Latest DePIN News

Franklin Templeton has recognized two DePIN projects, Hivemapper and Helium, as promising within the $26 billion crypto sector. Both projects operate on the Solana blockchain, chosen for its speed and low costs. Hivemapper, a mapping project akin to Google Maps, has already mapped a fifth of the world's roads, primarily in the US and Europe, rewarding contributors with its HONEY token. Despite its success in gaining contributors, the project still faces challenges in demand. Helium, valued at $570 million, offers a wireless mobile service with cheaper subscription packages than traditional carriers, having signed up 93,000 subscribers for its unlimited plan. While these projects show potential for disruption, their success is currently tied to token incentives rather than the intrinsic value of their services.

SEALCOIN AG, a subsidiary of WISeKey, has launched a decentralized Physical Internet Network (DEPIN) project with strategic investment from The Hashgraph Association. The project aims to revolutionize the Internet of Things (IoT) landscape by enabling autonomous transactions and service-for-payment exchanges among IoT devices using Hedera's decentralized ledger technology. The SEALCOIN utility token will facilitate secure interactions between devices and participants, addressing the demand for efficient and trustworthy transactions in the IoT sector, particularly in Transactional IoT (t-IoT). The Hashgraph Association's investment will support SEALCOIN AG in developing scalable IoT transaction solutions, providing technical expertise and strategic guidance in Web3.

Franklin Templeton's report, 'DePIN: Traction in Supply & Early Signs of Increasing Demand,' delves into the burgeoning Decentralized Physical Infrastructure Network (DePin) sector, which is shaking up traditional industries with innovative, token-based incentive models. Projects like Hivemapper and Helium are leading the charge, leveraging mass collaboration to map roads and build wireless networks more efficiently and cost-effectively than their centralized counterparts. Hivemapper, for instance, has mapped 21% of global roads with over 60,000 contributors in just 31 months. Helium has partnered with T-Mobile to expand its 5G network to 13,000 hotspots, offering an unlimited phone plan at a significantly lower cost than traditional providers. However, the report also highlights a critical need for increased consumer demand to ensure the long-term sustainability of DePin projects, as the supply of such services has outpaced demand. With the market capitalization of DePin projects at $47 billion and the recent token listings of Aethir and io.net, there is potential for growth, but attracting a broader user base remains key.

Synternet, a decentralized real-time data infrastructure, aims to revolutionize Web3 development by enabling seamless cross-chain dApp creation. Originating from NOIA, it addresses blockchain data access challenges with support from prominent investors. Synternet's three main components include the App Chain, Data Layer, and PubSub protocol, which together provide a secure, efficient, and interoperable data exchange. The Data Layer is the core, allowing full nodes to sell data and users to purchase it using tokens. Synternet's mission is to democratize blockchain data access, supporting projects in various Web3 spaces.

Uplink, the world's first decentralized internet platform, has joined the Wireless Broadband Alliance (WBA) as an official member and speaker at the Wireless Global Congress Americas 2024. As a member, Uplink will engage with leading enterprises and contribute to the decentralized internet infrastructure platform. Their goal is to empower OpenRoaming members within the WBA ecosystem, connecting Access Network Providers (ANPs) and Identity Network Providers (IDPs) to a singular, decentralized platform for solving market problems. With the Uplink network, ANPs and IDPs can drive OpenRoaming adoption and connectivity, enhancing the internet ecosystem. The partnership with GL-iNET aims to upgrade connectivity for OEMs, supporting a variety of network technologies. Uplink's vision is to unite internet companies and infrastructure on a single, upgraded platform, aligning with the WBA's mission to promote connectivity and innovate in mobile technologies.

Bitrue, a top cryptocurrency exchange, has launched a 3-week ATH Trading Marathon with a prize pool of 1,180,000 ATH. The event follows the listing of Aethir (ATH) on Bitrue on June 12, 2024. The trading marathon, running from June 13 to July 4, 2024, is part of the Aethir Launch Week campaign, which includes various activities and events to engage and reward the Bitrue community. The campaign features an AMA session with Aethir's co-founder, a trading competition, and a staking campaign for Aethir (ATH) and Bitrue Token (BTR). Aethir ATH is a decentralized project providing on-demand GPU infrastructure for gaming, AI research, and development. Bitrue, launched in 2018, is a digital asset exchange supporting trading, loans, and investments, aiming to bring financial opportunities to everyone using blockchain technology.

Binance Simple Earn has introduced a new update for IoTeX (IOTX) Locked Products, offering users the opportunity to earn up to 11.9% APR rewards. The promotion period for this offer is from June 13, 2024, to July 13, 2024. Users can subscribe to the IOTX Locked Products on a first-come, first-served basis, with minimum subscription amounts and maximum limits applying. The rewards will be distributed daily, and users can start earning by heading to the Earn section and selecting the desired duration for their subscription. It's important to note that Binance reserves the right to adjust the APR at any time after the promotion period. Additionally, users can enable the 'Auto-Subscribe' function to automatically renew their existing Locked Products position into a new one of the same duration upon expiry. Early redemption is also available, but users will not be entitled to any rewards if they choose to redeem their assets in advance. The promotional APR is partly sponsored by Binance's token partner, allowing for a competitive and/or boosted APR for users.

Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the technological landscape. DePIN projects, which combine blockchain with physical infrastructure, are set to transform resource management and information processing in 2024. Here's a look at the top AI & DePIN projects to watch this year: DePIN projects integrate digital blockchain capabilities with physical infrastructures like data storage and power grids. They aim to disrupt sectors traditionally controlled by central authorities. Notable projects include: - **Filecoin (FIL)**: A decentralized storage network where users can rent out space for filecoin tokens. With over 1.7 billion EiB of data stored, Filecoin has introduced smart contracts through the Filecoin Virtual Machine (FVM). - **Helium (HNT)**: A decentralized wireless network for IoT devices, using a Proof of Coverage consensus algorithm. It incentivizes network coverage through HNT tokens. - **Akash Network (AKT)**: An open-source cloud computing platform connecting server owners with users needing cloud resources, operating on the Tendermint blockchain. - **NEAR Protocol**: A community-powered cloud platform with high transaction speeds, simplifying developer experiences with intuitive features. - **Arweave (AR)**: Known as 'the permaweb,' Arweave offers indefinite data storage through its blockweave technology. - **Theta Network (THETA)**: A blockchain-based video streaming network where users earn tokens by sharing bandwidth and compute resources. - **Render Network (RNDR)**: A decentralized GPU network for 3D rendering, connecting node operators with artists and developers. - **Node AI (GPU)**: Provides access to GPU and AI technologies, allowing users to participate in the AI ecosystem. - **Streamr (DATA)**: A decentralized data exchange for real-time data transactions, incentivizing data providers and consumers. - **Bittensor (TAO)**: Combines blockchain with machine learning, incentivizing nodes for AI calculations and governance. DePIN projects enhance security, scalability, and efficiency by connecting physical assets with blockchain technology. This integration forms a robust ecosystem with three layers: physical infrastructure, middleware, and the blockchain itself. The future of DePIN looks bright, with a growing market size and potential applications in various sectors. Investments in DePIN projects like Helium are considered promising for 2024. However, it's crucial to conduct thorough research before investing in any cryptocurrency project.

June 12, IoTeX ecosystem AI Layer2 project Network3 recently announced the launch of iOS applications, which have been launched on multiple platforms such as Windows, macOS, Android and Linux. Users can run Network3 nodes according to their device adaptation and get $N3 rewards. Network3 aims to help global AI developers efficiently, conveniently and economically perform large-scale reasoning, training or verification models. It currently has more than 200,000 nodes worldwide, covering 181 countries or regions. IoTeX is a modular AI+DePIN infrastructure platform. Through the unique ioID of physical devices, the physical world data verification platform W3bstream, the visual AI+DePIN data center DePINscan, etc., it can help AI and DePIN projects access Web3 efficiently and at low cost, so as to achieve the possibility of large-scale application. The IoTeX ecosystem has developed rapidly this year. AI and DePIN projects in multiple scenarios, including AI, distributed computing power, energy systems, smart wearables, etc., have been or will be developed and deployed based on IoTeX's modular support.

McLaren Artura GT4's engine performance data will be recorded on the blockchain, providing real-time analysis during testing at Circuit de Spa-Francorchamps. Race Lab, a British GT Championship team, will use a blockchain-powered data tracker to log 20 parameters, such as ignition timing and steering angle, enhancing performance monitoring. The integration of Minima's DePIN data logger with Influx Technology allows for real-time data collection, which recently helped engineers identify and resolve a wheel turn radius fault. This technology not only ensures data integrity and vehicle history for resale value but also aids in compliance with racing regulations. Furthermore, it has the potential to improve fan engagement through live data streaming for sim racing.