DePin Sector Update: ATOR Rebrands, Verida Raises Funds, Synternet Launches Mainnet
Monday, July 1, 2024 4:26 PM
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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.
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a day ago
WeatherXM: From Grassroots to Demand-Led Network ExpansionWeatherXM is evolving from its grassroots origins, where dedicated supporters established weather stations in their communities, to a demand-led network aimed at enhancing data accessibility. Currently boasting around 10,000 active stations, WeatherXM plans to expand this number to approximately 17,000 over the next two years. This strategic growth focuses on deploying stations in areas where reliable weather data is most needed, thereby improving local resilience and bridging the climate information gap in underserved regions. Each new station not only strengthens the network's quality but also creates value for data buyers, fostering a healthier economy for contributors.
The expansion plan includes targeted rollouts that will deploy up to 400 new stations based on customer needs, significantly increasing the network's utility. As these stations come online, they will enhance the overall service levels for data buyers while rewarding contributors with $WXM tokens. Each eligible station can earn about 2.93 $WXM daily, leading to an estimated total of 1,500 $WXM over the next 24 months. This model emphasizes community value over market speculation, ensuring that rewards are tied to the network's performance and compliance.
WeatherXM's approach to growth is designed to create a sustainable economic engine. By strategically placing stations in high-demand areas, the network can generate revenue that is partially reinvested into buybacks and incentive rewards for station owners. This not only maximizes profitability but also enhances the overall value of the data collected. As WeatherXM transitions from a community-driven initiative to an essential infrastructure, it remains committed to its core values while focusing on professional, demand-driven deployment. The upcoming presale of NFTs for early supporters highlights the project's dedication to building a decentralized, data-driven climate network for the future.

a day ago
Deutsche Telekom Becomes First Telecom Enterprise Validator on Theta NetworkDeutsche Telekom has made history by becoming the first telecom company to act as an enterprise validator on the Theta Network, a significant milestone announced on October 31, 2025. This move positions Deutsche Telekom, one of Germany's largest telecommunications firms, alongside tech giants like Google, Samsung, and Sony in promoting decentralized physical infrastructure networks (DePIN) across sectors such as AI, media, and entertainment. The launch of a validator node on Theta's blockchain is a groundbreaking step, as it marks the first time an integrated telecommunications provider has taken on this role, responsible for validating transactions and maintaining the integrity of the protocol while earning TFUEL tokens as rewards.
Deutsche Telekom's venture into the blockchain space is not new; through Deutsche Telekom MMS, the company has established itself as a top validator on various networks, including Polygon, Polkadot, and Chainlink. In 2023, the corporation was also working on developing Bitcoin nodes and launched a Bitcoin mining pilot program powered by renewable energy. The Theta Network has emerged as a leader in decentralized infrastructure, with over 30,000 distributed edge nodes and partnerships with major cloud providers like Google Cloud and Amazon Web Services, offering substantial GPU computing power at significantly lower costs compared to centralized providers.
The strategic partnership between Deutsche Telekom and Theta signifies a pivotal moment in the evolving landscape of decentralized AI infrastructure. Mitch Liu, co-founder and CEO of Theta Labs, expressed enthusiasm for the collaboration, highlighting Deutsche Telekom's leadership in blockchain adoption. This alliance not only enhances the reliability and infrastructure expertise of Theta's network but also indicates a broader trend towards decentralized physical infrastructure networks. As traditional companies engage more deeply with decentralized technologies, the integration of telecommunications and blockchain may pave the way for a new era where decentralized infrastructure becomes standard practice, further solidifying Theta's position as a leading provider in the decentralized AI and media application space.

a day ago
Bittensor's TAO Token Surges 18% Amid Institutional Advancements and ETP LaunchBittensor's native token TAO has recently surged by 18%, reaching a price of $490, just shy of the critical psychological barrier of $500. This impressive rise positions TAO at the forefront of daily gainers, outpacing other notable cryptocurrencies, including privacy-focused Zcash, which saw a 15% increase within the same timeframe. The surge in TAO's price is attributed to a combination of institutional advancements and the recent announcement of the world's first staked Bittensor Exchange Traded Product (ETP), launched by Deutsche Digital Assets and Safello. This development has generated renewed interest in digital asset investment products, further propelling TAO's growth.
The launch of the ETP, secured by BitGo Europe and based in Liechtenstein, aims to bridge traditional finance with decentralized AI, potentially unlocking significant institutional capital in Europe that has previously been hindered by regulatory challenges. Analysts are optimistic about TAO's price trajectory, suggesting that a sustained close above $500 could lead to a breakout towards $700, with the potential for new all-time highs. Despite the inherent volatility of the cryptocurrency market, the outlook remains bullish, particularly with the upcoming Bittensor halving and major ecosystem upgrades on the horizon.
Bittensor has now established itself as the largest AI token by market capitalization, valued at $4.69 billion. This growth comes amid a broader market uptick in AI-related projects, although the overall artificial intelligence token category has seen a slight dip of 1.2% in total market capitalization. Investor enthusiasm for Bittensor is further fueled by recent gains in AI-focused equities from major players like Nvidia and Microsoft. As whale accumulation and halving sentiment continue to build, Bittensor's trajectory is one to watch closely in the coming months.

a day ago
Investor Shift: XRP to Emerging DeFi ProjectsIn recent developments surrounding Ripple's XRP, a noticeable shift in investor behavior has emerged. Whale wallet movements and market data suggest that institutional wealth is gradually transitioning from XRP to newer assets such as Bittensor (TAO), MemeCore (MEMECORE), and Remittix (RTX), a burgeoning DeFi project. This trend highlights a broader movement within the cryptocurrency market, where investors are increasingly favoring tokens with strong real-world applications and significant growth potential.
Currently, XRP is experiencing heightened volatility, trading at $2.46, down 6.69%, with a market capitalization of $148.03 billion. Despite a 32.39% increase in daily trading volume to $6.53 billion, market sentiment remains cautious. Analysts have observed that XRP whales are diversifying their holdings, driven by concerns over regulatory delays and diminished network activity. In contrast, Bittensor (TAO) has seen a 9.12% decline to $392.48, although its trading volume rose by 13.53% to $468.61 million, indicating ongoing repositioning rather than mass selling. Meanwhile, MemeCore (MEMECORE) has emerged as a surprising gainer, increasing by 10.53% to $2.48, bolstered by a 22.99% rise in trading activity.
Among the altcoins gaining traction, Remittix (RTX) stands out as a promising DeFi project, offering a crypto-to-fiat bridge that facilitates direct payments from blockchain wallets to bank accounts in over 30 countries. The project has successfully raised over $27.7 million in private funding and sold more than 681 million tokens, with a current price of $0.1166. Remittix's credibility has been reinforced by its verification from CertiK, ranking it #1 among pre-launch tokens. The team is also beta testing its wallet for iOS users, preparing for a broader rollout. As the market continues to evolve, projects like Remittix, Bittensor, and MemeCore are becoming increasingly attractive to investors seeking functionality and real-world utility in their crypto portfolios.

2 days ago
Binance Alpha Announces Exclusive Airdrops for Innovative ProjectsBinance Alpha is set to launch a series of exclusive airdrops for three innovative projects: Nubila Network (NB) on October 31, Marina Protocol (BAY) and Audiera (BEAT) on November 1. This initiative is designed to reward eligible users who have accumulated enough Alpha Points, a reward system that incentivizes active participation within the Binance ecosystem. Users can claim their tokens on the Alpha Events page once trading opens, making it essential for participants to engage in trading and other activities to gather sufficient points ahead of the airdrop dates.
Nubila Network aims to create a "physical perception layer" for the autonomous economy and AI by collecting real-world data through sensors that monitor various environmental factors. This data is then validated and anchored on-chain, ensuring transparency and reliability for AI applications and smart contracts. Recently, Nubila raised $8 million in a seed funding round, bringing their total funding to $10.5 million, and they currently operate over 20,000 sensors and 16,000 validator nodes across more than 120 countries, targeting sectors like prediction markets and AI-driven finance.
Marina Protocol is a marketing infrastructure platform that transforms traditional marketing campaigns into Web3 initiatives, allowing users to engage in gamified activities while earning rewards. With 1.3 million users across 200+ countries, Marina's recent funding of $1.68 million will help enhance their smart-contract-based reward system. Meanwhile, Audiera is revolutionizing the rhythm and dance game genre in Web3, boasting over 3.2 million registered wallets and a unique "dance to earn" model. As these projects highlight the diverse applications of blockchain technology, the upcoming airdrops present a valuable opportunity for crypto enthusiasts to engage with innovative solutions in the space.

2 days ago
Crypto.com Seeks Bank Charter Amidst ETP Season and AI Project GrowthCrypto.com has recently applied for a national trust bank charter, allowing it to operate as a regulated bank in the United States. This move is expected to enhance the exchange's credibility and competitiveness in the market. Meanwhile, the Bittensor community is celebrating the approval of TAO's ETP, a significant milestone for the artificial intelligence project. With the AI sector projected to grow 25 times by 2030, institutional investors are keen to tap into this promising market, and those who invested in TAO five years ago have seen their investments soar by 100 times.
The crypto market appears to be entering an "ETP season," with multiple announcements of exchange-traded products (ETPs) occurring simultaneously. Notable launches include the TAO ETP by Safello in partnership with Deutsche Bank, the Toncoin ETP by CoinShares, and Grayscale's Solana ETP. ETPs provide a government-approved way for institutional investors to gain exposure to cryptocurrencies without holding the tokens directly. This trend is likely to continue, with more cryptocurrencies expected to receive ETPs in the coming weeks, including Doge and XRP.
Among the top cryptocurrencies to consider are DeepSnitch AI, Bittensor (TAO), and Crypto.com (CRO). DeepSnitch AI is gaining traction with its presale, which has raised over $475,000 and surged by 37%. The project aims to democratize information for small investors through its AI intelligence dashboard. Bittensor remains a strong contender in the AI space, while Crypto.com is benefiting from its partnership with Trump Media and its bank charter application. As the market evolves, these projects present significant opportunities for investors looking for substantial returns in the near future.
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