Latest DePIN Funding News

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.

Filecoin, a prominent player in the blockchain space, is set to make significant strides beyond its traditional focus on decentralized storage. The company is reportedly launching a new product called Filecoin Web Services, which aims to create a decentralized cloud marketplace. This strategic move, highlighted in a recent Messari report, positions Filecoin to delve into AI-centered products, thereby broadening its offerings and potentially enhancing the demand for its FIL cryptocurrency. The report indicates that this expansion will facilitate easier access to decentralized solutions for developers, aligning with current trends in AI and decentralized infrastructure within the blockchain ecosystem. Despite the expansion, Filecoin's core service of decentralized storage continues to show robust utilization. In Q3 2024, storage utilization surged to 29.6%, a significant increase from just 4.1% in Q1 2023. This growth can be attributed to a rise in the number of large dataset clients, which now totals 518, each subscribing to over 1,000 TiB. However, the overall storage capacity has seen a decline, dropping from 13.8 billion EiB to 5.4 billion EiB during the same period. This dynamic suggests that while Filecoin is expanding its service offerings, it is also navigating challenges related to storage capacity. In the broader cryptocurrency market, FIL has struggled to maintain bullish momentum, trading at $3.59 after a notable decline of 10.21% over the past week. This downturn has overshadowed recent gains, as investor interest has shifted towards other narratives, particularly those involving memecoins and AI. As Filecoin ventures into new growth segments, the long-term impact on its competitiveness and the demand for FIL remains to be seen. While the immediate outlook may be challenging, the expansion into AI and decentralized services could ultimately enhance Filecoin's attractiveness to investors in the future.

The crypto market is experiencing a surge of optimism as we move into 2024, with Bitcoin reaching new all-time highs and Ethereum receiving regulatory approvals for spot ETH ETFs. This positive sentiment has sparked discussions about the future of the crypto landscape, highlighting key narratives that are expected to shape the industry in the coming years. Among these trends, decentralized social platforms, restaking, data availability layers, decentralized physical infrastructure networks (DePIN), tokenization of real-world assets (RWA), artificial intelligence (AI), and political memecoins are emerging as significant drivers of both buzz and utility. Decentralized social platforms are gaining traction as they offer users censorship-free environments and control over their data. Platforms like Warpcast and Friend.tech are leading this movement, allowing users to migrate their content and followers seamlessly. Meanwhile, restaking, a concept pioneered by EigenLayer, allows validators to lock up liquid staking tokens as collateral, enhancing the security of the Ethereum network while enabling token holders to earn additional yields. This trend has led to the emergence of several competitors in the restaking space, further diversifying the market. The tokenization of real-world assets is another trend that is gaining momentum, with major players like BlackRock entering the space. By representing assets such as real estate and fine art as digital tokens, tokenization facilitates fractional ownership and enhances liquidity. Additionally, the AI narrative continues to grow, with projects like Fetch.ai and Bittensor focusing on creating decentralized AI solutions. Lastly, political memecoins have captured the attention of investors as they satirize political figures, reflecting the speculative nature of the crypto market. As 2024 unfolds, these narratives will likely continue to evolve and influence the crypto ecosystem significantly.

In the aftermath of the ETHOnline hackathon, the DIMO developer community is buzzing with excitement and innovation. Developers are actively engaging with the DIMO team, sharing ideas and proposals for continuous development on the platform. Notably, one developer is collaborating on a data insight layer that promises to enhance the experience for all developers, while another is working on a no-code solution for DIMO APIs. Additionally, many developers have applied for the DIMO Ignite Grants Program, seeking funding for their innovative business proposals. This vibrant developer activity underscores the core mission behind the DIMO Network: to foster a thriving ecosystem for developers. As the DIMO team progresses with their developer roadmap, significant milestones are being achieved. The upcoming launch of the Global Accounts project, implemented as Accounts API, is a key highlight. This RESTful API service will facilitate the creation of DIMO accounts, allowing users to register a signer account and provision a smart contract wallet. With a focus on user security, the signer wallet is protected by Turnkey’s policy engine, ensuring that only the end user has control. Furthermore, the integration of a fiat-to-crypto on-ramp using Stripe will streamline transactions, making it easier for users to engage with the DIMO ecosystem. The introduction of the DIMO Transactions SDK marks another major advancement, providing developers with the tools to execute on-chain transactions seamlessly. This SDK supports both React Native and web applications, enabling developers to send DIMO tokens, mint vehicles, and manage ownership permissions without switching between applications. By allowing applications to sponsor on-chain transactions, the DIMO Transactions SDK alleviates concerns about gas fees for end users. As the DIMO Engineering team continues to innovate and revolutionize the automotive industry, the community is encouraged to join the conversation and contribute to the development of this exciting network.

Roam, a decentralized WiFi roaming network, is emerging as a key player in the DePIN (Decentralized Physical Infrastructure Network) ecosystem. Unlike other projects that focus on niche areas, Roam aims to create a global open wireless network that supports decentralized telecom services. A significant challenge in decentralized systems is the manipulation of location data, particularly in gaming, where users exploit GPS systems to bypass geographic restrictions. Roam addresses this issue by employing decentralized identities (DIDs) and verifiable credentials (VCs) to ensure accurate GPS data, thereby reducing the risks associated with location-based exploits. Currently operational in over 190 countries with around 750,000 self-deployed nodes, Roam connects users to a vast network of 3.5 million OpenRoaming™ nodes. The Roam app facilitates seamless connectivity, allowing users to automatically connect to available nodes without repeated logins. Central to Roam's protocol is its user identity verification system, which creates a digital identity upon app installation. This system ensures that user identities are verified each time they access a WiFi node, enhancing security and privacy across the network. Roam's ambitions extend beyond WiFi services, as it seeks to establish itself as a decentralized telecom data layer, similar to how Layer 1 blockchains provide infrastructure for decentralized applications. The network collects and records user data on the Solana blockchain, contributing to a decentralized ledger of telecom data. Roam also encourages community participation through a mining system that rewards users with Roam Points for operating WiFi nodes. With a vision to become a public utility within the DePIN sector, Roam is poised to play a crucial role in the future of decentralized networks, fostering an open-access model that attracts more projects to its ecosystem.

Ethereum co-founder Vitalik Buterin has recently highlighted the significant challenges facing the Ethereum network, particularly the urgent need for a unified ecosystem. In his latest insights, he discusses the future goals of Ethereum, especially during an upcoming phase known as "The Surge." This phase aims to enhance scalability, enabling swift cross-chain transfers and creating a more cohesive user experience. Buterin points out that Ethereum's biggest hurdle is its fragmented ecosystem, which currently consists of various Layer 2 (L2) solutions, each with unique features. He envisions a future where these solutions achieve interoperability, allowing them to function as a single, cohesive unit rather than 34 separate blockchains, ultimately fostering innovation and improving user experience. The ambitious goals of "The Surge" include achieving over 100,000 transactions per second (TPS) across both Layer 1 (L1) and Layer 2 solutions. However, Buterin emphasizes that this scalability must not compromise decentralization and security, which are core properties of Ethereum. He advocates for the integration of L2 solutions that maintain trustlessness, openness, and resistance to censorship. Additionally, Buterin stresses the importance of scaling the base chain, as a highly scalable L2 could pose risks if L1 struggles to process transactions. Instead of merely increasing the gas limit, he proposes making specific computations cheaper while preserving decentralization, suggesting improvements like multidimensional gas pricing. Furthermore, Buterin underscores the necessity of enhancing user experience within the Ethereum ecosystem. He believes that using L2 networks should feel seamless, allowing users to send tokens across chains without the technical burden of manual bridging. As Ethereum transitions from a monolithic roadmap to a rollup-centric approach, Buterin acknowledges the unique challenges this shift has introduced. The recent Dencun upgrade has been pivotal in scaling Ethereum, but it also raises concerns about siphoning users from the mainnet. Ultimately, Buterin's vision for Ethereum is to address these challenges while preserving its foundational values, ensuring that the evolution towards an L2-dominated ecosystem does not compromise what makes Ethereum unique.

September marked a transformative month for CUDOS, characterized by significant developments, impressive growth metrics, and strategic partnerships. A highlight was the proposal for CUDOS to join the Artificial Superintelligence Alliance (ASI), aiming to synergize AI and cloud computing for sustainable innovation. The community's enthusiastic response culminated in a successful vote for the merger, paving the way for a new chapter in CUDOS's evolution. Detailed resources, including a voting guide and migration steps for the upcoming token merger with $FET, have been made available to assist users in this transition. The month also witnessed remarkable operational achievements, with a staggering 8,475 new virtual machines (VMs) deployed, reflecting a 159% increase from the previous month. This surge brought the total number of VMs across the CUDOS Intercloud to nearly 30,000. Additionally, the user base surpassed 11,000, and the platform logged over 500,000 compute hours, showcasing the diverse workloads being supported. Financially, CUDOS generated over $700,000 in revenue, underscoring its robust performance and growing adoption in the market. Infrastructure expansion was another key focus, with the establishment of new data centers in Norway and the USA, enhancing global computing capabilities. These facilities are equipped with advanced hardware to ensure efficient service delivery. Furthermore, CUDOS engaged with the community through events and discussions, including an AMA with CEO Matt Hawkins, who emphasized the merger's potential benefits. The media also recognized these milestones, with coverage in platforms like Cointelegraph, highlighting CUDOS's commitment to advancing AI and decentralized computing. Looking ahead, CUDOS is poised for continued growth and innovation, thanks to the unwavering support of its community.

Game development company Studio369 has announced the migration of its mech shooter title MetalCore to the Solana blockchain, aiming to enhance the gaming experience through faster on-chain transactions. As of October 24, the Solana blockchain is processing an impressive average of about 3,000 transactions per second, a key performance metric that underscores its capabilities. MetalCore will leverage Solana Labs' GameShift platform, which integrates a storefront and payment systems for in-game purchases. This free-to-play open-world game features both player-versus-player (PvP) and player-versus-environment (PvE) battles, allowing players to acquire assets from defeated opponents and convert them into Web3 assets for trading. The migration to Solana comes as the network has been attracting various protocols looking to improve scalability and reduce costs. Studio369's decision reflects a broader trend, as other projects like MetaBlox's Roam network and the decentralized wireless communications protocol Helium have also transitioned to Solana for its faster transaction speeds and scalability. With the gaming sector increasingly gravitating towards blockchain technology, Solana's infrastructure is positioned to support these developments effectively. Despite its advantages, Solana has faced challenges, including significant periods of downtime that have raised concerns about its reliability. The latest outage, which lasted about five hours, occurred on February 6, 2024. In response to these issues, the Solana Foundation is working on the Firedancer upgrade, with a full version expected in 2025 and interim updates to manage the growing network activity. As Solana continues to evolve, it remains a focal point for gaming and decentralized infrastructure projects seeking robust blockchain solutions.

Web3基础设施平台Ankr最近宣布与开放网络（TON）区块链的集成，这一举措将为开发者提供更便捷的去中心化应用（DApps）开发体验，特别是针对Telegram用户。根据10月24日的公告，这一集成将消除TON的节点设置，节省开发者在构建、校准和修复问题上所需的时间。Telegram的用户群体估计达到9.5亿，基于TON的热门DApps包括Telegram Mini Apps，例如Hamster Kombat，这款tap-to-earn游戏在短短几个月内吸引了超过3亿玩家。 通过此次集成，Ankr将提供远程过程调用（RPC）连接，使开发者能够直接与TON网络进行交互，执行交易、获取钱包余额和检索所有权信息等任务。TON的RPC端点将通过Asphere部署，成为一个全球范围内低延迟的区块链节点的地理分布网络。Ankr的联合创始人兼首席执行官Chandler Song表示：“由于这款消息应用在我们的行业中至关重要，我们非常期待看到创新的新功能随着构建障碍的消除而实现。” TON区块链还提供了自己的RPC服务，允许开发者直接与网络互动以构建Telegram上的DApps。然而，Ankr表示，其与TON网络的集成消除了节点管理的复杂性。此外，TON基金会最近选择了Axelar的Mobius Development Stack（MDS）来连接其生态系统与68个网络，允许开发者跨多个区块链构建DApps，消除了通过互操作性层的桥接解决方案的需求。值得一提的是，TON区块链在9月份获得了来自加密交易所Bitget和Foresight Ventures的3000万美元战略投资，旨在加速TON基础应用的开发，尤其是像Hamster Kombat和Notcoin这样的游戏。