Latest DePIN Funding News

This week, significant developments in the cryptocurrency space have captured investor attention, particularly the milestone of Bitcoin ETFs in the US surpassing 1 million BTC. This achievement signifies a growing acceptance of Bitcoin as a mainstream financial asset, with current holdings exceeding 1.18 million BTC, representing over 5.6% of the total supply. Notably, BlackRock's iShares Bitcoin Trust alone holds over 420,000 BTC. The surge in ETF holdings is seen as a positive indicator for Bitcoin's future, with analysts suggesting that a supply shock may be imminent as institutional interest continues to rise. In addition to the ETF news, major Q3 earnings reports from companies like Tether, MicroStrategy, and Robinhood have also drawn attention. Tether reported record profits exceeding $2.5 billion, while MicroStrategy announced a substantial capital-raising initiative to acquire more Bitcoin over the next three years. Robinhood's trading volume surged by 114% year-over-year, reflecting the heightened investor enthusiasm for cryptocurrencies. These developments not only highlight the financial health of these companies but also underscore the growing integration of cryptocurrency within traditional financial markets. However, the week was not without controversy, as allegations of insider trading surfaced against YouTube star MrBeast, claiming he profited significantly from undisclosed transactions. Meanwhile, concerns about potential market manipulation on Polymarket regarding betting odds for the 2024 presidential election were raised, with analyses suggesting that a significant portion of trading volume may have been artificially inflated. Additionally, a wave of layoffs across various crypto companies, including ConsenSys and Kraken, signals ongoing challenges within the industry. Despite these hurdles, the GRASS token's recent price surge following its airdrop event indicates that investor interest in innovative projects remains strong.

XYO, a decentralized physical infrastructure network (DePIN), has successfully bridged from Ethereum to Solana, marking a significant step in its mission to enhance cross-chain accessibility. As of October 31, the XYO token is now tradable against popular tokens such as Solana (SOL) and USD Coin (USDC) on Solana-native decentralized exchanges (DEXs) like Jupiter and Raydium. This move is aimed at leveraging Solana's high throughput, low transaction costs, and scalability, which are essential for the growing DeFi ecosystem. Markus Levin, co-founder of XYO, emphasized that this integration allows holders of Solana-based tokens to easily trade into and out of XYO, thus accessing its extensive DePIN data ecosystem. The XYO network operates over 8 million nodes across 150 countries, providing a robust infrastructure for verifying location and other real-world data for both Web2 and Web3 projects. DePINs are designed to decentralize various real-world infrastructures, including communications, data storage, and energy markets. According to a report by MV Global, DePINs are poised to become a significant use case in the crypto space, potentially onboarding millions of new users. The current ecosystem includes over 1,000 projects with a combined market capitalization exceeding $50 billion, highlighting the growing interest and investment in this sector. Solana's low median transaction fee of $0.00064 makes it an attractive platform for DePIN projects like XYO, Helium, and Render. Analysts believe that Solana's parallel processing architecture and low fees contribute to its appeal for future DePIN developments. With the anticipated Firedancer upgrade, experts expect Solana to further solidify its position as the preferred choice for upcoming DePIN projects, enhancing its infrastructure and user experience in the decentralized finance landscape.

Roam is revolutionizing global wireless connectivity by transitioning from a standalone DePIN (Decentralized Physical Infrastructure Network) project into a comprehensive public platform known as the "Telecom Data Layer". This transformation is aimed at creating a seamless and intelligent ecosystem that bridges people, devices, data, and AI. The Roam Telecom Data Layer comprises four core modules: Roam Network, Roam Growth, Roam Discovery, and Roam Community. Together, these modules form a Blockchain of Things (BoT) ecosystem that enhances network vitality and fosters global expansion. A standout feature of the Roam Network is its global open wireless network, which incentivizes users through tokens to contribute to network growth and node validation. This participation generates valuable geolocation and time-based data, forming the backbone of Roam's Telecom Data Layer. Users can easily engage with the network by downloading the Roam App, where they can add WiFi locations or check into existing nodes to earn Roam Points. Following the upcoming Token Generation Event (TGE), these points can be converted into $ROAM tokens, rewarding users for their contributions. Additionally, Roam offers specialized Roam Miner Router nodes that provide high-speed connectivity and blockchain mining capabilities, further driving decentralized infrastructure development. Roam also emphasizes seamless and secure connectivity through its WiFi nodes, which include OpenRoaming™ nodes and self-build nodes. These nodes allow users to connect effortlessly across networks, eliminating the need for repeated logins. The introduction of Roam eSIM enhances global roaming capabilities, allowing users to activate services without a physical SIM card while ensuring data security and affordability. By integrating blockchain technology with real-world infrastructure, Roam is set to reshape global network collaboration, empowering users and developers alike in a new era of connectivity.

Passive income is increasingly becoming a focal point for individuals looking to enhance their financial stability. One promising avenue is Decentralized Physical Infrastructure Networks (DePIN), which allows users to earn rewards through decentralized systems without significant initial investment. The primary objective of DePIN is to create a decentralized infrastructure that utilizes blockchain technology to support hardware services. This innovative approach not only facilitates income generation but also incentivizes participation through token rewards, making it an attractive option for those with limited capital. Among the various DePIN projects, @helium_mobile stands out as a rapidly expanding wireless network that rewards users for sharing their geolocation data with $MOBILE tokens. Users can potentially earn around $700 monthly by purchasing and installing a Helium HotSpot device. Similarly, @dawninternet offers a decentralized wireless network where users can earn approximately $150 per month by downloading an extension and creating an account. Another noteworthy project, @NodleNetwork, utilizes smartphones to provide services, allowing users to earn about $200 monthly by simply downloading an app and enabling Bluetooth. Additionally, @Hivemapper presents an opportunity to earn around $800 monthly through a decentralized mapping network by installing a camera in your vehicle. Other projects like @HivelloOfficial and @Gradient_HQ also offer substantial earning potential, with users able to earn $200 monthly by providing computer resources or participating in decentralized cloud computing. Overall, DePIN represents a promising sector for passive income, combining safety and minimal time investment, making it an appealing choice for aspiring earners in the blockchain space.

Animoca Brands, a leader in advancing digital property rights for gaming and the open metaverse, has announced a strategic partnership with GEODNET, a decentralized Real-Time Kinematics (RTK) network. This collaboration aims to enhance mixed-reality gaming and immersive experiences by integrating advanced location technology into consumer applications. As part of this partnership, Animoca Brands has also invested in GEODNET to support its growth within the Decentralized Physical Infrastructure Network (DePIN) community, which seeks to bridge the gap between the physical and virtual worlds through innovative location and mixed-reality technologies. The partnership will leverage Mocaverse, Animoca Brands' consumer network that features an interoperable infrastructure layer encompassing Account, Identity, Reputation, and PointFi systems. This collaboration is expected to facilitate network growth and explore precise location integration into various consumer applications within the Moca Network. Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm for GEODNET's ultra-precise location technology, which presents new possibilities for mobile and gaming experiences. He emphasized that the centimeter-level accuracy provided by GEODNET's DePIN of Satellite Miners will enable developers to create engaging mixed-reality applications that seamlessly blend digital and physical worlds. Furthermore, GEODNET has successfully passed a governance initiative (GIP4), which paves the way for Web3 mobile applications powered by its precise location technology. Described as a highly reliable Web3 RTK Network utilizing DePIN principles, GEODNET offers a significant improvement in position accuracy compared to standalone GPS, using only a low data rate network connection. Its global network of RTK stations complements on-device sensors like Cameras, LiDAR, and IMUs, thereby powering AI-based Autonomous Systems with accurate real-time 3D localization. Mocaverse aims to become the premier Web3 platform for consumers, enabling them to maximize their exposure to Web3 experiences and rewards, further solidifying Animoca Brands' commitment to establishing the open metaverse through its diverse portfolio of products.

As October 2024 comes to a close, the cryptocurrency market is buzzing with activity, particularly surrounding three altcoins that have captured significant attention. According to CoinGecko, RabBitcoin (RBTC), Department of Government Efficiency (DOGEETH), and Grass (GRASS) are the most searched altcoins today. The surge in interest for these cryptocurrencies is largely attributed to the upcoming U.S. presidential elections, with each coin exhibiting unique factors that investors should closely monitor. RabBitcoin (RBTC) continues to maintain its position as a trending altcoin, experiencing a notable 27% price increase over the past week, despite a slight 1.80% decrease in the last 24 hours. Analysts suggest that RBTC may be at a favorable accumulation point, particularly with a planned network launch on the horizon. As of now, RBTC is trading at $0.0000048, and its price movements indicate volatility, oscillating between swing highs and lows without establishing a clear trend. Meanwhile, the Department of Government Efficiency (DOGEETH) has emerged as a popular choice, primarily due to its association with Elon Musk's advocacy for a government department should Donald Trump win the presidency. DOGEETH has seen a remarkable 67% price increase in the last 24 hours, currently trading at $0.41. Its position above the 20 and 50-day Exponential Moving Averages suggests a bullish trend, although profit-taking could impact its future price trajectory. Lastly, Grass (GRASS) has also shown resilience, with a 34% increase in the last day, currently priced at $1.09. The bullish momentum indicated by the Awesome Oscillator suggests potential for further gains, provided it maintains support above $1.06.

io.net, a leading decentralized physical infrastructure network (dePIN) for GPU clusters, has announced a strategic partnership with GAIB, an economic layer focused on AI and compute. This collaboration aims to democratize access to GPU computing resources, enhancing innovation and accessibility. With GAIB already serving as a key GPU supplier to io.net, the partnership will expand to include initiatives in strategic marketing, community engagement, technical integration, and business development. Tausif Ahmed, VP of Business Development at io.net, emphasized the natural evolution of their relationship, stating that the combination of io.net's decentralized GPU infrastructure and GAIB's innovative approach to GPU tokenization will unlock new possibilities for both communities. The partnership will explore various synergies, including compute tokenization, joint marketing efforts, and coordinated business development initiatives to identify new market opportunities. Kony Kwong, CEO of GAIB, expressed excitement about the collaboration, highlighting their shared mission to make AI compute accessible to everyone. Both companies plan to leverage their expertise to execute initiatives that may include technology evaluations, deployment planning, and publicity campaigns. This partnership represents a significant advancement in making high-performance GPU computing more accessible and efficient, creating new opportunities for GPU owners to generate yield from their assets.

In the rapidly evolving landscape of cryptocurrency, several projects are emerging as frontrunners in innovation and utility. Ondo Finance, Immutable X, Filecoin, and Qubetics are at the forefront, each contributing unique solutions to the digital finance ecosystem. Ondo Finance is bridging traditional finance (TradFi) with decentralized finance (DeFi) through innovative products like tokenized lending and yield strategies, allowing both institutions and retail investors to safely engage with DeFi protocols. Meanwhile, Immutable X is revolutionizing the NFT and gaming sectors by offering fast, zero-fee transactions on a layer-2 solution, utilizing ZK-rollup technology to enhance scalability and reduce environmental impact. Filecoin, on the other hand, is decentralizing data storage, incentivizing users to provide storage capacity and transforming the cloud storage industry into a more secure and distributed model. Among these trailblazers, Qubetics ($TICS) is gaining significant attention due to its impressive presale performance and innovative wallet conversion mechanism. This feature allows users to make transactions using $TICS tokens, which are automatically converted to stablecoins like USDT or USDC, ensuring merchants receive a stable value, thus mitigating the volatility commonly associated with cryptocurrencies. With the presale now in phase 6 and over $1.55 million raised, analysts predict a potential price surge to $0.25 by the end of the presale, presenting an enticing opportunity for early investors. The projected ROI could reach as high as 1,322.9%, making Qubetics a compelling option for those looking to capitalize on the burgeoning crypto market. As blockchain technology continues to advance, the potential for projects like Ondo Finance, Immutable X, Filecoin, and Qubetics to reshape the financial landscape is immense. Each of these initiatives not only addresses specific challenges within their domains but also exemplifies the transformative power of blockchain. With Qubetics’ presale momentum building and analysts forecasting significant price increases, now is the time for investors to consider their positions in these groundbreaking projects. As the crypto market evolves, staying informed and seizing opportunities will be crucial for maximizing returns in this dynamic environment.

Nexo, a prominent player in the digital assets sector, has unveiled a significant rebranding and platform redesign on Bitcoin Whitepaper Day, marking its transition from a crypto lending pioneer to a comprehensive digital assets wealth platform. This evolution is driven by extensive client research involving 5,000 users across 23 countries, highlighting the growing demand for sophisticated digital asset solutions. The new platform features a refreshed logo, website, and user interface, aligning with Nexo's mission to empower investors in growing, preserving, and utilizing their wealth in an increasingly digital landscape. The rebranding reflects Nexo's commitment to adapting to the maturing crypto environment, where 65% of institutional investors and 72% of retail investors view digital assets as essential for wealth-building. Kosta Kantchev, Nexo's Co-founder and Executive Chairman, emphasized the company's 'Wealth Forward' philosophy, which aims to provide independent investors with smarter, flexible ways to manage their wealth. With over $320 billion in processed transactions and a robust business model, Nexo is well-positioned to lead the next generation of wealth in the digital asset space. Nexo's new visual identity symbolizes its focus on client prosperity and innovative solutions, integrating elements that represent human resilience and exponential growth. The platform's 360° product suite caters to the needs of high-net-worth individuals, offering flexible savings options, advanced crypto tools, and global access through the Nexo Card. As Nexo continues to evolve its offerings, the company is committed to ensuring compliance and security, solidifying its position as a leader in the digital assets wealth management sector, while providing tailored solutions and 24/7 client care to meet the demands of its discerning clientele.

Mawari Network, a pioneering entity in spatial computing and decentralized physical infrastructure networks (DePIN), has announced a limited node license sale aimed at enhancing its 3D streaming technology. This initiative is timely, as the market for extended reality devices is expected to exceed 100 million units in the next five years. By facilitating a global decentralized infrastructure, Mawari aims to meet the growing demand for immersive experiences, positioning itself as a key player in the burgeoning multibillion-dollar spatial computing sector. The node sale is designed to scale the network, optimize performance, and ensure resiliency in delivering immersive content. The Mawari Network is built to support the demanding requirements of immersive experiences, featuring a Spatial Streaming SDK compatible with popular game engines like Unity and Unreal. This SDK empowers developers to create seamless, engaging content. The network operates on a globally distributed system of GPU nodes, ensuring low latency and high performance. Luis Oscar Ramirez, the CEO and Founder of Mawari, emphasized that the node sale allows operators to contribute to the global 3D content ecosystem while being rewarded for their participation. This innovative approach addresses the limitations of current cloud services in scaling spatial streaming technology. Scheduled for Q4 2024, the node sale will focus on establishing Guardian Nodes that are essential for monitoring performance indicators such as latency and bandwidth. These nodes will ensure the network can handle multiple immersive experiences simultaneously while maintaining high-quality standards. Mawari's collaborations with industry giants like Deutsche Telekom and Netflix, along with backing from prominent investors, solidify its leadership in decentralized spatial computing. As Mawari continues to redefine the landscape of immersive content delivery, the upcoming node sale represents a significant step toward realizing its vision for a community-driven spatial computing future.