Latest DePIN News

Binance has listed the IO token from the Decentralized Physical Infrastructure Network (DePin) project, trading since June 11th. The IO token, valued at around $3.78, has a fully diluted valuation of approximately $3 billion, making it a significant player in the ecosystem. It serves as the main currency for services, transactions, and fees within the io.net network, also rewarding contributors for their GPU power. Crypto analysts have compared IO tokens with similar projects like Render (RNDR), estimating a potential FDV for io.net between $2.5 to $4 billion. With io.net boasting 21,784 GPUs, surpassing competitors, the IO token shows promise for growth post-listing. The project's decentralized computing network addresses the high costs of GPUs needed for AI model training by offering substantial computing power at reduced costs, positioning io.net as a potential leader in the 'Internet of GPUs'.

Verida Network offers a decentralized infrastructure to manage data across various sectors, ensuring privacy, security, and user consent. It aims to tap into massive market opportunities in consumer insurance, media, advertising, and healthcare, valued at trillions of dollars. However, transitioning from Web2 to Web3 technologies presents challenges due to inefficiencies in developing feature-rich applications. Verida Network provides private encrypted databases, real-time synchronization, permission data access, and client-side encryption to address these challenges and enable a superior technological stack for the Web3 sector. The Verida Wallet is a strategic product that functions as both a data wallet and a crypto wallet, offering innovative features and a user-friendly interface for seamless interaction with the Verida protocol and other blockchains.

PlayFi, a gaming-centric blockchain platform, has partnered with four industry leaders to enhance the gaming ecosystem with AI and blockchain technology. The collaborations with Aethir, MultiversX, Squid, and Matter Labs aim to optimize GPU resources, secure data storage, facilitate token swaps, and leverage Layer-2 solutions for a seamless gaming experience. These partnerships are expected to benefit both developers and players by creating a more interconnected and immersive gaming environment.

Evire, a new blockchain project, is creating a digital ecosystem where AI, gaming, Real-World Assets (RWA), and Decentralized Physical Infrastructure Networks (DePIN) converge seamlessly. The platform provides specialized frameworks for developers to create secure and efficient dApps tailored to these domains. With native support for off-chain computation, decentralized storage, and smart contract libraries, Evire ensures high scalability and low costs for large-scale applications. The project's open-source approach allows developers to contribute to its ongoing development. Evire's roadmap includes the launch of the mainnet and continuous growth, developer support, and innovation. The alpha testnet provides a live environment for developers to test the platform's frameworks and their own dApps.

Ariel Seidman, CEO of Hivemapper, a decentralized mapping community, shared insights on the company's approach to creating the most up-to-date maps in the world. Hivemapper's technology surpasses Google Maps by utilizing dash cams to capture real-time data, which is then processed through AI to provide users with the freshest map possible. The company has already mapped over 20% of the world, with contributors rewarded in Honey tokens for their efforts.

Yat Siu, co-founder and chairman of Animoca Brands, believes that gaming will be the primary catalyst for mass adoption of blockchain technology. He predicts that mass adoption could occur within the next 12 to 18 months due to the increasing availability of tools for distributing Web3 applications. Siu also discussed the metaverse, stating that it is not dead and that it begins with owning digital property, not just virtual worlds. He envisions a thriving open metaverse that is already valued at $2.5 to $2.6 trillion.

Ahmed Shadid, co-founder and CEO of IONET, a decentralized AI computing and cloud platform, has resigned amid allegations of fraudulent activities. Shadid's decision aims to allow the company to grow without distractions. COO and co-founder Tory Green will assume the CEO role. Shadid expressed gratitude to the team and community, donating 1M IO tokens to the ecosystem. IONET's unique tokenomics and recent selection by Binance as its 55th Launchpool project signal a promising future for the platform.

The climate crisis is a pressing issue that demands innovative solutions. Traditional climate models have limitations, including inaccurate predictions and a lack of real-time data. However, emerging technologies like web3 and decentralized networks offer new possibilities for environmental monitoring. Web3's decentralized approach empowers individuals and communities to take ownership of environmental data, creating a transparent and tamper-proof record. This contrasts with centralized models where data collection is often removed from impacted communities. Decentralized Physical Infrastructure Networks (DePIN) incentivize participants to deploy climate sensors, contributing valuable data and aligning individual and collective interests. While challenges remain, web3 has the potential to revolutionize climate monitoring and response.

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.