Latest DePIN News

Crypto expert Meltem Demirors predicts that decentralized physical infrastructure networks (DePINs) will give rise to numerous multi-billion dollar projects. DePINs use blockchain to decentralize control over physical infrastructure, such as wireless connectivity and data storage. Demirors sees Bitcoin's success as a potential blueprint for DePINs, which could lead to the creation of valuable protocols and companies. Notable DePIN projects include Render, Filecoin, The Graph, and Akash Network.

DePIN, which stands for Decentralized Physical Infrastructure Networks, is revolutionizing the way we manage physical infrastructures through blockchain technology. It distributes control and voting rights among all network participants, unlike centralized systems. DePIN projects utilize smart contracts for automated transactions and operations, enhancing security, reducing costs, and fostering transparency and trust. Participants are rewarded with native tokens for their contributions, making the network stronger and more secure. While DePIN offers numerous advantages over traditional centralized infrastructure, there is always room for improvement.

Hivello, an investee of Blockmate Ventures, has formed a strategic partnership with IoTeX, a leading blockchain in the decentralized physical infrastructure networks (DePIN) space. The collaboration will integrate Hivello's DePIN aggregator platform with IoTeX's ecosystem, enabling support for new DePINs launched on the IoTeX chain and promoting Hivello to millions of consumers globally. Hivello aims to create a vibrant DePIN ecosystem by leveraging spare computing resources for a sharing economy, targeting both consumers and enterprises. The company is currently raising funds to expand its technology and customer base.

Decentralized physical infrastructure networks (DePin) could revolutionize law enforcement by shifting from state-controlled to community-based systems, enhancing transparency, according to a report by Zee Prime Capital. Decentralized security (DeSec) involves creating distributed surveillance and law enforcement architecture, such as ballistic triangulation systems and community patrol DAOs. Blockchain and decentralized architecture excel in security due to the inherent redundancy in these systems. DeSec applications extend beyond policing, offering incentives for reinforcing electrical infrastructure against disruptive events. Decentralized networks can also spot aerial incursions, reducing terrorism risks. However, the increased transparency comes with privacy trade-offs, highlighting the need to balance these aspects to avoid intrusive mass surveillance.

Decentralized physical infrastructure networks, or 'DePINs,' are gaining attention in the crypto industry for their potential to tackle real-world data and energy challenges. DePINs integrate with physical infrastructures and use blockchain technology along with token incentives to enhance business operations. The DePIN market is currently worth $2.2 trillion and is predicted to grow to $3.5 trillion by 2028, according to Messari. DePINs address connectivity and technology issues in the telecommunications industry, which is valued at $3.1 trillion and expected to reach $3.9 trillion by 2028. Projects like Helium Mobile aim to disrupt the wireless telecommunications industry with a decentralized, community-built network, offering affordable, unlimited mobile services.

HONEY, Hivemapper's native token, has seen a 43% surge, trading at $0.08141, amidst a general downturn in the cryptocurrency market. The token's market cap has also increased by over 56%, reaching $161.9 million. Despite this, HONEY is still 81% below its all-time high of $0.4315 set on December 7, 2022. Hivemapper, a decentralized mapping platform, is attempting to rival Google Maps by utilizing a network of dashcam-equipped vehicles to collect mapping data. Contributors and data verifiers are rewarded with HONEY tokens, which has led to a mapped network covering over 262.55 million kilometers. The token's recent appreciation is attributed to the growth of Hivemapper's network and the listing of HONEY on Kraken Pro, a major cryptocurrency exchange.

OKX, a top Web3 tech firm, has announced the integration of its wallet with CUDIS, an AI-powered wearable device that offers wellness tracking. This union provides seamless connectivity for OKX users, allowing them to manage health data and digital assets securely. CUDIS users have full control over their encrypted health data stored on the Solana blockchain, and can earn rewards for wellness activities. The device uses AI and sensors for personalized health insights. OKX offers a range of products, including a crypto wallet, DEX, NFT marketplace, and DeFi platform, supporting multiple blockchains and coins.

MegaETH, a new blockchain promising real-time operations and high transaction speeds, recently secured a $20 million seed round led by Dragonfly Capital. The project claims to process 100,000 transactions per second with millisecond-level latency, a significant improvement over existing blockchains like Ethereum. Prominent figures in the crypto industry, including Ethereum co-founders Vitalik Buterin and Joe Lubin, have invested in MegaETH, indicating their belief in its potential. Meanwhile, Lido's token, LDO, experienced a 7% increase following the resignation of Jump Crypto's president, Kanav Kariya, suggesting that his departure was seen as a positive move for the project. On the other hand, Hivemapper, a Solana-based mapping project aiming to challenge Google Maps, is facing challenges in generating demand for its product and its token, HONEY, which has seen an 85% drop from its December peak.

NATIX Network's token, NATIX, has been listed on centralized exchanges like KuCoin, MEXC, and Gate.io, but not yet on major platforms such as Binance, Coinbase, and Kraken. The network encourages users to collect and share environmental data for smart-city and mobility applications through its mapping solution and flagship product, Drive&. Despite competition from established giants like Google Maps and other DePin projects, NATIX offers a unique advantage by utilizing existing smartphones for data collection, avoiding supply chain delays associated with new hardware. However, the network faces challenges in growing consumer demand and maintaining token value, as seen with Hivemapper's HONEY token, which has fallen significantly.

NATIX is a global mapping network powered by their proprietary AI and camera DePIN. NATIX’s flagship product “Drive&” uses driver assistant apps (e.g. dashcam and navigation), token incentives, computer vision AI, and smartphone cameras to map the roads and support various mobility, autonomous driving, and smart city applications. With over 120k registered drivers and over 50 million km covered in only 12 months, NATIX is one of the fastest-growing DePINs globally. NATIX token will be going live July 2nd, 10 AM UTC on Coinlist, Kucoin, Gate.io and MEXC. https://depinscan.io/token-launch