Latest DePIN Campaign News

In a week marked by political tension surrounding the U.S. elections, Solana experienced a notable downturn, losing approximately 14% from October 31 to November 5. However, the mood shifted dramatically on election day when Solana's native token, SOL, surged by over 15%, reaching $187. This rebound was driven by a significant increase in trading volume, which more than doubled to over $6 billion. The optimism surrounding Donald Trump's election win, who has been a vocal supporter of cryptocurrency, is expected to lead to more favorable regulations in the U.S., alleviating concerns about Solana's classification as a security. Despite a generally bearish week for the cryptocurrency market, Solana managed to maintain its upward momentum, outperforming rivals like Ethereum and BNB. The Solana ecosystem showcased impressive metrics, with a total value locked (TVL) in DeFi reaching $6.326 billion, giving it a 7.09% share of the DeFi landscape. Additionally, Solana's dominance in the NFT space is evident, commanding over 40% of daily users and significantly outpacing competitors. Institutional confidence is also on the rise, with DApp investments hitting $173 million in Q3, the highest since 2022. As the race heats up for the first U.S. Solana ETF approval, firms like Canary Capital, VanEck, and 21Shares are vying to launch products that track SOL prices. Solana has recently flipped BNB to become the fourth-largest cryptocurrency by market capitalization, reflecting a wave of market optimism. Furthermore, Solana's DEX trading volume reached 27% market share in October, solidifying its position as a leading player in decentralized trading. With a loyal developer community and high transaction counts, Solana continues to be a major force in the blockchain ecosystem.

The European Commission has introduced the Data Act, a groundbreaking regulation designed to address significant challenges and unlock the potential of data within the EU. This regulation, alongside others like the Data Governance Act and GDPR, aims to create a more controlled yet consumer-friendly digital ecosystem. For stakeholders in Decentralized Physical Infrastructure Networks (DePIN) and Web3, the Data Act raises critical questions about its impact on decentralized technologies. Instead of viewing regulation as an obstacle, it can be seen as a pathway to innovation, where a more structured environment encourages creativity and the development of new solutions. The Data Act seeks to dismantle data silos and harmonize access to data across the EU, ensuring that all data generated from connected products, such as IoT devices, is accessible. This regulation applies not only to EU-based companies but also to non-EU original equipment manufacturers (OEMs) that wish to access EU markets. By mandating fair access and usage of data, the Data Act aims to level the playing field, compelling companies to adopt practices that promote data sharing and user empowerment. This shift is expected to spur new data-driven innovations that benefit both businesses and consumers alike. As data access becomes more equitable, the demand for real-time, high-quality data is increasing. DePIN projects, like Streamr, are positioned to bridge the gap between data supply and demand. By facilitating real-time data aggregation and pooling individual data streams into larger datasets, these projects can meet the needs of data buyers while maintaining user privacy. Moreover, solutions like Data Unions help contributors monetize and manage their data collaboratively, promoting a fairer and more accessible data economy. The combination of regulatory changes and innovative technologies could significantly transform the landscape of data sharing and utilization in the coming years.

In October, Wingbits has made significant strides in enhancing its flight tracking capabilities, marking a busy month for the community. The company has partnered with GEODNET and HYFIX to introduce innovative flight-tracking hardware, which is now available for pre-order. These nodes are designed to collect real-time ADS-B data, rewarding users for their contributions. Early adopters can benefit from a $100 discount on their pre-orders, with deliveries scheduled to begin in January 2025. Interested customers can purchase the hardware through various trusted distributors across the globe. The Wingbits network has also reached a milestone, surpassing 2,000 active stations worldwide, thanks to the support of its community. This expansion sets a new standard for real-time aviation data, and users are encouraged to explore the upgraded network map to view all active stations and aircraft layers. Additionally, Wingbits hosted a live AMA session with GEODNET, addressing community questions and discussing future plans. The company has launched an Ambassador Program on Zealy, inviting enthusiastic members to help promote the project and connect with other innovators. To engage the community further, Wingbits held a global hardware giveaway, with three winners selected to receive the first-ever Wingbits-approved flight-tracking devices. The company also highlighted the importance of community-driven solutions in flight tracking, emphasizing the accessibility of tracking over 30 million flights globally in 2024 through ADS-B technology. As the month wraps up, Wingbits encourages users to share their experiences and setups on social media, fostering a vibrant community dedicated to aviation and data accuracy.

Asa, the head of io.net for the Asia-Pacific region, has confirmed attendance at the upcoming "DeInsight 2024" annual summit, scheduled for November 11 in Bangkok during Devcon. io.net is a decentralized computing network designed to support the development, execution, and scaling of machine learning applications on the Solana blockchain. The platform boasts the world's largest GPU cluster, aggregating 1 million GPUs from underutilized resources such as independent data centers, crypto miners, and projects like Filecoin and Render. This innovative approach addresses the need for vast computing power by creating a decentralized physical infrastructure network (DePIN), making it accessible, customizable, cost-effective, and easy to implement for engineers. The "DeInsight 2024" annual summit will be held at Hotel Nikko Bangkok and is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer. The event aims to gather over 1,000 industry elites from the Web3 field to exchange insights and discuss the latest trends and developments in the blockchain space. A highlight of the summit will be the unveiling of the RootData List 2024, which ranks influential individuals and institutions in the industry based on objective data analysis. This annual ranking is expected to provide valuable insights into the key players shaping the future of blockchain technology. ChainCatcher emphasizes the importance of viewing blockchain developments rationally and encourages attendees to enhance their risk awareness regarding virtual token issuances and speculations. It is crucial for participants to understand that all content provided on the platform is market information or opinions from related parties and should not be interpreted as investment advice. The organization also encourages readers to report any sensitive information they may encounter, ensuring a responsible and informed community engagement.

In a recent AMA session, the team behind Züs expressed gratitude to participants for their insightful questions. A significant highlight was the announcement of the ZCN Buyback Plan, where the team intends to purchase ZCN from the market corresponding to each Vult or Blimp allocation bought in USD. This initiative aims to enhance the value of ZCN while also incentivizing users to engage with the platform through referrals. The introduction of USD rewards for Vult or Blimp referrals, particularly a 10% reward for Blimp referrals, is expected to further boost user participation and sales. Additionally, the team provided an update on their recent advertising campaign, which, while successful in generating new leads, unfortunately led to a temporary app crash. The ads are currently paused as the team works diligently to resolve the issue and resume their marketing efforts. Excitingly, a new partnership has been secured, although specific details remain under wraps. The team is optimistic about ongoing discussions for more partnerships that could enhance their market presence. Looking ahead, the focus remains on driving sales, forming strategic partnerships, and collaborating with influencers to amplify their reach. The team is also exploring promising funding leads to support their initiatives. Community engagement is encouraged, with a call for influencers to get involved in supporting Blimp sales. As Züs continues to innovate in the AI-ready distributed storage space, the community is eager to see how these strategic moves will unfold in the coming weeks.

In the ongoing battle against climate change, the importance of transparency and accountability in climate action initiatives cannot be overstated. These initiatives, which range from carbon credits to tree-planting campaigns, necessitate robust systems for monitoring and verifying progress. Web3 technology emerges as a transformative solution, utilizing its decentralized and immutable characteristics to provide a secure and transparent framework for tracking eco-friendly projects. By employing blockchain, smart contracts, and decentralized networks, Web3 enhances trust and efficiency in global climate action efforts. The carbon credit market has long been plagued by issues such as fraud and double-counting, undermining its effectiveness. Web3 offers a remedy by creating a decentralized, tamper-proof ledger for issuing, tracking, and verifying carbon credits. Tokenization ensures each credit is unique and cannot be manipulated, while smart contracts automate the verification process, issuing credits only after independent validation. This system reduces reliance on intermediaries, cutting costs and fostering trust. Decentralized carbon marketplaces exemplify this potential, allowing peer-to-peer trading of carbon credits with complete transaction transparency, thereby ensuring that credits are linked to genuine environmental projects. Moreover, Web3 technology can significantly improve the tracking and verification of tree-planting initiatives, which are crucial for carbon capture and biodiversity support. Traditional methods often suffer from inefficiencies and potential corruption. By utilizing blockchain, every stage of a tree's life cycle can be monitored, and smart contracts can ensure that funds are released only after independent validation of planting efforts. This decentralized approach not only enhances transparency but also empowers individuals and communities to actively participate in climate action. By tokenizing rewards and utilizing decentralized finance, eco-friendly projects can attract global support, paving the way for a more sustainable future that prioritizes accountability and collaboration.

The Roam Spooky Halloween 2024 Event is set to bring excitement to users from October 28 to November 11, 2024. During this period, participants can enjoy a chance to win surprise gifts valued at over 10,000 USDT. To join in on the festivities, users need to download the Roam app and utilize their Roam Points to redeem mystery gifts. These gifts can range from exclusive items to high-value rewards, making it an enticing opportunity for both new and long-time Roam users. Among the rewards available during the event are the Roam Rainier MAX60 WiFi Router Miners, designed to enhance the Roam experience while providing high-yield mining capabilities. Additionally, participants can win the Roam Baker MAX30 WiFi Access Points, which offer reliable internet connections and daily rewards. Other exciting prizes include free eSIM data, various amounts of Roam Points that can later be converted into $ROAM tokens, exclusive Halloween stickers, and Harmony ONE tokens, making this event a treasure trove for crypto enthusiasts. To participate, users must download the Roam app and redeem a surprise gift for just 100 Roam Points. Points can be accumulated by adding new WiFi connections, checking in, and referring friends. The event promises a thrilling Halloween celebration filled with surprises and fantastic prizes. With the event running for a limited time, participants are encouraged to gather their points and take advantage of this unique opportunity to enhance their Roam experience and crypto portfolio. Happy haunting and good luck to all Roamers!

The recent partnership between iExec and Lobster marks a significant advancement in Web3 communication, particularly in the realm of privacy. With the integration of iExec's Web3Mail, Lobster can now send encrypted emails to users without ever needing to store or even access their email addresses. This innovation utilizes confidential computing and blockchain technology to ensure secure communications while granting users complete control over their privacy. By leveraging Intel SGX hardware encryption, the collaboration has created a tamper-proof communication method that effectively protects users from data breaches and unsolicited spam. This partnership not only enhances user privacy but also opens up new avenues for developers interested in creating privacy-first applications. iExec is actively encouraging builders to participate in their grants program, which aims to support innovative projects that align with their ecosystem. Interested developers can submit proposals detailing their project's technical aspects, purpose, and long-term benefits. Selected applicants will undergo a technical interview, and grants will be awarded based on the achievement of specific milestones, fostering a collaborative environment for innovation. Looking ahead, the potential of this partnership is vast, and both iExec and Lobster are excited about the future of privacy-first technology. Users are invited to experience this new level of privacy by subscribing to Lobster's secure newsletter. Additionally, developers are encouraged to explore the opportunities available through iExec's grants program, as this collaboration is just the beginning of what can be achieved in the realm of secure communications and privacy-focused applications.

In episode 62 of the Hashing It Out podcast, host Elisha Owusu Akyaw engages with Harrison Hines, CEO and co-founder of Fleek Network, and Kyle Okamoto, CTO of Aethir, to discuss the transformative potential of decentralized physical infrastructure networks (DePIN). They delve into how DePIN aims to disrupt traditional internet infrastructure by decentralizing access to essential resources like GPUs and cloud services, challenging the dominance of major players such as AWS and Google. Hines emphasizes that DePIN represents an evolution similar to what Uber and Airbnb achieved in their respective industries, allowing for community ownership and operation of infrastructure instead of centralized control by corporations. Okamoto critiques the traditional cloud computing model, highlighting its inefficiencies and the oligopolistic nature of leading companies that limit access to critical resources. He argues that decentralized networks, like those developed by Aethir, can democratize access to computing power while enhancing operational efficiency. Both guests acknowledge the complexities of decentralization, noting that not all Web3 projects are fully decentralized, particularly due to the centralization of DNS. However, they express optimism about the ongoing evolution of the sector and the gradual decentralization of various infrastructure components. The episode provides valuable insights into the potential of DePIN to revolutionize existing industries, while also addressing the challenges that lie ahead in achieving full decentralization. The discussion sets the stage for future explorations of how DePIN could influence other sectors within the tech landscape, making it a significant topic for enthusiasts and professionals alike.