Latest DePIN Funding News

Blockmesh, a decentralized physical infrastructure network (DePIN) project, has gained significant attention after winning the Solana Renaissance Hackathon. This innovative project leverages AI technology to create a decentralized monitoring model that enables users to monetize their idle bandwidth and computing resources. By doing so, Blockmesh allows individuals to generate passive income from their unused resources, while also ensuring that AI activities are closely monitored to mitigate risks such as misinformation and privacy invasion. The project is reminiscent of other successful models like Grass, Dawn, Nodepay, and Gradient, and it has already attracted over 60,000 participants eager to engage in its airdrop program. Currently, Blockmesh has launched a Node program that allows users to accumulate points, which will later be converted into airdrops. To participate in this airdrop, users must follow a straightforward process that includes registering for a Blockmesh account, downloading the Blockmesh Network app from the Chrome store, and connecting their Solana wallet and Twitter account to boost their points. The project emphasizes that users should operate under the principle of one device, one Wi-Fi connection, and one account to ensure compliance with its guidelines. However, it is important to note that the development team, investment fund, and tokenomics details have yet to be announced, leaving some uncertainty about the project's future. In summary, Blockmesh presents a unique opportunity for users to engage with a cutting-edge DePIN project while earning potential rewards through its airdrop program. As the project evolves, participants are encouraged to stay informed about updates and developments. The insights provided in this article aim to equip readers with the necessary knowledge to effectively navigate the airdrop opportunity and maximize their involvement in the Blockmesh ecosystem. By following the outlined steps, users can position themselves to benefit from this promising initiative in the rapidly growing blockchain landscape.

Last night, Binance made headlines with the launch of GRASS perpetual contracts, which significantly boosted market sentiment. The price of GRASS surged to an impressive $3.5, marking a new record high, while trading volume exceeded $700 million within 24 hours. Since its inception on October 29, GRASS has experienced a staggering growth of over 400%. This meteoric rise has sparked interest in the underlying fundamentals of the coin, particularly its innovative approach to data monetization within the DePIN (Decentralized Physical Infrastructure Networks) framework. Supported by major venture capital firms like Polychain and Deiphi, GRASS is positioned as a frontrunner in the data economy, offering rewards for data contributions and challenging the traditional monopolistic data models. The technical analysis of GRASS reveals a strong buying momentum, with the Relative Strength Index (RSI) climbing to 71.8, indicating an overbought condition. This rapid increase in price has attracted significant market attention, but it also raises concerns about potential pullbacks. The Ichimoku cloud chart suggests that GRASS is currently riding high, with key support levels around $2.9 and $2.4, which could cushion any necessary corrections. As the cryptocurrency market continues to evolve, the stability of GRASS's staking numbers—remaining above 26.6 million—demonstrates investor confidence in its long-term potential, despite the risks of profit-taking in a volatile environment. Looking ahead, the DePIN sector is poised for substantial growth, with predictions estimating its market value could reach $3.5 trillion by 2028. This projection highlights the increasing demand for decentralized data solutions, particularly as AI technology continues to advance. GRASS stands out as a promising investment within this burgeoning landscape, appealing to those seeking to capitalize on the data revolution. However, investors must remain vigilant, balancing the excitement of rapid gains against the inherent risks of market fluctuations. The future of GRASS and the DePIN track may well depend on broader market trends and the ongoing evolution of data decentralization strategies.

In October 2024, Bistroo has made remarkable progress in enhancing its sales pipeline and marketing efforts, as detailed in the latest update for token holders and the broader community. The company launched several projects aimed at improving the sales funnel, resulting in a staggering 234% year-on-year increase in first-time users, with 7,224 new orders placed. Additionally, 3,186 new user accounts were created, marking a 199% increase compared to the same month last year. The number of new merchants going live also saw a significant rise, with 39 new merchants compared to 25 in October 2023, alongside 75 new appointments scheduled, reflecting the company's commitment to expanding its reach as the holiday season approaches. On the marketing front, Bistroo has focused on growth through partnerships and community engagement, celebrating its 5th anniversary in September. The company has made significant strides in search engine optimization (SEO) efforts, particularly with its Pages product, which allows merchants to create whitelabel websites. This initiative aims to drive more search traffic to these pages, enhancing visibility and engagement. Furthermore, Bistroo has improved its Google My Business support, providing merchants with an additional channel to connect with their audience directly. Two strategic crypto partnerships are also in the pipeline, set to be announced soon. In terms of development, Bistroo has rolled out multiple updates to enhance user experience. A notable feature introduced is the 'as soon as possible' expiration setting for orders, which automatically closes unconfirmed orders after two hours. This update aims to streamline operations for merchants and improve order management. Other enhancements include adjustments to notification settings, quality of life improvements for security, and bug fixes for the revenue system. With these developments, Bistroo continues to empower restaurants through its SaaS infrastructure, leveraging the BIST Token to facilitate lower fees and instant payouts for online orders.

The cryptocurrency market has recently experienced significant volatility, particularly with assets like Pepe and Bittensor showing dramatic price fluctuations. Investors are increasingly turning their attention to Rollblock ($RBLK), a Web3 casino platform that promises more stable and bullish price action. With the potential for remarkable gains, many believe that Rollblock could achieve 100x returns in this market cycle, making it an attractive opportunity for crypto enthusiasts. Pepe ($PEPE) has made headlines with a notable bounce, increasing its value by 12.2% to reach $0.0000092. This surge has been accompanied by a substantial rise in trading volume, with over 1.3 billion Pepe tokens exchanged in just 24 hours—a staggering increase of 123%. Notably, a whale transaction of over $5 million worth of Pepe has sparked interest, suggesting that if this momentum continues, Pepe could approach its yearly highs soon. Similarly, Bittensor ($TAO) has experienced an 18% increase, recovering from a dip and solidifying its position within the top 25 cryptocurrencies by market cap. Rollblock ($RBLK) is making waves as it continues to achieve all-time highs, recently hitting $0.033. This early-stage casino startup has attracted 20,000 investors who have collectively contributed $4.9 million, drawn by the promise of trust and transparency in the $450 billion online gaming industry. With all transactions recorded on the Ethereum blockchain, Rollblock ensures no manipulation of bets and instant verification. The platform currently offers over 7,000 casino games, with payouts made in the native RBLK token. The tokenomics of RBLK, including buybacks and staking rewards, position it as a potential blue-chip asset in the crypto space, making it a compelling option for investors looking to capitalize on the ongoing presale.

The Verida DAO has officially launched its inaugural Verida Private AI Grants Program, aimed at promoting innovation within the realms of Private AI and decentralized storage. This initiative is designed to support groundbreaking projects that leverage the Verida Private Data Bridge, which is set to expand its capabilities by integrating additional data connectors. By doing so, the program will empower developers using the Verida API to access a broader range of user data, ultimately leading to the creation of more sophisticated AI agents and applications. The grants will be available from November 15th to February 15th, with a total grant pool valued at $30,000 in VDA tokens. The program features multiple tiers of funding, catering to various levels of project complexity. Tier 1 offers $500 for extending existing connectors, while Tier 2 provides $1,000 for basic connectors. For more advanced projects, Tier 3 awards $2,000 for high complexity connectors, and Tier 4 grants $3,500 for advanced connectors. This tiered approach encourages a wide range of innovative solutions within the decentralized storage ecosystem. Interested participants can register their interest by filling out a designated form, which will be reviewed by the DAO team. Successful submissions will lead to further discussions about the proposed projects. The Verida DAO is enthusiastic about the potential contributions to the future of Private AI and looks forward to seeing innovative solutions that enhance the decentralized storage landscape. This initiative marks a significant step towards realizing Verida's long-term vision of unlocking data for diverse Private AI use cases.

Arkreen, a Web3-powered infrastructure company focused on renewable energy and carbon reduction, has announced a strategic partnership with GEODNET, a leader in Earth observation and operator of the largest Real-Time Kinematics (RTK) network globally. This collaboration falls under the "Plug for Green Program" (PGP) and aims to enhance carbon neutrality within Decentralized Physical Infrastructure Networks (DePIN). Together, they are paving the way for a sustainable future by leveraging innovative technologies to address energy consumption and carbon emissions in the mining sector. The partnership introduces a novel approach to monitor energy consumption and offset carbon emissions through the integration of GEODNET's satellite miners and Arkreen's Smart Plugs. By utilizing Arkreen's tokenized Renewable Energy Certificates (RECs), users can now directly offset their carbon emissions from brown energy consumption on-chain. This initiative not only promotes a greener mining process but also unlocks new opportunities for participants to engage in environmentally responsible practices while benefiting from dual-mining rewards. As a key player in global Earth observation, GEODNET enhances the capabilities of autonomous systems with its advanced RTK network, which offers significant improvements in positional accuracy. Through the Plug for Green Program, Arkreen equips GEODNET with real-time energy monitoring and innovative green incentives, encouraging the community to adopt carbon-neutral practices. This partnership exemplifies the potential of Green DePIN initiatives, empowering participants to contribute to global sustainability efforts while reaping the rewards of eco-friendly mining.

In the ever-evolving landscape of cryptocurrencies, today's top trending altcoins include Drift (DRIFT), Notcoin (NOT), and Grass (GRASS). Drift, the governance token of the Solana-based decentralized exchange Drift Protocol, is gaining traction following its recent listing on the South Korean exchange Upbit. The listing, which pairs DRIFT with Bitcoin (BTC), USDT, and the Korean Won (KRW), has led to a staggering 500% surge in trading volume and an 88% increase in price, currently sitting at $0.95. However, technical indicators suggest that DRIFT may be overbought, with a Relative Strength Index (RSI) reading of 77.05, indicating potential for a price retracement to $0.70 unless buying pressure continues to push it higher. On the other hand, Notcoin (NOT) has not fared as well, experiencing a 16.69% decline in the last 24 hours, bringing its price down to $0.0063. Despite this downturn, Notcoin has formed a falling wedge pattern on the daily chart, which is typically a bullish reversal signal. If the price can hold above $0.0060, there is potential for a rebound towards $0.013. However, a drop below this level could see it fall further to $0.0056, indicating a precarious position for investors. Grass (GRASS) continues to impress, having appeared on the trending list consistently over the past week. The token, associated with the Decentralized Physical Infrastructure Network (DePIN) project, has surged by 31.81% in the last 24 hours, making it one of the top performers among the top 100 cryptocurrencies. With a positive Moving Average Convergence Divergence (MACD) reading, there is optimism that GRASS could climb above $3.33. However, profit-taking by holders could lead to a decline below $2.50, highlighting the volatility inherent in the crypto market.

This month, the decentralized energy network Starpower has successfully graduated from Alliance's 13th phase and has launched an exciting airdrop event. The initiative has already attracted over 200,000 newly registered users, reinforcing Starpower's status as the leading energy decentralized physical infrastructure network (DePIN) in terms of user base. Looking ahead, the project has ambitious plans to surpass 1 million users by 2024 and aims to outpace Tesla's device activation numbers within the next five years, leveraging its innovative DePIN model. According to insights from the Web3 asset data platform RootData, Starpower operates as an open protocol for decentralized energy networks. The recently initiated airdrop event is set to run until the mainnet launch, during which a total of 30 million tokens will be distributed as rewards. These rewards will be allocated to users who purchase devices, activate NFTs, and engage actively within the community. This strategic move not only incentivizes user participation but also aims to build a robust ecosystem around decentralized energy solutions. In light of these developments, ChainCatcher emphasizes the importance of approaching blockchain technology with a rational mindset. Users are encouraged to enhance their risk awareness and exercise caution regarding various virtual token issuances and speculative activities. It is crucial to note that all content provided by ChainCatcher serves as market information or opinions from related parties and should not be interpreted as investment advice. For any sensitive information encountered, users are urged to report it for prompt handling.

On-chain liquidity is essential for the effective trading of tokens on decentralized exchanges (DEXs). The recent launch of the Hivemapper Network has led to the organic formation of on-chain liquidity around its token, HONEY. This proposal aims to allocate up to 750,000 HONEY as a promotional incentive for a user-friendly "liquidity vault" that would enhance on-chain liquidity. By increasing liquidity, the Hivemapper Network can reduce price volatility and foster greater confidence in the HONEY economy, ultimately supporting its overall health and efficiency. The mechanics of DEX trading rely on liquidity pools created by individual users who contribute tokens to facilitate trades. Currently, HONEY has around $450,000 in on-chain liquidity, primarily on Solana's Orca DEX. In contrast, other decentralized physical infrastructure tokens on Solana boast over $3 million in liquidity, highlighting the need for HONEY to bolster its liquidity to avoid excessive volatility and inefficiencies in the market. Liquidity providers earn fees based on their contributions, but they also face risks such as impermanent loss, which can deter participation. To counteract this, some projects offer incentives comparable to staking yields to encourage liquidity provision. The proposed liquidity vault will be an experimental program lasting a minimum of three months, with rewards for liquidity providers varying based on their contributions. If approved, the vault is expected to launch in November, in collaboration with partners from the Solana ecosystem. Educational sessions will be held to inform community members about the benefits and risks of participating in the liquidity vault. The Hivemapper community is invited to engage in discussions and provide feedback on this proposal to ensure the network continues to evolve effectively toward its goal of creating the world's freshest map.

The world is rapidly transitioning towards a cashless future, with digital wallets at the forefront of this evolution. In countries like Sweden, cash transactions are becoming nearly obsolete, and globally, digital wallets facilitated an impressive $13.9 trillion in transactions in 2023. Experts predict that by 2027, almost half of all payments worldwide will be made using digital wallets. This shift is not merely a trend; it signifies a fundamental change in how we perceive money and conduct transactions, with smartphones increasingly serving as our primary payment method. The modern wallet has transformed from a physical leather bifold to a digital app on our smartphones, housing everything from credit cards to cryptocurrencies. The convenience of digital wallets is a significant draw, allowing users to complete transactions with a simple tap, split bills effortlessly, and enjoy frictionless online shopping experiences. Additionally, digital wallets provide enhanced security through advanced encryption and biometric authentication, making them a safer alternative to carrying cash. Users also benefit from features like expense tracking and budgeting tools, which can greatly aid personal finance management. Despite the advantages, the transition to a cashless society presents challenges, including concerns about privacy and the digital divide. As digital transactions become more prevalent, there is a risk of marginalizing individuals without access to technology. To address these issues, digital wallet providers are implementing stricter data protection measures and developing simplified systems for those less familiar with technology. The future of payments is undoubtedly digital, with innovations such as biometric payments and cryptocurrencies poised to further reshape our financial landscape. As we embrace this cashless world, the benefits of convenience, security, and financial management are clear, signaling a significant shift in our interaction with money.