Latest DePIN AI News

The Serverless BXL conference, scheduled for July 7 in Brussels, will explore the convergence of AI, DePIN, decentralized cloud computing, and web3 gaming. With over 300 participants and 30 speakers, the event will feature a gaming pitch contest and keynotes from industry leaders such as Ubisoft. The second half of the day will focus on AI and decentralized cloud computing, including talks from experts like Nicolas Bacca, co-founder of Ledger, and representatives from decentralized AGI protocols. The conference aims to foster networking and collaboration in the blockchain and gaming sectors.

Solana is emerging as a hub for Decentralized Physical Infrastructure Network (DePin) projects, according to a report from Syndica. The report highlights various DePin projects in the Solana ecosystem, including decentralized GPU marketplaces, wireless technologies, and geospatial data solutions. In the Compute Data AI sector, platforms like io.net, Render, and Nosana are fostering a thriving microeconomy around computational resources. Render's technology was even integrated into Apple's latest iPad Pro, demonstrating the transformative potential of decentralized networks in digital content creation. Helium, another DePin project on Solana, has seen exponential growth in mobile hotspots deployment and subscriber numbers since migrating to the platform. Hivemapper has also recorded unprecedented demand for map data, highlighting the growing reliance on decentralized solutions for geospatial data. Despite some signs of slowing in the storage sector, the overall momentum of DePin projects on Solana remains strong, with the platform now home to category leaders representing a combined market cap of $4 billion.

Aethir, a GPU-as-a-service provider, is set to revolutionize the blockchain space by offering its product on the Ethereum network. The company aims to support artificial intelligence developers by allowing them to utilize idle GPU resources from participants, a concept known as decentralised physical infrastructure (DePIN). This approach is gaining significant traction in the blockchain industry, as it replaces traditional centralized infrastructures with a peer-to-peer network, enhancing security and fault tolerance. Aethir's co-founder, Mark Rydon, emphasizes the importance of DePINs in disrupting current infrastructure solutions and empowering innovation in AI, ML, and cloud gaming. The company's testnet has already attracted over 500,000 users and received support from major industry players like Nvidia, Super Micro, HPE, and Foxconn.

Franklin Templeton's report, 'DePIN: Traction in Supply & Early Signs of Increasing Demand,' delves into the burgeoning Decentralized Physical Infrastructure Network (DePin) sector, which is shaking up traditional industries with innovative, token-based incentive models. Projects like Hivemapper and Helium are leading the charge, leveraging mass collaboration to map roads and build wireless networks more efficiently and cost-effectively than their centralized counterparts. Hivemapper, for instance, has mapped 21% of global roads with over 60,000 contributors in just 31 months. Helium has partnered with T-Mobile to expand its 5G network to 13,000 hotspots, offering an unlimited phone plan at a significantly lower cost than traditional providers. However, the report also highlights a critical need for increased consumer demand to ensure the long-term sustainability of DePin projects, as the supply of such services has outpaced demand. With the market capitalization of DePin projects at $47 billion and the recent token listings of Aethir and io.net, there is potential for growth, but attracting a broader user base remains key.

Uplink, the world's first decentralized internet platform, has joined the Wireless Broadband Alliance (WBA) as an official member and speaker at the Wireless Global Congress Americas 2024. As a member, Uplink will engage with leading enterprises and contribute to the decentralized internet infrastructure platform. Their goal is to empower OpenRoaming members within the WBA ecosystem, connecting Access Network Providers (ANPs) and Identity Network Providers (IDPs) to a singular, decentralized platform for solving market problems. With the Uplink network, ANPs and IDPs can drive OpenRoaming adoption and connectivity, enhancing the internet ecosystem. The partnership with GL-iNET aims to upgrade connectivity for OEMs, supporting a variety of network technologies. Uplink's vision is to unite internet companies and infrastructure on a single, upgraded platform, aligning with the WBA's mission to promote connectivity and innovate in mobile technologies.

Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the technological landscape. DePIN projects, which combine blockchain with physical infrastructure, are set to transform resource management and information processing in 2024. Here's a look at the top AI & DePIN projects to watch this year: DePIN projects integrate digital blockchain capabilities with physical infrastructures like data storage and power grids. They aim to disrupt sectors traditionally controlled by central authorities. Notable projects include: - **Filecoin (FIL)**: A decentralized storage network where users can rent out space for filecoin tokens. With over 1.7 billion EiB of data stored, Filecoin has introduced smart contracts through the Filecoin Virtual Machine (FVM). - **Helium (HNT)**: A decentralized wireless network for IoT devices, using a Proof of Coverage consensus algorithm. It incentivizes network coverage through HNT tokens. - **Akash Network (AKT)**: An open-source cloud computing platform connecting server owners with users needing cloud resources, operating on the Tendermint blockchain. - **NEAR Protocol**: A community-powered cloud platform with high transaction speeds, simplifying developer experiences with intuitive features. - **Arweave (AR)**: Known as 'the permaweb,' Arweave offers indefinite data storage through its blockweave technology. - **Theta Network (THETA)**: A blockchain-based video streaming network where users earn tokens by sharing bandwidth and compute resources. - **Render Network (RNDR)**: A decentralized GPU network for 3D rendering, connecting node operators with artists and developers. - **Node AI (GPU)**: Provides access to GPU and AI technologies, allowing users to participate in the AI ecosystem. - **Streamr (DATA)**: A decentralized data exchange for real-time data transactions, incentivizing data providers and consumers. - **Bittensor (TAO)**: Combines blockchain with machine learning, incentivizing nodes for AI calculations and governance. DePIN projects enhance security, scalability, and efficiency by connecting physical assets with blockchain technology. This integration forms a robust ecosystem with three layers: physical infrastructure, middleware, and the blockchain itself. The future of DePIN looks bright, with a growing market size and potential applications in various sectors. Investments in DePIN projects like Helium are considered promising for 2024. However, it's crucial to conduct thorough research before investing in any cryptocurrency project.

June 12, IoTeX ecosystem AI Layer2 project Network3 recently announced the launch of iOS applications, which have been launched on multiple platforms such as Windows, macOS, Android and Linux. Users can run Network3 nodes according to their device adaptation and get $N3 rewards. Network3 aims to help global AI developers efficiently, conveniently and economically perform large-scale reasoning, training or verification models. It currently has more than 200,000 nodes worldwide, covering 181 countries or regions. IoTeX is a modular AI+DePIN infrastructure platform. Through the unique ioID of physical devices, the physical world data verification platform W3bstream, the visual AI+DePIN data center DePINscan, etc., it can help AI and DePIN projects access Web3 efficiently and at low cost, so as to achieve the possibility of large-scale application. The IoTeX ecosystem has developed rapidly this year. AI and DePIN projects in multiple scenarios, including AI, distributed computing power, energy systems, smart wearables, etc., have been or will be developed and deployed based on IoTeX's modular support.

McLaren Artura GT4's engine performance data will be recorded on the blockchain, providing real-time analysis during testing at Circuit de Spa-Francorchamps. Race Lab, a British GT Championship team, will use a blockchain-powered data tracker to log 20 parameters, such as ignition timing and steering angle, enhancing performance monitoring. The integration of Minima's DePIN data logger with Influx Technology allows for real-time data collection, which recently helped engineers identify and resolve a wheel turn radius fault. This technology not only ensures data integrity and vehicle history for resale value but also aids in compliance with racing regulations. Furthermore, it has the potential to improve fan engagement through live data streaming for sim racing.

Decentralized physical infrastructure networks (DePINs) are gaining momentum in the Web3 space, with projects like XYO allowing users to contribute resources like hard drive space or bandwidth to power decentralized networks. Markus Levin, co-founder of XY Labs, discusses the potential of DePINs to make AI more trustworthy by providing provenance for data, which can be crucial in fields like medicine. He believes DePINs are scalable and meet real client needs, without a market bubble, and have already helped onboard millions to the crypto space, potentially driving mass adoption.

The Akash Accelerate Summit, held on May 28, 2024, in Austin, Texas, brought together top experts in Decentralized AI (DeAI) and Decentralized Infrastructure Network (DePIN). The historic event focused on exploring the potential of these technologies and their future development. The summit highlighted the partnership between DePIN and DeAI, with DePIN providing the necessary computing power for DeAI, enabling a more collaborative and democratic approach to AI development. Key takeaways from the summit included the growth of the Akash Network, real-world applications of DeAI, opportunities and threats of mass adoption, and the importance of privacy-preserving AI techniques. The event emphasized the role of DePIN as a foundation for DeAI, fostering innovation and equitable distribution of AI capabilities.