Latest DePIN Funding News

The IoTeX coin, currently priced at $0.03817847, is gaining attention as a potential multibagger in the cryptocurrency market. With the crypto landscape showing signs of bullish evolution in 2024, IoTeX (IOTX) is projected to reach a price high of $0.0760 if the positive sentiment continues. However, if the market fails to adopt the technology widely, the price could drop to a low of $0.030. The platform, which focuses on machine economics, supports a range of devices from smart gadgets to autonomous vehicles, making it a significant player in the Internet of Things (IoT) sector. Looking ahead to 2025, the price of IOTX could climb to $0.099, contingent on successful network integrations and user adoption. Conversely, if the platform struggles to attract users, the price may fall to $0.042. The forecast for the following years suggests a steady increase, with potential highs reaching $0.356 by 2030. This optimistic outlook is based on the assumption that IoTeX will continue to innovate and enhance its interoperability, which is crucial for its long-term success in the competitive crypto market. Historically, IoTeX has had a volatile journey since its mainnet launch in 2019, experiencing significant price fluctuations. After an initial surge, the price fell drastically before gradually recovering. The project has shown resilience, and with the growing importance of IoT technologies, investing in IOTX appears to be a promising opportunity for long-term gains. As the market evolves, the performance of IoTeX will be closely monitored by investors looking to capitalize on its potential growth.

Decentralized Physical Infrastructure Network (DePIN) is emerging as a significant narrative in the blockchain space, often described as the "Internet of Things (IoT) with a blockchain twist." These projects aim to connect and manage physical devices, such as energy grids and wireless networks, which generate vast amounts of data. However, the current blockchain infrastructure struggles to keep pace with the demands of DePIN applications. For instance, Helium, a notable DePIN project, transitioned from its own blockchain to Solana in April 2023, yet even Solana's high throughput capabilities are insufficient for real-time computations required by many DePIN projects. The reliance on offchain computation is a common theme among DePIN projects. As Shuyao Kong, co-founder of MegaETH, points out, existing DePIN applications are not fully onchain due to inefficiencies and costs. While some projects may use blockchain as a marketing strategy, the reality is that they often utilize a hybrid approach, processing computations offchain and recording results onchain. This is particularly critical for executor devices, which require immediate responses, unlike sensors that can tolerate some latency. The use of blockchain in DePIN primarily serves to coordinate activities among numerous devices in a trustless manner, adding a financial incentive layer through token rewards for contributors. Looking ahead, the future of DePIN projects will likely involve a balance between onchain and offchain processes. Current blockchain architectures are not equipped to handle the real-time demands of DePIN applications fully. However, as scalability improves, we may see an increase in onchain functionalities. Experts suggest that future DePIN projects will evolve towards modular architectures tailored for specific computational needs, such as real-time processing or large-scale data storage. This evolution is essential for the successful integration of blockchain technology into the DePIN ecosystem, ensuring that it meets the diverse requirements of various applications.

On October 28, the Phantom wallet provider experienced significant downtime lasting nearly three hours, coinciding with a surge in demand for the GRASS token airdrop. Users reported issues such as missing balances and transaction failures on social media platforms. The downtime began at 1:36 PM UTC and was resolved by 4:20 PM UTC, marking the second service interruption for Phantom within the month. Earlier in October, a brief 8-minute outage was recorded on the 3rd. In response to the incident, Phantom's team assured users that they would actively monitor the situation and implement measures to prevent future occurrences. The GRASS tokens are part of a decentralized physical infrastructure network known as Grass, which operates on the Solana blockchain. This network incentivizes users by rewarding them for lending unused internet bandwidth, which is then utilized to enhance artificial intelligence models. The first airdrop of GRASS tokens will distribute 100 million tokens, accounting for 10% of the total supply. Following the airdrop's launch, the price of GRASS experienced volatility, initially dropping by 28% to $0.65 before recovering slightly to $0.71 at the time of reporting. Despite the issues faced by Phantom, the Solana network itself remained fully operational throughout the downtime. Data from Solana Status indicated that the network maintained total uptime over the past 90 days. The timing of Phantom's service disruption, just minutes after the GRASS token claim went live, has led to speculation about a correlation between the two events, as users rushed to claim their rewards. This incident highlights the challenges faced by wallet providers during high-demand events in the cryptocurrency space.

Today marks a significant milestone in the blockchain space as CUDOS and the Artificial Superintelligence (ASI) Alliance have successfully completed their token and blockchain merger. The CUDOS mainnet has officially halted at block height 12,385,627, meaning it will no longer produce blocks. In this process, all data from the final state of CUDOS was exported, and the Fetch.ai (ASI) chain underwent a software upgrade to incorporate all CUDOS data, facilitating the migration of balances. Notably, all CUDOS token holders and delegators have successfully transitioned, along with 30 validators, bringing the total validator count on Fetch.ai’s mainnet to 91. With the merger finalized, CUDOS holders can now view their new $FET tokens on the Fetch.ai (ASI) mainnet through platforms like Mintscan. To verify the correct amount in their vesting schedule, users can check an active CUDOS explorer, where their $FET balance should reflect the amount divided by 118.344. For further assistance or inquiries, stakeholders are encouraged to reach out through the official channels of CUDOS or ASI, including their respective Discord servers, especially for questions related to the merger and balance conversions. The collaboration between CUDOS and the ASI Alliance has been ongoing, and this merger paves the way for numerous exciting updates that are set to be announced soon. Both teams are committed to keeping the community informed, so stakeholders should stay tuned for upcoming developments as they continue to enhance their offerings in the blockchain ecosystem.

In recent developments within the cryptocurrency market, Bitcoin Exchange-Traded Funds (ETFs) have reached a significant milestone, nearing 1 million BTC under management. This surge has seen BTC ETFs gain an impressive $188 million, while Ethereum ETFs have also seen a modest increase of $2 million. Meanwhile, Tesla's stock has soared, reflecting a growing interest in cryptocurrencies among traditional investors. Additionally, Microsoft is set to vote on a potential investment in Bitcoin, although the board has expressed opposition to the move, indicating a cautious approach towards crypto investments in corporate governance. On the regulatory front, Pennsylvania has passed a bill aimed at protecting crypto rights, signaling a positive shift for the industry in the state. However, concerns have arisen as reports suggest that a US crypto wallet may have been exploited, highlighting the ongoing security challenges within the sector. In terms of innovation, Kraken is preparing to launch its own Ethereum Layer 2 solution, which could enhance transaction speeds and reduce costs for users. Furthermore, Toly has announced that AI will leverage crypto rails to manage various projects, showcasing the intersection of technology and finance. In other notable news, Uniswap has launched a bridging service connecting nine different chains, facilitating smoother cross-chain transactions. Ankr has integrated the TON blockchain into its Web3 API, expanding its service offerings. Meanwhile, a Binance executive has departed from Nigeria, reflecting the challenges faced by crypto exchanges in navigating local regulations. Lastly, the city of Lugano has unveiled a statue of Satoshi Nakamoto, celebrating the legacy of the Bitcoin creator and the impact of cryptocurrencies on the global financial landscape.

The blockchain domain is ever-evolving, with established giants and innovative newcomers competing to deliver scalable, secure, and efficient solutions. In this competitive space, networks like Monero, Bittensor, and Tezos have each carved unique positions, addressing specific challenges and enhancing blockchain utility. A fresh contender, the Qubetics $TICS, has recently entered the arena, offering an ambitious vision of interoperable and autonomous blockchain. Here’s a look at what sets these networks apart and why they could be poised for major growth. Qubetics’ standout offerings include QubeQode IDE, a development environment with drag-and-drop capabilities that make creating blockchain apps easy, even for users with limited coding skills. This integrated development environment reflects Qubetics’ commitment to lowering barriers in blockchain development. The network also leverages AI-driven tools to streamline the coding and deployment process, allowing developers to build applications quickly and efficiently. In Phase 5 of its presale, Qubetics has raised over $1.4 million, with $TICS tokens priced at an attractive $0.015972. Over 140 million tokens have already been sold, and with prices rising 10% in the next phase, early investors have a narrow window to join this revolutionary project. Each of these projects—Monero, Bittensor, Tezos, and Qubetics—addresses unique aspects of blockchain functionality. Monero remains a leader in privacy-focused transactions, Bittensor decentralizes AI development, and Tezos is a resilient, self-amending blockchain. However, Qubetics’ focus on blockchain development places it at the forefront of a new wave of blockchain solutions. As blockchain technology advances, these platforms collectively contribute to a future rich with possibilities for decentralized applications and digital assets. Qubetics, in particular, offers a rare chance for early investment with life-changing potential.

In the latest developments in the blockchain space, several projects have announced airdrops and funding rounds that are set to take place from October 21 to October 27. One of the highlights is Ethereum L2 Scroll, which has opened its first airdrop application, allocating 7% of its total SCR supply. This airdrop targets community participants, ecosystem projects, industry contributors, and global community organizers. Scroll has successfully raised over $80 million in funding through various rounds, with significant contributions from Polychain and Bain Capital Crypto, among others. Another noteworthy project is Grass, a Depin initiative on Solana that integrates AI technology. Grass has announced its Airdrop One, distributing 100 million GRASS tokens, representing 10% of its total supply. The allocation is designed to reward users who have earned Grass points and those who hold specific NFTs. Grass has raised over $4.5 million in funding, with its latest round led by Polychain Capital. The airdrop applications for Grass will open on October 28, 2024, creating excitement among its user base. Additionally, Kelp DAO, a re-staking protocol based on EigenLayer, has opened airdrop applications for SCR tokens. The project raised $9 million in a private funding round earlier this year. Jupiter, a DEX aggregator, has also launched its Active Staking Rewards, distributing JUP and CLOUD tokens to active voters. The airdrop landscape is further enriched by projects like ALIENX and Ordzaar, which are also rolling out their airdrop initiatives. As these projects continue to innovate and engage their communities, the upcoming weeks promise to be significant for blockchain enthusiasts and investors alike.

The concept of Decentralized Physical Infrastructure Networks (DePIN) has gained significant attention in 2024, although its roots trace back further. The term DePIN was popularized in late 2022 by Messari, which categorized various projects under this umbrella. Among the pioneering DePINs, Helium stands out with its extensive network of over 996,000 routers and a market cap exceeding $1 billion for its HNT token. Helium exemplifies the practical benefits of decentralization, providing localized 5G coverage that traditional telecom infrastructures often overlook. This shift towards decentralized solutions reflects a growing recognition of the value they bring beyond mere security and resistance to censorship. As the DePIN landscape evolves, experts like Álvaro Gracia and Sean Carey are exploring new categorizations for these networks. They distinguish between 'bespoke' networks, which require specific hardware like Helium, and 'commodity' networks that can operate on everyday devices, such as smartphones. Projects like NATIX and Wingbits illustrate this trend, enabling users to earn tokens by contributing data through their devices. These innovations suggest that the potential for disruption in the DePIN space is vast, particularly as more individuals can participate without the need for specialized infrastructure. Looking ahead, DePINs are poised to transform various sectors, including electric vehicle (EV) charging infrastructure. With EV adoption outpacing the establishment of public charging stations, decentralized solutions are emerging to connect EV owners with private chargers. Initiatives like PowerPod leverage token incentives to encourage participation, while Minima explores a model where tokens manage access rather than serve as payment. This approach could redefine how users interact with charging infrastructure, blending decentralized technology with traditional fiat payment systems, thus broadening the appeal and usability of DePINs in everyday life.

The blockchain landscape is rapidly evolving, with numerous projects vying for attention. Among these, OZO, Mil.k, and TOMI have emerged as notable contenders, each presenting unique propositions that could potentially lead to significant returns. This article delves into the core attributes of these three tokens, exploring their potential to achieve a remarkable 20X growth. OZO, or Ozone Chain, is built on quantum-resistant technology, positioning it as a robust investment for the future. Analysts predict that as more users adopt OZO, demand will surge, driving up its price. Currently trading at $0.2304, OZO boasts a low volatility rate of 0.22%. With projections indicating a potential price increase of 227.98% over the next month, reaching approximately $0.766306, OZO is seen as a long-term investment, particularly for industries requiring high-security data solutions, such as healthcare and government. On the other hand, Mil.k is revolutionizing the loyalty points landscape by providing a platform that connects various reward systems across service providers, particularly in the travel and lifestyle sectors. Priced at $0.2125, Mil.k aims to create a global marketplace for trading loyalty points, addressing the fragmentation issue prevalent in the industry. With expectations of a 20-30% increase in value over the next six months, Mil.k could see its price stabilize around $0.3561. Meanwhile, TOMI distinguishes itself through its decentralized approach, enhancing user privacy and content ownership. Currently valued at $0.03417, TOMI has the potential for a 20-40% growth as it expands its user base and partnerships. Each of these projects holds promise, with the potential to significantly impact the blockchain sector in the coming years.

In the rapidly evolving world of cryptocurrencies, identifying projects with real potential can be daunting. However, several projects are emerging as leaders by addressing significant financial challenges. Qubetics ($TICS) is at the forefront, tackling the volatility that has hindered institutional adoption. By utilizing a smart contract-powered token management system, Qubetics ensures price stability, making it an attractive option for financial institutions. The ongoing presale, currently in Phase 5, has already raised over $1.4 million, with token prices set to increase weekly. Analysts predict that if $TICS reaches $10 post-launch, investors could see an astonishing ROI of 62,500%, highlighting the immense potential for early adopters. Another noteworthy project is Arbitrum, which enhances Ethereum's scalability through its Layer 2 solution. By offloading transactions from the main Ethereum chain, Arbitrum allows for faster and cheaper transactions without sacrificing security. This scalability is crucial as high gas fees continue to plague Ethereum, and Arbitrum's seamless integration empowers developers to deploy decentralized applications efficiently. As the DeFi landscape grows, Arbitrum's role in improving user experience and transaction efficiency positions it as a vital player in the ecosystem. Stellar and Bittensor also stand out in the crypto space. Stellar focuses on revolutionizing global payments, enabling fast, low-cost cross-border transactions, particularly for the unbanked. Its decentralized network connects financial institutions, facilitating seamless money transfers. Meanwhile, Bittensor is decentralizing artificial intelligence, allowing participants to train and share AI models on a collaborative network. This innovative approach democratizes access to AI and accelerates development. Together, these projects—Qubetics, Arbitrum, Stellar, and Bittensor—offer unique solutions to modern financial challenges, making them worthy of attention in the ever-competitive crypto market.