Latest DePIN News

Storj and CUDOS have partnered to make AI compute more accessible by combining Storj's decentralized storage solutions with CUDOS's DePIN compute network. This alliance offers multi-petabyte capacity to customers, utilizing Storj's S3-compatible storage within the CUDOS network. By leveraging Valdi's compute capabilities, the collaboration aims to provide high-end compute solutions to the market. Storj's platform ensures enhanced security through encryption and data sharding, while CUDOS focuses on supporting large language models, image recognition, and speech synthesis. The CEOs of both companies emphasize the improved scalability, security, and cost-effectiveness of their joint services, positioning them as a competitive alternative to major cloud providers.

OKX Wallet recently hosted a successful 'DePIN Day' event showcasing the growth and innovation within the Solana ecosystem. Key insights from the event include the excitement around OKX Wallet's Blinks capabilities, the integration of Dialect's technology, and the potential collaborations with projects like Uprock and Helium Foundation. The event highlighted OKX Wallet's dedication to supporting the Solana ecosystem and the expanding DePIN sector, projected to reach $3.5 trillion by 2028.

Decentralized physical infrastructure (DePIN) projects like Hivemapper and Helium are gaining attention in the crypto world. These projects are revolutionizing real-world problems by incentivizing users with tokens to contribute to infrastructure development. Unlike many 'hometown heroes' in the crypto space, DePIN projects are aiming for mass market adoption, making them stand out in the industry. Hivemapper rewards users for video-mapping local streets, while Helium pays individuals to share their 5G internet bandwidth, potentially making mobile service cost-free for some. By utilizing blockchain technology to solve real-world challenges, these projects are setting a new standard for innovation in the crypto sphere. This approach has led to positive growth in the DePIN sector, highlighting the potential for blockchain to address global infrastructure needs.

Only 3% of PumpFun traders have made over $1,000 in profits, while more than 60% have lost money. DEXScreener is earning over $1 million in weekly fees from meme token traders. TRX posts an 18% weekly gain driven by the Sun Pump token launchpad. Balaji Srinivasan aims to establish a 'Network State' through a pop-up city in Singapore. Runes dominate Bitcoin on-chain activity, Xai partners with Gauntlet, and Aethir powers smart TV gaming with DePIN infrastructure.

Network3's N3 Edge V1 mining devices, powered by the DePIN-Edge AI protocol, sold out in seconds after launch. The dual mining machine allows users to mine Network3's native token and IoTeX tokens, offering enhanced capabilities and easy setup. By democratizing the crypto-mining landscape, Network3 aims to incentivize general users to participate in mining and contribute to data privacy and security. The protocol combines DePIN and Edge AI to provide a decentralized mechanism for training AI models, challenging centralized data processing. Network3's successful launch of the N3 Edge V1 marks a significant step towards a more equitable and decentralized future in the AI industry.

Network3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. N3 Edge V1 is a dual mining machine that can mine Network3’s native token and IoTeX tokens. The physical mining machine enables users to boost their Network3 rewards by mining two types of tokens. These devices integrate IoTeX’s infrastructure like the decentralized W3bstream and ioID to provide device identity and DePIN verification, leveraging IoTeX’s advanced ZK and off chain computing technology with its modularity tech stack. The N3 Edge is more powerful than other personal devices that people use for mining tokens. Additionally, it is lightweight and has high processing power, helping users to efficiently and seamlessly mint two tokens. Most importantly, N3 Edge is very easy to set up. Users have to connect to a power source, connect the device to the internet, login, and start mining. Network3 aims to democratize the AI industry by decentralized model training and data processing in exchange for tokenized rewards. The successful launch of Network3’s dual mining machine, N3 Edge, is a step forward towards realizing a more equitable and decentralized future.

Top DePIN Cryptocurrencies for 2024 include PlayDoge, Render, BitTorrent, Filecoin, Theta Network, MultiversX, Ocean Protocol, Livepeer, Storj, and World Mobile Token. These projects offer decentralized real-world infrastructure ecosystems like GPU rendering, cloud storage, and internet access. PlayDoge stands out with its P2E game and meme appeal, while Render provides peer-to-peer GPU rendering services. The DePIN sector is expected to grow as more users participate, making these coins potentially lucrative investments.

Aethir partners with Return Entertainment to bring decentralized GPU cloud infrastructure to smart TV gaming, unlocking a new audience for the gaming industry. By offloading GPU-intensive workloads to the cloud, players can enjoy premium cloud gaming with just a stable internet connection. The move follows Return Entertainment's debut of Rivals Arena on Samsung TVs in the US, offering a QR code scanning gameplay experience. Aethir boasts the largest fleet of Nvidia H100 Tensor Core GPUs in the web3 industry, with a testnet for cloud gaming on Ethereum's Layer 2 network. Samsung deepens its web3 gaming partnerships, including Illuvium, allowing Web3 TV owners to view in-game NFTs on their television devices.

OKX Wallet to Host X Space on the Convergence of DePIN and AI. The event, featuring industry leaders from @getgrass_io, @jambotechnology, and @CyberChargeWeb3, will explore the synergies between DePIN and AI technologies. OKX, a global crypto exchange and Web3 company, aims to redefine fan engagement with sports teams using innovative technology. Through campaigns like Unseen City Shirts and Race Rewind, OKX offers fans exclusive real-world benefits. With a commitment to transparency and security, OKX's ecosystem includes the OKX Wallet, connecting users to over 100 blockchains and numerous DeFi protocols. For more information, visit OKX's Support Center.

Storj partners with CUDOS to advance distributed compute and cloud storage solutions, leveraging NVIDIA's chips for the expanding AI market. The collaboration aims to provide scalable and cost-effective solutions for businesses and developers. Storj's recent partnerships with cunoFS and AIOZ Network further enhance AI and video workflows in the decentralized cloud storage space. Competitors include Filecoin, Arweave, and AIOZ Network's W3S. The DePIN market has seen increased funding for projects like IoTeX.