Latest DePIN News

Mawari Network, a pioneering entity in spatial computing and decentralized physical infrastructure networks (DePIN), has announced a limited node license sale aimed at enhancing its 3D streaming technology. This initiative is timely, as the market for extended reality devices is expected to exceed 100 million units in the next five years. By facilitating a global decentralized infrastructure, Mawari aims to meet the growing demand for immersive experiences, positioning itself as a key player in the burgeoning multibillion-dollar spatial computing sector. The node sale is designed to scale the network, optimize performance, and ensure resiliency in delivering immersive content. The Mawari Network is built to support the demanding requirements of immersive experiences, featuring a Spatial Streaming SDK compatible with popular game engines like Unity and Unreal. This SDK empowers developers to create seamless, engaging content. The network operates on a globally distributed system of GPU nodes, ensuring low latency and high performance. Luis Oscar Ramirez, the CEO and Founder of Mawari, emphasized that the node sale allows operators to contribute to the global 3D content ecosystem while being rewarded for their participation. This innovative approach addresses the limitations of current cloud services in scaling spatial streaming technology. Scheduled for Q4 2024, the node sale will focus on establishing Guardian Nodes that are essential for monitoring performance indicators such as latency and bandwidth. These nodes will ensure the network can handle multiple immersive experiences simultaneously while maintaining high-quality standards. Mawari's collaborations with industry giants like Deutsche Telekom and Netflix, along with backing from prominent investors, solidify its leadership in decentralized spatial computing. As Mawari continues to redefine the landscape of immersive content delivery, the upcoming node sale represents a significant step toward realizing its vision for a community-driven spatial computing future.

Distributed cloud storage company Storj has announced the promotion of Colby Winegar to the position of CEO, succeeding Ben Golub, who has held the role for over six years. Winegar, who previously served as the Chief Revenue Officer, has been a key figure in the company's recent achievements, including the acquisitions of Valdi and PetaGene. Golub, now the executive board chairman, praised Winegar's contributions and leadership, stating that he has been instrumental in cultivating a strong customer base and developing a robust partner ecosystem. The transition of responsibilities to Winegar began six months ago, indicating a well-planned succession strategy. Under Winegar's leadership, Storj aims to leverage its distributed cloud storage solutions, which reportedly offer up to 90% lower costs and 83% less carbon emissions compared to traditional storage methods. He emphasized the growing need for innovative data management solutions as AI adoption accelerates across various industries. Winegar's vision includes collaborating with technical alliance partners, customers, and resellers to enhance the transformative capabilities of Storj's offerings. The company's S3-compatible architecture utilizes unused capacity from drives and data centers worldwide, providing efficient storage solutions and on-demand GPU access through its global network. To support this leadership transition, Storj has made strategic hires, including a new leader for its direct sales organization and an internal promotion to oversee the channel sales team. These changes are designed to strengthen the company's sales strategy and align with its growth objectives. Additionally, in August, Storj announced a partnership with CUDOS, a decentralized physical infrastructure network, to facilitate easier access to AI compute resources. This collaboration aims to enhance Storj's capabilities in supporting AI workloads, particularly with access to advanced Nvidia chips, further solidifying its position in the cloud storage and AI sectors.

Chloe Phung, co-CEO of U2U Network, recently shared insights into the evolving landscape of decentralized technologies during an AMA with Cointelegraph. She noted that while interest in projects like Filecoin began in 2017, significant momentum has been building over the past two years. U2U Network, backed by prominent investors such as KuCoin Ventures and IDG Blockchain, aims to facilitate the transition of Web2 companies to Web3. The platform is designed to support decentralized physical infrastructure networks (DePIN) and includes flagship projects like U2DPN, a decentralized VPN that addresses modern enterprise challenges, such as security vulnerabilities and high costs associated with traditional VPNs. U2DPN has already garnered over 60,000 users from more than 70 countries within a month of its launch. Phung emphasized that U2U Network's layer-1 platform boasts a superior Direct Acyclic Graph (DAG) architecture, which is particularly effective for high-volume microtransactions. The network has achieved impressive testing results, reaching 72,000 transactions per second (TPS) and targeting 500,000 TPS with full sharding. The Helios consensus protocol adds layers of protection to ensure security and decentralization while maintaining high scalability, making it suitable for applications in AI, DePIN, and IoT. U2U Network's innovative subnet technology allows for a sharing economy model, enabling node users to contribute resources like bandwidth and computing power. The recent public node sale saw all 1,000 slots sold within five hours, highlighting strong interest in the project. Phung acknowledged the competition from established Web2 giants but emphasized the importance of building awareness and demand for decentralized resources. She also addressed the challenges faced by women in the tech industry, expressing optimism for increased female leadership in Web3 startups. Overall, U2U Network is positioned to democratize access to powerful resources, benefiting both contributors and consumers alike.

The cryptocurrency markets have shown signs of recovery over the past month, with Bitcoin experiencing a significant rise of over 8,500 points, moving from $63,327 to $73,315. However, the DePIN sector has not mirrored this positive trend, as it has seen a decline of 8.7% during the same period, according to data from Artemis Terminal. This positions DePIN as one of the weakest performers among various sectors, despite its critical role in connecting Web3 with the real world. Analysts from BeInCrypto have identified five DePIN tokens that may have the potential to outperform the market in November, providing insights into their short-term support and resistance levels. Among the tokens analyzed, Bittensor ($TAO) has experienced a 15.21% drop, currently trading at $497.86. Analysts suggest that this decline presents a buying opportunity, considering its all-time high was near $800. The price is currently below the 20-day exponential moving average but above the 50-day average, with a target price of approximately $681.85 for November. Similarly, Filecoin ($FIL) is priced at $3.66, down 6.45%, with potential resistance at $3.85 and a target price of $4.29. JasmyCoin ($JASMY) and Livepeer ($LPT) have also faced declines of 17.04% and 24.07%, respectively, indicating the volatility within the sector. Lastly, Grass ($GRASS), which is still in its price discovery phase, is currently priced at $1.05. Analysts anticipate a potential rise to $2 as the altcoin market evolves. However, investors are cautioned to conduct their own research (DYOR) before engaging in trading, especially given the risks associated with the cryptocurrency market. This article serves as a reference and should not be construed as investment advice, emphasizing the need for caution in investment decisions.

Titan Network, a pioneering digital resource network, has successfully completed its seed round fundraising, led by Arrington Capital, with participation from DePINX and other notable investors. The primary goal of Titan Network is to create a comprehensive digital resource network that efficiently matches idle community resources with global demand, particularly in the DePIN (Decentralized Physical Infrastructure Networks) market. By developing a universal DePIN cloud service platform, Titan Network allows community members to contribute their idle hardware resources—such as computing power, storage, and bandwidth—while ensuring they are rewarded through built-in economic incentive mechanisms. This innovative approach aims to provide advanced, reliable, and high-quality cloud solutions for end users, positioning Titan Network as a decentralized alternative to traditional cloud services like AWS. The seed round, which will accelerate preparations for Titan Network's mainnet launch, has garnered significant attention due to the credibility of its lead investor, Arrington Capital. Founded in 2017, Arrington Capital has invested in over 200 startups within the crypto ecosystem, managing assets exceeding $1 billion. Another participant, DePINX, based in Singapore, manages $100 million in assets and boasts a team with experience from leading firms in the blockchain space. The funds raised will support key initiatives such as mainnet development, code auditing, community building, and marketing efforts, ensuring a robust launch for Titan Network. Since March 2024, Titan Network has successfully executed three rounds of testnets, deploying over 1 million nodes across more than 100 countries, validating its technical capabilities. Looking ahead, Titan Network plans to enhance the security of its multi-level containers and optimize products like Titan Storage and Titan Container for better user experience. To promote transparency, multiple smart contracts will be released, allowing for public visibility of resource interactions on the blockchain. Titan Network is also expanding its global team and invites interested candidates to apply, as it continues to advance the future of decentralized networks.

PowerPod, a distributed charging network platform, has partnered with Arkreen, a DePIN-enabled green energy infrastructure network, to launch a groundbreaking $100 million Real World Asset (RWA) initiative. This project aims to accelerate the growth of the renewable energy sector by leveraging a vast network of photovoltaic power stations, charging stations, and battery swapping cabinets throughout Southeast Asia. The initiative will utilize associated carbon credits to issue DePIN-based RWA assets, enhancing the transparency, accessibility, and credibility of renewable energy investments through blockchain technology. The collaboration between PowerPod and Arkreen reflects a shared commitment to sustainable development via innovative financial solutions. By promoting the adoption of green energy infrastructure, this initiative not only supports the transition to a low-carbon economy but also opens new investment avenues for stakeholders. The project aims to convert distributed renewable energy assets into traceable and verifiable investment products, making sustainable finance more inclusive and impactful for a broader audience. PowerPod's focus on integrating DePIN technology into next-generation energy networks seeks to create a distributed and resilient charging ecosystem. Meanwhile, Arkreen connects and monetizes renewable energy resources, supporting global carbon neutrality efforts. This initiative marks a significant advancement in sustainable finance, transforming renewable energy assets into transparent and accessible investments, and paving the way for a carbon-neutral future.

The DePin Grass project has officially commenced trading on multiple exchanges following a successful airdrop. Despite facing some selling pressure from the airdrop, the price of the GRASS token briefly exceeded $1, driven by a significant increase in trading volume. Initially, GRASS was trading at around $0.73 in the pre-market, but after its listing, it surged from a low of $0.65 to a high of $1.10. This remarkable price movement suggests that the market has assigned a fully diluted valuation (FDV) of over $1 billion to GRASS, highlighting strong investor interest in this newly launched token. However, the price later retraced to $0.87, still higher than its pre-market level, indicating sustained optimism among investors. Data from CoinGecko shows that GRASS has surpassed the daily trading volumes of established tokens like Bittensor (TAO) and Filecoin (FIL), with nearly $225 million traded, making it the leading token in the DePin trading volume category. A discussion has emerged regarding GRASS's initial circulating supply, which is stated to be 25% of the total 1 billion tokens. An investor's analysis suggests that the actual circulating supply may be as low as 5-6%. This discrepancy raises concerns about the potential risks associated with investing in GRASS, especially given its high FDV combined with a limited circulating supply. The linear unlock process for GRASS will continue until 2028, with daily unlocks potentially exerting long-term selling pressure on the token's price. As a DePin project developed by Wynd Network, GRASS rewards active users for sharing their internet resources through a browser extension.

Grass is an innovative decentralized physical infrastructure network (DePIN) project built on the Solana blockchain. It allows users to share their idle internet bandwidth, enabling them to earn passive income while contributing to AI training companies. Participants receive Grass Points, which will later be used as criteria for airdrop distributions. The project aims to transform unstructured web data into structured datasets through its two main components: Grass nodes and Sovereign Data Rollup, which work together to facilitate data sourcing and transformation. The Grass project has successfully raised $4.5 million through two funding rounds, with notable investors including Polychain Capital and Tribe Capital. The development team remains largely anonymous, with Andrej Radonjic, co-founder of Wynd Network, being the only member to disclose his identity. Grass is also partnering with Solana Phone – Saga to integrate its application into mobile devices, as well as Alignment Lab AI, which focuses on developing large language models. This collaboration is expected to enhance the project's capabilities and reach. To participate in the upcoming airdrop, users must register as bandwidth providers and follow a series of installation steps. The project has implemented a referral system that incentivizes users to invite others, allowing them to earn additional points based on their referrals' activities. However, participants are advised to exercise caution, as there are inherent risks associated with sharing bandwidth and installing the necessary software. Overall, Grass presents an accessible opportunity for users to engage in the blockchain ecosystem while contributing to the advancement of AI technologies.

As the Decentralized Physical Infrastructure Network (DePIN) sector continues to gain momentum, November 2024 is shaping up to be a pivotal month for investors looking to capitalize on emerging altcoins. These altcoins are increasingly disrupting the crypto market by integrating blockchain technology with real-world applications. Among the top contenders, Bittensor (TAO) stands out with its open-source protocol that supports a decentralized machine-learning network. Despite a recent decline of 15%, trading at $510.86, analysts suggest that this may present a buying opportunity, with potential upward movement toward $681.85 if it maintains above the 50-day Exponential Moving Average (EMA). Filecoin (FIL) is another significant player in the DePIN space, currently trading between $3 and $4. The token has shown signs of recovery, increasing nearly 10% since late October. If bullish momentum continues, FIL could break the $3.85 resistance and rally towards $4.29. Conversely, if the upward trend falters, it may drop to $3.41. JasmyCoin (JASMY), focused on the Internet of Things (IoT), is also worth monitoring as it approaches a breakout from a falling wedge pattern, with a target of $0.034 if successful. Lastly, Livepeer (LPT) and Grass (GRASS) are notable mentions. LPT, despite a 25% decline, has shown resilience at the $10.68 support level, with potential to rise towards $13.27. Meanwhile, GRASS, which recently launched, is still in price discovery mode and could see significant movement if it retests $1. Investors should remain vigilant as these altcoins may experience volatility but also present opportunities for growth in the coming month.

In the latest developments within the cryptocurrency market, Bittensor's token, TAO, has seen a remarkable surge of 7.1% over the past 24 hours, with its trading volume skyrocketing by 104%. This surge coincides with a broader upswing in the crypto market, where Bitcoin has reached an impressive price of $71,500. As a result, many altcoins are benefiting from this bullish trend, but TAO has emerged as a standout performer, trading at $544 at the time of reporting. Other AI-themed coins, such as Injective (INJ) and Near Protocol (NEAR), have also experienced gains, but none have matched TAO's performance. The upward momentum for TAO is further supported by market analysis indicating a growing bullish sentiment among investors. The Long/Short Ratio for Bittensor suggests that long position holders are currently dominating the market, with 50.96% of positions being long. This indicates that most investors are optimistic about the future price movements of TAO. Additionally, the positive funding rate observed over the past week reinforces this bullish outlook, as it shows that long position holders are willing to incur premium fees to maintain their positions during market downturns. As TAO continues to gain traction, technical indicators such as the Relative Strength Index (RSI) have shown an increase from 45 to 50, suggesting rising buying pressure. If the current positive sentiment persists, TAO is well-positioned to reclaim the $584 resistance level. However, if this price increase is driven by speculation alone, there is a risk of a potential decline to $463. Overall, the current market dynamics indicate a favorable outlook for TAO, with the potential for further gains in the near future.