Latest DePIN Funding News

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.

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.

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.

The cryptocurrency markets have shown signs of recovery over the past month, with Bitcoin experiencing a significant rise of over 8,500 points, moving from $63,327 to $73,315. However, the DePIN sector has not mirrored this positive trend, as it has seen a decline of 8.7% during the same period, according to data from Artemis Terminal. This positions DePIN as one of the weakest performers among various sectors, despite its critical role in connecting Web3 with the real world. Analysts from BeInCrypto have identified five DePIN tokens that may have the potential to outperform the market in November, providing insights into their short-term support and resistance levels. Among the tokens analyzed, Bittensor ($TAO) has experienced a 15.21% drop, currently trading at $497.86. Analysts suggest that this decline presents a buying opportunity, considering its all-time high was near $800. The price is currently below the 20-day exponential moving average but above the 50-day average, with a target price of approximately $681.85 for November. Similarly, Filecoin ($FIL) is priced at $3.66, down 6.45%, with potential resistance at $3.85 and a target price of $4.29. JasmyCoin ($JASMY) and Livepeer ($LPT) have also faced declines of 17.04% and 24.07%, respectively, indicating the volatility within the sector. Lastly, Grass ($GRASS), which is still in its price discovery phase, is currently priced at $1.05. Analysts anticipate a potential rise to $2 as the altcoin market evolves. However, investors are cautioned to conduct their own research (DYOR) before engaging in trading, especially given the risks associated with the cryptocurrency market. This article serves as a reference and should not be construed as investment advice, emphasizing the need for caution in investment decisions.

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.

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.

Titan Network, a pioneering digital resource network, has successfully completed its seed round fundraising, led by Arrington Capital, with participation from DePINX and other notable investors. The primary goal of Titan Network is to create a comprehensive digital resource network that efficiently matches idle community resources with global demand, particularly in the DePIN (Decentralized Physical Infrastructure Networks) market. By developing a universal DePIN cloud service platform, Titan Network allows community members to contribute their idle hardware resources—such as computing power, storage, and bandwidth—while ensuring they are rewarded through built-in economic incentive mechanisms. This innovative approach aims to provide advanced, reliable, and high-quality cloud solutions for end users, positioning Titan Network as a decentralized alternative to traditional cloud services like AWS. The seed round, which will accelerate preparations for Titan Network's mainnet launch, has garnered significant attention due to the credibility of its lead investor, Arrington Capital. Founded in 2017, Arrington Capital has invested in over 200 startups within the crypto ecosystem, managing assets exceeding $1 billion. Another participant, DePINX, based in Singapore, manages $100 million in assets and boasts a team with experience from leading firms in the blockchain space. The funds raised will support key initiatives such as mainnet development, code auditing, community building, and marketing efforts, ensuring a robust launch for Titan Network. Since March 2024, Titan Network has successfully executed three rounds of testnets, deploying over 1 million nodes across more than 100 countries, validating its technical capabilities. Looking ahead, Titan Network plans to enhance the security of its multi-level containers and optimize products like Titan Storage and Titan Container for better user experience. To promote transparency, multiple smart contracts will be released, allowing for public visibility of resource interactions on the blockchain. Titan Network is also expanding its global team and invites interested candidates to apply, as it continues to advance the future of decentralized networks.

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.

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.