Latest DePIN News

The intersection of artificial intelligence and blockchain technology is witnessing significant growth, with platforms like the Artificial Superintelligence Alliance (FET) and GoodEgg (GEGG) leading the way. While FET has been pivotal in shaping decentralized AI frameworks, GoodEgg is making waves in the AI dating realm by integrating advanced algorithms into the dating scene. Investors from FET are taking notice of GoodEgg's innovative approach and adding it to their portfolios to diversify within the AI sector. **Artificial Superintelligence Alliance (FET) — The AI Powerhouse** The Artificial Superintelligence Alliance (FET) has been a driving force in innovation, uniting industry giants like SingularityNET, Fetch.ai, and Ocean Protocol in a decentralized AI network. Focused on advancing artificial general intelligence (AGI), the alliance utilizes blockchain for scalable and decentralized AI solutions. A recent move by FET involves a proposed merger with CUDOS, a decentralized physical infrastructure network platform, aiming to expand its reach and computational resources for AI services. This strategic merger underscores FET's commitment to AGI leadership and has garnered attention from investors seeking growth opportunities in the AI sector.

Taking place on September 16th at Hopscotch Bar Singapore, as part of TOKEN2049, this event is set to be a major highlight in the crypto community. The DePIN Alliance event, powered by U2U Network and JDI Ventures, promises a dynamic experience, featuring key figures from the blockchain industry. Attendees will hear from over 10 leading venture capital firms, managing portfolios of more than $1 billion. Notable names like JDI Ventures, Chain Capital, V3V Ventures, and Foresight Ventures will be speaking. These VCs are crucial players in the DePIN ecosystem, offering valuable insights into the future of blockchain technology and investments. Bringing DePIN, AI & IP to Singapore! This September in Singapore, get ready to dive into the future of blockchain at our exclusive side event during @token2049, the world’s biggest crypto gathering 🔥. Let’s see how we turn up the heat, more information will be revealed soon! pic.twitter.com/9Ima9M9ozc. The event will also spotlight more than 30 global founders and innovators, including companies like Owlto Finance and Orochi Network. These innovators are at the forefront of blockchain advancements and will share their visions for the future of digital assets. As a media partner for the event, Altcoin Buzz is excited to see how the DePIN Alliance will shape the future of blockchain technology. The focus on merging DePIN, AI, and IP into real-world assets (RWAs) is particularly intriguing. It’s a unique opportunity to see how these different fields intersect and drive innovation.

AirMoney is gearing up to introduce a groundbreaking product that will revolutionize how users interact with cryptocurrencies and the decentralized ecosystem. Set to launch on September 18, 2024, at the TOKEN2049 event in Singapore, the AirMoney Degn device is poised to be the world's first hardware device tailored for a DePIN (Decentralized Physical Infrastructure Network) environment. The AirMoney Degn Device transcends the conventional notion of crypto wallets, which primarily focus on secure storage. Instead, this innovative device establishes a new market category by offering an interactive, self-contained ecosystem that seamlessly integrates security and functionality. By incorporating features like gaming, trading, and node operation, among others, the AirMoney Degn device aims to elevate user engagement with the decentralized realm through hardware interaction.

The DePIN-EdgeAI protocol, Network3’s mining machine, N3 Edge V1, has gained significant traction with over 1,800 devices already on-chain. Following the rapid sellout of the initial batch of 3,000 devices on August 20, these devices are now operational in 185 countries. Network3's N3 Edge V1 marks a shift in the AI industry by promoting fairness and competitiveness, moving away from energy-intensive and specialized hardware typically associated with mining. This device encourages broader participation in crypto-mining by enabling everyday users to mine tokens using simple devices like smartphones or computers. Users of N3 Edge can earn rewards by sharing internet bandwidth, providing computational power, and contributing data from their devices. These contributions are converted into utility tokens, supporting network activities and on-chain operations. Network3's successful launch of N3 Edge signifies a significant step towards a more equitable digital economy and a technologically advanced decentralized future. **A Privacy And Performance Focused Dual Mining Machine** Network3's physical mining device, N3 Edge V1, stands out for its ability to mine IoTeX and Network3's native tokens simultaneously. This innovative machine allows users to enhance their N3E credit points and earn financial incentives, providing improved monetization opportunities. N3 Edge is a lightweight yet powerful mining device that seamlessly integrates with IoTeX's infrastructure, including W3bstream and ioID. Users can easily set up their N3 Edge devices by connecting to a power source and start mining two types of tokens. By combining DePIN and Edge AI in the mining machine, Network3 ensures that local data from edge devices is readily accessible. N3 Edge functions as a personalized cloud service, emphasizing privacy and decentralization. Users can host and manage their clouds at home with N3 Edge, reducing latency and enhancing control over data privacy. This device enables anyone to integrate Edge V1 into an existing network and compete directly with Tier 1 systems, offering a new dimension to personal cloud computing and AI training landscape. **Expanding Monetization Opportunities in Crypto x AI With N3 Edge V1** Priced at around $900, N3 Edge V1 boasts an estimated daily earning of $7.5, with a breakeven period of 120 days or 4 months. Network3's N3 Edge emerges as one of the most profitable DePIN devices in terms of Return on Investment (ROI), ranking first in daily earnings and third in total return speed on DePINscan. Beyond its financial performance, N3 Edge has become one of the pioneering DePIN protocols to fully integrate into DePINscan's expanded on-chain metrics. Users of N3 Edge can diversify their revenue streams and create new income sources by leveraging their home IoT devices, paving the way for novel approaches in decentralized data processing for the AI industry.

The Artificial Superintelligence Alliance has put forward a proposal to merge with CUDOS, a decentralized physical infrastructure network platform. This merger would involve the conversion of CUDOS' native token, an AI compute platform, to FET if the community approves the proposal through a vote. The merger announcement, made on Sept. 11, involves SingularityNET, Fetch.ai, and Ocean Protocol merging into a single entity under the ASI alliance. CUDOS, known for its distributed AI computing capabilities that leverage blockchain for scalable and cost-efficient cloud AI services, is set to join the alliance as a non-founding member. The proposal aims to enhance AI research and development by integrating CUDOS' computing network into the ASI framework, pushing the boundaries of decentralized AI towards artificial general intelligence (AGI) and artificial superintelligence (ASI).

As decentralized finance (DeFi) gains traction, a new frontier emerges in the crypto world: Decentralized Physical Infrastructure Networks (DePIN). With a market cap exceeding $17 billion, these projects revolutionize industries like data storage, computing power, and wireless connectivity. Several DePIN projects lead the way in 2024, challenging traditional models and enhancing infrastructure accessibility and efficiency. **Understanding DePIN: A New Approach** Decentralized Physical Infrastructure Networks, or DePIN, aim to distribute and tokenize physical infrastructure assets, allowing individuals and businesses to contribute resources like storage, computing power, or wireless coverage for crypto rewards. This challenges centralized control, promising resilience, efficiency, and accessibility for critical infrastructure. By leveraging blockchain's decentralized structure, DePIN projects ensure transparency, security, and accessibility while reducing middlemen in infrastructure management. **Filecoin: Decentralizing Data Storage** Filecoin, a leading DePIN project in decentralized storage, creates a marketplace where users can rent out unused storage space. This model reduces costs, enhances security, and offers a resilient alternative to traditional cloud storage providers like Google or Amazon. Filecoin's decentralized approach boosts network security, reduces reliance on centralized servers, and provides cost-effective solutions for storage providers and users. With the exponential growth of data in 2024, Filecoin's role in the digital economy is crucial. **Render: Decentralizing GPU Power** Render, targeting GPU rendering, decentralizes GPU power for industries like visual effects, gaming, AI, and virtual reality. By offering access to global GPU resources without high upfront costs, Render democratizes advanced computing power, promoting resource efficiency. Collaborating with metaverse and NFT projects, Render is poised for growth in 2024. **Helium: Building Decentralized Wireless Networks** Helium's decentralized wireless network enables individuals to manage wireless hotspots for long-range IoT device coverage. This innovative approach in wireless connectivity showcases the potential for DePIN projects to reshape industries and enhance connectivity in 2024.

This move highlights the growing influence of DePIN technology, which is bridging the physical world with decentralized digital systems. The DePIN sector is rapidly gaining traction in the Web3 space. DePIN nodes use native tokens or cryptocurrencies to incentivize participation and support both physical and digital infrastructure development. These networks are designed to enhance access to services, facilitate ownership, and improve security across extensive infrastructure systems. Industry experts suggest that DePINs could potentially lead to the creation of the next trillion-dollar enterprise, akin to Amazon’s AWS cloud services, due to the increasing demand for decentralized connectivity solutions. **Lufthansa and Deutsche Telekom Join DePIN Nodes** On September 9th, Lufthansa and Deutsche Telekom joined a select group of global enterprises in launching DePIN nodes. This collaboration, which also includes Bertelsmann Investments and the Technical University of Munich (TUM), supports the Peaq network—a layer-1 network specifically designed for DePIN and real-world assets (RWAs). The combined valuation of these entities exceeds $170 billion, underscoring the substantial impact of their participation. The Peaq network, which is set to go live during the week of September 23, will benefit from the integration of these major nodes. The presence of such significant network operators is crucial for the success of any blockchain network. **Positioning in Transformative Technology** By engaging with the Peaq network, Lufthansa and Deutsche Telekom are positioning themselves at the forefront of this transformative technology, which promises to reshape how physical and digital infrastructure interact.

Helium (HNT) has seen a remarkable surge of 18% over the past week, standing out in a period where most major cryptocurrencies faced losses. With HNT’s price climbing above $8.3, the token has demonstrated resilience and impressive performance against broader market trends. The recent price rally reflects the growing momentum within the Helium ecosystem. According to @MilkRoadDaily, Helium is now recognized as the fastest-growing Decentralized Physical Infrastructure Network (DePIN) project. This recognition highlights the significant progress the Helium community has made in building the world’s largest decentralized network, covering sectors like IoT, mobile, and energy.

Decentralized Physical Infrastructure (DePIN) tokens have experienced a 30% decline over the last six months, despite the sector reaching a market capitalization of $20 billion in the past year. This decline follows strong performances in late 2023 and early 2024, with many projects hitting all-time highs. As of September 1, there are approximately 2,365 active DePIN projects in the industry, according to DePIN Ninja data. The report by MV Global attributes DePIN token price fluctuations to a mix of fundamental indicators, web2 use cases, and speculative demand. Despite recent corrections, DePIN tokens are considered a good portfolio allocation due to their low correlation with the broader crypto market. Listed DePIN projects saw an average price decline of nearly 37% in the last three months, except for Helium's native token, HNT, which surged by 70% in the past month. Helium's positive performance coincided with progress on its roadmap and exceeding 100,000 mobile subscriptions. Different DePIN subverticals showed varying results, with connectivity-oriented projects underperforming, while bandwidth-oriented projects like AIOZ experienced significant growth, with AIOZ token seeing a 3278.6% increase over the past year. However, tokens related to storage and censorship, such as FIL and HONEY, faced losses of 36.6% and 38.2%, respectively. Despite the recent decline, DePIN tokens outperformed 16 out of 20 crypto sectors over the last six months, with a better performance than the market average of negative 45.7% during the same period, according to Artemis data.

Roam's decentralized WiFi network, DePIN, has experienced rapid growth in the number of nodes, surpassing 569,463 within just 12 days from reaching 500,000 on August 28. The total check-ins have exceeded 22.7 million, with over 600,000 registered users on the Roma app. Roam offers enterprise-grade WiFi services globally, making it a significant player in the decentralized WiFi network space.