Latest DePIN News

The MetaCannes Film3 Festival, a collaboration between Theta Network and The Squad, concluded on May 25, 2024, offering a tech-forward and inclusive cinematic experience. The event featured world premieres, live streaming, and a focus on empowering underrepresented voices in the film industry. Sian Morson, founder of The BlkChain, curated a Short Film Block highlighting BIPOC voices, while Herflix sponsored a women-focused content feed and hosted the Better World Foundation gala. Swan Sit, known as the 'Queen of Clubhouse,' hosted the Herflix gala, which was attended by notable figures such as Juliette Binoche and Lang Lang. The festival introduced the Next Wave of Cinema Awards, with 'FREE FALL' winning the Grand Jury Golden Wave Award and 'FALLING FROM GRACE' receiving the Special Jury Prize for AI Cinema. MetaCannes emphasized AI's role in filmmaking through its MetaCannesNEXT segment, showcasing AI's impact on storytelling and distribution. Attendees enjoyed exclusive screenings of award-winning short films and new works by innovative filmmakers. Powered by Theta Network's NFT-based digital rights management, the festival provided a secure and transparent platform for film access. The event also launched exclusive NFT passes, enhancing the viewer experience with blockchain technology and offering access to creators in a token-gated Discord channel.

At the IO Summit, io.net unveiled its decentralized physical infrastructure network, demonstrating recent achievements and future plans. The June 4 keynote featured CEO Ahmad Shadid and notable guests like Solana's Anatoly Yakovenko. io.net raised $30M in Series A funding, increasing its valuation and adoption. Shadid expressed excitement about scaling the internet of GPUs, launching io.net Cloud, and meeting demand for a scalable Decentralized Physical Infrastructure Network (DePIN). The team also shared updates on developing utilities for DePIN.

The term DePIN (decentralized physical infrastructure networks) has gained traction, with a projected market valuation of $1 trillion in the next decade. DePIN's roots trace back to early decentralized networks like BitTorrent and the Tor network, which showcased the power of decentralized systems in distributing data and enhancing privacy. Today, DePIN has evolved into a distinct vertical within the blockchain space, with significant investments in ventures like decentralized wireless networks and storage solutions. However, many projects misappropriate the DePIN label, failing to deliver on the fundamental aspects of providing physical infrastructure and network governance through consensus voting of the network's hardware. To qualify as true DePIN, projects must be in the business of providing physical infrastructure and operate without central control, utilizing physical assets and fairly rewarding contributors. The misuse of the DePIN term can mislead investors and stakeholders, diluting its meaning and undermining the integrity of genuine DePIN initiatives. Understanding the core principles that define true DePIN projects is vital for the industry's health and growth, as DePIN has the potential to democratize access to essential infrastructure, reduce costs, and enhance resilience by eliminating single points of failure.

Nosana, a decentralized open-source compute network, has partnered with Matrix One, a decentralized AI character protocol, to democratize AI character creation. Nosana provides affordable access to GPUs, which will be used by Matrix One for computational research and development. This collaboration will enhance Matrix One's ecosystem, enabling the creation of more advanced AI avatars. The partnership aims to test Nosana's platform capabilities and explore future integrations to enhance capabilities and services. Both Nosana and Matrix One are committed to innovation and the growth of decentralized computing solutions and AI models.

SNPad, a Web3 platform that pays viewers for watching commercials, is set to list its token on Uniswap on June 4, 2024. The platform uses AI and blockchain to deliver personalized ads to households, offering a more engaging and targeted advertising experience. Users can earn up to 70% of ad revenue in SNPAD tokens. SNPad aims to revolutionize TV advertising for the 1.72 billion global households, providing a new way for viewers to earn while watching commercials. The platform has already received accolades, including the 'Best Blockchain Startup' award at Crypto Expo Europe 2024.

Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the internet's infrastructure layer, offering growth and innovation potential. Five DePIN projects stand out for their promising technical setups and investment potential. Render Network connects artists with unused GPU power from other computers, with its RNDR tokens rewarding contributors. Phala Network focuses on privacy-preserving cloud computing, while Nosana leverages spare CPU power on devices for crowd-computing. These projects aim to democratize access to computational resources, making powerful computing more affordable and accessible.

Decentralized energy network Starpower has completed a $2 million pre-seed funding round, with participation from Alliance, Arweave, IoTeX, Bas1s Ventures, and angel investors including Max Jungreis, Shen Bo, and Sal Gala. Starpower uses the DePIN model to connect energy power equipment like air conditioners, batteries, and electric vehicles, establishing a dispatchable energy management network to improve power efficiency and reduce grid fluctuations, accelerating global energy transformation. Currently, Starpower has 50,000 app and hardware users, aiming to connect over a million power devices within three years and become one of the world's largest distributed energy aggregators.

Discover the top DePIN crypto mining projects for June 2024, designed to maximize passive income and crypto investments. DePIN, or Decentralized Physical Infrastructure Networks, integrates blockchain with physical systems, set to thrive in the upcoming bull market. Dive into the top 10 projects and their respective discount codes to accelerate your DePIN journey. **GEODNET**: A web3.0 blockchain-based RTK Network that enhances GPS accuracy for AI-based autonomous systems. With an estimated monthly earning of $430 and a break-even ROI in 45 days, GEODNET is accessible with just an elevated outdoor spot. **NATIX**: Mobilize your car to contribute to a decentralized dynamic map of the world, incentivizing users to map their surroundings for smart-city applications. **DIMO**: Aims to create a human-centric connected mobility ecosystem, where developers innovate freely, and privacy coexists with progress. **Soarchain**: A Layer 1 Network fostering a decentralized ecosystem for the mobility industry, offering instant ROI post airdrops. **WeatherXM**: A community-driven weather network rewarding weather station owners and providing accurate services to various entities. **Fry Foundation**: Built on the Algorand ecosystem, FrysCrypto aims to accelerate mainstream crypto adoption while reducing e-waste. **UpRock**: Contribute to AI discoveries by simply using your phone, earning rewards in the process. **Grass**: Monetize your unused internet bandwidth without compromising privacy, contributing to the growth of AI. **Silencio**: A network rewarding users for hyper-local noise pollution data, aiming to become the world's largest citizen science project. **Hivemapper**: Create the world's freshest decentralized map with transparent incentives, using just your phone and car. Explore each project's mission, requirements, and potential earnings to find the best fit for your DePIN crypto mining endeavors. Remember, this list is a guide to help you maximize your investments and passive income ambitions. For further insights, refer to the DePIN sector map from Messari. Please note that this is not financial advice; always conduct your own research.

WeatherXM is revolutionizing weather forecasting by leveraging Web3 technology and IoT to create a decentralized network of weather stations. This approach allows for more accurate and hyperlocal weather data, accessible to everyone from farmers to scientists. The community-driven network encourages users to contribute data from their own weather stations, enhancing the overall reliability of the information. By integrating IoT devices with blockchain networks like Helium and Filecoin, WeatherXM ensures data security and scalability. Station owners are rewarded with the platform's native ERC-20 token, WXM, which became tradable on Uniswap v3 and other platforms on May 30. The technology has real-world applications in agriculture and disaster preparedness, with a focus on providing accurate weather data to remote and developing regions. WeatherXM aims to expand its network globally and improve data collection, recently raising $7.7 million in a Series A funding round.

Aethir is advancing in decentralized physical infrastructure with AI and machine learning, announcing a partnership with GAM3S.GG for enhanced gaming experience. Aethir Edge has distributed over 66,000 Checker Nodes, utilizing idle GPU power for earning $ATH tokens. The company aims to address the global GPU scarcity by aggregating and redistributing resources, potentially increasing global GPU compute availability. Aethir also hosted the 'AI Dinner Salon' at Consensus 2024, discussing decentralized AI's future.