Latest DePIN AI News

According to recent data from DePINscan, the AI Layer2 project Network3 has achieved a remarkable milestone, reaching a global node count of 360,000. These nodes are strategically distributed across 185 countries and regions, including key areas such as Europe, North America, and Southeast Asia. This expansion highlights the growing adoption and interest in the Network3 platform, which is designed to enhance the efficiency and scalability of blockchain applications. In addition to its impressive node growth, Network3 has experienced a surge in miner sales, indicating strong demand for its services. Starting from November 1, the project will undergo an expansion upgrade, which is expected to further accelerate the payback period for miners. This upgrade is anticipated to enhance the overall performance of the network, making it more attractive for current and potential users. Furthermore, Network3 has successfully secured $5.5 million in pre-seed and seed round financing, with plans for the next round already in motion. Several leading institutions have confirmed their participation, signaling confidence in the project's future. The official listing process for Network3 has also commenced, marking a significant step forward for the project. However, ChainCatcher advises readers to approach blockchain investments with caution, emphasizing the importance of risk awareness amid the various virtual token issuances and market speculations.

Bittensor (TAO) has recently captured the attention of traders and investors, particularly as it has experienced a notable 20% increase this month. Despite a 10% decline over the past week, the token's performance indicates a bullish outlook for the longer term. TAO has successfully broken out of an inverted head and shoulders pattern, surpassing the $600 level before entering a consolidation phase. Traders are now closely monitoring the $500 zone, as a bounce from this level could signal further upward movement if market conditions align favorably. As traders navigate the current market dynamics, many have mistakenly interpreted the recent price action as a sign of a bearish trend. This has led to an influx of short positions, which may have backfired as TAO's price surged, trapping these shorts. Currently trading around $560, TAO's return to breakeven levels may prompt trapped traders to exit their positions, potentially triggering a bounce. The token's recent pullback to the $500 range is viewed as a short-term buying opportunity, with analysts suggesting a bullish convergence on the 4-hour chart could lead to a price target of $800 by 2025. Despite the optimistic long-term outlook for Bittensor, traders remain cautious due to some weakness indicated by the MACD. If TAO loses support, it could dip below the $500 mark again. Nevertheless, Bittensor continues to rank among the top AI and Big Data projects, alongside notable competitors like Near Protocol, Oasis, and The Graph. This strong positioning in the market suggests that Bittensor is well-equipped to recover from recent corrections and may see further gains in the coming months, making it a project to watch closely for potential investment opportunities.

CUDIS, a pioneering company in the realm of wearable technology, has recently launched the CUDIS Mini App integrated with World App, a platform co-founded by Alex Blania and Sam Altman. This new app aims to enhance the interaction with health data while addressing privacy concerns associated with AI. The integration utilizes World ID, a secure protocol that allows individuals to prove their uniqueness online without compromising their privacy. Edison Chen, CEO of CUDIS, emphasized that this collaboration showcases the potential of blockchain technology in transforming personal health data management, making it more secure and user-friendly. In conjunction with the Mini App, CUDIS is introducing a limited edition wellness ring designed specifically for World ID holders. This sleek ring features a portable battery cartridge and improved fitness tracking capabilities. Users of the World App can engage with the CUDIS Mini App without needing to purchase the ring, as they can earn CUDIS points through various activities such as signing up, participating in sports challenges, and interacting with a personalized AI coach. This initiative not only promotes healthy habits but also incentivizes users with cryptocurrency rewards for their engagement. The CUDIS Mini App leverages World’s proof of human verification technology to ensure the legitimacy of shared biometric data. This facilitates secure access to health resources and promotes genuine human interactions. The launch of this app was announced during World’s “a new world” event, which reached an audience of 15 million users. CUDIS aims to empower individuals by allowing them to own and potentially monetize their health data, fostering a healthier generation of smart ring users.

In the evolving landscape of AI-powered art generation, two platforms, Flux AI and MidJourney, have emerged as key players, each with distinct philosophies and functionalities. Flux AI, developed by ex-Stability AI members, champions a censorship-free environment, allowing artists to explore their creativity without restrictions. This open-source platform offers three models—Schnell, Dev, and Pro—catering to various user needs, from quick image generation to high-quality outputs. In contrast, MidJourney is known for its polished visuals but imposes strict content guidelines, limiting the types of images that can be created, particularly those that are violent, explicit, or politically charged. The recent upgrade to MidJourney's v6.1 algorithm has enhanced its image quality and coherence, addressing previous issues like the notorious "weird hand" problem. However, despite these improvements, the platform's stringent censorship policies remain a significant drawback, potentially stifling artistic expression. On the other hand, Flux AI's no-censorship policy empowers creators to tackle complex themes and push artistic boundaries, making it a compelling choice for those seeking creative freedom. The pricing models further highlight the differences, with Flux AI being free for users who run it on their hardware, while MidJourney operates on a subscription basis, starting at $10 per month. Ultimately, the choice between Flux AI and MidJourney boils down to individual priorities. For artists who prioritize convenience and high-quality visuals, MidJourney may be the preferred option. However, for those who value unrestricted creative expression and the ability to explore any subject matter, Flux AI stands out as the clear winner. As the debate over censorship and artistic freedom continues, these platforms represent a broader cultural movement advocating for the right to create without limitations.

As Bitcoin approaches the possibility of reaching a new all-time high (ATH) by the end of the year, the cryptocurrency market is buzzing with anticipation of an impending bull run. Despite this excitement, the altcoin season has yet to commence. In the midst of this landscape, there has been a notable surge in interest surrounding artificial intelligence (AI) tokens. Recent analyses of on-chain data have spotlighted five top-performing AI tokens that have shown significant growth over the past month, making them worth monitoring for potential investment opportunities. Leading the pack is $TAO, which has experienced an impressive increase of 104%. With the largest market cap among AI tokens, $TAO has a unique situation where 37% of its tokens are set to be unlocked over the next year, while a substantial 77.7% of its circulating tokens are currently staked. Following closely is $ARKM, which has gained 81.8% and is expected to have 77.5% of its tokens unlocked over the next six years. Market maker Wintermute is believed to hold around 10% of the circulating supply, adding to its credibility. Other notable tokens include $WLD, $TAI, and $FET, each with their own unique attributes and backing that contribute to their rising popularity. The evolving cryptocurrency landscape presents these AI tokens as compelling opportunities, especially as the market remains cautious regarding altcoins. With the potential for a bull run on the horizon, Spot On Chain is set to launch a series of analyses across multiple altcoin categories to provide a comprehensive overview for investors. As always, it is crucial for investors to conduct thorough research before making any decisions in the dynamic world of cryptocurrency.

In a significant development within the blockchain and AI sectors, io.net, a pioneering decentralized physical infrastructure network (DePIN) GPU platform, has announced a strategic partnership with ParallelAI. This collaboration aims to enhance the capabilities of both platforms by integrating io.net's tools into ParallelAI's infrastructure, which specializes in parallel processing optimization for AI applications. The partnership is expected to bolster GPU computational facilities on IO Cloud, particularly through the deployment of A100 GPUs, allowing AI developers to efficiently conduct tasks such as large language model (LLM) training and distributed deep learning. The partnership will not only focus on expanding computational resources but also on joint research and development efforts. By leveraging their combined expertise, io.net and ParallelAI aim to push the boundaries of GPU cloud computing, setting new standards for performance and efficiency. This collaboration follows io.net's previous partnerships, including a notable alliance with FLock to develop a Proof-of-AI (PoAI) consensus mechanism, further solidifying its position in the AI and DePIN landscape. ParallelAI's innovative approach allows developers to write high-level code while the platform manages parallel computing across multiple GPUs and CPUs. This can lead to a remarkable reduction in computational time—up to 20 times faster—and significant cost savings. By utilizing decentralized GPU clusters on demand through IO Cloud, ParallelAI can scale its operations seamlessly, ensuring clients have reliable access to the computational power needed for intensive AI workloads, with potential savings of up to 90% compared to traditional cloud services.

Theta Labs has announced the launch of its AI Virtual Try-On software for Shopify, developed in collaboration with KAIST AI Lab, a leading AI research center in South Korea. This innovative technology utilizes advanced computer vision and natural language processing to enhance the online shopping experience. Customers can now virtually try on various tops by simply uploading a selfie, which aims to improve user engagement and potentially increase sales conversions for e-commerce retailers. To promote its adoption, Theta Labs is offering this plugin for free to Shopify store owners for a limited time, with successful beta integrations already reported by customers like Soar and Mazer. The AI Virtual Try-On for Shopify is powered by Theta EdgeCloud, a hybrid cloud-edge computing platform that combines over 30,000 distributed edge nodes from the Theta Edge Network with cloud services from major providers like Google Cloud and Amazon Web Services. This infrastructure offers more than 80 PetaFLOPS of distributed GPU compute power, allowing for significant cost savings on GPU computing tasks compared to traditional cloud providers. The EdgeCloud platform provides AI model training and inference services at less than half the cost of other cloud solutions, making it a cost-effective option for businesses. This launch signifies a major advancement in the application of EdgeCloud technology within the e-commerce sector. By addressing common challenges faced by online retailers and shoppers, Theta Labs is making advanced AI tools more accessible and affordable. Looking forward, Theta Labs and KAIST AI plan to expand the capabilities of the AI Virtual Try-On model to include more complex wearables, such as hats and bottoms, further pushing the boundaries of AI-driven fashion technology and enhancing the online shopping experience for consumers.

The cryptocurrency market is currently experiencing a mid-week bearish trend following an initial bullish momentum. AI tokens, which recently captured significant attention, are now consolidating, potentially indicating a bullish reversal. However, notable pullbacks are observed in trading sets for Bittensor (TAO), Artificial Superintelligence Alliance (FET), and Render (RENDER). This scenario may present a strategic opportunity for investors to accumulate these tokens at discounted prices, despite the current market fluctuations. Bittensor (TAO) has recently made headlines with a remarkable price surge exceeding 200%. However, this upward movement has been accompanied by minor pullbacks, which have historically attracted bullish activity. Currently, TAO is positioned within a rising parallel channel, suggesting the potential for another higher high. While the price is expected to overcome upward pressure and aim for new highs, a decline in trading volume could limit volatility. The on-balance volume (OBV) is also showing lower highs and lows, raising concerns about the sustainability of the current price levels. On the other hand, the Artificial Superintelligence Alliance (FET) is navigating a bullish pattern despite intermittent bearish pressures. The token is testing crucial support levels, which could lead to a rebound. However, technical indicators are showing bearish tendencies, indicating a potential pullback. Meanwhile, Render (RENDER) is maintaining its bullish trajectory, supported by an ascending trend line. Although selling volume has increased, the price is expected to consolidate before initiating a rebound. Overall, while the market faces challenges, opportunities for strategic investments in these AI tokens may arise as the situation evolves.

Aleph Zero, a prominent blockchain platform known for its emphasis on privacy and scalability, has announced the launch of its zero-knowledge operating system (zkOS) feature called Shielding on its EVM Testnet. This innovative technology allows zero-knowledge proofs to be generated directly on users' devices, enhancing privacy while maintaining transaction speed. The Shielding Demo showcases the platform's capability to deliver ZK proofs in an impressive timeframe of 0.5 to 3 seconds, thus ensuring that user privacy does not hinder performance. Adam Gagol, Co-Founder and CTO of Aleph Zero, emphasized that this release addresses the long-standing challenge of privacy in blockchain by providing a seamless user experience without sacrificing speed. The Shielding Demo serves as an intuitive interface for users to engage with Aleph Zero's zkOS privacy layer. The process involves generating zero-knowledge proofs locally, sending transactions to a relayer, and executing them on-chain—all while ensuring data privacy. This client-side approach is a significant departure from traditional server-side methods, as it empowers users to maintain control over their data. Aleph Zero's roadmap for zkOS includes plans for additional features like ZK-ID and anonymity revokers, aimed at enhancing both user privacy and protection against fraudulent activities. As Aleph Zero progresses with the Testnet release, the focus will shift towards refining the Shielding feature for its Mainnet deployment. Users participating in the Shielding Demo will have the chance to be whitelisted for upcoming zkOS Beta testing on Aleph Zero’s EVM Mainnet. The introduction of zkOS is poised to revolutionize the privacy landscape in blockchain, addressing regulatory concerns while enabling secure asset management across multiple blockchains. Aleph Zero's commitment to developing practical privacy solutions positions it as a critical player in the evolving web3 ecosystem.

On October 17, 2024, HashKey Global will host an Ask Me Anything (AMA) session with Ionet, focusing on the innovative ways Io.net plans to leverage Decentralized Physical Infrastructure Networks (DePIN) to enhance artificial intelligence (AI) capabilities. This event is expected to provide valuable insights into the strategic direction of Io.net and how it aims to scale its AI initiatives. Given the growing interest in AI and blockchain integration, the AMA could serve as a pivotal moment for investors and stakeholders in the IO token ecosystem. The discussion is anticipated to shed light on the potential impacts of successful AI integration on the IO token's market performance. As the demand for AI-driven solutions continues to rise, the ability of Io.net to effectively implement these technologies could significantly boost investor confidence. This, in turn, may lead to an increase in the IO token's price, making it a more attractive option for both current and prospective investors. HashKey Global's commitment to fostering dialogue around blockchain and AI is evident in this AMA. By engaging with the community and providing a platform for discussion, they aim to clarify the future of Io.net and its role in the evolving landscape of decentralized technologies. Stakeholders are encouraged to stay informed about the developments from this session, as the insights shared could have lasting implications for the IO token and its market trajectory.