Latest DePIN AI News

CoralApp, a North American team of data scientists' brainchild, is revolutionizing the web3 domain with the Coral phone, an AI-driven device designed to enhance digital interactions and integrate seamlessly with the web3 ecosystem. The Coral phone is not just a smartphone; it's a platform that supports decentralized applications (dApps), offering users control over their digital lives. It also introduces the Coral AI-phone, featuring a privacy-first AI assistant with in-depth web3 knowledge, making navigation through the web3 ecosystem effortless. The device is equipped with features like decentralized AI inferencing and federated learning, setting a new standard for mobile technology in the digital age. Coral phone also supports DePIN services, DeFi, SocialFi, and GameFi, ushering in a new era of digital interaction that prioritizes user control, privacy, and rewards.

CoralApp, a project incubated by Binance Labs, is launching the Coral AI Phone, an AI-driven device designed to serve as a gateway to the Web3 lifestyle. The Coral Phone integrates with the Web3 ecosystem, supporting decentralized applications (dApps) and offering a suite of features for decentralized physical infrastructure networks (DePIN). It includes a privacy-first AI assistant with in-depth Web3 knowledge, enabling users to navigate the complexities of the Web3 ecosystem. The phone also supports DeFi services, allowing users to manage investments and trade cryptocurrencies with ease. Additionally, it promotes decentralized social networks with financial benefits and on-chain gaming experiences where users can earn rewards.

The DePIN Base Camp, a Web3 accelerator program, has chosen six startups to participate in its 12-week program. These startups are developing applications and products that leverage digital networks, decentralized infrastructures, and data services. The program, run by Outlier Ventures in partnership with peaq and supported by Borderless Capital, aims to advance the DePIN sector through enhanced connectivity, data security, and resource utilization. The selected teams are from diverse fields, including IoT hardware networks, AI, digital twins, cybersecurity, and cloud gaming. They will receive mentorship, workshops, and investment from Borderless Capital, a leading venture capital firm in the DePIN space.

DePINs and DeRENs are emerging as solutions to the risks associated with the centralized cloud computing market, dominated by players like AWS, Azure, and Google Cloud. The Cointelegraph Research and SwanChain report highlights how these decentralized platforms can enhance security, transparency, and reduce operational costs. The report also underscores the impact of computationally intensive AI models on the growth of DePINs and DeRENs, with the AI market expected to reach $1.4 trillion by 2029. SwanChain, a decentralized cloud computing platform, offers cost-effective resources for AI applications, smart contracts, and decentralized services, potentially reducing costs by 40-50% compared to major players. The platform's AI computing and storage bidding market allows users to request resources and match them with providers, streamlining the process and cutting costs. The report also discusses the role of AI and ZK Computing in the DePIN ecosystem, with SwanChain processing nearly 350,000 ZK computing tasks post-launch, demonstrating its scalability for ZK applications.

OpenAI's acquisition of Rockset, a real-time search and analytics database startup, aims to enhance its AI model, ChatGPT, with faster and more accurate analytics services. This integration will bolster the speed of AI model responses and support entities needing quick information retrieval from large datasets. Meanwhile, the Defence Research and Development Organisation (DRDO) seeks consultants with a monthly salary of Rs.50000, favoring candidates with prior DRDO experience and strong English communication skills, up to the age of 63, for a one-year term. The Grass project, an AI initiative, incorporates Solana wallets for reward distribution, ensuring data provenance and enhancing developer confidence in the data's reliability.

Decentralized Physical Infrastructure Network (DePin) projects are gaining attention for their innovative solutions to real-world issues. Three notable DePin projects are set to offer airdrops, presenting opportunities for blockchain enthusiasts and investors. Grass, a decentralized web scraping network, is converting public web data into AI datasets and has recently initiated an update asking users to connect their Solana wallets, indicating an imminent airdrop. Grass has secured approximately $4.5 million in funding from investors like Polychain Capital and Tribe Capital. The U2U Network, a layer-1 blockchain for DePin, is also conducting an airdrop campaign, encouraging users to complete on-chain tasks for NFT rewards. With $10 million raised from three funding rounds, U2U Network is leveraging NFTs and loyalty points to enhance user engagement. Lastly, Chirp, a DePin telecommunications network for IoT and voice communication, is launching the Chirp Tracker App Campaign as part of its airdrop strategy to increase user participation and network growth. These airdrops are integral to the projects' roadmaps for broader token distribution and heightened user engagement.

APhone, a decentralized cloud-based smartphone, is set to challenge the dominance of Apple and Google with the launch of its AppNest store, which will not charge developers any fees. The store will support both decentralized applications (dApps) and traditional web2 apps, offering an alternative to the steep fees charged by the tech giants. APhone's chief business officer, William Paul Peckham, stated that the goal is to democratize technology access and provide a full Web3 experience to users worldwide. The AppNest store will support popular web3 apps like MetaMask, Phantom, and Binance, as well as web2 apps such as WhatsApp, Facebook, Instagram, and ChatGPT. The store is exclusively available through the APhone app. APhone is powered by Aethir, a decentralized physical infrastructure network (DePIN) provider, which allows the smartphone to run both advanced Web3 applications and conventional apps on any web browser-compatible device.

DePIN's potential is vast, with a predicted growth of 20 to 120 times by 2028. Layer 1 and 2 blockchains are set to benefit from DePIN's ecosystem growth, with middleware and miner opportunities emerging. GPUs are a rapidly maturing field within DePIN, while AI projects like Bittensor and ORA are expected to thrive. Sensors and wireless networks are also poised for development, and DePIN is introducing a new method for issuing Real-World Assets.

Aethir, a new project in the GPU distribution sector, aims to disrupt the global GPU market by addressing the supply issue caused by high demand from AI and gaming. The project has successfully launched its cloud service, offering on-demand GPU compute solutions. With a focus on the enterprise side, Aethir connects businesses with high-powered GPU chips like NVIDIA's H100s for machine learning and AI applications. The platform claims to have the largest GPU network in the DePIN sector, providing over 43,000 enterprise-grade GPUs with a 99.99% uptime across 23 countries. Aethir's decentralized approach pools underutilized GPU power and distributes it where needed, making it a cost-effective and efficient solution for industries like cloud gaming. The project also features its native $ATH token, used for network services, governance participation, and staking. Despite challenging market conditions, the token has performed well since its launch on June 12th.

Decentralized Physical Infrastructure Network (DePin) projects are gaining attention despite the current downturn in the crypto market. Experts predict a strong resurgence, particularly for AI-integrated DePin initiatives, which represent cutting-edge innovation and adaptability. Crypto trader Kazi highlights six DePin projects with explosive growth potential. Cosmic Network (COSMIC) offers online privacy through decentralized VPN services, while Blendr Network (BLENDR) focuses on decentralized GPU computing. DSync, part of the Destra Network, combines decentralized cloud solutions with GPU networking. HashAI (HASHAI) integrates AI with mining strategies, and ATOR Protocol enhances the Tor network through blockchain incentives. OpSec uses AI to improve blockchain infrastructure, focusing on security and privacy. These projects face risks from market volatility and competition but offer transformative potential for investors.