Latest DePIN News

VeChain, a leading blockchain platform, has made significant strides in supply chain management by securing key patents in blockchain-based user authentication and inventory management. These innovations enhance security and efficiency across various industries, including retail, luxury goods, and automotive. The VeChainThor blockchain plays a crucial role in real-world applications, particularly within Decentralized Physical Infrastructure Networks (DePIN). The integration of Internet of Things (IoT) technology allows for real-time tracking and anti-counterfeiting measures, ensuring transparency and authenticity in product tracking. The platform's capabilities are exemplified through partnerships with major corporations. For instance, VeChain collaborates with Walmart China to track food products from farm to table, ensuring food safety through real-time data analytics. Additionally, luxury brands like LVMH utilize VeChain's blockchain to verify the authenticity of high-end products, addressing the persistent issue of counterfeiting. In the automotive sector, VeChain works with BMW to streamline complex supply chains, enhancing vehicle production and distribution efficiency. Furthermore, VeChain's applications extend to healthcare, securing the integrity of medical supplies and pharmaceuticals, and even carbon credit tracking to promote sustainability initiatives. Recently, VeChain received approval for a U.S. patent for a blockchain-based user authentication system, which aims to enhance security and authentication processes. This patent introduces a method for managing user identity data across multiple devices securely. Additionally, VeChain attained another patent for a mobile automated inventory container system, further optimizing inventory tracking and supply chain processes. These advancements position VeChain as a pivotal player in the blockchain space, driving innovation and efficiency in supply chain management across various sectors.

In a significant development for decentralized computing, Fizz Node has introduced a comprehensive setup guide for users looking to install its node on Windows machines using Windows Subsystem for Linux (WSL). This guide is designed to simplify the installation process, making it accessible even for those with limited command line experience. Users are required to enable WSL, install a Linux distribution such as Ubuntu, and set up Docker Desktop to create a conducive environment for running Fizz Node. The guide breaks down the steps into manageable tasks, ensuring that users can follow along without feeling overwhelmed. Once the prerequisites are in place, users can register their Fizz Node by navigating to the Spheron network. The registration process involves providing details about the node's operating system, resource specifications, geographical location, and payment preferences. This step is crucial as it allows users to contribute their computing resources to the decentralized network while earning rewards based on their contributions and uptime. The Fizz Node system incentivizes operators by allowing them to keep a significant portion of the payments received for the resources they provide, thus promoting a sustainable and profitable model for decentralized computing. The Fizz Node initiative not only offers a pathway for individuals to monetize their idle computing power but also plays a vital role in the broader vision of decentralized networks. By participating in the Fizz Node ecosystem, users can join the DePIN Super Compute Network, which aims to optimize energy usage and reduce carbon emissions. As the project approaches its token launch, additional benefits and rewards are expected to be introduced, further enhancing the appeal of running a Fizz Node. This initiative represents a pivotal shift in how decentralized computing resources can be accessed and utilized, making it an exciting opportunity for tech enthusiasts and eco-conscious users alike.

Bittensor (TAO) has recently made headlines as its Open Interest reached an all-time high of $189 million, reflecting a significant increase from $50 million on September 5. This surge indicates that more traders are actively engaging with TAO, opening and maintaining positions, which is a positive sign for the token's future. Over the past month, TAO has outperformed Bitcoin (BTC) and the broader cryptocurrency market, gaining over 130%. The overall market capitalization for AI and Big Data cryptocurrencies has also risen from $26 billion to $35 billion, further boosting TAO's position as the second-largest AI crypto with a market cap of $4 billion. The recent performance of TAO has been bolstered by favorable market sentiment, as evidenced by the long/short ratio standing at 1, indicating a balanced outlook among traders. Additionally, more than $800,000 in short positions were liquidated within 24 hours, suggesting that the market is currently not favoring short traders. Technical analysis shows that TAO is trading at $590 and has formed a bullish V-shaped recovery on the four-hour chart, indicating the potential for continued upward momentum. If TAO can break through its current resistance level, the next target price could be $618. Positive indicators such as the Chaikin Money Flow (CMF) being at 0.21 and the Moving Average Convergence Divergence (MACD) line flipping above the Signal line suggest that bullish momentum is strong. Furthermore, the funding rates for TAO have remained positive since late September, indicating that long traders are willing to pay fees to maintain their positions, which reflects confidence in the token's performance. Overall, the combination of rising Open Interest, strong technical indicators, and positive sentiment paints a promising picture for Bittensor's future in the cryptocurrency market.

MapMetrics is revolutionizing the way users earn rewards through its innovative app, which incentivizes both navigation and community growth. Users can accumulate $MMAPs by completing trips in navigation mode and inviting friends to join the platform. The app tracks total daily earnings, allowing users to see their cumulative rewards after each trip. For instance, if a user completes three trips in a day, they can earn a total of $MMAPs from each journey, making it a straightforward process to maximize earnings through consistent use of the app. In addition to daily trip rewards, MapMetrics offers an enticing Invite a Friend feature. This allows users to earn additional $MMAPs by referring friends to the app. When a friend signs up using a unique referral link and completes the onboarding process, both the user and their friend receive 250 $MMAPs. This not only enhances the user’s earnings but also fosters community growth, as each new user contributes to the overall accuracy of navigation data, improving the experience for everyone involved. Combining daily trip earnings with invite rewards can lead to significant accumulations of $MMAPs. For example, a user who takes three trips and invites three friends could potentially earn 767 $MMAPs in a single day. Beyond the financial incentives, MapMetrics also emphasizes the positive environmental impact of its operations, partnering with Tree-Nation to plant trees for every mile logged. This dual focus on rewards and sustainability makes MapMetrics an appealing choice for users looking to earn while contributing to a greater cause.

Render (RENDER) Underperforms Amid Market Pullback Render (RENDER) underperforms in the face of the market’s current pullback, resulting in the token experiencing a strong pullback in the past couple of days. According to CoinGecko, RENDER fell by nearly 13% since last week, showcasing the bearish sentiment prevailing in the market at the start of October. The market dip led to significant liquidations of both long and short positions holding the token. Despite this, there is hope for a potential recovery as Render prepares for 'Uptober' later this month. On-chain developments are also in progress for the decentralized physical infrastructure (DePIN) protocol. **Render's September Achievements** September was a bullish month for Render in terms of developments. One significant achievement was the support for Redshift, Mavon’s in-house 3D renderer. This support enhances Render’s decentralized compute niche for artists, particularly with the integration of Redshift's C4D file support. Annabele Siconolfi, a 3D artist, reported saving over 70-80 hours in a recent render job using the Redshift integration. Additionally, Render Network’s X account saw a 100% growth, reaching 200k users. This growth in community engagement strengthens Render's connection with its users and potentially boosts trust and belief in the platform's value. **RENDER's Price Outlook** Despite recent challenges, RENDER bulls managed to break through the $5.3 resistance level, turning it into support. While the token aims to consolidate above this level, maintaining momentum is crucial for its upward trajectory. However, the relative strength index (RSI) indicates a possible bearish reversal, suggesting potential downward pressure in the medium term. In case of a bearish scenario, RENDER could retrace to $4.9 in the short term. On the other hand, sustained bullish momentum could stabilize the token around $5.3 before aiming for $6.3 in the long term.

Network3, an AI Layer2 platform for global artificial intelligence developers, recently unveiled its latest innovation at the R3al World Summit in Singapore. The new Local Large Language Model (LLM) feature is designed to enhance the efficiency and performance of Edge AI technology. Edge AI involves deploying AI models directly on local devices like smartphones, bringing data processing closer to the source to improve application performance and reduce latency. The global Edge AI market is projected to exceed $269 billion in the next eight years, highlighting the growing significance of this technology. Transforming Smart Devices into AI Training Assets With a focus on making Web3 & AI technologies accessible, Network3 integrates DePIN with AI to enable IoT devices to train small AI models. By leveraging idle resources on smart devices, individuals can participate in AI training and earn rewards. The introduction of the local LLM feature aims to optimize smart devices' processing capabilities during idle times, reducing reliance on cloud computing, cutting down bandwidth usage, and enhancing data security and privacy. Network3, with over 320,000 active nodes globally, recently launched the N3 Edge V1 mining device, offering dual mining capabilities for IoTeX and Network3 tokens. Offering AI Chat Services on Mobile Devices Network3's latest update allows users to access AI chat services on their mobile devices without the need for expensive cloud infrastructure. A test version of the update will be available for download on the official website soon, providing users with the opportunity to interact with the model, earn tokens, and personalize their AI experience.

Bitget Wallet, a prominent Web3 non-custodial wallet, has announced its integration with Grass, an AI-driven data layer protocol. This integration allows users to earn rewards by sharing their unused internet bandwidth. With over 2 million users globally, Grass enables individuals to contribute to AI model training by sharing their internet bandwidth. The collected data is structured and sold to AI labs, providing users with rewards while advancing AI technology. Grass ensures user security by meeting industry standards and is now featured in the DApp section of Bitget Wallet, aligning with the platform's goal of offering seamless access to Web3 technologies. Alvin Kan, COO of Bitget Wallet, emphasized the significance of this integration, stating, 'Grass is a prime example of how users can earn rewards effortlessly while contributing to AI and decentralized infrastructure development. This partnership underscores our dedication to making Web3 accessible and beneficial for all users.' About Bitget Wallet Bitget Wallet is a leading non-custodial Web3 wallet and decentralized ecosystem platform. Offering a range of features such as multi-chain asset management, a native Launchpad, and support for over 100 blockchains and 250,000+ tokens, Bitget Wallet aims to facilitate asset discovery and Web3 exploration. For more information, visit the Bitget Wallet [website](Website).

**Decentralized Physical Infrastructure Networks (DePINs)** DePINs have emerged as a critical part of the blockchain industry, disrupting traditional infrastructure models in data storage, computing power, and connectivity. The market cap for DePIN projects is estimated at $20 billion, attracting investments from top venture capital firms like Andreessen Horowitz and Binance Labs. Projects such as IoTeX and Akash Network are successfully onboarding contributors to their decentralized networks, with IoTeX having over 100,000 connected devices and Akash Network boasting more than 50,000 contributors for decentralized cloud computing. The potential for DePIN to transform markets like the Internet of Things (IoT) is significant, especially with the IoT market projected to reach $500 billion. DePIN, short for 'decentralized physical infrastructure networks,' utilizes blockchain to maintain networks of physical hardware, offering solutions in various applications like sensors, wireless infrastructure, and energy grids. By incentivizing peer-to-peer hardware infrastructure through cryptocurrency tokenomics, DePIN projects are gaining traction in sectors like road mapping, telecommunications, and data storage.

Firoza Finance has launched a groundbreaking $2 million pilot program featuring the world's first real-world Mudarabah smart contract, aimed at providing Shariah-compliant financing options within the decentralized finance (DeFi) sector. This initiative, a collaboration between Liberty Finance and HAQQ Network, will introduce three distinct investment pools with a Total Value Locked (TVL) exceeding $2 million. The Mudarabah contract, traditionally used by Islamic banks, allows capital to be provided by one party while the business is managed by another, addressing a significant gap for users seeking ethical financial products in the DeFi market. In another development, Eigen Labs, in partnership with LayerZero Labs, has introduced a framework for CryptoEconomic Decentralized Verifier Networks (DVNs). This framework allows developers to bootstrap their own DVNs using various tokens and operators, enhancing the security and efficiency of decentralized applications. The first DVN to utilize this framework is the LayerZero Labs DVN, which accepts EIGEN, ZRO, and ETH as staking assets. This open-source initiative aims to facilitate the creation of decentralized verification systems, promoting broader adoption of decentralized technologies. Additionally, Ava Protocol has partnered with Sony's new L2 blockchain, Soneium, to provide automation services for creators and developers. This collaboration aims to simplify blockchain interactions for users who typically do not engage directly with blockchain technology, thereby lowering barriers to entry in the Web3 space. The integration will be part of Soneium Spark, the blockchain's incubation program, offering participants easy access to on-chain automation opportunities. These developments highlight the ongoing innovation in the blockchain space, as companies strive to create more inclusive and user-friendly financial solutions.

InFlux Technologies (Flux) and Akash Network have partnered to establish a DePIN advocacy group aimed at addressing regulatory clarity and government commitment to the decentralized technology sector. This collaboration seeks to promote education, industry awareness, and engagement with government agencies, lawmakers, and regulators. CEO and Co-founder of InFlux Technologies, Daniel Keller, emphasized the importance of creating regulatory frameworks that balance consumer protection with the transformative potential of decentralized technologies. The partnership between Flux and Akash Network is crucial for fostering growth and integrity in the Web3 and DePIN ecosystem. Akash Network, known as the 'Airbnb for data centers,' is a key player in decentralized computing services, offering computing resources through a secure marketplace. On the other hand, Flux provides decentralized cloud solutions for Web3, DePIN, and AI, bridging the infrastructural gap and enabling easier access to computing resources for developers and enterprises. By collaborating, Flux and Akash Network aim to influence U.S. regulations, propose industry-specific frameworks, and promote innovation and consumer interests within the blockchain sector.