Latest DePIN Funding News
a day ago
Helium's HNT Token Surges on Growing Mobile Subscribers and Technical Analysis
Helium's native token (HNT) has surged by over 18% in the past week, outperforming many other cryptocurrencies. The rise in price is attributed to the growth in Helium's mobile subscribers, which now exceed 112,000. This surge follows a 40% spike in price just two months ago when the subscriber coun
a day ago
Key Updates in the Crypto Market
Bitcoin price drops to $55,711.26 as Arthur Hayes predicts it could fall below $50K amid market turmoil. Worldcoin CEO Alex Blania reveals plans for global expansion following Facebook's model. Injective launches the 'First Ever' tokenized index for BlackRock's BUIDL Fund, allowing users to take lon
a day ago
DePINs: Transforming Web3 Infrastructure and AI Demand
A recent MV Global report highlights the transformative potential of DePINs in the Web3 space, with over 1,000 projects and a $50 billion market cap. DePINs, decentralized physical infrastructure networks, aim to decentralize real-world systems like communication networks and energy markets. The rep
a day ago
Theta Labs Partners with Seoul Women's University to Boost AI Research with Decentralized GPU Computing Power
Theta Labs has partnered with Seoul Women's University to provide its AI research lab access to Theta EdgeCloud's decentralized GPU computing power. This collaboration aims to enhance AI research in healthcare, bioinformatics, and finance by reducing costs and boosting computational power. Theta Edg
2 days ago
Grass Airdrop Faces Backlash Over Token Rewards
The Grass airdrop faced backlash as participants received minimal token rewards, sparking disappointment and criticism. Users expressed frustration over inadequate allocations and lack of communication from the project. In response, Grass introduced the Grass Foundation to address concerns and uphol
9 days ago
Polygon's Investment in EMC Boosts AI and DePIN Sectors
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, b
12 days ago
Enhancing Passive Income Opportunities Through Strategic Partnership
Blockmate Ventures Inc announces a strategic partnership between Hivello Holdings and Mysterium Network, aiming to enhance passive income opportunities for users on both platforms. Users can now share internet bandwidth as a Mystnode on the Mysterium Network, in addition to unused computing power. K
14 days ago
Booming Funding for Decentralized Physical Infrastructure Projects
Decentralized Physical Infrastructure Projects (DePIN) are booming in funding, with a 296% increase in seed investments, reaching a total market valuation of 20 billion dollars. IoTeX and peaq have raised significant amounts, reflecting growing investor interest. These projects aim to decentralize c
24 days ago
Aethir Token Surges 35% After Listing on Top Exchanges
Aethir token (ATH) experiences a 35% surge after being listed on South Korea's top exchanges, Upbit and Bithumb. The token, known for its applications in AI and gaming, solidifies its presence in the market. With a strong market debut and trading incentives, Aethir aims for new highs amidst sector g
a month ago
IoTeX’s Early Investment Project Daylight Completes $9 Million Series A Funding Led by a16z
August 2, 2024 - Daylight, a pioneering DePIN (Decentralized Physical Infrastructure Network) project, has secured $9 million in a Series A funding round, as reported by The Block. The investment was led by A16z Crypto, with participation from Framework Ventures, Lattice Fund, Escape Velocity, and L