Latest Edge News

Polygon Ventures and Amber Group co-led a funding round for Edge Matric Chain (EMC), a project focusing on decentralized AI applications. EMC plans to launch a Layer-1 blockchain for AI, enhancing GPU computing capabilities. The investment will introduce a new asset class in decentralized finance, backed by tokenized GPU resources. This move signifies Polygon's deeper expansion into AI and DePIN sectors. The rise of AI and DePIN is a top trend in 2024, with projections of adding $20 trillion to global GDP by 2030. UAE firms have launched a $500 million fund for DePIN and AI development, while Vitalik Buterin sees DePIN as crucial for DeFi. The market capitalization of DePIN is nearing $19 billion, with projects like Render and Bittensor leading the way.

Network3's N3 Edge V1 mining devices, powered by the DePIN-Edge AI protocol, sold out in seconds after launch. The dual mining machine allows users to mine Network3's native token and IoTeX tokens, offering enhanced capabilities and easy setup. By democratizing the crypto-mining landscape, Network3 aims to incentivize general users to participate in mining and contribute to data privacy and security. The protocol combines DePIN and Edge AI to provide a decentralized mechanism for training AI models, challenging centralized data processing. Network3's successful launch of the N3 Edge V1 marks a significant step towards a more equitable and decentralized future in the AI industry.

Network3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. N3 Edge V1 is a dual mining machine that can mine Network3’s native token and IoTeX tokens. The physical mining machine enables users to boost their Network3 rewards by mining two types of tokens. These devices integrate IoTeX’s infrastructure like the decentralized W3bstream and ioID to provide device identity and DePIN verification, leveraging IoTeX’s advanced ZK and off chain computing technology with its modularity tech stack. The N3 Edge is more powerful than other personal devices that people use for mining tokens. Additionally, it is lightweight and has high processing power, helping users to efficiently and seamlessly mint two tokens. Most importantly, N3 Edge is very easy to set up. Users have to connect to a power source, connect the device to the internet, login, and start mining. Network3 aims to democratize the AI industry by decentralized model training and data processing in exchange for tokenized rewards. The successful launch of Network3’s dual mining machine, N3 Edge, is a step forward towards realizing a more equitable and decentralized future.

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.

Decentralized compute networks are emerging as a sustainable solution for the energy-intensive GenAI industry. By utilizing underutilized hardware and edge nodes, these networks can balance computational loads, reduce latency, and reward power suppliers with tokens. This approach not only promotes efficient energy use but also democratizes access to high-performance computing resources, making advanced AI tools more accessible to small businesses. As the GenAI industry grows, decentralized networks offer a greener and more inclusive path forward.

Cloud gaming is set to revolutionize the gaming industry by offering high-quality experiences without the need for expensive hardware. DePin aims to address the infrastructure challenges of cloud gaming through edge computing, reducing latency and enhancing responsiveness. Aethir Edge, an AI device, is a key component of DePin's architecture, enabling high-end, localized computation for seamless gaming. Additionally, partnerships between companies like Flux and YOM within the DePin ecosystem are optimizing cloud gaming services, providing decentralized alternatives to traditional consoles.