Latest DePIN News

OKX Wallet, a part of the leading Web3 technology company OKX, has introduced support for IoTeX, expanding its compatibility to over 100 blockchains. IoTeX, a Layer 1 network, is recognized for its modular infrastructure that serves Decentralized Physical Infrastructure Networks (DePIN) projects, allowing for seamless asset management and transfer of IOTX assets within the OKX Wallet. This integration follows the addition of TON, showcasing the wallet's commitment to inclusivity and user accessibility in the Web3 ecosystem. OKX, a global crypto exchange, is dedicated to providing a secure and innovative platform for crypto traders, with educational resources and transparency measures like monthly Proof of Reserves publications.

Experience improved features for seamless navigation and discovery with the newly revamped Verida Network Explorer. Verida, as a layer zero DePIN, secures private data and provides confidential compute for secure personal AI assistants. The goal is to empower users and developers by offering a tool to understand decentralized identities (DID) and activities on the Verida Network. The Explorer allows users to search for their unique DID, examine their public DID document and metadata, view storage node distribution, access storage node details, and soon, get an overview of storage nodes on the Verida Network. Verida provides infrastructure for private data and personal AI applications, enabling users to manage their identity, crypto, data, and reputation. The Network Explorer serves as a window to manage digital identity effectively, offering insights for users and resources for developers. To learn more, there are comprehensive user guides and technical docs available. Verida is a decentralized data network and self-custody wallet that empowers users with control over their digital identity and data, utilizing cutting-edge technology for secure storage solutions and personalized AI applications.

Scout: Revolutionizing Location Monitoring with Street Imagery In a world where change is constant, having up-to-date, accurate information is crucial for staying ahead. Scout, our next-gen self-service location monitoring tool, provides on-demand street imagery for various scenarios. Whether you're a real estate agent, an advertising agency, or a municipal employee, Scout offers a boots-on-the-ground view of any location, saving time and resources. Ad agencies can now monitor billboard trends in real-time, ensuring their campaigns are eye-catching and relevant. With Hivemapper Scout, advertisers can stay ahead of cultural shifts and make informed decisions on ad placements. Contact sales@hivemapper.com to learn more about how Scout can support your business needs!

August 2, 2024 - Daylight, a pioneering DePIN (Decentralized Physical Infrastructure Network) project, has secured $9 million in a Series A funding round, as reported by The Block. The investment was led by A16z Crypto, with participation from Framework Ventures, Lattice Fund, Escape Velocity, and Lerer Hippeau. This latest round brings Daylight's total funding to $13 million. IoTeX, a modular ecosystem actively expanding into the DePIN new energy sector, was an early supporter of Daylight, having participated in its seed round in 2022. Daylight operates as a distributed energy protocol, enabling users to connect their energy devices to its dApp and earn rewards. Additionally, users can access the Daylight marketplace to obtain energy upgrades for their homes or buildings, such as solar panels, EV chargers, heat pumps, and water heaters. Last month, IoTeX unveiled its 2.0 strategy, evolving into a modular open platform for DePIN. The company aims to provide comprehensive support to promising projects through its ecosystem fund, accelerator program, and incentive schemes. This support encompasses technical, resource, and capital assistance to facilitate rapid project growth. This investment in Daylight aligns with the growing interest in decentralized infrastructure for sustainable energy solutions. As the DePIN sector continues to expand, projects like Daylight are poised to play a crucial role in the future of distributed energy systems.

Decentralized Physical Infrastructure Networks (DePINs) are revolutionizing digital landscapes by integrating blockchain technology to establish secure, transparent, and decentralized public infrastructures for services including transportation, energy management, and communication. They leverage IoT devices to collect and share data directly on the blockchain, eliminating intermediaries and ensuring data ownership. AYDO enhances this ecosystem by enabling data collection from generic IoT devices, reducing costs and simplifying the integration of blockchain technology. AYDO's modular approach allows for seamless IoT integration, facilitating the development of decentralized applications and creating a dynamic data ecosystem where users are rewarded for their data contributions.

In Q2’24, Filecoin saw a 6% drop in active storage deals but a growth in storage utilization from 23% to 26%. Over 2,000 clients have onboarded data, with 518 adding large datasets over 1,000 TiB. The Filecoin Virtual Machine (FVM) has over 3,700 unique contracts, with a total value locked (TVL) reaching an all-time high of 63 million FIL. Filecoin is developing as a decentralized physical infrastructure network, offering new data services and aiming to increase enterprise adoption. Protocol upgrades like the FVM and Interplanetary Consensus (IPC) are enabling compute-over-data services, which are crucial for the network's growth.

CUDOS Intercloud, a product by CUDO, has been launched to bridge the gap in Web3 computing by offering a scalable, distributed GPU-as-a-Service cloud solution. It is designed to cater to the needs of DePIN communities and AI computational tasks such as machine learning and inference. The platform addresses the challenges faced by Web3 companies in accessing GPUs and ensuring service levels while providing a Web 3.0-aligned experience. With the integration of NVIDIA GPUs, CUDOS Intercloud helps overcome the challenges of building robust and decentralized Web3 and AI systems. The CUDO network has delivered over 500,000 consumed hours of AI GPU time, supporting a range of NVIDIA GPUs for professional visualization and high-performance computing workloads. CUDOS Intercloud offers significant cost savings, a focus on GPU computing for AI, and the use of 100% renewable energy-powered data centers, making it an economically and environmentally friendly alternative for the AI era.

Minima, a decentralized layer-1 blockchain, partners with Influx Technology to integrate a blockchain tracker into a McLaren GT4 supercar, tested at Spa-Francorchamps in June 2024. The tracker leverages Minima's compact protocol, which enables participation on various devices, promoting a truly decentralized network. Minima's design scales without compromising security or decentralization, supported by a community of over 50,000 node operators. It also employs quantum-resistant cryptography for enhanced security. Minima's low system requirements allow for efficient scaling of decentralized infrastructure networks, in contrast to Bitcoin's increasing centralization and vulnerability to quantum hacking.

Alliance Games, a gaming industry innovator, has introduced DePin, a decentralized Web3 gaming infrastructure platform. DePin, a chain-agnostic solution, aims to balance user experience, gameplay, and decentralization in blockchain gaming. The platform offers decentralized public cloud hosting, auto payment systems, security, and decentralized data storage. Alliance Games, founded by Simon and Dennis, developers of Chain of Alliance, is backed by major gaming and crypto brands. DePin's modular design supports session-based logic for both Web2 and Web3 games, providing SDKs for diverse development needs.

The Filecoin network is set to undergo the NV23 upgrade, also known as 'Waffle', aimed at improving network performance and integration with the broader blockchain ecosystem. South Korean exchange Upbit will temporarily freeze Filecoin (FIL) deposits and withdrawals starting August 6 to ensure a smooth transition during the upgrade. Users need not worry about their assets as services are expected to resume once the upgrade is complete. The upgrade will bring benefits such as faster transaction processing, simplified storage additions, and support for legacy Ethereum transactions. Stay tuned for updates on the NV23 upgrade and service resumption through official channels.