Latest DePIN Cloud Services News

The emergence of Web3 is revolutionizing the access to computing power and storage, altering the internet's foundational connectivity. DePIN, shorthand for 'Decentralized Physical Infrastructure Networks', is a novel approach to managing infrastructure through blockchain, enhancing transparency, security, and efficiency. DePIN contrasts traditional centralized systems by distributing control across a network, addressing issues like inefficiencies, high costs, and censorship. Among the companies leading this decentralized evolution are HyperCycle, which is developing a secure network for AI models, and Space and Time, creating a decentralized compute layer for verifiable web applications.

YOM, a cloud gaming platform, is set to revolutionize the gaming industry by allowing gamers to earn cryptocurrency from their idle computational power. Partnering with peaq, a blockchain ecosystem, YOM plans to launch its Genesis Series as the first NFT Node Mint on the peaq blockchain. This integration aims to provide a more sustainable approach to cloud gaming with lower hosting costs and reduced latency. YOM's platform supports Unreal Engine 5 and offers a creative solution for gamers to earn rewards from their gaming rigs. The node sale for YOM's Genesis Node Licenses as NFTs will be open-sourced, enabling other projects on peaq to conduct similar events.

InfStones, a prominent blockchain infrastructure provider, has introduced a Node-as-a-Service (NaaS) product, simplifying the process of setting up nodes for Decentralized Physical Infrastructure Networks (DePINs). This innovative solution allows users to engage with DePIN communities effortlessly, shaping the future and earning rewards. InfStones' NaaS product has been instrumental in the adoption of new blockchain platforms, particularly for Aethir, a cloud computing platform that has seen significant node operator growth through this partnership.

Telecommunication companies face a daunting $250 billion debt burden for 5G infrastructure, leading to a slow buildout and a shift towards decentralized wireless networks. DeWi networks leverage community-driven collaboration, incentivizing individuals to provide bandwidth and monetize their internet connections. This model has seen early success with networks like Helium, which supports thousands of hotspots and offers affordable mobile plans. Additionally, technological advancements like eSIMs and regulatory changes are reducing barriers to entry, leveling the playing field for smaller companies to compete with telecom giants.

DePIN 2.0 represents the next phase in Decentralized Physical Infrastructure Networks, promising a world where decentralized networks manage our infrastructure. With a global market value of over $2 billion in 2023, DePINs are gaining recognition and investment, with over $1.5 billion invested in 2024. DePIN 2.0 introduces enhanced smart contracts, improved data security, and AI-driven resource allocation, making it more efficient and scalable than its predecessor. Despite the potential, DePINs face challenges such as technical complexity and market fragmentation, but their ability to address traditional system inefficiencies and offer economic benefits makes them an attractive investment.

Aethir, a Decentralized Physical Infrastructure Network (DePin) startup, has reported a substantial revenue of $36 million this year, reflecting a 10% monthly growth. The company's growth is propelled by the high demand for artificial intelligence and gaming services offered through its Platform-as-a-Service (PaaS). Aethir's PaaS model facilitates the development, testing, and deployment of GPU-accelerated applications, which are crucial for AI, cloud gaming, and edge computing. The company's decentralized network structure offers a cost-effective and scalable alternative to traditional GPU setups, which often face issues with high costs, scalability, and security. Aethir claims its solution is up to 60% more cost-effective than services like Amazon Web Services (AWS). Despite the company's impressive revenue and advancements, the price of Aethir's token (ATH) has struggled since its listing on crypto exchanges.

Helium Mobile has expanded its decentralized network with increased compatibility with third-party hardware and pilot programs for interoperability with other carriers. The company's licensing program has enabled developers to create compatible hardware like routers and hotspots, exemplified by RAKwireless's MNTD.FI Pro mobile hotspot. Additionally, Helium is working on the OpenRoaming framework to enhance wireless carrier crossover.

Mizzle, a DePIN platform, has received a $1 million investment from tech investor Onextel to enhance its compute and storage platform. The funding will be used to improve platform capabilities, security features, and user experience. Mizzle's technology combines AI-based DevOps, eBPF security, and advanced encryption to offer a secure and efficient decentralized infrastructure solution. The investment is expected to help Mizzle capture a significant share of the growing DePIN market.

The Render Network has experienced a significant increase in activity, with a 17.7% rise in frames rendered in Q1 2024 and a surge in daily active addresses and whale transactions. This has led to a bullish trend for the RNDR token, which has jumped 6.98% to $6.63. The network's incentive program for node operators and GPU providers has been successful in increasing computational resources for AI and machine learning tasks. Additionally, the integration of Render's technology into the Solana blockchain through the DePIN protocol has driven adoption and scalability.

DePIN, shorthand for decentralized physical infrastructure, is a burgeoning sector in the crypto space that combines various technologies to maintain a global network of physical assets. It encompasses protocols leveraging blockchain for a decentralized approach to infrastructure management, supported by participants providing computational resources. DePIN projects are divided into two categories: Physical Resource Networks (PRN), which include essential hardware for connectivity, and Digital Resource Networks (DRN), supplying the digital resources necessary for operating physical systems. Notable DePIN projects include Render Network, which decentralizes GPU cloud rendering, and The Graph, Filecoin, Arweave, Akash Network, AIOZ Network, Bittensor, Helium Network, IOTA, and Theta Network, each contributing to the advancement of decentralized infrastructure solutions.