Decentralized Edge AI Platform Network3 to Launch $N3 Token Trading

IoTeX is set to host an exciting event titled "R3al World" on June 24th, from 21:00 to 23:00 UTC, as part of the Permissionless conference in New York. This networking session will focus on Decentralized Physical Infrastructure Networks (DePIN) and Artificial Intelligence (AI), bringing together builders and innovators who are working on Physical AI, real-world assets, and decentralized infrastructure. Attendees can expect a vibrant atmosphere where they can engage with industry leaders and discuss the latest advancements in these fields while enjoying refreshments during the official DePIN x AI happy hour. The IoTeX platform, known for its open-source blockchain tailored for the Internet of Things (IoT), aims to tackle the prevalent challenges in existing IoT ecosystems, such as security vulnerabilities, high maintenance costs, and scalability issues. By developing a unique blockchain architecture that supports a multitude of IoT devices, IoTeX is paving the way for a more secure and efficient IoT landscape. The core concept revolves around a "blockchain within a blockchain" structure, where the main network manages security and operations, while sub-blockchains handle specific IoT devices and transactions. At the heart of the IoTeX ecosystem is its native token, IOTX, which facilitates various operations, including transaction fee payments and governance participation. This innovative approach not only enhances the scalability and privacy of IoT applications but also fosters the development of decentralized applications and ecosystems. As the event approaches, the excitement within the community is palpable, with many looking forward to the insights and collaborations that will emerge from the R3al World session at Permissionless.

DIMO, a prominent connected vehicle platform, has announced a groundbreaking strategic partnership with Grupo Kaufmann, one of Latin America's largest automotive dealership networks. This collaboration aims to revolutionize the connected car experience for dealerships across the region. With Grupo Kaufmann's extensive operations in six countries and a commitment to innovation, the partnership seeks to address the limited adoption of connected vehicles, which saw only 1.7 million projected sales in 2024. By leveraging DIMO's standardized connectivity infrastructure, Kaufmann plans to develop interoperable applications and services that will make innovative solutions more accessible and affordable for the Latin American market. The initial phase of this partnership will see Kaufmann deploying DIMO LTE devices for data collection and product development. This integration will enable the dealership to offer customers a suite of connected services, including real-time diagnostics, personalized maintenance alerts, and rewards-based loyalty programs. These enhancements are designed to elevate the standard of service and expertise provided to customers. Central to this initiative is DIMO's privacy-first data model, which allows for streamlined vehicle data connectivity with user consent, ensuring that drivers maintain control over their data while benefiting from data-driven services. As the automotive industry shifts towards connected, digital-first experiences, Grupo Kaufmann is positioning itself as a leader in Latin America. The partnership with DIMO is part of a broader strategy to innovate and promote sustainability within the automotive sector. Carlos De Martini, Corporate Digital Business Manager at Grupo Kaufmann, emphasized that transforming data into meaningful customer experiences is crucial for the future of the industry. This collaboration not only accelerates Kaufmann's digitalization strategy but also aims to establish the dealership as a hub for lifelong mobility services in the region.

Last week, the blockchain fundraising landscape witnessed a significant surge, with 26 projects collectively raising a remarkable $267 million. The standout was World Foundation, which successfully completed a $135 million public token sale aimed at creating a proof-of-personhood protocol that facilitates universal digital identification and global financial access. Following closely was Catena Labs, which secured $18 million in seed funding to develop an AI-native financial institution. Other notable projects included Roxom, True Markets, and Hyperdrive, each attracting substantial investments to enhance their innovative offerings in the blockchain space. In addition to fundraising, the week also saw notable mergers and acquisitions (M&A) that are reshaping the blockchain ecosystem. DePIN Pulse made headlines by acquiring DePIN.Ninja and Who Loves Burrito, consolidating fragmented data within the DePIN ecosystem. This strategic move aims to streamline operations and enhance data analytics capabilities. Meanwhile, Alchemy expanded its portfolio by acquiring NFT launchpad HeyMint, which provides no-code tools for NFT creation, thereby bolstering its Smart Wallets initiative. Apex Group also announced plans to acquire Tokeny, further solidifying its commitment to digital asset infrastructure. On the venture capital front, Theta Capital Management launched Theta Blockchain Ventures IV, a $175 million fund-of-funds dedicated to supporting crypto-native VCs focused on early-stage blockchain startups. This fund aims to leverage the expertise of specialist managers to navigate the evolving landscape of digital assets. Insights from industry experts highlighted a shift in crypto VC dynamics, with a focus on long-term fundamentals rather than speculative investments. As the sector continues to mature, these developments signal a promising trajectory for blockchain innovation and investment.

In April, CUDOS Intercloud celebrated significant milestones and shared impressive metrics in its monthly update. The platform reported a record revenue of $204,505, alongside a remarkable 27% increase in GPU consumption, totaling over 300,000 hours. This growth reflects the rising demand for decentralized computing solutions, with more than 2 million GPU compute hours surpassed. CUDOS emphasized its commitment to transparency by providing real-time metrics on GPU capacity, VM deployment, user growth, and ecosystem spending, showcasing a clear distinction in cloud service delivery. A notable highlight was the six-month anniversary of CUDOS's partnership with the Artificial Superintelligence Alliance (ASI). During this period, CUDOS has served over 15 million GPU hours and welcomed more than 30,000 users. The collaboration aims to build a decentralized compute layer that supports AI development without centralized bottlenecks. Additionally, CUDOS introduced "One Click Computing," allowing users to deploy AI stacks effortlessly, eliminating the complexities traditionally associated with AI deployment. CUDOS also participated in the Ai2Peace initiative, focusing on using AI for global good. The platform's community rewards program concluded at the end of April, encouraging user engagement through referrals and feedback. Furthermore, CUDOS was represented at Paris Blockchain Week, where discussions highlighted the importance of permissionless compute access and the potential for blockchain to enhance AI's energy efficiency. As CUDOS continues to innovate and expand its offerings, it aims to foster a more sustainable and accessible computing environment for all users.

The Interplanetary File System (IPFS) has made significant strides in reducing latency for data transmissions in space, as demonstrated by a successful collaboration between the Filecoin Foundation and Lockheed Martin Space. During the Consensus 2025 conference in Toronto, Marta Belcher, president of the Filecoin Foundation, revealed that they have successfully transmitted data using a version of IPFS on a satellite orbiting Earth. This adaptation enhances privacy and security by identifying data based on its content rather than its location, which is particularly beneficial for space communications. The architecture of IPFS is designed to mitigate delays, address data corruption from radiation, and enable cryptographic verification to ensure data integrity. Belcher highlighted the challenges of data transmission from celestial bodies, noting the multi-second delay from the Moon and multi-minute delay from Mars. The IPFS system allows users to retrieve data based on a content ID from the nearest source, whether it be a personal device, a nearby satellite, or a lunar station. This decentralized approach reduces reliance on centralized data centers and improves the reliability of data storage in environments where hardware may degrade, which is crucial for maintaining the integrity of sensitive materials like satellite images. The growing interest in decentralized archival storage among media companies and potential military applications of this technology indicate a promising future for IPFS. Belcher emphasized the power of having a deep archive accessible globally, which could revolutionize how media and military organizations manage their data. Additionally, the FIL token, a utility token within the Filecoin ecosystem, boasts a market capitalization of approximately $1.8 billion, reflecting the increasing relevance of decentralized storage solutions in today's digital landscape.

Acurast, a pioneering decentralized compute network based in Zug, Switzerland, has recently announced the integration of Solana Wallet support into its Android and iOS applications. This significant update aims to simplify the onboarding process for new contributors, allowing them to utilize wallets like Phantom to connect their smartphones and provide compute power while earning rewards. With this enhancement, Acurast is not only expanding its accessibility but also reaching a broader audience within the web3 ecosystem. Co-Founder Alessandro De Carli emphasized the importance of inclusivity and ease of access in decentralized computing, stating that the future must be fast and user-friendly. The core mission of Acurast is to redefine cloud computing by transforming everyday smartphones into secure, decentralized compute nodes. Leveraging Trusted Execution Environments (TEEs) found in modern mobile devices, Acurast offers a scalable and confidential compute infrastructure that operates independently of centralized data centers. With over 65,000 active phones contributing to the network and processing 250 million transactions across 130+ countries, Acurast has established itself as the world's most decentralized compute network, showcasing the potential of community-driven technology. The integration of Solana Wallets is particularly noteworthy due to Solana's reputation as a fast and cost-effective blockchain ecosystem with a growing user base. This development allows users to quickly connect their wallets to the Acurast Hub, onboard their devices in minutes, and securely provide compute resources. The latest versions of Acurast Core and Acurast Lite are now available on both the Play Store and App Store, making it easier than ever for users to join the movement towards a resilient and community-powered compute network, especially in light of vulnerabilities in traditional cloud infrastructure.