Latest DePIN Funding News

IoTeX has launched its much-anticipated DePIN initiative, Get Goated Season 2, which offers participants the chance to earn a share of 100 million IOTX tokens and 100,000 worth of NUBI tokens. This campaign is touted as the largest DePIN incentives program in history, encouraging users to engage with various decentralized finance (DeFi) projects and contribute to the advancement of the DePIN revolution. Participants can join by connecting their wallets, completing initial tasks, and engaging with the IoTeX ecosystem, which includes acquiring IOTX tokens, staking, and interacting with DeFi applications. To kick off their participation, users must visit the Get Goated Season 2 campaign page, connect their wallets, and complete a series of introductory tasks. These tasks are designed to familiarize participants with the IoTeX ecosystem, such as adding the IoTeX Network to their wallets and joining the IoTeX community on social media platforms. Additionally, Nubila has introduced a campaign on Galxe, where participants can earn rewards by completing specific tasks, including obtaining NFTs and referring friends. This dual approach not only incentivizes participation but also fosters community engagement within the growing IoTeX network. Nubila, the organization behind this initiative, is focused on building a decentralized environmental data network. By collecting real-time weather data through decentralized stations and utilizing AI for actionable insights, Nubila aims to create an environmental data oracle that promotes sustainability and addresses climate change. As participants engage with the Get Goated Season 2 campaign, they are not only rewarded with tokens but also contribute to a larger mission of leveraging blockchain technology for real-world impact. Now is the time to get involved and make a difference in the evolving landscape of decentralized technologies.

In a vibrant push towards innovation in the intersection of data, AI, and cryptocurrency, a group of builders is gearing up to engage with the community in Bangkok this month. They will be present at several key events, including the Filecoin FIL Dev Summit on November 11, Devcon from November 12 to 15, and Fluence’s DePIN Day on November 15. These gatherings are designed for builders, operators, and newcomers alike, providing a platform for networking and collaboration in the rapidly evolving Web3 landscape. The focus of these events is to foster connections among those interested in decentralized technologies. Attendees can expect to engage in discussions around various topics such as decentralized storage, verifiable data, and identity management. The organizers are particularly keen on promoting their private Telegram group, Proof of Data, which serves as a collaborative space for individuals tackling challenges within the Web3 data ecosystem. This initiative aims to create a community where participants can share insights and solutions related to data availability and synthetic data. As the Web3 ecosystem continues to grow, events like these are crucial for building relationships and sharing knowledge. By bringing together diverse stakeholders, from seasoned developers to curious learners, the gatherings in Bangkok promise to be a melting pot of ideas and innovations. Attendees are encouraged to connect with the team at DePIN Day for more information and to join the ongoing conversation in the Proof of Data community, ensuring that everyone has the opportunity to contribute to the future of decentralized technologies.

Filecoin (FIL) has demonstrated remarkable resilience by holding a crucial support level for nearly two years, currently positioned around $2.94. This stability sets the stage for a potential breakout, as analysts predict significant gains for the cryptocurrency. With the increasing demand for decentralized storage solutions, Filecoin's intrinsic value is further enhanced, making it a standout asset in the cryptocurrency market. Popular crypto analyst Ali Martinez has highlighted the bullish potential of FIL, suggesting that if it maintains its current trajectory, it could see a near-term price surge to $9.50, representing a 145% increase, and a long-term target of $30, which would signify a staggering 700% upside. Recent market activity indicates that Filecoin is experiencing notable growth, with a market cap of $2.45 billion and a 24-hour trading volume of $318 million. Technical indicators reveal a bullish trend, with the Relative Strength Index (RSI) climbing to approximately 64.8, suggesting strong buying interest. The increase in trading volume supports this uptrend, as high volume typically indicates investor conviction. Furthermore, data from Santiment shows a rise in social volume and community interest, which often correlates with bullish price movements, indicating that Filecoin is gaining traction among investors. As Filecoin continues to navigate its price dynamics, the $2.94 support level remains critical, with any pullbacks likely to attract strong buyer interest. The resistance zones at $9.50 and $30 are pivotal for future growth. A breach of the $9.50 level could catalyze a significant upward movement towards the $30 target, setting the stage for sustained growth in Filecoin's value as it capitalizes on the increasing demand for decentralized storage solutions.

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.

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.

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.

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.

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.

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.