Latest DePIN News

Chirp Network, a global Decentralised Physical Infrastructure Network (DePIN), has partnered with Streamr, a peer-to-peer data sharing platform, to provide real-time data from IoT devices on the blockchain. This integration will allow Chirp's IoT data, which includes fleet tracking and agricultural metrics, to be shared without a central server. Chirp's participation in Streamr's Hub will facilitate data sharing and monetization, contributing to a global decentralised database. The collaboration aims to enhance the utility of Chirp's network and explore further integration with Streamr's Data Union Framework, potentially incentivizing users to share IoT data.

DePIN offers hobby miners a new way to earn by mining crypto directly from the source. The sector separates speculators from those willing to make a change through physical commitment and reward systems. Users can contribute to DePIN projects without altering their daily routines. Two devices to consider are WeatherXM, which rewards users for contributing to a decentralized weather network, and GEODNET, which improves satellite navigation accuracy through a decentralized RTK network.

Tim Kravchunovsky, CEO of Chirp, a decentralized telecommunications network, has criticized the traditional telecommunications and financial sectors for their approach to decentralized physical infrastructure networks (DePIN). He emphasized the need for blockchain-based telecom solutions, especially after the end of the Affordable Connectivity Program (ACP) in the US, which exposed the vulnerabilities of relying on major telecom providers. Kravchunovsky proposed DePIN as an alternative, offering resilience against regulation, censorship, and political agendas. He also highlighted the potential of integrating AI with blockchain-based IoT networks for enhanced security and efficiency, while warning of the risks of misuse and the importance of blockchain in protecting against them. Furthermore, he criticized traditional finance's foray into DePIN, particularly Franklin Templeton, for lacking a genuine understanding of the Web3 landscape and focusing on the wrong metrics for project success.

Aethir, a new project in the GPU distribution sector, aims to disrupt the global GPU market by addressing the supply issue caused by high demand from AI and gaming. The project has successfully launched its cloud service, offering on-demand GPU compute solutions. With a focus on the enterprise side, Aethir connects businesses with high-powered GPU chips like NVIDIA's H100s for machine learning and AI applications. The platform claims to have the largest GPU network in the DePIN sector, providing over 43,000 enterprise-grade GPUs with a 99.99% uptime across 23 countries. Aethir's decentralized approach pools underutilized GPU power and distributes it where needed, making it a cost-effective and efficient solution for industries like cloud gaming. The project also features its native $ATH token, used for network services, governance participation, and staking. Despite challenging market conditions, the token has performed well since its launch on June 12th.

Decentralized Physical Infrastructure Network (DePin) projects are gaining attention despite the current downturn in the crypto market. Experts predict a strong resurgence, particularly for AI-integrated DePin initiatives, which represent cutting-edge innovation and adaptability. Crypto trader Kazi highlights six DePin projects with explosive growth potential. Cosmic Network (COSMIC) offers online privacy through decentralized VPN services, while Blendr Network (BLENDR) focuses on decentralized GPU computing. DSync, part of the Destra Network, combines decentralized cloud solutions with GPU networking. HashAI (HASHAI) integrates AI with mining strategies, and ATOR Protocol enhances the Tor network through blockchain incentives. OpSec uses AI to improve blockchain infrastructure, focusing on security and privacy. These projects face risks from market volatility and competition but offer transformative potential for investors.

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Decentralized Physical Infrastructure Networks (DePINs) are revolutionizing the way physical infrastructure is managed by combining blockchain technology, token incentives, and IoT. DePINs allow for the decentralization of large-scale projects traditionally overseen by governments and corporations, such as electricity grids and waste management systems. Pioneer projects like Power Ledger and OpenBazaar laid the foundation for DePINs, demonstrating blockchain's potential in energy distribution and e-commerce. DePINs operate through a combination of blockchain, IoT, token incentives, and smart contracts, enabling decentralized ownership and control of infrastructure. They categorize into Physical Resource Networks, focusing on tangible resources and supply chain management, and Digital Resource Networks, which provide backend cloud support for industries like computing and storage. DePINs are a significant web3 application, connecting service providers with end-users, ensuring infrastructure decentralization, and offering cost and speed benefits. As DePIN technology evolves, it is expected to drive further growth and transformation across various sectors.

The Serverless BXL conference, scheduled for July 7 in Brussels, will explore the convergence of AI, DePIN, decentralized cloud computing, and web3 gaming. With over 300 participants and 30 speakers, the event will feature a gaming pitch contest and keynotes from industry leaders such as Ubisoft. The second half of the day will focus on AI and decentralized cloud computing, including talks from experts like Nicolas Bacca, co-founder of Ledger, and representatives from decentralized AGI protocols. The conference aims to foster networking and collaboration in the blockchain and gaming sectors.

Franklin Templeton has recognized the disruptive potential of DePin projects in traditional infrastructure sectors, with innovative token incentives. Among them, Uniswap (UNI), Ondo (ONDO), and Angry Pepe Fork (APORK) are highlighted for their potential growth. Uniswap recently reached a significant milestone with its Layer-2 volume, indicating increased demand and utility for the protocol. Ondo has integrated its UUSDY on Mantle, boosting its position in DeFi. Angry Pepe Fork introduces a unique 'Conquer to Earn' program, offering a gamified economic model for user participation. With a capped token supply and robust infrastructure on Solana, APORK presents an accessible entry point for investors, with bullish forecasts predicting significant price increases.

Solana is emerging as a hub for Decentralized Physical Infrastructure Network (DePin) projects, according to a report from Syndica. The report highlights various DePin projects in the Solana ecosystem, including decentralized GPU marketplaces, wireless technologies, and geospatial data solutions. In the Compute Data AI sector, platforms like io.net, Render, and Nosana are fostering a thriving microeconomy around computational resources. Render's technology was even integrated into Apple's latest iPad Pro, demonstrating the transformative potential of decentralized networks in digital content creation. Helium, another DePin project on Solana, has seen exponential growth in mobile hotspots deployment and subscriber numbers since migrating to the platform. Hivemapper has also recorded unprecedented demand for map data, highlighting the growing reliance on decentralized solutions for geospatial data. Despite some signs of slowing in the storage sector, the overall momentum of DePin projects on Solana remains strong, with the platform now home to category leaders representing a combined market cap of $4 billion.