Latest DePIN Funding News

Stratos Jets, a private jet franchise based in Florida, has recently announced a partnership with BitPay, a prominent cryptocurrency payments provider. This collaboration, revealed on December 3, aims to facilitate cryptocurrency payments for private charter flights, reflecting the growing acceptance of digital currencies in various sectors. As the market for cryptocurrencies continues to gain momentum, particularly with increasing regulatory clarity, Stratos Jets is positioning itself to cater to a clientele that values innovative payment solutions. The integration of BitPay's services will allow Stratos Jets' customers to pay for their flights using Bitcoin, Ethereum, and over 100 other cryptocurrencies. This move not only enhances the payment options available to clients but also promises lower transaction fees and faster processing times. To incentivize the adoption of these new payment methods, Stratos Jets is offering up to a 5% discount for customers who choose to pay with supported cryptocurrencies throughout December 2024. This strategic decision underscores the company's commitment to adapting to the evolving financial landscape. Joel Thomas, the CEO of Stratos Jets, emphasized the importance of this integration, stating that it enriches their service offerings and provides a secure and seamless payment experience for clients. By partnering with BitPay, Stratos Jets aims to reach a broader audience, catering to those who appreciate luxury travel and cutting-edge payment solutions. This initiative marks a significant step towards embracing the future of finance within the private aviation industry, aligning with the broader trend of cryptocurrency adoption in everyday transactions.

In a significant development for the AI Creator Economy, io.net has announced a strategic partnership with CreatorBid, a platform specializing in AI-driven tools for creators and brands. This collaboration will allow CreatorBid to utilize io.net's decentralized GPU network, enhancing the scalability and efficiency of its image and video models. By leveraging this decentralized infrastructure, CreatorBid aims to optimize resource utilization while minimizing costs, making high-performance computing more accessible for businesses engaged in AI technology. Tausif Ahmed, VP of Business Development at io.net, emphasized the advantages of this partnership, stating that it enables CreatorBid to harness their decentralized GPU network for advanced AI solutions. CreatorBid's CEO, Phil Kothe, echoed this sentiment, highlighting the potential of scalable GPU resources to empower AI Influencers and Agents. This partnership is set to revolutionize content creation, as it allows creators to engage audiences and produce diverse content formats autonomously, paving the way for a new era in digital entrepreneurship. CreatorBid is at the forefront of the AI Creator Economy, providing tools that enable creators to monetize their content and build vibrant communities around AI Agents. These customizable digital personas facilitate engagement and interaction, fostering co-ownership among creators and fans. By integrating cutting-edge AI tools with blockchain technology, CreatorBid is redefining the creator landscape and positioning itself as a key player in the transition towards an autonomous Creator Economy. The partnership with io.net not only showcases the practical applications of decentralized GPU networks but also accelerates CreatorBid's vision for an AI-driven future in content creation and branding.

As the year draws to a close, InFlux Technologies has been busy with significant developments in November. One of the most notable events was the acquisition of FluxRunner, a managed WordPress hosting service that has quickly gained popularity on FluxCloud since its launch. This service is designed to enhance website performance for WordPress users, offering fast page-loading speeds and optimal uptime. With this acquisition, InFlux aims to integrate FluxRunner with other ecosystem components like FluxDrive and Flux IFPS, providing a comprehensive toolkit for WordPress website owners to optimize their online presence. In addition to the acquisition, InFlux Technologies has forged new partnerships to expand its capabilities. Noteworthy among these is the collaboration with Mizzle, a no-code DevOps platform that simplifies server management for developers. This partnership will enable Flux to provide decentralized computing resources and ensure optimal performance for Mizzle's infrastructure. Furthermore, FluxLabs has partnered with Telestai, a decentralized social media platform, to enhance digital identity tools. Another partnership with SimpleX allows FluxCloud to operate as a network operator for a privacy-focused messaging platform, enhancing user privacy and transparency. November also marked the launch of the highly anticipated Flux book, authored by CEO Daniel Keller. Titled "Decentralizing the Future: The Rise of Flux, Web3, and DePIN," the book explores Flux's unique position in the evolving landscape of Web3 and decentralized physical infrastructure networks (DePIN). The book is available in two tiers, including a limited founder package that features exclusive items. Alongside these developments, new functionalities were introduced in Zelcore, and new trading pairs for $FLUX were listed on various exchanges, further solidifying InFlux Technologies' commitment to innovation in the decentralized internet space.

DRIFE, a decentralized ride-hailing application operating on the Sui Blockchain, has announced a significant collaboration with CoinList, a platform known for token launches. This partnership aims to introduce the incentivized testnet for DRIFE's Share2Earn location data campaign. Users participating in this initiative will have the opportunity to earn digital tokens by sharing their location data while commuting through the DRIFE app. The reward system is designed to be dynamic, tracking contributions based on leaderboard standings, thus fostering community engagement and participation in the development of the platform. The collaboration between DRIFE and CoinList is a strategic move to test the Share2Earn campaign before its public rollout. This initiative not only emphasizes the importance of decentralization and community involvement but also highlights DRIFE's commitment to transparency and user empowerment. By allowing users to earn rewards while contributing to the platform's development, DRIFE aims to enhance location-based services and improve overall service quality through community feedback. Firdosh Sheikh, the Founder and CEO of DRIFE, expressed that this collaboration validates their vision for a decentralized ride-hailing ecosystem, empowering the community to shape the future of transportation. The reward tokens, which will be available on the SUI chain, will be claimable post-token generation event (TGE) with a structured unlock period. However, participation is restricted for individuals from certain jurisdictions, including the UAE, Pakistan, Russia, China, and the US, due to regulatory compliance requirements. DRIFE's goal is to disrupt traditional business models by eliminating corporate intermediaries and empowering drivers, riders, and community developers through blockchain technology.

As November comes to a close and December 2024 approaches, investors are increasingly focusing on portfolio rebalancing and exploring new altcoin opportunities. The Decentralized Physical Infrastructure Network (DePIN) narrative is gaining traction, making it a significant sector to monitor. BeInCrypto has highlighted five top DePIN altcoins to watch in December, including Filecoin (FIL), Arweave (AR), Grass (GRASS), io.net (IO), and NetMind Token (NMT). Filecoin (FIL) leads the pack with a market capitalization of $3.44 billion. Despite experiencing a decline in value during the second and third quarters, Filecoin has rebounded strongly, with a 56.22% price increase over the last month. Currently, the price momentum is positive, suggesting potential growth to $6.50 in early December. However, if the momentum shifts bearish, it could drop to $4.96. Arweave (AR) follows closely, having increased by 20.98% in the past week, currently priced at $21.13. The altcoin is facing resistance at $22.05, but if it breaks through, it could reach $24.57. Grass (GRASS) has made headlines with a remarkable 300% increase in October, now priced at $3.48. If it maintains its bullish trend, it may surpass $3.90 and potentially reach $5. io.net (IO), known for being the largest decentralized AI computing network, has seen a 65.13% price increase, currently trading at $2.93. If the bullish trend continues, it could exceed $4. Lastly, NetMind Token (NMT) has surged by 76.10% recently, currently priced at $3.76, with a potential rise above $5 in December if bullish momentum persists. However, profit-taking could lead to a decrease to $2.72. Investors should remain vigilant as market conditions are subject to rapid changes.

In a significant development within the blockchain and AI sectors, Stratos has announced a strategic partnership with Tatsu, a pioneering decentralized AI crypto project operating within the Bittensor network and TAO ecosystem. Tatsu has made remarkable strides in decentralized identity verification, leveraging advanced metrics such as GitHub activity and cryptocurrency balances to create a unique human score. This innovative approach enhances verification processes, making them more reliable and efficient in the decentralized landscape. With the upcoming launch of Tatsu Identity 2.0 and a new Document Understanding subnet, Tatsu is set to redefine the capabilities of decentralized AI. The partnership will see Tatsu integrate Stratos’s decentralized storage solutions, which will significantly bolster their data management and security protocols. This collaboration is not just a merger of technologies but a fusion of expertise aimed at pushing the boundaries of what is possible in the decentralized space. By utilizing Stratos’ robust infrastructure, Tatsu can enhance its offerings and ensure that its identity verification processes are both secure and efficient. This synergy is expected to foster innovation and growth within the TAO ecosystem, opening doors to new applications for Tatsu’s advanced technology. As both companies embark on this journey together, the implications for the blockchain community are substantial. The integration of decentralized storage with cutting-edge AI solutions could lead to transformative changes in how identity verification is conducted in various sectors. This partnership exemplifies the potential of combining decentralized technologies with AI to create more secure, efficient, and innovative solutions, setting a precedent for future collaborations in the blockchain space.

Donald Trump’s team is reportedly exploring a cryptocurrency policy role, indicating a potential shift towards a more crypto-friendly environment in Washington. Trump's advocacy for a national Bitcoin stockpile and his criticism of SEC crackdowns have energized investors, sparking interest in low-cap cryptocurrencies such as Arweave (AR), Immutable (IMX), and Rollblock (RBLK). These emerging tokens are gaining traction as investors seek substantial returns in an evolving crypto landscape, moving beyond traditional investment options. Arweave (AR) has shown remarkable resilience, rebounding from a low of $3.70 in October 2023 to $40 in August 2024, following its acquisition of the Odysee social media platform. Despite fluctuations, Arweave has experienced a 22% increase in the past week and a staggering 186% rise over the year, positioning it as a strong contender in the market. Analysts predict that by 2025, Arweave's price could average $45, with potential highs of $70 under favorable conditions. However, cautious investors note that weaker performance could limit its price to around $20. Immutable has partnered with Altura, committing $5 million to enhance web3 gaming infrastructure, integrating its Passport and Checkout tools into Altura's projects. Currently trading at $1.81, Immutable has seen a 35% increase since mid-November, with projections suggesting it could reach $5 by Q1 2025. Meanwhile, Rollblock, a regulated blockchain-powered GambleFi platform, has raised $5.9 million to address transparency issues in the gambling industry. With a growing user base and a unique revenue-sharing system, Rollblock is poised for significant growth, making its $RBLK token an attractive investment option as it continues to innovate in the gambling space.

The Hivemapper Foundation has recently formed a strategic partnership with Kamino and Jito Labs to launch the HONEY-JitoSOL liquidity treasury incentive plan. This initiative comes at a time when many investors in the cryptocurrency market are still engaged in zero-sum games, while decentralized physical infrastructure networks (DePIN) are paving new avenues for value creation. The rapid advancement of Web3 technology is facilitating a deep integration of DePIN and decentralized finance (DeFi), which is reshaping the blockchain industry's landscape. This integration promises to enhance the liquidity of physical assets and foster substantial innovation across the blockchain ecosystem. Hivemapper, a decentralized mapping network operating on the Solana blockchain, has made significant strides since its inception in November 2022, mapping 29% of the world’s roads within two years. Utilizing innovative “Bee” dashcam devices and AI technology, Hivemapper captures over 28 million kilometers of street-level imagery monthly, outpacing Google Street View by five times. The project has garnered investments from notable institutions, including A16Z and Binance, and has established partnerships with global mapping giants. The HONEY token incentivizes user participation in data collection, addressing challenges in developing high-precision maps through a unique AI+DePIN model. The newly launched liquidity solution on the Orca trading platform offers up to $17,000 in rewards for HONEY token liquidity providers. It features automated transaction fee income, smart rebalancing, and professional analysis tools to help users navigate risks. The market response has been overwhelmingly positive, with the HONEY-JITOSOL liquidity pool achieving a Boosted APY of 36.02% and a total value locked (TVL) exceeding $500,000 shortly after launch. This innovative cooperation not only highlights the potential of integrating DePIN with DeFi but also sets a precedent for future developments in the blockchain space, demonstrating how decentralized finance can empower the real economy and create new opportunities for users.

Blockmate Ventures Inc. has announced a strategic partnership between its investee Hivello Holdings Ltd and XYO, a leader in Decentralized Physical Infrastructure Networks (DePIN). This collaboration aims to enhance the reach of the Hivello app while providing additional passive income opportunities for users within the XYO network. XYO operates a vast network of 8 million nodes across over 150 countries, allowing users to earn passive income through their COIN app. Hivello, which recently launched its desktop app, enables users to monetize their unused computing power, thereby creating a synergistic relationship that benefits both platforms. The partnership between Hivello and XYO is designed to empower users, particularly in emerging markets, by simplifying the process of earning income through decentralized networks. By integrating Hivello's user-friendly desktop interface with XYO's mobile ecosystem, users can easily turn idle resources into income, whether by contributing geographical data or utilizing computing power. This initiative not only aims to increase user engagement but also to provide a seamless experience for those looking to participate in the decentralized economy without facing technical barriers. Justin Rosenberg, CEO of Blockmate Ventures, expressed enthusiasm about the partnership, highlighting the potential for Hivello to expand its user base and enhance its offerings. Both companies share a vision of creating economic opportunities for individuals in developing regions, thus contributing to a more inclusive digital economy. As they work together, Hivello and XYO are set to unlock new earning potentials for users globally, reinforcing their commitment to decentralization and the transformative power of blockchain technology.

This week, decentralized distributed GPU resource platform io.net announced a strategic partnership with OpenLedger, a data blockchain specifically designed for artificial intelligence (AI). This collaboration will enable OpenLedger to utilize io.net's global GPU compute resources, enhancing its ability to refine and train AI models. Known as the Internet of GPUs, io.net provides a powerful network of distributed GPU resources, allowing OpenLedger to accelerate the development of its AI models and empowering developers to create more efficient AI-based decentralized applications (DApps). According to Tausif Ahmad, Vice President of Business Development at io.net, this partnership will provide OpenLedger with a reliable infrastructure to scale its AI models and unlock new use cases, reinforcing its position as an innovative provider in the decentralized AI space. In addition to providing GPU resources, io.net's infrastructure will support the inference and hosting of AI models, ensuring optimal performance and scalability. This partnership is expected to enhance OpenLedger's reputation as a leading provider of reliable datasets, fueling innovation at the intersection of blockchain and AI. The collaboration aims to create high-quality data securely and efficiently while driving innovation and performance. A team member from OpenLedger emphasized that leveraging io.net's GPU infrastructure will allow users to fine-tune AI models more efficiently, ultimately leading to the development of trustworthy and explainable AI models. A significant factor in OpenLedger's choice of io.net as its GPU resource provider is the cost-effective and scalable compute solutions offered. This partnership will enable OpenLedger to expand its services without the constraints of high costs associated with centralized cloud providers. By processing larger datasets and developing AI models with unprecedented efficiency, OpenLedger aims to push the boundaries of decentralized AI innovation. Ultimately, this partnership aligns with OpenLedger's mission to foster an open, collaborative data environment while promoting the adoption of blockchain-powered AI solutions.