Latest DePIN Mining News

Franklin Templeton has recognized the disruptive potential of DePin projects in traditional infrastructure sectors, with innovative token incentives. Among them, Uniswap (UNI), Ondo (ONDO), and Angry Pepe Fork (APORK) are highlighted for their potential growth. Uniswap recently reached a significant milestone with its Layer-2 volume, indicating increased demand and utility for the protocol. Ondo has integrated its UUSDY on Mantle, boosting its position in DeFi. Angry Pepe Fork introduces a unique 'Conquer to Earn' program, offering a gamified economic model for user participation. With a capped token supply and robust infrastructure on Solana, APORK presents an accessible entry point for investors, with bullish forecasts predicting significant price increases.

Solana is emerging as a hub for Decentralized Physical Infrastructure Network (DePin) projects, according to a report from Syndica. The report highlights various DePin projects in the Solana ecosystem, including decentralized GPU marketplaces, wireless technologies, and geospatial data solutions. In the Compute Data AI sector, platforms like io.net, Render, and Nosana are fostering a thriving microeconomy around computational resources. Render's technology was even integrated into Apple's latest iPad Pro, demonstrating the transformative potential of decentralized networks in digital content creation. Helium, another DePin project on Solana, has seen exponential growth in mobile hotspots deployment and subscriber numbers since migrating to the platform. Hivemapper has also recorded unprecedented demand for map data, highlighting the growing reliance on decentralized solutions for geospatial data. Despite some signs of slowing in the storage sector, the overall momentum of DePin projects on Solana remains strong, with the platform now home to category leaders representing a combined market cap of $4 billion.

Franklin Templeton's report, 'DePIN: Traction in Supply & Early Signs of Increasing Demand,' delves into the burgeoning Decentralized Physical Infrastructure Network (DePin) sector, which is shaking up traditional industries with innovative, token-based incentive models. Projects like Hivemapper and Helium are leading the charge, leveraging mass collaboration to map roads and build wireless networks more efficiently and cost-effectively than their centralized counterparts. Hivemapper, for instance, has mapped 21% of global roads with over 60,000 contributors in just 31 months. Helium has partnered with T-Mobile to expand its 5G network to 13,000 hotspots, offering an unlimited phone plan at a significantly lower cost than traditional providers. However, the report also highlights a critical need for increased consumer demand to ensure the long-term sustainability of DePin projects, as the supply of such services has outpaced demand. With the market capitalization of DePin projects at $47 billion and the recent token listings of Aethir and io.net, there is potential for growth, but attracting a broader user base remains key.

Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the technological landscape. DePIN projects, which combine blockchain with physical infrastructure, are set to transform resource management and information processing in 2024. Here's a look at the top AI & DePIN projects to watch this year: DePIN projects integrate digital blockchain capabilities with physical infrastructures like data storage and power grids. They aim to disrupt sectors traditionally controlled by central authorities. Notable projects include: - **Filecoin (FIL)**: A decentralized storage network where users can rent out space for filecoin tokens. With over 1.7 billion EiB of data stored, Filecoin has introduced smart contracts through the Filecoin Virtual Machine (FVM). - **Helium (HNT)**: A decentralized wireless network for IoT devices, using a Proof of Coverage consensus algorithm. It incentivizes network coverage through HNT tokens. - **Akash Network (AKT)**: An open-source cloud computing platform connecting server owners with users needing cloud resources, operating on the Tendermint blockchain. - **NEAR Protocol**: A community-powered cloud platform with high transaction speeds, simplifying developer experiences with intuitive features. - **Arweave (AR)**: Known as 'the permaweb,' Arweave offers indefinite data storage through its blockweave technology. - **Theta Network (THETA)**: A blockchain-based video streaming network where users earn tokens by sharing bandwidth and compute resources. - **Render Network (RNDR)**: A decentralized GPU network for 3D rendering, connecting node operators with artists and developers. - **Node AI (GPU)**: Provides access to GPU and AI technologies, allowing users to participate in the AI ecosystem. - **Streamr (DATA)**: A decentralized data exchange for real-time data transactions, incentivizing data providers and consumers. - **Bittensor (TAO)**: Combines blockchain with machine learning, incentivizing nodes for AI calculations and governance. DePIN projects enhance security, scalability, and efficiency by connecting physical assets with blockchain technology. This integration forms a robust ecosystem with three layers: physical infrastructure, middleware, and the blockchain itself. The future of DePIN looks bright, with a growing market size and potential applications in various sectors. Investments in DePIN projects like Helium are considered promising for 2024. However, it's crucial to conduct thorough research before investing in any cryptocurrency project.

Aethir, a Decentralized public infrastructure network, has launched its cloud network on the Ethereum mainnet, enabling data centers and crypto mining firms to contribute idle GPU resources. The platform serves AI companies, gaming studios, and operates across Southeast Asia, Latin America, and North America. Aethir has reached a $150 million valuation after a pre-funding round and introduced a staking program for users to grow its distributed GPU network, offering rewards from gaming and AI partners.

Evire, a new blockchain project, is creating a digital ecosystem where AI, gaming, Real-World Assets (RWA), and Decentralized Physical Infrastructure Networks (DePIN) converge seamlessly. The platform provides specialized frameworks for developers to create secure and efficient dApps tailored to these domains. With native support for off-chain computation, decentralized storage, and smart contract libraries, Evire ensures high scalability and low costs for large-scale applications. The project's open-source approach allows developers to contribute to its ongoing development. Evire's roadmap includes the launch of the mainnet and continuous growth, developer support, and innovation. The alpha testnet provides a live environment for developers to test the platform's frameworks and their own dApps.

Avalanche (AVAX) is on a bullish run, aiming to break the $60 resistance level, while Filecoin (FIL) is expanding its ecosystem with the innovative FilOz team. Meanwhile, BlockDAG (BDAG) is making significant strides with a 1000% increase in its presale price, raising $46.8 million from over 11.2 billion coins sold. Crypto analysts predict BDAG could reach $1 in 2024, $10 by 2025, $20 by 2027, and $30 by 2030. The X100 miner, with its 2 TH/s hash rate and energy-efficient design, is a key driver of BlockDAG's success, offering profitability and scalability for miners. As the crypto market evolves, BlockDAG's technological advancements and community engagement position it as a top-performing investment opportunity.

Aethir, a decentralized GPU-as-a-Service platform, has been analyzed in a new report by Mythos Research and CMC Research. The report delves into Aethir's technology, partnerships, and market position in Decentralized Physical Infrastructure Networks (DePIN). Aethir aims to connect GPU providers with consumers in AI, gaming, and virtual computing. It boasts a $24 million GPU infrastructure across 13 countries, serving as a marketplace for aggregated GPU resources. The platform's diverse network allows for efficient pooling and utilization of distributed computing resources, highlighting its potential in the decentralized infrastructure market.

Aethir is advancing in decentralized physical infrastructure with AI and machine learning, announcing a partnership with GAM3S.GG for enhanced gaming experience. Aethir Edge has distributed over 66,000 Checker Nodes, utilizing idle GPU power for earning $ATH tokens. The company aims to address the global GPU scarcity by aggregating and redistributing resources, potentially increasing global GPU compute availability. Aethir also hosted the 'AI Dinner Salon' at Consensus 2024, discussing decentralized AI's future.

IoTeX, a leading modular DePIN blockchain platform, is set to host a Demo Day for the first cohort of its DePIN Surf accelerator program on April 30, 2024. Launched in January 2024 with support from FutureMoneyGroup and ForesightX, the DePIN Surf accelerator is dedicated to supporting DePIN founders. DePIN, a technological paradigm, covers any web-3 application with a physical element, including edge-AI and virtual power plants. The first cohort, which was officially launched at the R3al World event at ETHDenver, features seven startups preparing for their Token Generation Event (TGE) and global launch. During the two-month program, founders receive a $50k investment and comprehensive support from the IoTeX core team and a group of elite mentors. The program includes workshops on raising series-A funding, DePIN tokenomics, and community management fundamentals, as well as presentations at global web-3 events. DePIN has been gaining traction in web-3 circles as a key to connecting the crypto industry with the global population of non-crypto natives who rely on reliable physical infrastructure. The number of DePIN projects has grown exponentially from less than a hundred in late 2022 to over a thousand at the time of writing. However, DePIN projects face challenges such as designing and executing hardware manufacturing and distribution, which can take several years, in addition to building the tech stack that includes firmware, middleware, and software. DePIN Surf provides these projects with the support they need. The projects presenting at the Demo Day include: - Inferix: A decentralized GPU computing platform for visual computing and AI inference, with a major market share in Southeast Asia, India, and other developing markets. - Wayru: The world's first DePIN to partner with the UN to tackle the global connectivity crisis, using blockchain and the $WAYRU token to incentivize hotspot deployment and management. - PowerPod: A decentralized EV charging network providing reliable and accessible charging solutions for electric vehicles worldwide. - Network3: A dedicated AI layer-2 providing services to AI developers, helping them train and validate models quickly and efficiently. - StarPower: An AI and Web3-powered global energy network connecting devices in energy generation, storage, and consumption scenarios. - ATOR: A privacy protocol creating a safer, private layer for the internet through its DePIN routing network and signature hardware and software SDK. - DePHY: A decentralized off-chain data messaging network designed to empower DePIN projects to deploy faster and cheaper. IoTeX is a modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains, enabling developers to integrate Web3 into everyday life through various innovations. With the launch of W3bstream, IoTeX has become a leading Decentralized Physical Infrastructure Network (DePIN) technology provider, connecting billions of smart devices, machines, and sensors across the physical and digital world.