GEODNET

In recent years, tech giants have amassed significant control over the internet, posing threats to data privacy and digital security. The CrowdStrike incident highlighted the vulnerabilities of centralized systems, emphasizing the need for a solution. Enter Decentralized Physical Infrastructure Networks (DePIN), offering a groundbreaking approach to integrating the physical world with blockchain technology. By connecting devices like sensors, IoT gadgets, and computers to decentralized networks, DePIN enables users to earn digital assets by sharing data and resources, breaking free from centralized middlemen who exploit user data for profit. Real-World Applications DePIN-based projects are reshaping various aspects of daily life. For instance, GEODNET leverages blockchain to enhance geolocation accuracy, benefiting industries like agriculture and construction. Community-driven internet access, exemplified by WiFi Map's global hotspots, challenges traditional telecom monopolies. DIMO enables users to monetize vehicle data, fostering innovation in insurance and fleet management. Witness Chain unifies DePIN projects, fostering collaboration and establishing a decentralized infrastructure supply chain. XNET aims to provide network connectivity to the offline population using blockchain technology and CBRS bandwidth, while storage networks like Fi...

Crypto venture capitalists have been successful in raising over $2.2 billion in new capital through closed funds in 2024, as reported by PitchBook data. In recent weeks, several VCs have collectively raised more than $500 million, with notable examples including ParaFi Capital, Borderless Capital, Hack VC, and Robot Ventures. The trend indicates a positive outlook on early-stage startups, showcasing optimism for new innovations. One standout fund is Borderless Capital's $100 million DePIN Fund III, focusing on Decentralized Physical Infrastructure Networks (DePINs) that utilize blockchain technology and token incentives to create connectivity networks. The growth in the DePIN sector, as seen through increased funding rounds and project ambitions, suggests a maturing industry with strong fundamentals and diverse applications. **Unique Resilience of DePIN Projects** Alvaro Gracia, a partner at Borderless Capital, highlighted the resilience of DePIN projects in bear markets, noting that their value is derived from sources outside the crypto sector. Projects like Helium and GEODNET exemplify this resilience, with revenue streams that are independent of crypto market fluctuations. Gracia emphasized the tokenomics design of DePIN projects, which enables revenue transfer to token value through mechanisms like buy-backs. This unique feature, coupled with the sector's ability to maintain fundamentals during market downturns, positions DePIN projects as promising investments.

Borderless Capital, a leading Web3 investment manager, has announced the launch of its third DePIN-focused fund, a $100 million fund dedicated to accelerating the growth and development of Decentralized Physical Infrastructure Networks (DePIN). The fund is backed by prominent investors like peaq, Solana Foundation, Jump Crypto, IoTeX, GSR, and others. DePIN is revolutionizing the construction and maintenance of physical infrastructure by leveraging blockchain technology and token incentives. This decentralized approach allows for the creation of various applications, such as connectivity networks and GPU clusters, more efficiently and cost-effectively than traditional Web 2.0 models. Notably, the Helium Network and GEODNET showcase the rapid growth potential of DePIN in deploying IoT antennas and RTK networks on a large scale. Borderless Capital's Partner, Álvaro Gracia, expressed confidence in DePIN's transformative potential within the Web3 space, emphasizing its role in setting global standards for deploying physical infrastructure and generating passive income while enhancing user accessibility and reducing costs.

Wingbits Partners with GEODNET Foundation to Develop Professional-Grade Flight Tracking Nodes for Secure ADS-B Infrastructure. The partnership aims to qualify new nodes for reliable ADS-B and RemoteID tracking data, offering secure location capabilities and triple-band GNSS signals. Wingbits plans to launch the nodes on October 1st, 2024, with a goal of expanding the network to over 10,000 stations by 2025.

The DePIN Association has officially formed, uniting ten organizations to advance decentralized physical infrastructure networks. Founding members include Acurast, peaq, DePINHub, PowerLedger, U2U Network, POKT Network, SafeJunction, IoTeX, and Geodnet, each contributing to a connected, decentralized world vision. The association aims to foster innovation, set industry standards, and promote decentralized infrastructure networks using blockchain for transparency, security, and efficiency. Initiatives include standardization, R&D support, education, and events.

Discover the top DePIN crypto mining projects for June 2024, designed to maximize passive income and crypto investments. DePIN, or Decentralized Physical Infrastructure Networks, integrates blockchain with physical systems, set to thrive in the upcoming bull market. Dive into the top 10 projects and their respective discount codes to accelerate your DePIN journey. **GEODNET**: A web3.0 blockchain-based RTK Network that enhances GPS accuracy for AI-based autonomous systems. With an estimated monthly earning of $430 and a break-even ROI in 45 days, GEODNET is accessible with just an elevated outdoor spot. **NATIX**: Mobilize your car to contribute to a decentralized dynamic map of the world, incentivizing users to map their surroundings for smart-city applications. **DIMO**: Aims to create a human-centric connected mobility ecosystem, where developers innovate freely, and privacy coexists with progress. **Soarchain**: A Layer 1 Network fostering a decentralized ecosystem for the mobility industry, offering instant ROI post airdrops. **WeatherXM**: A community-driven weather network rewarding weather station owners and providing accurate services to various entities. **Fry Foundation**: Built on the Algorand ecosystem, FrysCrypto aims to accelerate mainstream crypto adoption while reducing e-waste. **UpRock**: Contribute to AI discoveries by simply using your phone, earning rewards in the process. **Grass**: Monetize your unused internet bandwidth without compromising privacy, contributing to the growth of AI. **Silencio**: A network rewarding users for hyper-local noise pollution data, aiming to become the world's largest citizen science project. **Hivemapper**: Create the world's freshest decentralized map with transparent incentives, using just your phone and car. Explore each project's mission, requirements, and potential earnings to find the best fit for your DePIN crypto mining endeavors. Remember, this list is a guide to help you maximize your investments and passive income ambitions. For further insights, refer to the DePIN sector map from Messari. Please note that this is not financial advice; always conduct your own research.