service cloud platform. The testnet invites blockchain developers and community members to engage with the platform, providing a hands-on environment to explore features and contribute to its development ahead of the mainnet release scheduled for next year. The testnet serves two primary objectives: refining the platform for stability and functionality, and enhancing community engagement. By simulating real-world conditions, ICN aims to onboard more validators, ensuring a smooth transition to the mainnet. Participants will have the opportunity to contribute to performance improvements while being recognized for their efforts. A FairDrop mechanism will reward the top 20,000 contributors with a share of 10.5 million ICNT tokens, emphasizing genuine contributions such as bug reports and feature testing. Backed by notable investors, including 1kx and HV Capital, Impossible Cloud has successfully raised $18 million to date. The company plans to further decentralize its network through a node sale and the introduction of a native token for decentralized governance. With its innovative approach, ICN is poised to provide an enterprise-grade alternative to traditional cloud providers, aiming to become a decentralized leader in the cloud services space, akin to AWS but with a community-driven focus.

In recent weeks, the convergence of cryptocurrency and artificial intelligence (AI) has captured the attention of Web3 venture capital firms, signaling a significant shift in investment focus. Coinbase Ventures, a prominent player in the crypto space, has published an official thesis outlining its commitment to Crypto + AI projects. Hoolie Tejwani, head of Coinbase Ventures, believes that blockchain and generative AI will intertwine to form the foundation of our digital lives. This shift is not isolated; other venture capital firms, such as CoinFund and a16z, are also investing heavily in this emerging sector, with a reported $213 million directed towards AI projects in the third quarter of 2024. Coinbase Ventures categorizes the Crypto + AI landscape into three primary buckets. The first bucket focuses on AI agents that utilize cryptocurrency for transactions, suggesting a future where AI handles various tasks and requires a seamless payment method. Projects like Skyfire and Payman are already exploring this concept, with Payman enabling AI agents to transact with humans. The second bucket encompasses decentralized AI systems, emphasizing the importance of data in training AI. Initiatives like Vana are pioneering ways for users to monetize their data while maintaining privacy, potentially revolutionizing how AI is trained and governed. The third bucket delves into on-chain AI, where AI generates software code and smart contracts in real-time. This innovative approach could redefine how applications are built and operated on blockchain networks. However, the rapid proliferation of Crypto + AI projects raises questions about their substance and viability. While some view this integration as a necessary evolution, others caution against the hype surrounding it. Ultimately, the future of Crypto + AI will depend on its ability to provide tangible benefits and empower users, rather than merely riding the wave of technological trends.

The first two weeks of the Incentivized Testnet have provided valuable insights into the distribution of rewards among relays, revealing trends that are crucial for optimizing the network's performance. Utilizing data from the Smartweave Distribution Contract, the analysis indicates that the current reward emission rate is at 25% of what will be seen on the mainnet. On average, relays are earning 0.4 tokens per day, with those in the upper quartile earning 0.75 tokens. A significant correlation has been observed between the rewards and the bandwidth of relays, suggesting that higher bandwidth directly influences the amount of tokens distributed. This relationship is vital as it aligns with the network's primary need for increased capacity, particularly for exit nodes that handle more traffic. Geolocation data has also been made available, showcasing the distribution of relays across various regions. The mapping of relays onto H3 hexagons highlights areas with dense relay populations, indicating potential overlaps in server providers. The introduction of geolocation multipliers aims to incentivize diversity by penalizing relays in overcrowded IP ranges, thus encouraging operators to utilize more residential IPs. This strategy not only promotes a more balanced network but also addresses the risk of malicious actors attempting to de-anonymize users by ensuring a wider geographical spread of relays. Another critical aspect of the incentive structure is the introduction of uptime rewards, which will be integrated into the upcoming AO distribution logic. This initiative aims to create a fairer reward system by recognizing relays that maintain consistent uptime, thereby encouraging participation from smaller operators. As the network evolves, it is essential to engage in discussions about its future direction, focusing on outreach, education, and governance to foster a resilient and diverse relay ecosystem. The journey for Anyone is just beginning, and these insights will guide its development moving forward.

Last week, the Gitex Global Conference took place from October 14th to 18th in Dubai, UAE, where our team had the opportunity to collaborate with our partner Grenton. This annual event serves as a significant platform for fintech decision-makers to connect, share ideas, and network. Located at the Dubai World Trade Centre, Gitex Global attracted tens of thousands of participants, including entrepreneurs, investors, and industry insiders. Our focus during the conference was to showcase the integration of blockchain technology with AI and Smart Home solutions, emphasizing their potential benefits for sustainability and the development of smart cities. During the event, we engaged with key decision-makers and investors, presenting how our joint solutions can enhance community engagement and facility management through innovative technologies. Notably, Bartlomiej Gierszyn, CEO of Grenton, delivered a presentation during the Tech Talks segment of Gitex 2024. He highlighted the aggregation of data from smart homes for notifications and alerts, the role of AI in facility management, and the application of blockchain for fostering community engagement. This presentation not only provided valuable insights but also sparked significant interest among potential investors and attendees. Overall, our experience at Gitex Global was highly productive, allowing us to expand our network and generate interest in our collaborative solutions with Grenton. We believe that the conference could have been even more beneficial with a longer duration, as the discussions and networking opportunities were incredibly valuable. To stay updated on our developments and future initiatives, we encourage following our social media channels.

Web3基础设施平台Ankr最近宣布与开放网络（TON）区块链的集成，这一举措将为开发者提供更便捷的去中心化应用（DApps）开发体验，特别是针对Telegram用户。根据10月24日的公告，这一集成将消除TON的节点设置，节省开发者在构建、校准和修复问题上所需的时间。Telegram的用户群体估计达到9.5亿，基于TON的热门DApps包括Telegram Mini Apps，例如Hamster Kombat，这款tap-to-earn游戏在短短几个月内吸引了超过3亿玩家。 通过此次集成，Ankr将提供远程过程调用（RPC）连接，使开发者能够直接与TON网络进行交互，执行交易、获取钱包余额和检索所有权信息等任务。TON的RPC端点将通过Asphere部署，成为一个全球范围内低延迟的区块链节点的地理分布网络。Ankr的联合创始人兼首席执行官Chandler Song表示：“由于这款消息应用在我们的行业中至关重要，我们非常期待看到创新的新功能随着构建障碍的消除而实现。” TON区块链还提供了自己的RPC服务，允许开发者直接与网络互动以构建Telegram上的DApps。然而，Ankr表示，其与TON网络的集成消除了节点管理的复杂性。此外，TON基金会最近选择了Axelar的Mobius Development Stack（MDS）来连接其生态系统与68个网络，允许开发者跨多个区块链构建DApps，消除了通过互操作性层的桥接解决方案的需求。值得一提的是，TON区块链在9月份获得了来自加密交易所Bitget和Foresight Ventures的3000万美元战略投资，旨在加速TON基础应用的开发，尤其是像Hamster Kombat和Notcoin这样的游戏。

The launch of Musk to Mars (MUSKMARS), a new memecoin on the Solana blockchain, has generated significant excitement among investors. With predictions suggesting a potential price surge of over 16,000% in the coming days, early adopters are eager to capitalize on this opportunity. The anticipated listing of MUSKMARS on various cryptocurrency exchanges is expected to attract millions of new investors, creating a buying frenzy that could drive the price higher. This scenario mirrors the explosive growth seen with previous memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE), which turned early investors into multi-millionaires. Currently, Musk to Mars is only available for purchase on Solana's decentralized exchanges, such as Jup.ag and Raydium.io. The coin launched with more than $8,000 in liquidity, providing it with a competitive edge over many other new memecoins. Investors looking to buy MUSKMARS must connect their wallets, such as Solflare, MetaMask, or Phantom, and swap Solana for the memecoin using its contract address. This process is relatively straightforward, and those without a wallet can set one up quickly to begin trading. The ongoing trend of investing in new Solana memecoins comes as larger memecoins like SHIB, DOGE, and DogWifHat (WIF) have shown signs of stagnation. As these established coins trade sideways, many investors are shifting their focus to the potential high returns offered by new entrants like MUSKMARS. While these memecoins lack inherent utility and value, the allure of rapid price increases continues to attract speculative investors hoping to replicate the success of earlier memecoins. Should MUSKMARS follow a similar trajectory, it could pave the way for a new generation of memecoin millionaires in the near future.

Game development company Studio369 has announced the migration of its mech shooter title MetalCore to the Solana blockchain, aiming to enhance the gaming experience through faster on-chain transactions. As of October 24, the Solana blockchain is processing an impressive average of about 3,000 transactions per second, a key performance metric that underscores its capabilities. MetalCore will leverage Solana Labs' GameShift platform, which integrates a storefront and payment systems for in-game purchases. This free-to-play open-world game features both player-versus-player (PvP) and player-versus-environment (PvE) battles, allowing players to acquire assets from defeated opponents and convert them into Web3 assets for trading. The migration to Solana comes as the network has been attracting various protocols looking to improve scalability and reduce costs. Studio369's decision reflects a broader trend, as other projects like MetaBlox's Roam network and the decentralized wireless communications protocol Helium have also transitioned to Solana for its faster transaction speeds and scalability. With the gaming sector increasingly gravitating towards blockchain technology, Solana's infrastructure is positioned to support these developments effectively. Despite its advantages, Solana has faced challenges, including significant periods of downtime that have raised concerns about its reliability. The latest outage, which lasted about five hours, occurred on February 6, 2024. In response to these issues, the Solana Foundation is working on the Firedancer upgrade, with a full version expected in 2025 and interim updates to manage the growing network activity. As Solana continues to evolve, it remains a focal point for gaming and decentralized infrastructure projects seeking robust blockchain solutions.

In a groundbreaking announcement, C4E has partnered with Native to enhance the utility of Bitcoin within its ecosystem. This collaboration leverages Native's Bitcoin Liquidity and Interoperability Scaling Stack (BLISS), which aims to integrate Bitcoin into C4E's energy and e-mobility products. By doing so, C4E seeks to empower Bitcoin as a valuable asset within its network while simultaneously contributing to the green transformation of both the Bitcoin and energy industries. The immediate focus will be on integrating BLISS with C4E's existing Layer 1 DePIN Blockchain infrastructure, enabling users to access native Bitcoin across the C4E and IBC ecosystems. The integration of BLISS will allow C4E's energy and e-mobility products to benefit from Bitcoin's liquidity and security. Users will be able to engage in cross-chain transfers, manage multi-chain liquidity, and explore innovative use cases. This partnership marks a significant advancement in incorporating Bitcoin's robust security and liquidity into Cosmos-based applications, paving the way for staking services, collateral deployment, and advanced trading strategies within the C4E and IBC ecosystems. Looking ahead, C4E plans to explore Bitcoin restaking, which would enable BTC holders to actively participate in securing the C4E and IBC ecosystems. This shift could transform Bitcoin from a passive store of value into an active participant in the security of interconnected chains. The introduction of these services is expected to create new financial primitives and unlock economic opportunities for Bitcoin holders, as well as for the broader C4E and IBC networks. Together with Native, C4E is committed to fostering a future where Bitcoin plays a pivotal role in decentralized applications and market dynamics, contributing to a more sustainable energy and e-mobility landscape.

Crust Network, a prominent player in decentralized storage solutions, has announced a new partnership with Yoghourt Cloud through its Crust Grants Program. This collaboration aims to enhance the functionality of the InterPlanetary File System (IPFS), thereby improving the scalability and usability of the decentralized web. Yoghourt Cloud, a decentralized storage platform that utilizes the IPFS protocol, will receive funding to support its development efforts. The grant will focus on optimizing storage and retrieval processes, ensuring faster and more reliable file access for users, while addressing key challenges in decentralized storage such as data availability and latency. The objectives of this grant project are multifaceted. Firstly, Yoghourt Cloud plans to leverage Crust’s advanced storage architecture to develop more efficient storage management techniques for IPFS. This includes upgrading storage protocols and enhancing retrieval speeds to improve overall performance. Additionally, the integration of Crust’s decentralized storage capabilities into Yoghourt Cloud will provide users with a robust and scalable solution for their data storage needs. The project also aims to implement user-friendly upgrades, such as faster file uploads and smoother retrievals, which will enhance the overall user experience across the platform. Crust Network's commitment to decentralized storage infrastructure for Web3 is further exemplified through this grant. By supporting innovative projects like Yoghourt Cloud, Crust seeks to make IPFS more practical and accessible to a broader audience. This partnership not only marks a significant step in improving decentralized storage systems but also aims to strengthen the IPFS ecosystem, benefiting a wide range of decentralized applications (dApps). Together, Crust and Yoghourt Cloud are set to drive the future of decentralized storage, exploring new possibilities and optimizing existing solutions for Web3 applications.