IoTeX Pioneers DePIN: From Layer 1 to Modular Infrastructure

In the ongoing battle against climate change, the importance of transparency and accountability in climate action initiatives cannot be overstated. These initiatives, which range from carbon credits to tree-planting campaigns, necessitate robust systems for monitoring and verifying progress. Web3 technology emerges as a transformative solution, utilizing its decentralized and immutable characteristics to provide a secure and transparent framework for tracking eco-friendly projects. By employing blockchain, smart contracts, and decentralized networks, Web3 enhances trust and efficiency in global climate action efforts. The carbon credit market has long been plagued by issues such as fraud and double-counting, undermining its effectiveness. Web3 offers a remedy by creating a decentralized, tamper-proof ledger for issuing, tracking, and verifying carbon credits. Tokenization ensures each credit is unique and cannot be manipulated, while smart contracts automate the verification process, issuing credits only after independent validation. This system reduces reliance on intermediaries, cutting costs and fostering trust. Decentralized carbon marketplaces exemplify this potential, allowing peer-to-peer trading of carbon credits with complete transaction transparency, thereby ensuring that credits are linked to genuine environmental projects. Moreover, Web3 technology can significantly improve the tracking and verification of tree-planting initiatives, which are crucial for carbon capture and biodiversity support. Traditional methods often suffer from inefficiencies and potential corruption. By utilizing blockchain, every stage of a tree's life cycle can be monitored, and smart contracts can ensure that funds are released only after independent validation of planting efforts. This decentralized approach not only enhances transparency but also empowers individuals and communities to actively participate in climate action. By tokenizing rewards and utilizing decentralized finance, eco-friendly projects can attract global support, paving the way for a more sustainable future that prioritizes accountability and collaboration.

The Roam Spooky Halloween 2024 Event is set to bring excitement to users from October 28 to November 11, 2024. During this period, participants can enjoy a chance to win surprise gifts valued at over 10,000 USDT. To join in on the festivities, users need to download the Roam app and utilize their Roam Points to redeem mystery gifts. These gifts can range from exclusive items to high-value rewards, making it an enticing opportunity for both new and long-time Roam users. Among the rewards available during the event are the Roam Rainier MAX60 WiFi Router Miners, designed to enhance the Roam experience while providing high-yield mining capabilities. Additionally, participants can win the Roam Baker MAX30 WiFi Access Points, which offer reliable internet connections and daily rewards. Other exciting prizes include free eSIM data, various amounts of Roam Points that can later be converted into $ROAM tokens, exclusive Halloween stickers, and Harmony ONE tokens, making this event a treasure trove for crypto enthusiasts. To participate, users must download the Roam app and redeem a surprise gift for just 100 Roam Points. Points can be accumulated by adding new WiFi connections, checking in, and referring friends. The event promises a thrilling Halloween celebration filled with surprises and fantastic prizes. With the event running for a limited time, participants are encouraged to gather their points and take advantage of this unique opportunity to enhance their Roam experience and crypto portfolio. Happy haunting and good luck to all Roamers!

The IoTeX coin, currently priced at $0.03817847, is gaining attention as a potential multibagger in the cryptocurrency market. With the crypto landscape showing signs of bullish evolution in 2024, IoTeX (IOTX) is projected to reach a price high of $0.0760 if the positive sentiment continues. However, if the market fails to adopt the technology widely, the price could drop to a low of $0.030. The platform, which focuses on machine economics, supports a range of devices from smart gadgets to autonomous vehicles, making it a significant player in the Internet of Things (IoT) sector. Looking ahead to 2025, the price of IOTX could climb to $0.099, contingent on successful network integrations and user adoption. Conversely, if the platform struggles to attract users, the price may fall to $0.042. The forecast for the following years suggests a steady increase, with potential highs reaching $0.356 by 2030. This optimistic outlook is based on the assumption that IoTeX will continue to innovate and enhance its interoperability, which is crucial for its long-term success in the competitive crypto market. Historically, IoTeX has had a volatile journey since its mainnet launch in 2019, experiencing significant price fluctuations. After an initial surge, the price fell drastically before gradually recovering. The project has shown resilience, and with the growing importance of IoT technologies, investing in IOTX appears to be a promising opportunity for long-term gains. As the market evolves, the performance of IoTeX will be closely monitored by investors looking to capitalize on its potential growth.

Decentralized Physical Infrastructure Network (DePIN) is emerging as a significant narrative in the blockchain space, often described as the "Internet of Things (IoT) with a blockchain twist." These projects aim to connect and manage physical devices, such as energy grids and wireless networks, which generate vast amounts of data. However, the current blockchain infrastructure struggles to keep pace with the demands of DePIN applications. For instance, Helium, a notable DePIN project, transitioned from its own blockchain to Solana in April 2023, yet even Solana's high throughput capabilities are insufficient for real-time computations required by many DePIN projects. The reliance on offchain computation is a common theme among DePIN projects. As Shuyao Kong, co-founder of MegaETH, points out, existing DePIN applications are not fully onchain due to inefficiencies and costs. While some projects may use blockchain as a marketing strategy, the reality is that they often utilize a hybrid approach, processing computations offchain and recording results onchain. This is particularly critical for executor devices, which require immediate responses, unlike sensors that can tolerate some latency. The use of blockchain in DePIN primarily serves to coordinate activities among numerous devices in a trustless manner, adding a financial incentive layer through token rewards for contributors. Looking ahead, the future of DePIN projects will likely involve a balance between onchain and offchain processes. Current blockchain architectures are not equipped to handle the real-time demands of DePIN applications fully. However, as scalability improves, we may see an increase in onchain functionalities. Experts suggest that future DePIN projects will evolve towards modular architectures tailored for specific computational needs, such as real-time processing or large-scale data storage. This evolution is essential for the successful integration of blockchain technology into the DePIN ecosystem, ensuring that it meets the diverse requirements of various applications.

Today marks a significant milestone in the blockchain space as CUDOS and the Artificial Superintelligence (ASI) Alliance have successfully completed their token and blockchain merger. The CUDOS mainnet has officially halted at block height 12,385,627, meaning it will no longer produce blocks. In this process, all data from the final state of CUDOS was exported, and the Fetch.ai (ASI) chain underwent a software upgrade to incorporate all CUDOS data, facilitating the migration of balances. Notably, all CUDOS token holders and delegators have successfully transitioned, along with 30 validators, bringing the total validator count on Fetch.ai’s mainnet to 91. With the merger finalized, CUDOS holders can now view their new $FET tokens on the Fetch.ai (ASI) mainnet through platforms like Mintscan. To verify the correct amount in their vesting schedule, users can check an active CUDOS explorer, where their $FET balance should reflect the amount divided by 118.344. For further assistance or inquiries, stakeholders are encouraged to reach out through the official channels of CUDOS or ASI, including their respective Discord servers, especially for questions related to the merger and balance conversions. The collaboration between CUDOS and the ASI Alliance has been ongoing, and this merger paves the way for numerous exciting updates that are set to be announced soon. Both teams are committed to keeping the community informed, so stakeholders should stay tuned for upcoming developments as they continue to enhance their offerings in the blockchain ecosystem.

On October 28, the Phantom wallet provider experienced significant downtime lasting nearly three hours, coinciding with a surge in demand for the GRASS token airdrop. Users reported issues such as missing balances and transaction failures on social media platforms. The downtime began at 1:36 PM UTC and was resolved by 4:20 PM UTC, marking the second service interruption for Phantom within the month. Earlier in October, a brief 8-minute outage was recorded on the 3rd. In response to the incident, Phantom's team assured users that they would actively monitor the situation and implement measures to prevent future occurrences. The GRASS tokens are part of a decentralized physical infrastructure network known as Grass, which operates on the Solana blockchain. This network incentivizes users by rewarding them for lending unused internet bandwidth, which is then utilized to enhance artificial intelligence models. The first airdrop of GRASS tokens will distribute 100 million tokens, accounting for 10% of the total supply. Following the airdrop's launch, the price of GRASS experienced volatility, initially dropping by 28% to $0.65 before recovering slightly to $0.71 at the time of reporting. Despite the issues faced by Phantom, the Solana network itself remained fully operational throughout the downtime. Data from Solana Status indicated that the network maintained total uptime over the past 90 days. The timing of Phantom's service disruption, just minutes after the GRASS token claim went live, has led to speculation about a correlation between the two events, as users rushed to claim their rewards. This incident highlights the challenges faced by wallet providers during high-demand events in the cryptocurrency space.