Latest DePIN News

IoTeX, a DePIN infrastructure platform, is partnering with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer. The partnership aims to leverage AggLayer's cross-chain communication and liquidity sharing capabilities. This integration will enable IoTeX-based projects to distribute rewards and allow users to transact on the chain of their choice. The collaboration was announced by Raullen Chai, CEO and co-founder of IoTeX, and Sandeep Nailwal, co-founder of Polygon, at the R3al World event in Singapore. Polygon Labs and other core contributors are developing AggLayer, an interoperability layer designed to provide unified security and liquidity across multiple chains. By implementing ZK proofs, AggLayer aims to mitigate the risks associated with the failure of a single chain. ZK proofs allow parties to verify the accuracy of a statement without revealing the underlying data, enhancing the security and privacy of blockchain systems. In July, IoTeX introduced a white paper for IoTeX 2.0, a technology stack comprising composable modules and a unified trust layer. This stack is intended to drive the adoption of DePIN (Decentralized Physical Infrastructure Network) and is supported by a token economy that connects DePIN dapps, Layer 2 chains, and devices. Chai emphasized that IoTeX's infrastructure will enable seamless connectivity between DePIN developers and AggLayer, empowering users to engage with DePIN applications across various blockchains.

CoindarIoTeX is set to participate in a series of events during the Token 2049 conference. The team will be present at the R3al World conference, a collaborative event organized by IoTeX and Messari. The conference is scheduled to take place from September 16 to September 17. Additionally, IoTeX will also be part of the deAI Summit on September 16th, DePIN Mass Adoption on September 17th, In the World of DePIN on September 19th, and DePIN Day Singapore on September 20th. This participation highlights IoTeX's engagement in the blockchain and IoT community. **IoTeX: Revolutionizing IoT with Blockchain** IoTeX (IOTX) is an open-source blockchain platform tailored for the Internet of Things (IoT) sector, focusing on scalability, privacy, isolation, and decentralized application development. The project aims to tackle IoT ecosystem challenges like security vulnerabilities, high maintenance costs, and scalability constraints. By introducing a novel blockchain architecture, IoTeX supports a vast array of IoT devices. Central to IoTeX is the 'blockchain within a blockchain' concept, where the root blockchain manages network security, while sub-blockchains handle IoT device management and transactions. The native token, IOTX, powers the IoTeX network, facilitating transactions and governance participation.

DePIN company IoTeX has launched its Solana Bridge, aiming to enhance interoperability between the IoTeX and Solana ecosystems. This bridge, leveraging IoTube Bridge Architecture, enables asset transfers and data sharing, fostering collaboration and broader engagement. With a recent funding round of $50 million, IoTeX is focused on accelerating ecosystem growth, following previous initiatives like W3bstream and ioTube to strengthen its position in the DePIN sector. **How Solana Bridge Works** The Solana Bridge by IoTeX connects the two major DePIN platforms, facilitating cross-chain transfers and expanding the reach of Solana DePIN projects. Utilizing IoTube Bridge Architecture, the bridge ensures secure transactions through a two-thirds witness signature consensus mechanism. It supports elliptic curve signatures for different transfers, enhancing interoperability and accessibility for both ecosystems. **Previous DePIN Projects** IoTeX's latest development, the Solana Bridge, builds on the integration of W3bstream into the Solana ecosystem. W3bstream, a Layer-2 protocol for decentralized data processing, enhances scalability and performance by offloading data processing from the main blockchain. With a focus on data integrity and trust, W3bstream is valuable for applications like supply chain management and IoT, reinforcing IoTeX's role as a central platform for DePIN and expanding its ecosystem.

Just when the crypto market seemed to be calming down, today's top gainers are making waves. Theta Fuel surged by 11.19% due to a surprising partnership, while Oasis Network's ROSE saw an 8.48% jump with its groundbreaking privacy technology. ArcBlock and Unizen also experienced gains of 6.15% and 1.33% respectively. Investors are closely monitoring these tokens to understand the unique factors driving their recent success, potentially indicating emerging trends and opportunities. **Analyzing the Top Crypto Gainers** In the cryptocurrency world, every top gainer has a story behind its rise. Understanding the factors propelling these tokens' gains can unveil investment opportunities. Let's delve into the reasons behind the success of Theta Fuel and Oasis Network, shedding light on their recent achievements and future prospects.

AirMoney presented its ground-breaking AirMoney Degn Device at TOKEN2049 in Singapore. This Web3 hardware solution is designed for Decentralized Physical Infrastructure Networks (DePIN), offering a decentralized platform for staking, trading, and gaming. The device goes beyond traditional hardware wallets, allowing users to interact with Web3 protocols in a fully decentralized ecosystem. It features top-tier security with Web3Auth’s MPC technology, ensuring the protection of user assets. The AirMoney Degn Device redefines the role of hardware wallets by enabling users to operate nodes and earn tokens through Proof of Activity. Each device comes with a built-in node that connects to the network, allowing users to earn tokens by engaging with various decentralized applications (dApps). This shift transforms hardware wallets into dynamic tools that empower users with complete control over their cryptocurrency experience. A New Level of Functionality for Web3 Users The device facilitates easy access to decentralized services and applications through collaborations with leading blockchain and dApp providers. Users can trade on Bybit’s spot and perpetual futures platform, adjust leverage with a dedicated lever, and utilize AI-powered tools like Synesis One’s data-labeling dApp and Workspace. The integration offers a wide range of cryptocurrency utilities accessible through a decentralized app store. Notable features include an OLED-powered UI for seamless transactions and dApp interactions, enhancing the overall cryptocurrency experience. Security is paramount, with the incorporation of Web3Auth’s Multi-Party Computation (MPC) technology, which enhances security by distributing private keys across multiple locations to mitigate single points of failure. The device comes pre-loaded with native coins, enabling users to participate in decentralized finance (DeFi) and grow their holdings through PoA distribution as the network expands.

The intersection of artificial intelligence and blockchain technology is witnessing significant growth, with platforms like the Artificial Superintelligence Alliance (FET) and GoodEgg (GEGG) leading the way. While FET has been pivotal in shaping decentralized AI frameworks, GoodEgg is making waves in the AI dating realm by integrating advanced algorithms into the dating scene. Investors from FET are taking notice of GoodEgg's innovative approach and adding it to their portfolios to diversify within the AI sector. **Artificial Superintelligence Alliance (FET) — The AI Powerhouse** The Artificial Superintelligence Alliance (FET) has been a driving force in innovation, uniting industry giants like SingularityNET, Fetch.ai, and Ocean Protocol in a decentralized AI network. Focused on advancing artificial general intelligence (AGI), the alliance utilizes blockchain for scalable and decentralized AI solutions. A recent move by FET involves a proposed merger with CUDOS, a decentralized physical infrastructure network platform, aiming to expand its reach and computational resources for AI services. This strategic merger underscores FET's commitment to AGI leadership and has garnered attention from investors seeking growth opportunities in the AI sector.

Taking place on September 16th at Hopscotch Bar Singapore, as part of TOKEN2049, this event is set to be a major highlight in the crypto community. The DePIN Alliance event, powered by U2U Network and JDI Ventures, promises a dynamic experience, featuring key figures from the blockchain industry. Attendees will hear from over 10 leading venture capital firms, managing portfolios of more than $1 billion. Notable names like JDI Ventures, Chain Capital, V3V Ventures, and Foresight Ventures will be speaking. These VCs are crucial players in the DePIN ecosystem, offering valuable insights into the future of blockchain technology and investments. Bringing DePIN, AI & IP to Singapore! This September in Singapore, get ready to dive into the future of blockchain at our exclusive side event during @token2049, the world’s biggest crypto gathering 🔥. Let’s see how we turn up the heat, more information will be revealed soon! pic.twitter.com/9Ima9M9ozc. The event will also spotlight more than 30 global founders and innovators, including companies like Owlto Finance and Orochi Network. These innovators are at the forefront of blockchain advancements and will share their visions for the future of digital assets. As a media partner for the event, Altcoin Buzz is excited to see how the DePIN Alliance will shape the future of blockchain technology. The focus on merging DePIN, AI, and IP into real-world assets (RWAs) is particularly intriguing. It’s a unique opportunity to see how these different fields intersect and drive innovation.

AirMoney is gearing up to introduce a groundbreaking product that will revolutionize how users interact with cryptocurrencies and the decentralized ecosystem. Set to launch on September 18, 2024, at the TOKEN2049 event in Singapore, the AirMoney Degn device is poised to be the world's first hardware device tailored for a DePIN (Decentralized Physical Infrastructure Network) environment. The AirMoney Degn Device transcends the conventional notion of crypto wallets, which primarily focus on secure storage. Instead, this innovative device establishes a new market category by offering an interactive, self-contained ecosystem that seamlessly integrates security and functionality. By incorporating features like gaming, trading, and node operation, among others, the AirMoney Degn device aims to elevate user engagement with the decentralized realm through hardware interaction.

The DePIN-EdgeAI protocol, Network3’s mining machine, N3 Edge V1, has gained significant traction with over 1,800 devices already on-chain. Following the rapid sellout of the initial batch of 3,000 devices on August 20, these devices are now operational in 185 countries. Network3's N3 Edge V1 marks a shift in the AI industry by promoting fairness and competitiveness, moving away from energy-intensive and specialized hardware typically associated with mining. This device encourages broader participation in crypto-mining by enabling everyday users to mine tokens using simple devices like smartphones or computers. Users of N3 Edge can earn rewards by sharing internet bandwidth, providing computational power, and contributing data from their devices. These contributions are converted into utility tokens, supporting network activities and on-chain operations. Network3's successful launch of N3 Edge signifies a significant step towards a more equitable digital economy and a technologically advanced decentralized future. **A Privacy And Performance Focused Dual Mining Machine** Network3's physical mining device, N3 Edge V1, stands out for its ability to mine IoTeX and Network3's native tokens simultaneously. This innovative machine allows users to enhance their N3E credit points and earn financial incentives, providing improved monetization opportunities. N3 Edge is a lightweight yet powerful mining device that seamlessly integrates with IoTeX's infrastructure, including W3bstream and ioID. Users can easily set up their N3 Edge devices by connecting to a power source and start mining two types of tokens. By combining DePIN and Edge AI in the mining machine, Network3 ensures that local data from edge devices is readily accessible. N3 Edge functions as a personalized cloud service, emphasizing privacy and decentralization. Users can host and manage their clouds at home with N3 Edge, reducing latency and enhancing control over data privacy. This device enables anyone to integrate Edge V1 into an existing network and compete directly with Tier 1 systems, offering a new dimension to personal cloud computing and AI training landscape. **Expanding Monetization Opportunities in Crypto x AI With N3 Edge V1** Priced at around $900, N3 Edge V1 boasts an estimated daily earning of $7.5, with a breakeven period of 120 days or 4 months. Network3's N3 Edge emerges as one of the most profitable DePIN devices in terms of Return on Investment (ROI), ranking first in daily earnings and third in total return speed on DePINscan. Beyond its financial performance, N3 Edge has become one of the pioneering DePIN protocols to fully integrate into DePINscan's expanded on-chain metrics. Users of N3 Edge can diversify their revenue streams and create new income sources by leveraging their home IoT devices, paving the way for novel approaches in decentralized data processing for the AI industry.

The Artificial Superintelligence Alliance has put forward a proposal to merge with CUDOS, a decentralized physical infrastructure network platform. This merger would involve the conversion of CUDOS' native token, an AI compute platform, to FET if the community approves the proposal through a vote. The merger announcement, made on Sept. 11, involves SingularityNET, Fetch.ai, and Ocean Protocol merging into a single entity under the ASI alliance. CUDOS, known for its distributed AI computing capabilities that leverage blockchain for scalable and cost-efficient cloud AI services, is set to join the alliance as a non-founding member. The proposal aims to enhance AI research and development by integrating CUDOS' computing network into the ASI framework, pushing the boundaries of decentralized AI towards artificial general intelligence (AGI) and artificial superintelligence (ASI).