io.net Reports Revenue Growth Amid Market Challenges

In a recent interview at Consensus 2025 in Toronto, Frank Mong, the COO of Nova Labs, emphasized the financial benefits of decentralizing telecommunication infrastructure for both small businesses and large telecom corporations. He highlighted that local operators, such as bars and restaurants, can generate revenue by hosting wireless hotspots, thereby expanding network coverage. This decentralized approach allows significant cost savings for telecom giants, who can utilize the Helium Network's telemetry to enhance their services in areas that typically lack coverage, known as dead zones. Mong pointed out the high costs associated with traditional telecom infrastructure, noting that establishing a single 5G tower can cost around $300,000. Instead of burdening consumers with expensive phone plans, he proposed a model where individuals with Wi-Fi networks can share their connections securely, providing valuable data to major companies like AT&T. This innovative use of decentralized physical infrastructure networks exemplifies how blockchain technology can enhance resilience against outages and disruptions while delivering real-world value. In addition to these insights, Nova Labs has been actively forming partnerships with telecom companies to improve network coverage. Notably, in January 2024, they collaborated with Telefónica in Latin America, and more recently, in April 2025, they partnered with AT&T to facilitate automatic access for users within the Helium Network's coverage area. With over 95,000 mobile hotspots in the U.S. and more than 284,000 active IoT hotspots globally, Mong believes that the success seen in the U.S. and Mexico should be replicated worldwide as Nova Labs continues to expand its reach through strategic partnerships.

Ben Goertzel, a pioneer in artificial intelligence, has been advocating for decentralized AI since he wrote his first line of code 30 years ago. As the world stands on the brink of achieving Artificial General Intelligence (AGI), Goertzel emphasizes the importance of decentralization in ensuring that this powerful technology benefits humanity rather than serving centralized powers. At the recent Consensus conference in Toronto, he expressed optimism that AGI could be launched within the next one to three years through his project, SingularityNET, which aims to create a global marketplace for AI services. The project has made significant strides, including partnerships with Mind Network and Filecoin Foundation, a $53 million investment in a modular supercomputer, and a token merger with Ocean Protocol and Fetch.ai. Goertzel's vision for decentralized AI is rooted in his early experiences with the internet, which he initially saw as a decentralized platform. However, he notes that the rise of tech giants like Google and Facebook has led to a more centralized internet, which undermines the foundational principles of decentralization. He argues that for AGI to be a force for good, it must be built on decentralized architecture from the outset. This philosophy is reflected in the design of SingularityNET, Hyperon, and the upcoming ASI Chain, which is tailored for decentralized AI applications. Goertzel believes that the trajectory of the post-AGI era will significantly differ based on the role of decentralized ecosystems in its development. In addition to his work in AI, Goertzel has a history of exploring decentralized money concepts dating back to the 90s. Although he and his peers initially dismissed the practicality of decentralized transactions due to concerns over speed and cost, the emergence of Bitcoin has validated some of his early ideas. He humorously reflects on the missed opportunities of that era, acknowledging that their lack of business acumen prevented them from envisioning the darker applications of decentralized money. Today, Goertzel's commitment to decentralized AI continues to gain traction, positioning him and his initiatives as key players in the evolving landscape of technology and governance.

On May 21, 2025, IoTeX, a prominent Layer 1 blockchain designed for decentralized physical infrastructure networks (DePIN), officially launched its Staking Program on DePINscan. This unified staking interface aims to empower users by providing a simplified and trusted gateway to support and earn from innovative DePIN ecosystems. The program initially offers native staking support for Hivello and Functionland, both of which are incubated by IoTeX, along with integrated staking for other projects like Filecoin, Fluence, Swan, and Aethir, in partnership with technical collaborator Parasail. The launch of the staking program is a significant milestone as it aligns with the maturation of DePIN from a nascent concept to a fully developed industry. Qevan Guo, CTO and Co-Founder of IoTeX, emphasized that this initiative facilitates scalable user participation in real-world infrastructure projects. DePINscan is not merely a dashboard; it represents a gateway to the future of Web3 utility, providing visibility into over 100 projects and an ecosystem value exceeding $1 billion. With the introduction of native and cross-chain staking, token holders can now easily delegate to real-world networks, track rewards, and support aligned DePIN projects. The integration of high-profile projects like Filecoin and Aethir highlights IoTeX's commitment to fostering open collaboration and chain-agnostic support. All staking operations are secured by Parasail’s robust infrastructure, ensuring reliability and scalability for future partners. Dom Carosa, co-founder of Hivello, expressed enthusiasm about the staking program, noting it as a significant opportunity for users to engage with decentralized infrastructure intuitively and rewarding. IoTeX plans to continue onboarding new projects and providing extensive support through marketing, infrastructure tools, and cross-chain integrations, inviting developers and builders to join their staking program.

DeCloud Labs has announced a significant shift in its focus from StackOS to StackAI, marking the end of support for the former and the beginning of a new chapter aimed at enhancing AI agents. After extensive discussions within the community, the company has decided to permanently close the migration process from StackOS to the new STKAI token on Solana. This decision comes in light of ongoing security concerns related to cross-chain bridges, particularly following the PolyNetwork hack, which prompted a reevaluation of their operational strategies. The migration period has provided StackOS token holders ample opportunity to convert their tokens, but the time has come to finalize this transition. The proposal outlines the closure of bridge-based migrations and the establishment of a fixed supply of STKAI tokens, which aims to eliminate confusion surrounding token mintability. As of May 30, 2025, any unconverted STACKAI tokens will be airdropped as STKAI on Solana for those who opened support tickets prior to this date. However, any unclaimed tokens will be considered burned, thereby permanently removing them from circulation. This final step is intended to secure the integrity of the token supply and enhance clarity for both new and existing investors regarding the tokenomics of STKAI. In conclusion, the DAO proposal emphasizes the importance of community engagement, allowing token holders to choose between remaining with StackOS or transitioning fully to StackAI. DeCloud Labs is committed to the development of StackAI moving forward, while also offering support to those interested in continuing the StackOS project. The final voting will take place across three instances to ensure all community members have the opportunity to participate, with the results communicated transparently to the community. This strategic move not only secures the future of STKAI but also addresses the pressing security risks associated with bridge infrastructures.

Alpha Liquid Fund has announced a significant investment in the $XNET token ecosystem, reinforcing its commitment to innovative projects in the decentralized wireless (DeWi) sector. The XNET Foundation is at the forefront of transforming mobile connectivity by addressing the limitations of traditional network infrastructure. By utilizing blockchain technology on the Solana network, Citizens Broadband Radio Service (CBRS) spectrum, and Wi-Fi 6+, XNET empowers local builders to deploy LTE/5G or carrier-grade Wi-Fi in underserved areas. This community-driven approach not only reduces costs but also enhances scalability, offering resilient connectivity solutions that challenge conventional Mobile Network Operator (MNO) models. Recently, XNET Mobile was recognized as an International Data Corporation (IDC) Innovator in DePIN for 2025. In April, the project achieved a notable milestone with a 16% increase in average daily data offload, showcasing its ongoing momentum. Wes Levitt, the Chief Investment Officer of Alpha Liquid Fund, emphasized the tangible impact of XNET, highlighting the consistent growth in data offload and the strong community support that fuels the network's progress. Alpha Liquid Fund specializes in liquid digital assets, maintaining a 90-day liquidity threshold. The fund employs a rigorous fundamental research approach, investing in digital assets both on the open market and through OTC deals directly from crypto projects. By utilizing institutional hedging tools and diversifying across sectors and market caps, Alpha Liquid Fund aims to deliver strong returns with reduced volatility and risk compared to direct digital asset holdings. Meanwhile, the XNET Foundation continues to drive innovation in decentralized wireless networks, striving to create scalable and cost-effective mobile connectivity solutions globally.

Hivello, a decentralized physical infrastructure network (DePIN) aggregator, has announced the listing of its token $HVLO on DePINscan, a prominent analytics platform for DePINs on IoTeX. This strategic move is set to enhance Hivello's visibility within the DePIN and IoTeX ecosystems, allowing users to access information about Hivello and participate in staking directly on IoTeX's Layer 1 blockchain. With the DePIN market projected to grow significantly, this listing positions Hivello at the forefront of a rapidly evolving sector, catering to both crypto enthusiasts and newcomers interested in decentralized infrastructure. The partnership with IoTeX is a pivotal development for Hivello, as it not only increases the accessibility of $HVLO but also provides users with essential tools and incentives to engage with decentralized networks. Domenic Carosa, Chairman of Hivello, emphasized the importance of this collaboration, stating that it aligns with their mission to onboard Web2 users into the Web3 space. The integration with DePINscan is expected to facilitate a smoother transition for users looking to explore and participate in the DePIN ecosystem, which boasts over 13 million active devices contributing daily. As DePIN adoption accelerates globally, the collaboration between Hivello and IoTeX signifies a major step toward expanding participation in decentralized infrastructure. Qevan Guo, CTO and Co-Founder of IoTeX, highlighted that this launch represents a convergence of technical innovation and strategic partnerships, ultimately making DePIN more accessible to a broader audience. With the market anticipated to soar from $50 billion in 2024 to $3.5 trillion by 2028, Hivello is well-positioned to capitalize on this growth, fostering a new wave of participation in decentralized technologies.