Latest DePIN News

SingularityNET, an AI platform developer, and the Filecoin Foundation have announced a partnership to integrate AI and decentralized physical infrastructure networks while maintaining decentralization, AI ethics, and data provenance. The collaboration will establish an AI ethics working group to ensure ethical AI development and deployment. The partnership has objectives across different timelines, including using Filecoin's Lighthouse SDK for metadata storage and integrating Filecoin's technology stack into SingularityNET for improved security and AI-generated data storage infrastructure. In the long term, the collaboration aims to use Filecoin to manage Knowledge Graphs, essential to SingularityNET's Knowledge Layer initiative. Both the ASI token and the Filecoin (FIL) token will be used in the partnership.

Roam, a DePIN project, has reported significant growth in June, with over 464,000 active app users and 333,000 deployed nodes worldwide. The project has achieved over 321.6 million Roam Points for conversion to $ROAM tokens post-TGE. Roam's community engagement is evident through the Roam x OKX Wallet Giveaway event, which attracted over 100,000 participants. The project has also launched on the Solana Mobile dApp store, integrating with the world's most Web3-focused phone, the Saga phone, to provide faster load times and superior connectivity. Roam has partnered with APhone cloud devices and Coral App to enhance WiFi roaming and introduce Roam miners for new connectivity and earning opportunities. MetaBlox Labs, the developer of Roam, has been recognized by the Wireless Broadband Alliance as a Certified Access Network Provider for OpenRoaming™, reflecting Roam's commitment to seamless and secure WiFi access.

Despite skepticism, blockchain technology is being harnessed to empower everyday people through decentralized finance (DeFi) and traditional finance (TradFi) integration. On The Agenda podcast, John Wingate of BankSocial and Azeem Khan of Morph discuss their efforts to bridge the gap between these financial systems. BankSocial, founded by Wingate, aims to create user-centric financial products for credit unions, which are member-owned banks that align with the ethos of decentralized economy. Wingate believes that combining DeFi and TradFi can provide a harmonious platform for regulated financial institutions to access the ownership economy. Meanwhile, Morph, co-founded by Khan, is an Ethereum layer 2 solution focused on 'crypto-for-good activities,' targeting emerging markets and promoting decentralized science. Khan emphasizes the importance of using blockchain to empower people globally, particularly in developing regions where traditional financial systems are less accessible.

Up Mobile, a Web3 smartphone set to launch in 2024, integrates AI and blockchain technology, offering a user experience free from the restrictions imposed by Apple and Google's app stores. Developed by Up Network in collaboration with Movement Labs, the device ensures heightened security and privacy through the Move language, which was initially created by Facebook. With over 10,000 people on the waiting list and plans to distribute 100,000 units by year-end, Up Mobile is poised for rapid adoption. The smartphone's AI capabilities are utilized for creating unique digital identifiers using biometric data without compromising user privacy, and it integrates local language models for daily task assistance. Meanwhile, the Solana Saga, another Web3 smartphone, is set to release its second version in 2024, featuring an integrated crypto-wallet and a 'dApp store' for Web3 applications.

Decentralized physical infrastructure networks, or DePINs, are rapidly expanding in the blockchain industry. With over 1300 projects and growing, DePINs are transforming various sectors by incentivizing individuals to contribute resources and data. From health tracking rings to WiFi hotspots, browser extensions, and vehicle monitoring devices, DePINs offer innovative ways for users to earn rewards while providing valuable services and data. The new generation of DePINs is focusing on demand-led growth, lowering barriers to entry for contributors, leveraging speculation, and maintaining centralized control during the early stages of development. Projects like Spexi, Natix, and 3DOS are examples of how DePINs are evolving to build sustainable and impactful networks. As the DePIN industry continues to mature, we can expect even more innovation and positive real-world impact from these decentralized infrastructure projects.

Decentralized physical infrastructure networks (DePin) are gaining traction with innovative projects in telecommunications, GPUs, and IoT devices. Projects like io.net, Helium, and Akash Network have shown significant fee generation, attracting investors and analysts. Despite token price struggles, the DePin ecosystem thrives on token rewards and network growth, attracting developers and users. Notable projects include Nodle Network with 780,000 devices and Grass with 2 million users, indicating a promising future for DePin despite market fluctuations.

Decentralized physical infrastructure networks (DePINs) are becoming increasingly prevalent, with over 1300 projects in the space. These networks leverage blockchain technology to incentivize individuals to contribute resources such as data, connectivity, and computing power. The new generation of DePINs is focusing on being demand-led, securing demand contracts early on and building out supply in a targeted manner. They are also lowering barriers to entry by utilizing existing hardware and tapping into everyday activities. Additionally, they are leaning into speculation by using points as a mechanism to account for contributor contributions, providing more flexibility and time to gather data before finalizing token economics.

The DePIN Alliance Yacht Party, hosted by U2U Network, Chain Capital, and JDI Ventures, celebrated the launch of an initiative to address global infrastructure challenges with decentralized technology. The event brought together leaders from various blockchain and tech companies, signaling the official establishment of the DePIN Alliance. This alliance aims to create infrastructure networks that are robust, accessible, and promote sustainable development. With a council including top venture capital investors and DePIN projects, the Alliance is set to expand its membership and launch collaborative projects, demonstrating the practicality of DePIN solutions for a technologically advanced and sustainable infrastructure development.

The cryptocurrency market is currently experiencing a lull, but savvy investors can find opportunities amidst the increased selling pressures. New tokens like MVL and Pepe Unchained offer affordable entry points. MVL uses blockchain to innovate in the mobility sector by creating a unified ecosystem for seamless recording, tracking, and verification of interactions. It has formed strategic partnerships to strengthen its ecosystem, including collaborations with IoTeX, Yuliverse, and Moonringai. Pepe Unchained, on the other hand, aims to enhance the utility of meme coins by offering an Ethereum-based Layer 2 solution for improved transaction efficiency.

Decentralized Physical Infrastructure Networks (DePin) are revolutionizing technology by facilitating decentralized initiatives in real-world infrastructure. Nuklai has partnered with Filecoin to archive global data, enhancing AI capabilities with comprehensive data insights. The collaboration will leverage Lighthouse Storage's solution for efficient data storage on Filecoin's decentralized network. Meanwhile, the Opentensor Foundation has outlined post-hack recovery plans following a security breach that led to a loss of 32,000 TAO tokens valued at approximately $8 million. Lastly, Silencio, a decentralized app combating noise pollution, has reached a milestone of 5 million check-ins, utilizing a community-driven approach on the PEAQ blockchain.