Latest DePIN News

DePin (Decentralized Physical Infrastructure Networks) tokens have gained significant attention as a rapidly growing sector in the crypto space. With a focus on decentralized services like storage, rendering, and streaming, DePin tokens have been on the rise. As October 2024 approaches, investors may be contemplating the ideal timing for investment. In September, Bitcoin defied its historical performance with notable gains, closing the month with an approximate 9% increase, a stark contrast to its usual 3.6% decline during the same period over the past decade. DePin tokens like Render (RNDR) also saw impressive surges, with a 31.0% increase in the last 30 days. In the DePin sector, other tokens like Filecoin (FIL), Theta Network (THETA), Arweave (AR), and The Graph (GRT) have shown positive growth as well. Filecoin witnessed a 9.6% value increase, reaching a market cap exceeding $2.3 billion, while Theta Network surged by 18.5%, pushing its market cap to around $1.4 billion. Arweave and The Graph also demonstrated strong performances, with a 7.0% and 24.4% increase, respectively. **October’s Bullish History and DePin Token Growth Challenges** As the crypto market gears up for October, historically known as 'Uptober' for its strong performance, expectations are high. Data from CoinGlass suggests an average October upside of nearly 23%, hinting at the potential for Bitcoin to reach new all-time highs. Analysts like Michaël van de Poppe foresee a bullish quarter ahead, with altcoins possibly seeing significant gains and Bitcoin aiming to surpass its previous peak. Despite challenges in verifying services, DePin tokens have shown remarkable growth, with a 450% increase in the past year. Projects like DAWN and Filecoin are implementing innovative verification methods to overcome scaling difficulties and ensure trustless verification, indicating a positive outlook for the DePin sector.

When a Trade & Commodity Finance bank makes a secured loan to a commodities trader, the ultimate origin of the collateral is physical commodities. Even if the collateral transforms into intangibles like receivables, forward book, or contract rights—it all started out with physical stuff. I have recently been thinking about how the Uniform Commercial Code’s (“UCC”) new Article 12 might interface with one of the current preoccupations in the digital asset space: decentralized physical infrastructure networks, or DePINs. It occurred to me that DePINs might catch the eye of commodity banks and their customers. After all, the word “physical” is right in the name. But what are DePINs? You can think of DePINs as being akin to crowdsourcing. They are a way to incentivize a blockchain community to share existing physical assets or contribute to the development of new ones. DePINs have been used to share resources like surplus server space, computing power on GPUs, decentralized wireless networks, and decentralized energy grids for renewable energy producers. DePINs come in two types. They might be physical resource networks, dealing with real-world assets (“RWAs”) that are tangible—like raw materials, equipment, or transportation. Or, they might be digital resource networks, which deal with intangible resources—things like data, information, and software. Adding AI to a DePIN can make each even more powerful and useful. Observers anticipate that the practical applications of DePINs will continue to expand.

In the realm of Decentralized Physical Infrastructure Networks (DePINs), the concept of verifiability plays a crucial role in establishing trust in the data and services derived from user-owned hardware. Without verifiability, there are substantial technical and business risks, including the potential for data manipulation and compromised services. Verifiable DePINs open up new possibilities and applications, such as cross-industry composability and interoperability. In today's environment where trust is a scarce commodity, the motto 'Don't trust, verify' holds immense significance, as evidenced by incidents like the FTX collapse and Crowdstrike outage. Decentralization offers a solution to trust issues by enabling users to independently verify data integrity and transactions, reducing reliance on centralized authorities. This principle has been pivotal in the adoption of blockchain technology, particularly in sectors like DeFi. However, with the emergence of DePINs, ensuring verifiability in real-world data becomes a paramount challenge. Expanding on the concept of internet-of-things (IoT), DePINs incorporate individual monetization and bridges for real-world data. Unlike digital decentralized applications (Dapps) that function solely on-chain, DePINs interact with physical entities. These networks, comprising user-owned hardware, generate valuable real-world data and services, which users can monetize. Yet, the integration of physical devices introduces the critical question of trustworthiness in on-chain data generation and actions. This underscores the necessity of verifiable DePINs to uphold the decentralized infrastructure's integrity and trustworthiness.

IoTeX, founded in 2017, anticipated the rise of Decentralized Physical Infrastructure Networks (DePIN) long before the concept gained popularity in 2023. The project initially positioned itself as a Layer 1 blockchain focused on connecting the Internet of Things (IoT) with blockchain technology. However, IoTeX has recently pivoted towards a modular approach, reflecting a significant strategic shift in response to evolving industry needs. Jing Sun, co-founder of IoTeX, shared insights into this transformation during an interview at TOKEN2049. Sun explained that while traditional Layer 1 blockchains struggle to address the unique challenges of DePIN projects, particularly in data verification, IoTeX aims to provide foundational support for the entire DePIN ecosystem. This includes developing middleware and various tech stacks that enable efficient off-chain data validation and on-chain value capture. A key component of IoTeX's new strategy is W3bStream, a protocol designed to validate device data off-chain and selectively record critical information on-chain, thus reducing operational costs for DePIN projects. This approach, coupled with IoTeX's concept of 'Sovereign Smart Devices', creates a framework where machines can autonomously participate in economic activities, forming what Sun describes as a 'machine society' within the blockchain ecosystem.

Recent analysis suggests that Bitcoin (BTC) could be on the verge of a bullish trend, attributed to decreasing Bitcoin reserves and rising stablecoin reserves. This combination of reduced supply and growing buying power has sparked optimism for a potential price surge. Investors are now eyeing the best altcoins for investment opportunities. Wormhole, in partnership with Securitize, aims to enhance interoperability by integrating the Wormhole cross-chain communication protocol. This move is set to facilitate faster and more cost-effective transactions for tokenized real-world assets (RWAs) across blockchain networks. Carlos Domingo, CEO of Securitize, emphasized the importance of public, permissionless blockchains for tokenized securities to leverage blockchain benefits. Wormhole's current price stands at $0.3066, with positive liquidity and a promising price forecast. Conflux, a key player in decentralized finance (DeFi), has collaborated with the Worldwide Stablecoin Payment Network (WSPN) to bring WUSD stablecoin onto the Conflux blockchain. This partnership aims to improve global payment functionalities and financial markets on the platform. Conflux's native token, CFX, is currently trading at $0.184646, showing a significant price increase and positive performance over the past year.

Zulu Network, a pioneering Bitcoin layer 2 solution optimized for Decentralized Physical Infrastructure Networks (DePIN), has officially launched. By leveraging the security and value of Bitcoin, Zulu Network aims to revolutionize the sharing and monetization of computing resources within the blockchain ecosystem. As the demand for decentralized services grows, traditional infrastructures are becoming outdated and centralized. Zulu Network addresses these challenges by allowing users to tokenize their computing power, changing how physical resources are utilized in the digital space. With over 770K users on the Zulu Network Testnet, anticipation is high for the Mainnet launch. **Key Features of Zulu Network** - Tokenized Computing Power: Users can tokenize their computing resources for decentralized access and efficient utilization. - Bitcoin Layer 2 Architecture: Built on top of the Bitcoin blockchain, Zulu Network enhances transaction speeds, reduces costs, and maintains security while enabling EVM compatibility. - Decentralized Governance: Stakeholders can make critical decisions regarding protocol developments, revenue sharing, and ecosystem growth. - Incentivized Participation: Users can earn Bitcoin rewards by depositing and staking Zulu tokens (ZULU) to strengthen the network. **Transforming the Future of Decentralized Infrastructure** Eric Lifson, Co-Founder of Zulu Network, emphasizes that Zulu Network is not just a layer 2 solution but a transformative ecosystem empowering individuals and businesses towards a decentralized future. The focus on tokenized computing power within the DePIN framework will reshape decentralized services, infrastructure ownership, and resource sharing, potentially delivering real utility beyond Bitcoin's store of value. Zulu Network invites developers and tech enthusiasts to participate in this project promoting decentralization and maximizing computing resource utility. Interested parties can stay updated on the upcoming token sale and platform launch by visiting [Zulu Network's website](https://zulunetwork.io/) and following them on social media.

Marwari Network, a decentralized physical infrastructure network, has successfully raised $10.8 million in a funding round. The round was led by Anfield Ltd, Borderless Capital, and 1kx, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, and Samsung Next, among others. Notable angel investors include Helium co-founder Sean Carey, The Tie co-founder and CEO Joshua Frank, Pete Townsend of Techstars, and Galaxy Digital’s former exec Ivan Brightly. The fundraising was structured as a simple agreement for future equity (SAFE) with token warrants. The total amount raised by Marwari Network now stands at $17.3 million, following an oversubscribed seed round of $6.5 million announced earlier in February 2023. The company is focused on building a decentralized physical infrastructure network (DePIN) that aims to scale spatial computing, enabling interactions with virtual 3D spaces using extended reality (XR), augmented reality (AR), and virtual reality (VR) devices.

In recent years, tech giants have amassed significant control over the internet, posing threats to data privacy and digital security. The CrowdStrike incident highlighted the vulnerabilities of centralized systems, emphasizing the need for a solution. Enter Decentralized Physical Infrastructure Networks (DePIN), offering a groundbreaking approach to integrating the physical world with blockchain technology. By connecting devices like sensors, IoT gadgets, and computers to decentralized networks, DePIN enables users to earn digital assets by sharing data and resources, breaking free from centralized middlemen who exploit user data for profit. Real-World Applications DePIN-based projects are reshaping various aspects of daily life. For instance, GEODNET leverages blockchain to enhance geolocation accuracy, benefiting industries like agriculture and construction. Community-driven internet access, exemplified by WiFi Map's global hotspots, challenges traditional telecom monopolies. DIMO enables users to monetize vehicle data, fostering innovation in insurance and fleet management. Witness Chain unifies DePIN projects, fostering collaboration and establishing a decentralized infrastructure supply chain. XNET aims to provide network connectivity to the offline population using blockchain technology and CBRS bandwidth, while storage networks like Fi...

Mawari Network has raised $10.8 million in strategic funding from Borderless Capital, 1kx, and other investors. The project, built on Solana, aims to scale spatial computing. Anfield Ltd, Borderless Capital, and 1kx co-led the funding round, with participation from various investors including Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, Samsung Next, and angel investors like Sean Carey and Joshua Frank. The round, structured as a simple agreement for future equity (SAFE) with token warrants, brings Mawari's total capital raised to $17.3 million. **What is Mawari Network?** Mawari Network is a Solana-based DePIN project focused on scaling spatial computing. The network, founded by Luis Oscar Ramirez and Takeo Yatabe, aims to blend the physical world with digital information through technologies like augmented reality (AR), virtual reality (VR), and extended reality (XR). Mawari, meaning 'your surroundings' in Japanese, was born out of the founders' recognition of the challenges artists faced in creating real-time immersive content. The network operates behind the scenes to deliver real-time 3D content for VR, AR, and XR devices, ensuring a seamless and immersive experience for users worldwide.

As AI evolves and the need for more computational power increases, the demands on digital infrastructure have never been greater. DePIN, or decentralized physical infrastructure networks, is a groundbreaking approach poised to revolutionize business operations. Traditional centralized models struggle to keep up with growing demands, while DePIN leverages distributed networks for flexibility, scalability, and resilience. Tory Green, CEO of Io.net, highlights the limitations of traditional systems and the benefits of DePIN in terms of scalability, cost efficiency, and resilience. **Advantages of DePIN** One of DePIN's key advantages is its unparalleled scalability by utilizing underutilized global resources. IO.net aggregates GPUs worldwide, offering nearly unlimited compute capacity. Cost efficiency is another highlight, as DePIN significantly reduces infrastructure costs by leveraging idle resources, making high-performance computing accessible to startups. In terms of resilience, DePIN outperforms traditional models by eliminating single points of failure. With decentralized nodes distributed globally, tasks like AI model training can be performed with lower latency, improving efficiency and reliability. **Benefits for Users** Users working with IO.net's decentralized network benefit from affordable, scalable compute power, particularly advantageous for smaller companies and startups. Compared to traditional cloud providers, IO.net offers substantial cost savings, unlimited compute capacity, and enhanced reliability. Users can enjoy more compute power for less cost, with added flexibility, allowing them to focus on their core business operations.