Latest DePIN News

Avalanche (AVAX) is on a bullish run, aiming to break the $60 resistance level, while Filecoin (FIL) is expanding its ecosystem with the innovative FilOz team. Meanwhile, BlockDAG (BDAG) is making significant strides with a 1000% increase in its presale price, raising $46.8 million from over 11.2 billion coins sold. Crypto analysts predict BDAG could reach $1 in 2024, $10 by 2025, $20 by 2027, and $30 by 2030. The X100 miner, with its 2 TH/s hash rate and energy-efficient design, is a key driver of BlockDAG's success, offering profitability and scalability for miners. As the crypto market evolves, BlockDAG's technological advancements and community engagement position it as a top-performing investment opportunity.

The 'AI+DePIN Technology and Application Summit', hosted by AIConnect and co-organized by JuCoin, successfully concluded in Ho Chi Minh City, marking significant progress in the integration of AI and DePIN technologies. The event featured speeches from industry leaders, including Tony Tong, President of the Hong Kong Blockchain Association, who emphasized the revolutionary impact of AI+DePIN on various industries. James, a board member of Exor Digital Holdings, introduced JuCoin Exchange, a platform dedicated to financial freedom and technological innovation. Andrew Wilson, co-founder of JuCoin Labs, highlighted their role in advancing blockchain technology and the Web3 ecosystem. Jonathan Frank, CMO of AIConnect, presented AIConnect as a decentralized computing network, aiming to lead the AI computing and blockchain industry into a new era. Alexx, AIConnect Community Ambassador, shared insights on the future of computational power and AI services. The summit showcased the potential of AI and DePIN integration to drive innovation and development in the fintech industry.

Bitfinex, a prominent digital asset trading platform, is set to list ATH, the native token of Aethir, a decentralized cloud infrastructure provider that specializes in AI and gaming. Aethir operates as a decentralized physical infrastructure network (DePIN), offering high-speed, scalable enterprise-grade cloud services suitable for resource-intensive applications like Bitcoin mining and AI. The ATH token serves various utilities within the Aethir ecosystem, including payment for services, governance voting rights, and staking opportunities, with a total supply of 42 billion tokens. Henry Child, Head of Tokens at Bitfinex, highlighted the significance of Aethir's approach to distributed cloud computing in addressing the GPU shortage in the tech industry. ATH deposits are expected to open on June 10, 2024, with trading commencing on June 12, 2024, against US Dollars and Tether tokens. Users must adhere to Bitfinex's terms of service, with U.S. persons and other prohibited individuals restricted from using the platform.

Binance Launchpool introduces IO.NET, a decentralized AI computing and cloud platform, with staking options for BNB and FDUSD to earn IO tokens. The token will be listed on Binance with various trading pairs and a seed tag. Users must complete KYC for staking, and rewards will be calculated hourly, with real-time updates on APY and pool balances. Binance BNB Vault and Locked Products will support the Launchpool, and users can unstake funds without delay. Participation is subject to eligibility based on the user's country of residence.

DePIN, a decentralized physical infrastructure network, is reshaping the future of computing power by offering a democratic and cost-effective solution to everyday challenges. The peer-to-peer infrastructure allows for efficient distribution of computing resources and rewards users for their contributions. DePIN projects like StorX Network, Drife, Helium Network, and Healthblocks are revolutionizing various industries, including transportation, water supply, energy, communication systems, financial services, healthcare, and defense. Aten Krotos and Arthava's Zero-knowledge Artificial General Intelligence (ZkAGI) project, built on DePIN, addresses privacy concerns in AI by combining Zero Knowledge and DePIN technologies. ZkAGI, an open-source framework, facilitates secure and private AI computation on a decentralized network, incentivizing participants to contribute to a privacy-focused AI ecosystem.

Aethir, a decentralized GPU-as-a-Service platform, has been analyzed in a new report by Mythos Research and CMC Research. The report delves into Aethir's technology, partnerships, and market position in Decentralized Physical Infrastructure Networks (DePIN). Aethir aims to connect GPU providers with consumers in AI, gaming, and virtual computing. It boasts a $24 million GPU infrastructure across 13 countries, serving as a marketplace for aggregated GPU resources. The platform's diverse network allows for efficient pooling and utilization of distributed computing resources, highlighting its potential in the decentralized infrastructure market.

FilOz, a new team within the Filecoin ecosystem, is focused on securing and expanding the Filecoin protocol. With a mission to drive innovation and collaboration, the team works on protocol improvements, network upgrades, and maintaining open-source software. In 2024, Filecoin aims to integrate various networks through Layer 2 solutions, make Filecoin a fundamental storage layer for web3, and expand the economy and community. FilOz's priorities include accelerating storage adoption, enhancing Filecoin's utility with cross-chain interoperability, simplifying maintenance, growing the community, and expanding the economy. They invite individuals and teams to contribute to the mission and have secured initial funding from the Protocol Labs Filecoin Public Goods Fund.

Stratos Network's v0.12 upgrade marks a significant leap forward in decentralized infrastructure technology. This update introduces a range of features that enhance the Stratos Chain and Decentralized Storage network, improving the user experience within the Stratos ecosystem. Key upgrades include seamless Cosmos transactions via Wallet Connect and Metamask, integration with Exoswap for effortless token delegation, and the introduction of Cosmos IBC for broader ecosystem connectivity. Stratos Wallet now supports Wallet Connect, facilitating efficient STOS token transfers and exchanges. The Stratos Chain also supports prepayment using Solidity smart contracts, with a Prepay bridge for cross-chain SDS storage. Stratos Decentralized Storage (SDS) sees enhancements such as volume report settlement improvements, a Share-To-Earn mechanism, and improved backup and autoscaling for data security. RPC performance and resource node performance detection have also been enhanced, alongside an improved video streaming workflow.

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.