Latest DePIN News

In September 2024, Roam unveiled its highly anticipated eSIM feature within the Roam App, following two months of beta testing and development. The eSIM Redemption feature officially launched on October 28, allowing users to redeem free eSIM data for global plans in over 130 countries. This innovative solution caters to the growing demand for reliable internet access while traveling, enabling users to bypass the hassle of local SIM purchases and avoid costly roaming charges. The eSIM feature is integral to Roam's mission of providing innovative connectivity solutions for global users. With flexible and cost-effective options, Roam eSIM ensures high-speed and seamless connectivity wherever users go. The eSIM can be easily purchased and activated directly within the Roam App or by scanning a QR code. The latest update, Version 1.8.0, introduces the eSIM Redemption function, allowing users to accumulate free eSIM data through participation in Roam App activities, such as Check-Ins and in-app events, enhancing their overall experience. Roam eSIM is designed for simplicity and user-friendliness, enabling users to buy, redeem, and activate their eSIM in just a few minutes. All app users receive a 50 MB welcome bonus of free eSIM data, with additional data earned through daily Check-Ins at Roam WiFi hotspots, rewarding users with 5 MB per Check-In, capped at 5 GB per account. Once enough data is collected, users can redeem it instantly via the Roam App. To access this feature, users must update the app, while newcomers can download it from the App Store or Google Play Store, ensuring seamless travel connectivity with Roam's innovative eSIM Redemption feature.

Animoca Brands, a leader in advancing digital property rights for gaming and the open metaverse, has announced a strategic partnership with GEODNET, a decentralized Real-Time Kinematics (RTK) network. This collaboration aims to enhance mixed-reality gaming and immersive experiences by integrating advanced location technology into consumer applications. As part of this partnership, Animoca Brands has also invested in GEODNET to support its growth within the Decentralized Physical Infrastructure Network (DePIN) community, which seeks to bridge the gap between the physical and virtual worlds through innovative location and mixed-reality technologies. The partnership will leverage Mocaverse, Animoca Brands' consumer network that features an interoperable infrastructure layer encompassing Account, Identity, Reputation, and PointFi systems. This collaboration is expected to facilitate network growth and explore precise location integration into various consumer applications within the Moca Network. Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm for GEODNET's ultra-precise location technology, which presents new possibilities for mobile and gaming experiences. He emphasized that the centimeter-level accuracy provided by GEODNET's DePIN of Satellite Miners will enable developers to create engaging mixed-reality applications that seamlessly blend digital and physical worlds. Furthermore, GEODNET has successfully passed a governance initiative (GIP4), which paves the way for Web3 mobile applications powered by its precise location technology. Described as a highly reliable Web3 RTK Network utilizing DePIN principles, GEODNET offers a significant improvement in position accuracy compared to standalone GPS, using only a low data rate network connection. Its global network of RTK stations complements on-device sensors like Cameras, LiDAR, and IMUs, thereby powering AI-based Autonomous Systems with accurate real-time 3D localization. Mocaverse aims to become the premier Web3 platform for consumers, enabling them to maximize their exposure to Web3 experiences and rewards, further solidifying Animoca Brands' commitment to establishing the open metaverse through its diverse portfolio of products.

As October 2024 comes to a close, the cryptocurrency market is buzzing with activity, particularly surrounding three altcoins that have captured significant attention. According to CoinGecko, RabBitcoin (RBTC), Department of Government Efficiency (DOGEETH), and Grass (GRASS) are the most searched altcoins today. The surge in interest for these cryptocurrencies is largely attributed to the upcoming U.S. presidential elections, with each coin exhibiting unique factors that investors should closely monitor. RabBitcoin (RBTC) continues to maintain its position as a trending altcoin, experiencing a notable 27% price increase over the past week, despite a slight 1.80% decrease in the last 24 hours. Analysts suggest that RBTC may be at a favorable accumulation point, particularly with a planned network launch on the horizon. As of now, RBTC is trading at $0.0000048, and its price movements indicate volatility, oscillating between swing highs and lows without establishing a clear trend. Meanwhile, the Department of Government Efficiency (DOGEETH) has emerged as a popular choice, primarily due to its association with Elon Musk's advocacy for a government department should Donald Trump win the presidency. DOGEETH has seen a remarkable 67% price increase in the last 24 hours, currently trading at $0.41. Its position above the 20 and 50-day Exponential Moving Averages suggests a bullish trend, although profit-taking could impact its future price trajectory. Lastly, Grass (GRASS) has also shown resilience, with a 34% increase in the last day, currently priced at $1.09. The bullish momentum indicated by the Awesome Oscillator suggests potential for further gains, provided it maintains support above $1.06.

io.net, a leading decentralized physical infrastructure network (dePIN) for GPU clusters, has announced a strategic partnership with GAIB, an economic layer focused on AI and compute. This collaboration aims to democratize access to GPU computing resources, enhancing innovation and accessibility. With GAIB already serving as a key GPU supplier to io.net, the partnership will expand to include initiatives in strategic marketing, community engagement, technical integration, and business development. Tausif Ahmed, VP of Business Development at io.net, emphasized the natural evolution of their relationship, stating that the combination of io.net's decentralized GPU infrastructure and GAIB's innovative approach to GPU tokenization will unlock new possibilities for both communities. The partnership will explore various synergies, including compute tokenization, joint marketing efforts, and coordinated business development initiatives to identify new market opportunities. Kony Kwong, CEO of GAIB, expressed excitement about the collaboration, highlighting their shared mission to make AI compute accessible to everyone. Both companies plan to leverage their expertise to execute initiatives that may include technology evaluations, deployment planning, and publicity campaigns. This partnership represents a significant advancement in making high-performance GPU computing more accessible and efficient, creating new opportunities for GPU owners to generate yield from their assets.

Stratos has recently formed several key partnerships aimed at enhancing decentralized cloud storage and expanding its infrastructure capabilities. Notably, the collaboration with ICN marks a significant step toward making decentralized cloud technology more accessible and resilient across various sectors. Additionally, Stratos has partnered with aZen Protocol to innovate in the SocialFi space, integrating its storage solutions with aZen's ecosystem. The partnership with Satochain aims to advance decentralized applications for Bitcoin, leveraging Stratos' storage network to enhance Web3 capabilities for Bitcoin users. Furthermore, the collaboration with ARC focuses on empowering artificial intelligence through decentralized storage, while the partnership with FurGPT supports the creation and storage of virtual pet art in a decentralized manner, reinforcing Stratos' commitment to pioneering Web3 applications. In addition to these partnerships, Stratos is actively engaging with the community and positioning itself as a thought leader in decentralized data solutions. The founder, Bin, participated in a high-profile discussion on X, where he shared insights into Stratos' storage solutions and addressed the increasing demand for decentralized data storage in a Web3-driven world. This engagement not only enhances Stratos' visibility but also emphasizes its role in shaping the future of decentralized data solutions. The company is committed to expanding its ecosystem through ongoing community engagement and partnerships. Looking ahead, Stratos plans to continue its technical advancements, including the integration with Osmosis Dex and enhancements to its File Drive UI. The company is also focusing on performance improvements and the development of a new Stratos Chain Explorer. Stratos aims to build a next-generation decentralized cloud that provides a reliable, scalable, and self-balanced network for storage, databases, and computation, striving to be the cornerstone of the new era of decentralization. With its unique Proof-of-Traffic consensus, Stratos rewards participants and contributors, further solidifying its position in the decentralized landscape.

In the rapidly evolving landscape of cryptocurrency, several projects are emerging as frontrunners in innovation and utility. Ondo Finance, Immutable X, Filecoin, and Qubetics are at the forefront, each contributing unique solutions to the digital finance ecosystem. Ondo Finance is bridging traditional finance (TradFi) with decentralized finance (DeFi) through innovative products like tokenized lending and yield strategies, allowing both institutions and retail investors to safely engage with DeFi protocols. Meanwhile, Immutable X is revolutionizing the NFT and gaming sectors by offering fast, zero-fee transactions on a layer-2 solution, utilizing ZK-rollup technology to enhance scalability and reduce environmental impact. Filecoin, on the other hand, is decentralizing data storage, incentivizing users to provide storage capacity and transforming the cloud storage industry into a more secure and distributed model. Among these trailblazers, Qubetics ($TICS) is gaining significant attention due to its impressive presale performance and innovative wallet conversion mechanism. This feature allows users to make transactions using $TICS tokens, which are automatically converted to stablecoins like USDT or USDC, ensuring merchants receive a stable value, thus mitigating the volatility commonly associated with cryptocurrencies. With the presale now in phase 6 and over $1.55 million raised, analysts predict a potential price surge to $0.25 by the end of the presale, presenting an enticing opportunity for early investors. The projected ROI could reach as high as 1,322.9%, making Qubetics a compelling option for those looking to capitalize on the burgeoning crypto market. As blockchain technology continues to advance, the potential for projects like Ondo Finance, Immutable X, Filecoin, and Qubetics to reshape the financial landscape is immense. Each of these initiatives not only addresses specific challenges within their domains but also exemplifies the transformative power of blockchain. With Qubetics’ presale momentum building and analysts forecasting significant price increases, now is the time for investors to consider their positions in these groundbreaking projects. As the crypto market evolves, staying informed and seizing opportunities will be crucial for maximizing returns in this dynamic environment.

Nexo, a prominent player in the digital assets sector, has unveiled a significant rebranding and platform redesign on Bitcoin Whitepaper Day, marking its transition from a crypto lending pioneer to a comprehensive digital assets wealth platform. This evolution is driven by extensive client research involving 5,000 users across 23 countries, highlighting the growing demand for sophisticated digital asset solutions. The new platform features a refreshed logo, website, and user interface, aligning with Nexo's mission to empower investors in growing, preserving, and utilizing their wealth in an increasingly digital landscape. The rebranding reflects Nexo's commitment to adapting to the maturing crypto environment, where 65% of institutional investors and 72% of retail investors view digital assets as essential for wealth-building. Kosta Kantchev, Nexo's Co-founder and Executive Chairman, emphasized the company's 'Wealth Forward' philosophy, which aims to provide independent investors with smarter, flexible ways to manage their wealth. With over $320 billion in processed transactions and a robust business model, Nexo is well-positioned to lead the next generation of wealth in the digital asset space. Nexo's new visual identity symbolizes its focus on client prosperity and innovative solutions, integrating elements that represent human resilience and exponential growth. The platform's 360° product suite caters to the needs of high-net-worth individuals, offering flexible savings options, advanced crypto tools, and global access through the Nexo Card. As Nexo continues to evolve its offerings, the company is committed to ensuring compliance and security, solidifying its position as a leader in the digital assets wealth management sector, while providing tailored solutions and 24/7 client care to meet the demands of its discerning clientele.

Mawari Network, a pioneering entity in spatial computing and decentralized physical infrastructure networks (DePIN), has announced a limited node license sale aimed at enhancing its 3D streaming technology. This initiative is timely, as the market for extended reality devices is expected to exceed 100 million units in the next five years. By facilitating a global decentralized infrastructure, Mawari aims to meet the growing demand for immersive experiences, positioning itself as a key player in the burgeoning multibillion-dollar spatial computing sector. The node sale is designed to scale the network, optimize performance, and ensure resiliency in delivering immersive content. The Mawari Network is built to support the demanding requirements of immersive experiences, featuring a Spatial Streaming SDK compatible with popular game engines like Unity and Unreal. This SDK empowers developers to create seamless, engaging content. The network operates on a globally distributed system of GPU nodes, ensuring low latency and high performance. Luis Oscar Ramirez, the CEO and Founder of Mawari, emphasized that the node sale allows operators to contribute to the global 3D content ecosystem while being rewarded for their participation. This innovative approach addresses the limitations of current cloud services in scaling spatial streaming technology. Scheduled for Q4 2024, the node sale will focus on establishing Guardian Nodes that are essential for monitoring performance indicators such as latency and bandwidth. These nodes will ensure the network can handle multiple immersive experiences simultaneously while maintaining high-quality standards. Mawari's collaborations with industry giants like Deutsche Telekom and Netflix, along with backing from prominent investors, solidify its leadership in decentralized spatial computing. As Mawari continues to redefine the landscape of immersive content delivery, the upcoming node sale represents a significant step toward realizing its vision for a community-driven spatial computing future.

Distributed cloud storage company Storj has announced the promotion of Colby Winegar to the position of CEO, succeeding Ben Golub, who has held the role for over six years. Winegar, who previously served as the Chief Revenue Officer, has been a key figure in the company's recent achievements, including the acquisitions of Valdi and PetaGene. Golub, now the executive board chairman, praised Winegar's contributions and leadership, stating that he has been instrumental in cultivating a strong customer base and developing a robust partner ecosystem. The transition of responsibilities to Winegar began six months ago, indicating a well-planned succession strategy. Under Winegar's leadership, Storj aims to leverage its distributed cloud storage solutions, which reportedly offer up to 90% lower costs and 83% less carbon emissions compared to traditional storage methods. He emphasized the growing need for innovative data management solutions as AI adoption accelerates across various industries. Winegar's vision includes collaborating with technical alliance partners, customers, and resellers to enhance the transformative capabilities of Storj's offerings. The company's S3-compatible architecture utilizes unused capacity from drives and data centers worldwide, providing efficient storage solutions and on-demand GPU access through its global network. To support this leadership transition, Storj has made strategic hires, including a new leader for its direct sales organization and an internal promotion to oversee the channel sales team. These changes are designed to strengthen the company's sales strategy and align with its growth objectives. Additionally, in August, Storj announced a partnership with CUDOS, a decentralized physical infrastructure network, to facilitate easier access to AI compute resources. This collaboration aims to enhance Storj's capabilities in supporting AI workloads, particularly with access to advanced Nvidia chips, further solidifying its position in the cloud storage and AI sectors.

Chloe Phung, co-CEO of U2U Network, recently shared insights into the evolving landscape of decentralized technologies during an AMA with Cointelegraph. She noted that while interest in projects like Filecoin began in 2017, significant momentum has been building over the past two years. U2U Network, backed by prominent investors such as KuCoin Ventures and IDG Blockchain, aims to facilitate the transition of Web2 companies to Web3. The platform is designed to support decentralized physical infrastructure networks (DePIN) and includes flagship projects like U2DPN, a decentralized VPN that addresses modern enterprise challenges, such as security vulnerabilities and high costs associated with traditional VPNs. U2DPN has already garnered over 60,000 users from more than 70 countries within a month of its launch. Phung emphasized that U2U Network's layer-1 platform boasts a superior Direct Acyclic Graph (DAG) architecture, which is particularly effective for high-volume microtransactions. The network has achieved impressive testing results, reaching 72,000 transactions per second (TPS) and targeting 500,000 TPS with full sharding. The Helios consensus protocol adds layers of protection to ensure security and decentralization while maintaining high scalability, making it suitable for applications in AI, DePIN, and IoT. U2U Network's innovative subnet technology allows for a sharing economy model, enabling node users to contribute resources like bandwidth and computing power. The recent public node sale saw all 1,000 slots sold within five hours, highlighting strong interest in the project. Phung acknowledged the competition from established Web2 giants but emphasized the importance of building awareness and demand for decentralized resources. She also addressed the challenges faced by women in the tech industry, expressing optimism for increased female leadership in Web3 startups. Overall, U2U Network is positioned to democratize access to powerful resources, benefiting both contributors and consumers alike.