Latest DePIN News

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.

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.

The CUDOS merger with Fetch.ai ($FET) is entering its final phase as part of the ASI Alliance, following successful tests on the Dorado testnet. The CUDOS testnet was halted two weeks ago, paving the way for significant upgrades this week. Key events include a software upgrade for the CUDOS Network, which will temporarily halt the CUDOS chain, and a corresponding upgrade for the Fetch.ai network that will integrate all CUDOS accounts into the Fetch.ai ecosystem. Two governance proposals will be initiated on each network, and token holders are encouraged to participate in the voting process from October 22 to October 27, 2024. The CUDOS mainnet is set to halt at block height 12,385,627 on October 28, 2024, with the Fetch.ai mainnet upgrade following shortly after. As a CUDOS token holder, no action is required on your part during this transition. The migration of your CUDOS tokens to FET will be handled automatically through the software upgrades. Your new FET balance will reflect in the same account where your CUDOS tokens are currently held. However, it is essential to keep your private keys secure post-merger. All new FET tokens will be subject to a three-month vesting schedule, during which they can still earn rewards through delegation. Current CUDOS Validators are largely migrating to ASI, ensuring that your delegations remain intact. Looking ahead, the merger signifies a new chapter for CUDOS and Fetch.ai, combining their strengths to create a more robust decentralized network. The transition is not just a technical upgrade but a strategic move towards greater innovation and sustainability within the blockchain space. The CUDOS community's support has been invaluable, and as the merger unfolds, there is a palpable excitement about the future possibilities that lie ahead. Together, CUDOS and Fetch.ai are poised to achieve remarkable milestones in the blockchain ecosystem.

Bittensor (TAO) has recently captured the attention of traders and investors, particularly as it has experienced a notable 20% increase this month. Despite a 10% decline over the past week, the token's performance indicates a bullish outlook for the longer term. TAO has successfully broken out of an inverted head and shoulders pattern, surpassing the $600 level before entering a consolidation phase. Traders are now closely monitoring the $500 zone, as a bounce from this level could signal further upward movement if market conditions align favorably. As traders navigate the current market dynamics, many have mistakenly interpreted the recent price action as a sign of a bearish trend. This has led to an influx of short positions, which may have backfired as TAO's price surged, trapping these shorts. Currently trading around $560, TAO's return to breakeven levels may prompt trapped traders to exit their positions, potentially triggering a bounce. The token's recent pullback to the $500 range is viewed as a short-term buying opportunity, with analysts suggesting a bullish convergence on the 4-hour chart could lead to a price target of $800 by 2025. Despite the optimistic long-term outlook for Bittensor, traders remain cautious due to some weakness indicated by the MACD. If TAO loses support, it could dip below the $500 mark again. Nevertheless, Bittensor continues to rank among the top AI and Big Data projects, alongside notable competitors like Near Protocol, Oasis, and The Graph. This strong positioning in the market suggests that Bittensor is well-equipped to recover from recent corrections and may see further gains in the coming months, making it a project to watch closely for potential investment opportunities.

Auki is pioneering the development of the posemesh, a decentralized machine perception network designed to bridge the gap between humans, devices, and AI for the next 100 billion users on Earth and beyond. This innovative network aims to create an external sense of space that machines and AI can utilize to collaboratively comprehend the physical world. With 70% of the global economy still reliant on physical locations and labor, Auki's mission is to enhance civilization's intercognitive capacity, enabling better problem-solving and experiences in conjunction with AI. The posemesh introduces several features aimed at improving various sectors. For retailers, it addresses the critical challenge of product placement and shelf space allocation, providing insights that enhance operational efficiency. In property management, the posemesh facilitates clear communication and asset tracking, ensuring that issues are promptly identified and resolved. Furthermore, for events, it offers precise positioning and shareable navigation links, transforming how visitors navigate spaces and maximizing their experiences through augmented reality (AR) maps. Auki emphasizes the importance of privacy in its decentralized approach, ensuring that no single organization can capture or monitor private spaces. By allowing users to contribute to AI’s understanding of the world while retaining ownership of their data, the posemesh represents a significant step towards making the world machine-readable. This initiative not only supports the AI revolution but also addresses the inherent challenges and dangers associated with data privacy in spatial computing.

Ono­coy is a groundbreaking GNSS DePIN project that invites users to adopt a "bring your own" hardware model. This approach allows individuals to purchase their own base station, set it up, and contribute to Onocoy's correction stream. The advantages of this model are clear: users can utilize their own data streams, delve into the intricacies of Positioning, Navigation, and Timing (PNT), and enhance their understanding of GNSS technology. However, for those unfamiliar with the technical aspects, setting up a personal station can be daunting, requiring a bit of effort and knowledge to maximize rewards. To get started, users need to acquire a base station, such as the SparkFun RTK Mosaic X5. The installation process involves placing the antenna securely on the roof and ensuring a stable connection using Power over Ethernet (PoE). While this may require some physical adjustments, such as cutting holes for cables, the end result is a reliable setup that can effectively collect signals and provide RTK correction streams. Once the physical deployment is complete, users can connect to their local IP address to initiate the basic setup of the Mosaic, following the guidance provided by SparkFun. After establishing an Ono­coy account and connecting the RTK stream to the network, users can monitor their station's performance through the Ono­coy console. The initial observations indicate that the SparkFun setup is highly competitive compared to other local stations. However, potential contributors should assess the necessity of their station in a saturated deployment area, especially if their primary motivation is to earn Ono­coy tokens. Utilizing the Estimator tool on the Ono­coy Explorer can provide insights into potential earnings, making it easier for users to make informed decisions about their contributions to the network.

Theta Labs has announced a significant partnership with Hankuk University of Foreign Studies (HUFS), marking the latter as the newest customer of its EdgeCloud AI platform. This collaboration comes on the heels of Theta's growing influence in the academic sector in South Korea, where institutions such as Korea University, Seoul Women’s University, KAIST, and Yonsei University have already integrated Theta's infrastructure to enhance their AI research capabilities. The partnership will enable LAB HAI at HUFS, under the leadership of Professor Ikbeom Jang, to utilize Theta's scalable EdgeCloud platform for various advanced projects, including LLM-based multimodal data training and biomedical data compression. Professor Ikbeom Jang, who oversees the computer cluster at HUFS, expressed enthusiasm about the partnership, highlighting the potential of Theta EdgeCloud to significantly boost their multimodal medical AI research. The use of high-performance NVIDIA H100 GPUs will facilitate a wide range of AI applications in healthcare, thereby enhancing Korea's competitiveness in AI technology. Professor Jang's expertise in artificial intelligence and deep learning, along with his previous experience at Harvard Medical School, positions him and his team to make substantial contributions to the field, as evidenced by their recent publications and research grants. This multi-year agreement underscores Theta Labs' commitment to supporting AI research by providing decentralized GPU resources to esteemed institutions like HUFS. With over 33,000 students, HUFS is poised to leverage Theta’s advanced technology to drive innovation in healthcare AI, particularly in areas such as medical imaging and disease prediction. Mitch Liu, co-founder and CEO of Theta Labs, emphasized that this partnership is a pivotal step in expanding the application of decentralized computing in academia, positioning Theta as a leader in AI computing solutions in the region.

In the latest edition of the 4EVERLAND Bi-Weekly Report, the project has showcased significant advancements and community engagement over the past two weeks. Notable developments include the introduction of new features such as Telegram login support on the 4EVERLAND Dashboard and the integration of advanced large language models like GPT-4o-mini and Llama 3.2 into the 4EVERLAND AI RPC. Additionally, the 4EVER Boost Webpage and Telegram Mini App have seen enhancements with the launch of the "Mystery Code" feature and an Invite Module that rewards users for bringing in new participants. These updates are part of 4EVERLAND's strategy to enhance user experience and foster community growth. The report highlights impressive user growth, with 198,307 new users joining the platform, marking a significant milestone. Total transactions reached 132,549, and the number of active users stands at 28,603. The global node distribution ensures high availability and low latency, further solidifying the operational capabilities of the project. Community activities, such as the Template-a-thon Challenge and the 4EVER Boost Campaign, have also contributed to the platform's engagement, allowing users to earn rewards through participation and contributions. Looking ahead, 4EVERLAND is focused on continuous improvement and expansion. Upcoming plans include technical upgrades to enhance performance and security, as well as collaborations with additional projects to broaden the ecosystem. The team is committed to strengthening community interactions and actively seeking user feedback to drive future developments. With these initiatives, 4EVERLAND aims to create a vibrant and innovative Web3 experience for its users, ensuring a promising future for the project.

Ambient, the largest distributed network for environmental monitoring, has announced the successful deployment of blockchain-based air quality monitoring sensors in Los Angeles’ Japanese Village Plaza (JVP). This initiative aims to enhance the environment and well-being of the area, which attracts over 5,000 visitors daily. According to Ambient's CEO, Luca Franchi, the project highlights the growing importance of air quality awareness among consumers and businesses, while also promoting incentive-based behavior to drive better insights and foster a healthier experience for all. Historically, air quality monitoring has been a costly endeavor, primarily managed by government agencies and large corporations. The limited number of locations being tracked in Los Angeles underscores the need for more comprehensive monitoring solutions. With the World Health Organization reporting over seven million premature deaths globally due to air pollution, effective monitoring is essential to address health risks associated with poor air quality. The deployment at JVP not only improves the quality of life for its visitors but also serves as a model for broader applications in urban centers. Ambient, in collaboration with Parami, is deploying Kaiterra Sensedge Mini sensors across 30 retailers in JVP, providing real-time data on temperature, humidity, particulate matter, and more. This innovative approach leverages blockchain technology to record data on the Solana Blockchain and offers token-based incentives for participants. By investing in Ambient tokens, participants can benefit from data sales and commercial activities derived from the network, driving meaningful change and innovation in environmental monitoring.

In recent years, the urgency of addressing environmental issues has led to the exploration of various technologies aimed at reducing humanity’s carbon footprint. Among these technologies, blockchain, a decentralized and transparent digital ledger, has emerged as a potential solution for fostering a more sustainable environment. While blockchain is often associated with cryptocurrencies and high energy consumption, its underlying technology offers opportunities for environmental protection, from decentralized energy grids to incentivizing eco-friendly behaviors. This article explores how blockchain is being applied to environmental challenges, examining projects that are actively working towards reducing carbon emissions, promoting transparency in supply chains, and rewarding individuals for their contributions to sustainability. One of the most vivid examples of how blockchain can help create a sustainable environment is through decentralized energy grids. These grids allow individuals and businesses to generate, share, and trade renewable energy such as solar and wind power without needing a centralized utility provider. Blockchain technology ensures that these transactions are transparent, secure, and efficient, enabling participants to track energy production and consumption in real time. A standout example is Power Ledger, an Australian blockchain-based platform that facilitates peer-to-peer energy trading, reducing reliance on non-renewable energy sources and promoting a cleaner energy future. Blockchain technology is also making significant strides in ensuring supply chain transparency, which is essential for building a sustainable environment. Many industries, including fashion, food, and electronics, are adopting blockchain to track products from raw materials to the consumer. Provenance, a blockchain platform for tracking product origins, helps companies demonstrate their commitment to sustainability. By providing verifiable data about a product’s entire journey, Provenance empowers consumers to make informed choices that contribute to a sustainable environment. As blockchain evolves, its role in fostering sustainability may prove to be one of its most impactful applications.