Latest DePIN News

Helium (HNT) Poised for Potential 25% Surge Amid Growing Investor Interest cover
2 months ago

Helium (HNT) Poised for Potential 25% Surge Amid Growing Investor Interest

Helium (HNT) is showing signs of potential growth, with analysts predicting a possible surge of 25% to reach the $8.15 mark if it can close a daily candle above the $6.50 level. Since November 20, there has been a notable accumulation of HNT by whales and investors, indicating a growing confidence in the token's performance. Despite the overall market experiencing volatility, HNT has remained relatively stable, positioning itself for a potential upside rally as traders and investors take a keen interest in its price movements. Recent data from Coinglass highlights a significant increase in HNT's Open Interest, which surged by 8.5% in the last 24 hours and 4.7% in the past four hours. This uptick suggests that traders are expanding their positions, reflecting a shift in sentiment towards HNT. Additionally, the Spot Inflow/Outflow data indicates that whales have been consistently accumulating HNT tokens, contributing to a negative net flow. These metrics, combined with a bullish price action pattern on HNT's chart, suggest that the asset is poised for a breakout. Technical analysis from AMBCrypto indicates that HNT is on the verge of breaking out of a falling channel, currently consolidating near the upper boundary of this pattern. With the altcoin trading above the 200 Exponential Moving Average (EMA) and a Relative Strength Index (RSI) of 52, the market sentiment appears bullish. As HNT trades around $6.25, a minor price increase of over 1.25% in the last 24 hours, coupled with a 10% rise in trading volume, suggests heightened trader participation and optimism for an imminent upside rally.
Hivello Partners with XYO to Enhance Passive Income Opportunities cover
2 months ago

Hivello Partners with XYO to Enhance Passive Income Opportunities

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.
The AI Lab Partners with Theta EdgeCloud to Enhance AI Education cover
2 months ago

The AI Lab Partners with Theta EdgeCloud to Enhance AI Education

The AI Lab, a leading e-learning provider in South Korea, has recently entered into a multi-year agreement with Theta EdgeCloud, marking a significant step in enhancing its educational offerings in Artificial Intelligence (AI) and Data Analysis (DA). This partnership allows The AI Lab to leverage Theta EdgeCloud's distributed GPU resources, which will facilitate advanced AI education, model training, and generative AI applications. With a strong focus on hands-on experiences and interactive content, The AI Lab aims to deliver high-quality education through its innovative platform, CodingX, recognized for its effectiveness in teaching AI and coding skills globally. The collaboration with Theta EdgeCloud is expected to bring several advantages to The AI Lab. By utilizing on-demand GPU resources, the institution can enhance curriculum flexibility, allowing for seamless integration of AI into its educational programs. Additionally, the partnership is set to lower operational costs through Theta's distributed infrastructure, enabling cost-effective scaling of their services. Most importantly, the integration of AI-driven learning methodologies will facilitate personalized learning experiences, tailored to meet the unique needs of each student, thereby improving overall performance. Theta EdgeCloud has been rapidly expanding its customer base, recently partnering with prestigious institutions such as Seoul National University and Peking University. This growth underscores the increasing demand for scalable and cost-effective technology solutions in the education sector. John Choi, CEO of The AI Lab, expressed confidence in the partnership, highlighting Theta's strong reputation among South Korean universities and its potential to significantly expand The AI Lab's operations in the coming years. This collaboration is poised to meet the rising demand for technology skills in an AI-driven future, positioning The AI Lab as a key player in the evolving educational landscape.
Arkreen Launches Content Competition for Solar Power Users cover
2 months ago

Arkreen Launches Content Competition for Solar Power Users

Arkreen, a leader in solar power technology, is launching an exciting content competition aimed at enhancing its marketing efforts and promoting a greener future. The initiative invites all existing CSP (Community Solar Power) owners to submit raw, unedited video footage that highlights the best aspects of their solar installations. Participants can showcase their contributions through three distinct categories: Roof Solar Shot, Arkreen Tech Shot, and Complementary Theme Shot. Each video must be a minimum of 20 seconds and adhere to quality standards, including a resolution of at least 1080p and a frame rate between 25-60 fps. This competition not only encourages community engagement but also offers participants the chance to win substantial rewards, including $AKRE tokens and special Discord ranks. To ensure fair participation, Arkreen has set clear eligibility criteria, allowing all current CSP owners to join, including those in the onboarding process. Each participant can submit one video per category, with the potential for additional clips that will not be compensated but can enhance their visibility in Arkreen's marketing materials. The bounty for each qualifying video is set at 2000 $AKRE, totaling 6000 $AKRE for all three categories. Furthermore, participants who submit videos in all categories will receive a bonus of 2000 $AKRE and a special Discord rank, fostering a sense of community and collaboration. The competition will culminate in a voting process where the Arkreen team and the community will determine the winners based on marketability and visual appeal. Prizes include 30,000 $AKRE for first place, along with recognition as an “Innovator,” while second and third places will receive 15,000 and 6,000 $AKRE respectively, along with their own unique ranks. Arkreen encourages all participants to join their Discord channel for support and to engage with the community. This initiative not only aims to enhance Arkreen’s marketing but also to celebrate the contributions of its dedicated solar power users, driving the future of sustainable energy together.
Akash Network (AKT) Price Analysis: Bullish Trends and Potential Breakouts cover
2 months ago

Akash Network (AKT) Price Analysis: Bullish Trends and Potential Breakouts

In recent market activity, the Akash Network (AKT) has demonstrated a resilient bullish trend despite a broader market liquidation of $500 million within the last 24 hours. Over this period, the price of AKT has increased by 3.34%, indicating a strong upward momentum. The current price action suggests a potential breakout rally that could propel the token to new all-time highs. The daily chart reveals a falling wedge breakout, which has gained traction, and the formation of a bullish flag pattern indicates further upside potential for the Akash Network token. The recovery of the AKT price has been remarkable, surging 86.85% from a low of $2.11 to its current price of $3.95. This upward movement has successfully surpassed the 50% Fibonacci level at $3.52 and is now challenging the 61.80% Fibonacci level at approximately $3.9851, coinciding with a significant resistance zone near the psychological mark of $4.00. For the ongoing bullish rally to persist, it is crucial for the AKT price to break through this resistance zone. Technical indicators such as the EMA suggest a potential golden crossover, while the MACD indicates a possible bearish crossover, highlighting the need for cautious optimism. Looking ahead, the AKT price is forming a bullish engulfing candle, suggesting a continuation of the uptrend with a flag breakout. Key resistance levels to monitor include $4.00, $4.74, and $5.93, with a target of $7.87 that could signify a new all-time high for the Akash Network. However, should the price fail to maintain its bullish trajectory, a breakdown below the $3.5239 Fibonacci level could negate the current bullish momentum. Investors are keenly watching these developments as the AKT price approaches significant milestones.
Fine-Tuning Llama 3.2 11B with Q-LoRA for Extractive Question Answering cover
2 months ago

Fine-Tuning Llama 3.2 11B with Q-LoRA for Extractive Question Answering

Large Language Models (LLMs) have become essential tools in natural language processing, capable of handling a variety of tasks. However, due to their broad training, they may not excel in specific applications without further adaptation. Fine-tuning techniques, such as Q-LoRA, allow researchers to tailor pre-trained models like Llama 3.2 11B for particular tasks, such as extractive question answering. This article outlines the process of fine-tuning Llama 3.2 11B using Q-LoRA on the SQuAD v2 dataset, showcasing the performance enhancements achieved through this method. LoRA, or Low-Rank Adaptation, is a technique that introduces new weights to an existing model without altering the original parameters. By adding adapter weights that adjust the outputs of certain layers, LoRA enables models to retain their pre-trained knowledge while acquiring new capabilities tailored to specific tasks. In this experiment, the focus is on fine-tuning Llama 3.2 11B for extractive question answering, aiming to extract precise text segments that answer user queries directly, rather than summarizing or rephrasing the content. The experiment was conducted on a Google Colab platform utilizing an A100 GPU, with the Hugging Face Transformers library facilitating the implementation. The results of the fine-tuning process were promising, demonstrating a significant boost in the model's performance on the validation set. The BERT score improved from 0.6469 to 0.7505, while the exact match score rose from 0.116 to 0.418. These enhancements indicate that the Q-LoRA technique effectively adapts the Llama 3.2 11B model for extractive question answering tasks. This article serves as a guide for researchers looking to apply similar methods to other models and tasks, highlighting the potential of fine-tuning in the realm of natural language processing.
Orchid (OXT) Trading Volume Soars by 2500% Amidst Strong Demand cover
2 months ago

Orchid (OXT) Trading Volume Soars by 2500% Amidst Strong Demand

Orchid (OXT) has recently witnessed a remarkable surge in trading activity, with its trading volume skyrocketing by an astonishing 2500% within just 24 hours. This surge in trading volume, which reached a cumulative total of $547.74 million, indicates a significant increase in demand for the cryptocurrency. Alongside this, OXT's price has also experienced a notable uptick, rising by 30% during the same period. The data from AMBCrypto and CoinMarketCap highlights that this surge is not just a fleeting moment but rather a reflection of growing investor interest and adoption of the Orchid platform. The increase in trading volume has been accompanied by a corresponding rise in Open Interest, which has surged to a new all-time high of $19 million, marking an increase of 253.88%. This combination of rising trading volume and Open Interest suggests that investors are actively opening new positions, predominantly leaning towards buying. The price of OXT has seen a significant upswing, climbing from a low of $0.0768 to a high of $0.1598, with current trading around $0.1297. The altcoin has also demonstrated impressive gains on both weekly and monthly charts, with increases of 43.15% and 75.15%, respectively. Moreover, the bullish sentiment surrounding OXT is further evidenced by a spike in outflow volume, which has reached a high of $7.1 million. This indicates that many investors are opting to move their assets into cold storage or private wallets, rather than keeping them on exchanges. Additionally, large holders have shown increased interest, with inflows hitting a year-high of 255.79 million OXT tokens. This suggests that significant accumulation is taking place among large investors. If the current trends continue, OXT could potentially face resistance around $0.17, while profit-taking by short-term holders could lead to a drop to $0.09.
Somnia Partners with Ankr to Enhance Developer Experience in Blockchain cover
2 months ago

Somnia Partners with Ankr to Enhance Developer Experience in Blockchain

Somnia, described as "the dream computer for a fully on-chain world," has announced a strategic partnership with Ankr, a leading RPC node provider in the blockchain industry. This collaboration aims to enhance Somnia's ecosystem by providing developers with top-tier infrastructure, cost efficiencies, and innovative opportunities. The partnership is set to facilitate the on-chain integration of data, empowering developers with essential tools necessary for their success in the blockchain space. One of the standout features of this partnership is the provision of industry-leading RPC and subgraph services by Ankr, which will ensure that developers experience high performance and reliability while building on Somnia's blockchain. Additionally, Ankr is offering a generous free tier that allows developers to make up to 1 million free RPC calls per day. This initiative significantly reduces costs for developers, making Somnia an appealing platform for creating scalable decentralized applications. Furthermore, the two companies will collaborate on a hackathon aimed at fostering innovation within the Somnia ecosystem, inviting developers to explore the capabilities of Somnia's high-throughput blockchain. The partnership reflects a shared commitment between Somnia and Ankr to empower developers and expand the horizons of blockchain technology. By providing transparent and affordable pricing for developers, Ankr aligns with Somnia's philosophy of supporting builders in the decentralized application space. Together, they aspire to create a vibrant ecosystem where innovative dApps can thrive and reach a global audience, marking a significant step forward in the evolution of Web3 technology.
io.net Partners with OpenLedger to Enhance AI Model Development cover
2 months ago

io.net Partners with OpenLedger to Enhance AI Model Development

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.
Energy Connects Blockchain: DePIN Tokens to Watch in December cover
2 months ago

Energy Connects Blockchain: DePIN Tokens to Watch in December

The rise of decentralized physical infrastructure networks (DePIN) is becoming increasingly significant in the energy sector, with various tokens leading the charge. Notable players such as Filecoin (FIL), Theta Network (THETA), BitTorrent (BTT), MultiversX (EGLD), and AIOZ Network are at the forefront of this movement, showcasing their potential in decentralized data storage, content delivery, and blockchain-driven energy solutions. As the demand for decentralized energy data storage grows, these tokens are not only innovating but also presenting lucrative opportunities for investors and developers alike. Filecoin continues to establish itself as a leader in decentralized storage, particularly within the renewable energy data management space. As of the latest data from Coinmarketcap, Filecoin's price is $5.70, with a robust 24-hour trading volume of $721 million. The token experienced a slight increase of 1.43% yesterday, indicating a steady interest from the market. Similarly, Theta Network is gaining traction, demonstrating its critical role in addressing energy visualization needs, which is essential for optimizing energy consumption and distribution. Moreover, AIOZ Network is emerging as a key player with its focus on real-time energy monitoring through decentralized technology. This capability is vital for enhancing the efficiency of energy systems and ensuring better resource management. As these DePIN tokens continue to evolve, they are likely to play an increasingly important role in shaping the future of energy management and blockchain integration, making December a pivotal month for stakeholders in this innovative sector.
Signup for latest DePIN news and updates