Latest DePIN News

In September 2024, Bistroo achieved significant milestones, notably launching a partnership with IoTex and initiating the Bistroo Super Community Campaign. This collaboration aims to enhance the ecosystem by leveraging resources from partner projects, which will ultimately reward all contributors. The month also marked a remarkable growth in user engagement, with 6,304 first-time users placing orders, reflecting a 228% increase year-on-year. Furthermore, Bistroo surpassed 100,000 active users and saw a 402% rise in new user accounts, indicating a robust expansion in its customer base. The marketing efforts in September were centered around partnerships and community engagement, coinciding with Bistroo's 5th anniversary. The launch of the Bistroo Super Community Campaign involved collaboration with ten projects to promote growth within the crypto space. Additionally, Bistroo unveiled a revamped website and litepaper, aligning with its current and future objectives. The partnership with IoTex is expected to bolster Bistroo's capabilities and enhance its service offerings, further solidifying its position in the market. On the development front, Bistroo rolled out several updates to improve user experience for both merchants and customers. Enhancements included a streamlined merchant portal, improved mobile interfaces, and new features such as the 'as soon as possible' delivery option. These updates are designed to optimize the ordering process and improve feedback mechanisms for restaurants. With these advancements, Bistroo continues to position itself as a leading SaaS infrastructure for restaurants, offering lower fees and instant payouts, while enabling both customers and merchants to earn rewards within the BIST ecosystem.

The altcoin market is experiencing a resurgence as investors prepare for an exciting fourth quarter. Notable performers like Bittensor and Dogwifhat have seen significant price increases, prompting many investors to shift their profits towards the Rollblock ($RBLK) presale. This innovative project aims to revolutionize the online gambling sector by integrating blockchain technology, making it an attractive opportunity for those looking to capitalize on the gaming industry's potential. Bittensor ($TAO) has recently cooled off after an impressive 100% rally, currently trading down 5% at $579. Despite this minor pullback, Bittensor holders have enjoyed a remarkable month, with their portfolios increasing by over 97%. Investors are keenly watching for continued upward momentum, particularly as the $500 mark serves as a crucial support level. Meanwhile, Dogwifhat ($WIF) has also gained traction, riding the wave of the meme coin resurgence with an 8% increase this week, bringing its price to $2.58. With a remarkable 73% gain this month, Dogwifhat could potentially reach its yearly highs again, depending on the overall strength of the meme market. Rollblock ($RBLK) is capturing investor attention with its presale, which has raised over $4.51 million, attracting more than 17,000 early adopters. This project promises to secure all bets on-chain, eliminating concerns about bet tampering and ensuring transparency. Investors are particularly excited about the potential for high annual percentage yields (APY) of 30% by staking RBLK, the platform's native token. With innovative tokenomics designed to reduce supply as demand increases, Rollblock positions itself as a promising investment opportunity in the rapidly growing $450 billion gambling market. New participants can take advantage of a 100% deposit bonus on purchases up to $500, making it an opportune moment to invest before prices potentially skyrocket.

In a significant development within the blockchain and AI sectors, io.net, a pioneering decentralized physical infrastructure network (DePIN) GPU platform, has announced a strategic partnership with ParallelAI. This collaboration aims to enhance the capabilities of both platforms by integrating io.net's tools into ParallelAI's infrastructure, which specializes in parallel processing optimization for AI applications. The partnership is expected to bolster GPU computational facilities on IO Cloud, particularly through the deployment of A100 GPUs, allowing AI developers to efficiently conduct tasks such as large language model (LLM) training and distributed deep learning. The partnership will not only focus on expanding computational resources but also on joint research and development efforts. By leveraging their combined expertise, io.net and ParallelAI aim to push the boundaries of GPU cloud computing, setting new standards for performance and efficiency. This collaboration follows io.net's previous partnerships, including a notable alliance with FLock to develop a Proof-of-AI (PoAI) consensus mechanism, further solidifying its position in the AI and DePIN landscape. ParallelAI's innovative approach allows developers to write high-level code while the platform manages parallel computing across multiple GPUs and CPUs. This can lead to a remarkable reduction in computational time—up to 20 times faster—and significant cost savings. By utilizing decentralized GPU clusters on demand through IO Cloud, ParallelAI can scale its operations seamlessly, ensuring clients have reliable access to the computational power needed for intensive AI workloads, with potential savings of up to 90% compared to traditional cloud services.

The Future Blockchain Summit 2024 marked a pivotal moment for DRIFE, as the company showcased its vision for decentralized transportation and sustainable technology. The event was filled with innovation and collaboration, highlighting the transformative potential of blockchain in the mobility sector. Firdosh Shaikh, the Founder of DRIFE, delivered an insightful session on decentralized mobility, emphasizing how sustainable technology is reshaping the blockchain ecosystem. His discussion, moderated by Ivan Mehta from TechCrunch, explored the future of mobility and the integration of blockchain into urban transportation, demonstrating how it can empower both riders and drivers by eliminating intermediaries. DRIFE's participation included a demonstration of its decentralized ride-hailing platform, which aims to create a community-powered system that enhances transparency and increases earnings for drivers. Attendees experienced firsthand how DRIFE utilizes blockchain technology to offer more cost-effective and secure rides. Throughout the event, the DRIFE team engaged with industry leaders from the web3 and mobility sectors, discussing potential partnerships and innovations in decentralized technology. These conversations underscored the importance of collaboration in driving blockchain adoption in the mobility sector, leading to several promising opportunities. The summit also facilitated networking with various stakeholders, including blockchain startups, investors, and policymakers, paving the way for future collaborations that will enhance blockchain-powered transportation. DRIFE's immersive booth attracted numerous visitors eager to learn about its ride-hailing solutions, while over 500 DRIFE cars provided seamless transportation throughout Dubai during the event. The partnership with Crypto Oasis UAE for the Web3Fest Kickoff Night further showcased DRIFE's commitment to decentralized mobility, offering discounted rides to attendees. As DRIFE continues to push the boundaries of decentralized transportation, it expresses gratitude to the Future Blockchain Summit organizers and looks forward to future innovations in urban mobility.

**Regulators Acknowledge Benefits of Decentralized Physical Infrastructure Networks (DePIN)** Regulators have recognized the unique advantages brought by decentralized physical infrastructure networks (DePIN), as stated by Greg Osuri, the founder of Akash, a DePIN protocol. Osuri aims to persuade regulators that DePIN should be supervised differently from other crypto sectors. A recent meeting with a key staffer from the U.S. House committee overseeing commerce and trade was described as 'productive' by Osuri. Akash and competitor InFlux Technologies have joined forces to establish a DePIN and Web3 advocacy group to create a regulatory framework for the sector. Advocates of DePIN emphasize the real-world value these projects offer by granting users control over physical infrastructure networks using blockchain technology. Alvaro Garcia from Borderless Capital highlighted that DePIN projects stand out from traditional crypto ventures as their value is derived from outside the crypto sector. Osuri echoed this sentiment, mentioning that regulators are taking notice of DePIN's disruptive potential in mainstream markets. VCs like Borderless Capital have shown interest in DePIN, with a recent $100 million fund dedicated to the sector, investing in projects like Helium and GEODNET. Osuri argues for a distinct regulatory approach for DePIN compared to sectors like DeFi. Akash and InFlux Technologies have formed an advocacy group to educate regulators on the unique value proposition of DePIN. Osuri stressed the importance of differentiating DePIN from other crypto sectors in regulatory discussions to ensure lawmakers understand its distinct characteristics and benefits. Despite utilizing crypto features, Osuri believes that emphasizing the advantages of DePIN is more crucial than focusing on the 'crypto' aspect.

The Helium (HNT) token has shown signs of a bullish recovery over the past two days, aided by its 200-day Exponential Moving Average (EMA) on the daily chart. Currently, the token is trading 46.25% below its all-time high (ATH), suggesting a potential for a breakout rally. However, market analysts warn of a possible bull trap around the $8 mark, where a strong sell point exists. This volatility raises questions about the wisdom of investing in Helium amidst fluctuating market sentiments. In recent trading, Helium's price has experienced increased volatility, with a 10.39% correction over the past week and a 14.47% decline in the last 30 days. Despite these setbacks, the token has recorded a 4% increase in the last 24 hours, with a trading volume of $15.46 million, albeit down by 45.41%. The bearish trend indicated by the 50-day EMA contrasts with the support provided by the 200-day EMA, reflecting uncertainty in the market. The Relative Strength Index (RSI) indicates a neutral trend, suggesting a balance between buying and selling pressures. Looking ahead, if bullish momentum continues, HNT could retest its resistance level of $6.525 this week. Sustaining above this level may pave the way for a rise toward the $8 resistance in the coming weeks. Conversely, a bearish turn in the crypto market could see Helium drop to its support level of $5.155, with further declines potentially reaching the lower support trendline of $3.80. Investors are keenly observing these developments to gauge the long-term prospects of this digital asset.

The IoTeX ecosystem is experiencing unprecedented growth, particularly in the DePIN (Decentralized Physical Infrastructure Network) sector. With the launch of IoTeX 2.0, the platform has introduced a sophisticated tech stack that has attracted 218 projects, including 51 dedicated to DePIN. This surge in activity is underscored by the impressive DePINscan, which now tracks over 280 projects and 18 million devices. The upcoming Get GOATed Season 2 campaign promises to further energize the ecosystem with 100 million $IOTX incentives, marking a pivotal moment for IoTeX and its vision to become the leading DePIN ecosystem in the crypto space. IoTeX is now recognized as the third-largest DePIN ecosystem, trailing only Ethereum and Solana. The platform's commitment to supporting its projects through initiatives like the DePIN Surf Accelerator and the IoTeX Ecosystem Fund has fostered significant advancements in the sector. Notable projects such as Network3, Nubila, and Wayru are making headlines with their innovative approaches and successful fundraising efforts. For instance, Network3 has raised $5.5 million and is set to launch its $N3 token soon, while Nubila has secured $2.5 million to enhance its environmental data collection capabilities. Looking ahead, IoTeX is not only focused on nurturing its internal projects but is also expanding its influence across other Layer 1 networks. Recent integrations with platforms like Solana and Polygon are designed to enhance cross-chain liquidity and broaden the reach of DePIN capabilities. As the ecosystem gears up for major product launches, including ioID and W3bstream, the excitement surrounding IoTeX continues to build. With a robust roadmap ahead, IoTeX is poised to solidify its position as a key player in the DePIN landscape, driving innovation and collaboration across the crypto universe.

The Storj team has made a significant move by resuming deposits of STORJ tokens into Binance after a seven-month break, transferring 5 million STORJ tokens valued at approximately $2.99 million through GSR Markets. This action follows a pattern reminiscent of their previous activities from late 2023 to early 2024, where they began regular deposits as the token price increased. From November 2023 to March 2024, Storj deposited a total of 37.9 million STORJ tokens at an average price of $0.809, resulting in approximately $30.64 million in net gains. However, this influx of tokens often led to downward pressure on the token's price, a trend that seems to be repeating itself now. In the last 24 hours, the price of STORJ surged by 27.64%, coinciding with the deposit of 10 million STORJ tokens (valued at $5 million) into Upbit just 10 hours prior. This price spike aligns with historical patterns where the token price tends to rise before large deposits are made by the Storj team, followed by a sell-off. The team appears to be capitalizing on these price increases, profiting from favorable market conditions while maintaining a strategic silence regarding their trading activities. The wallet “0x6e6” currently holds 1.54 million STORJ tokens, valued at around $920,000, suggesting that further movements may occur. The repetitive nature of these price spikes, deposits, and subsequent sales has raised concerns within the crypto community, as traders remain cautious about potential price declines following these large transactions. As always, participants in the market are advised to conduct thorough research before making any investment decisions in the volatile cryptocurrency landscape.

As the world accelerates towards sustainable energy solutions, PowerPod has announced a new partnership with Arkreen for the Green DePIN Initiative. This collaboration aims to introduce an on-chain carbon offset system specifically for the green charging of two-wheel electric motorcycles. This initiative is strategically designed to tap into the rapidly expanding two-wheel market in Asia, which is experiencing unprecedented growth with over 200 million electric motorcycles already on the road and a projected annual growth rate of 7%. The partnership between PowerPod and Arkreen is set to demonstrate a real-world application of Green DePIN (Decentralized Physical Infrastructure Network), enhancing the sustainability of electric motorcycle usage while ensuring transparency and accountability in energy consumption. PowerPod and Arkreen are leading the charge towards carbon neutrality in the electric motorcycle market by utilizing tokenized Renewable Energy Certificates (RECs) for on-chain offsets. These tokenized RECs, referred to as ART tokens, represent Arkreen Renewable Energy Certificates (ARECs) and are issued on-chain, supported by verified renewable energy data from rooftop solar panels within the Arkreen Network. This innovative approach offsets brown energy consumption with renewable energy credits, ensuring a truly sustainable charging process for electric motorcycles. By integrating Arkreen’s on-chain carbon offset solution into PowerPod’s charging network, the partnership aims to deliver REAL users, REAL income, and REAL rewards, all backed by real-time on-chain carbon offsets. As PowerPod and Arkreen embark on this transformative journey, they are not only advancing the future of efficient electric mobility but also leading a sustainable energy revolution across Asia. Their collaboration is poised to deliver tangible benefits to the entire electric vehicle ecosystem, pushing the boundaries of sustainable transportation and decentralized energy networks. With their innovative on-chain offset approach and PowerPod’s decentralized charging market presence, this partnership is set to drive the future of electric mobility while promoting sustainability in transportation.

U2U Network, a pioneering Layer-1 blockchain focused on decentralized infrastructure, has announced the launch of its inaugural DePIN Node Sale, set to begin on October 22. This initiative allows participants to acquire decentralized nodes, contributing to the expansion of U2U's DePIN infrastructure. The sale features 40,000 nodes available across six tiers, with an entry price starting at $200 for a checker node. This model not only democratizes access to node operation but also promises significant earning potential, with participants expected to recover their investment in just 58 days. The U2U Network aims to attract a diverse range of participants by eliminating the need for programming skills to operate a node, thus broadening the community engagement. Nodes are crucial in decentralized networks, facilitating communication, transaction validation, and enhancing security. The U2U Subnet comprises two types of nodes: Master Nodes, which handle transaction storage and data validation, and Edge Nodes, which offer additional computational power for specific protocols. Both node types are incentivized based on their contributions, forming the backbone of U2U's DePIN infrastructure. The network's design allows node operators to contribute resources from various devices, ensuring uninterrupted application performance. With over 40 DePIN projects in the ecosystem, node operators can support a wide array of sectors, including computing, cybersecurity, and artificial intelligence, further increasing their earning potential. The U2U Network has garnered significant backing from top investors such as KuCoin Ventures, Chain Capital, and IDG Blockchain, positioning itself strongly in the industry. The team comprises over 120 professionals from leading tech companies, ensuring a wealth of expertise. With a growing community of over 1 million members, U2U Network is poised to revolutionize decentralized infrastructure. The combination of low entry costs, high ROI, and the absence of coding requirements makes this Node Sale an attractive opportunity for a broad audience, inviting them to participate in shaping the future of decentralized networks.