Theta Network and AWS Join Forces to Launch Custom Amazon AI Chips Trainium & Inferentia on EdgeCloud

Akash, a decentralized compute project founded by Greg Osuri, has announced plans to deprecate its current Cosmos SDK-based chain and migrate to a new network that can better secure its operations. This decision marks the beginning of a public evaluation process for potential candidates both within and outside the Cosmos ecosystem. While the specific destination chain has not yet been disclosed, Osuri emphasized the importance of strong security, a vibrant community, deep liquidity, and growth potential in selecting the new home for Akash, which will maintain IBC compatibility. Originally launched as a Cosmos appchain, Akash operates a decentralized marketplace that connects AI and cloud buyers with independent providers of GPU and compute capacity. The recent Mainnet 6 upgrade introduced Nvidia GPUs, allowing users to benefit from lower costs compared to traditional centralized cloud services. Osuri also reassured users regarding staking concerns, indicating that while staking may appear to be disappearing, it is actually evolving into a more advanced model. He mentioned that Solana is a strong contender for Akash's new network, but the team will be cautious in making their final decision. This shift to a new base-layer represents a significant architectural change for a decentralized physical infrastructure network (DePIN). Osuri's criteria for the migration reflect a broader search for scalable solutions as demand for AI compute rises. The Block's data indicates that DePIN is becoming a multi-billion-dollar asset class, with web3 cloud and AI compute identified as leading segments. However, challenges such as hardware access, network scalability, and regulatory uncertainties remain. The Akash team has not set a timeline for the migration, but they plan to engage the community in an open discussion about the trade-offs involved in the decision-making process.

In the third quarter of 2024, IoTeX has made significant strides in the DePIN sector, reinforcing its leadership position within the ecosystem. The highlight of this quarter was the launch of IoTeX 2.0, which features a modular infrastructure designed to support verifiable DePIN data. This upgrade aims to facilitate the development of DePIN projects by lowering barriers and accelerating growth. Additionally, IoTeX has formed strategic partnerships with industry leaders such as OKX, Solana, and Polygon, further enhancing its visibility and influence in the blockchain space. The network has also seen a surge in activity, with over 218 projects built on IoTeX, including 51 dedicated to DePIN, and a substantial increase in on-chain transactions and staking activities. The IoTeX ecosystem has experienced remarkable growth, with daily on-chain transactions rising to 26,100—a 107% increase from the previous quarter. This growth is complemented by the successful completion of funding rounds by various projects within the ecosystem, such as Network3 and Nubila. The diversity of projects, ranging from AI-driven initiatives to weather oracles, showcases the vibrant potential of the IoTeX platform. Furthermore, IoTeX's DePIN Surf Accelerator program has launched its second phase, selecting nine innovative projects that are set to make a significant impact in the DePIN landscape. Looking ahead, IoTeX is poised for an exciting final quarter of 2024, with plans for the launch of core products like ioID and W3bstream, which will enhance the verification and interaction capabilities of DePIN devices. The upcoming Get GOATed Season 2 event aims to attract new community members and projects, offering substantial rewards to participants. As IoTeX continues to expand its ecosystem and partnerships, it remains committed to driving the adoption of DePIN technology, paving the way for a decentralized future where smart devices and real-world data seamlessly integrate with blockchain solutions.

Grayscale, a leading digital asset manager, has made a significant move in the cryptocurrency space by filing Form 10 with the SEC for its Bittensor Trust ($TAO). This filing marks the initial step toward becoming a reporting company under U.S. securities law, which could potentially reduce private placement holding periods from 12 months to 6 months. If successful, this would facilitate public trading on OTC markets and bolster institutional confidence in AI-driven crypto assets, paving the way for broader adoption of Bittensor’s decentralized AI network. The announcement was made via Grayscale's official X account, emphasizing the importance of increased accessibility, transparency, and regulatory standing. Should the SEC approve the Form 10, the Bittensor Trust will be required to file quarterly, annual, and current reports, similar to public companies. This level of transparency is expected to enhance investor trust in $TAO, the native token of Bittensor, which incentivizes AI model contributions through cryptocurrency. Grayscale's intent to seek public quotation of Bittensor Trust shares on OTC Markets further indicates its commitment to regulatory compliance and market legitimacy. The timing of this filing is particularly strategic, as AI-related tokens have seen significant growth, attracting both speculative and institutional interest. Bittensor operates as a decentralized AI marketplace, allowing developers to train models and earn $TAO based on performance. The trust provides institutional investors with a regulated investment vehicle to gain exposure to AI infrastructure without the complexities of managing data centers. Following the announcement, $TAO experienced a surge in trading volume, with analysts predicting continued bullish momentum as Grayscale's compliance efforts progress, potentially leading to increased liquidity and market activity for the token.

The recent 48-hour internet shutdown in Afghanistan has raised significant concerns regarding the vulnerability of decentralized technologies, particularly blockchain. This blackout, which affected approximately 13 million people, revealed a critical weakness: the reliance of blockchain networks on centralized internet service providers. While blockchain is designed to facilitate secure and censorship-resistant transactions, the outage highlighted how interruptions in internet connectivity can severely impact its functionality. This situation underscores the urgent need for alternative internet infrastructure solutions that can support blockchain operations even when traditional providers are unavailable. On October 1, 2025, the Taliban administration ordered a near-total internet blackout, which was later attributed to technical issues with fiber optic cables. However, the timing and scale of the disruption raised alarms about potential censorship and government control over internet access. The event not only disconnected millions from the digital realm but also disrupted numerous blockchain activities, revealing a significant challenge for decentralized networks. The incident serves as a stark reminder that while blockchain technology holds the promise of censorship resistance, it remains vulnerable to external disruptions. In response to the Afghanistan blackout, advocates for decentralized connectivity are calling for solutions that ensure blockchain networks can operate independently of centralized internet providers. Projects like Roam Network are at the forefront of this movement, aiming to create decentralized wireless networks powered by user contributions. By leveraging crowdsourced data on mobile signal strength, Roam seeks to provide reliable internet access even during outages. Other initiatives, such as World Mobile and Helium, are also working to establish large-scale decentralized networks that reduce reliance on centralized infrastructure. The urgency of developing these solutions has never been clearer, as the potential of blockchain technology hinges on the availability of a decentralized internet backbone.

The recent Token2049 conference in Singapore highlighted the emergence of Decentralized Physical Infrastructure Networks (DePIN) as a transformative force in the blockchain space. Initially met with skepticism, the concept of individuals contributing to decentralized networks through installations like weather stations has gained traction, with thousands of stations now operational worldwide. Participants at the conference expressed a strong desire to engage with and profit from the infrastructure that supports both online and offline activities. DePIN is no longer a niche topic; it has become a central theme of discussion, with many experts predicting that it will surpass Decentralized Finance (DeFi) in value and significance. DePIN represents a shift in the cryptocurrency narrative, moving from a focus on capital to capacity. Investors and creators at Token2049 emphasized the importance of building actual networks that have tangible impacts on the world. Unlike traditional infrastructure, which is often hindered by centralized processes and high upfront costs, DePIN allows users to become operators immediately, thus facilitating faster deployment and greater participation. This model not only enhances utility but also attracts consumers, creating a self-sustaining ecosystem. As the demand for real-time, verifiable data grows, particularly in the AI economy, DePIN is positioned to become the foundational layer for various applications, including climate intelligence and grid optimization. Looking ahead, the potential for DePIN is significant, especially as regulatory clarity begins to emerge. The transition from pilot projects to fully operational networks is underway, with companies like WeatherXM leading the way by providing hyperlocal meteorological data through decentralized means. As industries increasingly seek reliable weather data amid climate challenges, DePIN could redefine the landscape of decentralized infrastructure, potentially onboarding millions into the Web3 ecosystem. The momentum observed at Token2049 suggests that DePIN is not just an alternative to DeFi but may become a cornerstone of the decentralized economy, focusing on broader societal impacts beyond mere financial transactions.

Grass, the flagship product of Wynd Network, has successfully raised $10 million in a bridge funding round co-led by Polychain Capital and Tribe Capital. This funding, primarily structured as a token purchase, highlights the growing investor confidence in Grass's mission to decentralize internet connectivity and enhance AI data access. Previously, Grass had secured funding through Seed and Series A rounds, but this latest round was unplanned and comes at a crucial time as the project experiences rapid growth and adoption. Grass operates as a decentralized bandwidth network built on the Solana blockchain, allowing users to monetize their unused internet capacity by selling their 'view of the internet.' This innovative system enables companies and developers to access public web data at scale, which is essential for training and improving AI models. Users are rewarded with the native GRASS token, which serves as the primary vehicle for value accrual and governance. Co-founder Andrej Radonjic emphasized that Grass addresses the access challenges AI developers face when building or training models across the open web, thereby solving a significant bottleneck in data collection for AI. The recent funding round marks Polychain Capital's third investment in Grass, reflecting their strong belief in the company's potential. Grass has reported impressive growth, with 8.5 million monthly active users and collaborations with around 20 companies, including nonprofits and academic institutions. As the project continues to evolve, it aims to transition from providing training data to offering real-time inference data, which is crucial for generative AI systems. With its unique approach, Grass is positioned to redefine data pipelines for AI, shifting control from centralized tech companies to a decentralized global network, thus leading the charge in the intersection of AI and decentralized infrastructure.