Latest DePIN News

Decentralized Physical Infrastructure Networks (DePin) are making waves in the tech industry by facilitating decentralized projects in real-world infrastructure. ATOR Protocol has rebranded to Anyone, aiming to make internet privacy a standard for all users with its new Anon network. Meanwhile, Verida secured over $5 million in funding, valuing the decentralized personal information network at $50 million. Lastly, Synternet, a Layer-1 blockchain for AI, DeFi, DePIN, and IoT projects, has launched its mainnet on the Cosmos network, enabling a decentralized data economy.

Nubila, a leading data oracle in the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has initiated a fundraising round. The round is led by IoTeX and VeChain, along with the Boston Consulting Group, and has attracted participation from a diverse group of investors including OrangeDAO, MH Ventures, Future Money Group, and others. To date, Nubila has secured $2.5 million in funding. This investment reflects the industry's recognition of Nubila's potential to use AI and tokenization to enhance decision-making, promote sustainable development, and create financial products with ESG data. Nubila's founder, Ben, envisions building the infrastructure for the MachineFi revolution by establishing a network of advanced weather stations and sensors to capture critical environmental data. The integration of real-time ESG data into AI models, such as Microsoft's Aurora atmospheric model, will improve ESG assessments and drive more informed and sustainable decision-making across various industries. With the new funding, Nubila aims to scale its operations and expand its global reach to contribute significantly to the planet's sustainability and well-being. The funds will be used to scale Nubila's operations, develop its ESG Data Oracle, and pursue strategic goals like enhancing data accuracy, expanding the network's reach, and increasing user engagement and awareness of sustainable investment. Raullen Chai, Founder of IoTeX, praises Nubila for leveraging DePIN and AI to transform ESG data management, noting the revolutionary approach of creating a decentralized ESG network of community-owned IoT devices. Nubila has deployed 16,000 advanced weather stations worldwide, capturing over 100TB of weather data for accurate ESG assessments. Headquartered in San Francisco, Nubila is dedicated to transforming sustainability initiatives through innovative solutions within the DePIN ecosystem, using AI and ESG tokenization to empower decision-making and drive sustainable development.

Crypto analysts are predicting a Decentralized Physical Infrastructure Network (DePin) supercycle, driven by Web3 and AI advancements, reminiscent of the early Internet era. DePin aims to decentralize applications currently dominated by tech giants like AWS and Google Cloud. The AI sector is particularly active, with growing demand for GPUs as AI models become more complex. Projects like io.net and Aethir are expected to secure significant market shares early on. DeFi analyst Cyril points to altcoins like Helium's MOBILE, OriginTrail's TRAC, and Nosana's NOS as having potential in the DePin ecosystem. Other noteworthy tokens include Theta Network's THETA for decentralized video streaming and The Graph's GRT for organizing blockchain data for efficient Web3 applications. Render (RNDR) and Filecoin (FIL) are also contributing to the DePin infrastructure, showcasing the growing integration of blockchain in real-world applications.

While ApeCoin and Helium are gaining attention in the cryptocurrency market, BlockDAG has emerged as a strong competitor with its groundbreaking Keynote 2 presentation. The presentation has significantly increased BlockDAG's pre-sale earnings to $54.5 million and is expected to yield up to a 30,000x ROI, showcasing its significant growth potential. Helium's value has surged by 50% in a day, following its nationwide mobile service expansion in partnership with T-Mobile. The introduction of a $20 unlimited data, talk, and text plan leverages Helium's decentralized IoT network to enhance service utility and connectivity. ApeCoin's forecast indicates a gradual increase, with prices predicted to range from $2.24 to $2.65 in 2025 and reaching between $13.13 and $15.69 by 2030, driven by ongoing market evolution and technological advances. BlockDAG's Keynote 2 has unveiled significant advancements in blockchain technology, emphasizing its dedication to innovation. The company plans to release a documentary and a DOXing video to engage with the community and reveal the faces behind its technology, fostering trust within the cryptocurrency community. BlockDAG's roadmap promises substantial advancements, including the development of new blockchain explorer tools and enhancements to smart contract functionalities and asset management. These improvements aim to provide a more user-friendly and comprehensive blockchain experience, optimizing operations and setting new industry benchmarks. With the successful sale of Batch 19 coins at $0.014 each, representing a 1300% increase from their initial pricing, BlockDAG's growth trajectory is set to soar, making it the most bullish contender for 2024 in the crypto market.

Sean Cary, Helium's co-founder and Borderless Capital's lead partner, discusses the boundless potential of Decentralized Physical Infrastructure Networks (DePIN) in his latest article on CoinDesk. He explains DePIN as either bespoke networks with custom hardware or commodity DePIN that operates on everyday devices like smartphones. Cary's interest in technology was sparked by his grandfather's watch, which could tell the time with a button press, leading him to explore the future of technology.

Decentralized physical infrastructure (DePIN) is a growing field that integrates technology into everyday life, making it more accessible and user-friendly. The Helium Blockchain is a prime example of DePIN's power, offering a new way of thinking and simplifying complex Web3 concepts. DePIN projects like Wingbits democratize valuable data sharing and reward users through token infrastructure. The ecosystem is expanding with two types of DePIN: Commodity, which uses everyday hardware for scalability and inclusivity, and Bespoke, which focuses on precision and optimization with custom hardware.

Synternet, a blockchain that supports modular data infrastructure across major chains such as Ethereum and Cosmos, has launched its mainnet on the Cosmos network. This significant step completes the Monaco phase and marks the beginning of a new era for the decentralized data economy. Synternet's token, $SYNT, now holds real monetary value, enabling practical use within its multi-chain ecosystem. Developers can now create innovative applications using real-time, trustless data streams from all major chains. The Cosmos network offers Synternet a robust foundation for growth, with benefits like reduced gas fees and faster transaction processing. Synternet's CTO, Jonas Simanavicius, and CEO, Daniel Haudenschild, emphasize the mainnet launch's importance for the decentralized data economy and the opportunities it presents for developers and businesses. The $SYNT token is central to Synternet's ecosystem, serving as the primary payment method for data services and offering staking opportunities for token holders.

Hivemapper, a decentralized physical infrastructure network (DePin), claims to expand its map database four to five times faster than Google Maps using blockchain technology. The company's co-founder, Ariel Seidman, attributes this growth to unique contributor engagement strategies, such as incentivizing early adopters with HONEY tokens. Despite mapping 21% of the world's roads in just 31 months, Hivemapper faces challenges with demand, as the project has not seen the same growth in demand as on the supply side. This imbalance is crucial because Hivemapper's token-based incentive model relies on a market for its data that matches its growth. The journey of Hivemapper offers a blueprint for how decentralized technologies can disrupt traditional industries by realigning incentives.

Coinbase has announced that it will not facilitate the upcoming merger of the Ocean Protocol (OCEAN) and Fetch.ai (FET) tokens related to the Artificial Superintelligence Alliance (ASI). The exchange will continue to support trading for both tokens until further notice but will not execute migrations on behalf of users. Instead, Coinbase will allow users to perform migrations through self-custodial wallets, including Coinbase Wallet. The token merger aims to promote the growth of decentralized AI infrastructure and challenge Big Tech's dominance in the AI sector. The ASI token is expected to become the largest decentralized AI token by market cap, with a combined cap of $5.8 billion for the three existing tokens. Other exchanges, such as Bitfinex, HTX, Bitget, Binance, and Crypto.com, have announced plans to support the merger and automatically merge the tokens for users, although the exact timeline varies.

ATOR, now rebranding to Anyone, has initiated a major transition in the privacy protocol space. This rebranding signifies a move from obscurity to a more mainstream approach to privacy. With the ATOR pool ranking among the top 15 Uniswap pools on Ethereum by value, the demand for ATOR DePIN hardware relays has skyrocketed, commanding high premiums on secondary markets. The rebrand to Anyone aims to create a privacy ecosystem accessible to all, offering an affordable entry point with physical relay units and enterprise-grade solutions for companies. The protocol's design encourages developer innovation, with projects like peaq network, io.net, and Tectum enriching the ecosystem. Supported by a strong advisory board and investors, Anyone is poised to enhance digital privacy for everyone. The project also introduces a token upgrade, with new $ANYONE tokens redeemable for the original $ATOR tokens, promising improved value accrual for contributors.