Latest DePIN News

Bitrue, a top cryptocurrency exchange, has launched a 3-week ATH Trading Marathon with a prize pool of 1,180,000 ATH. The event follows the listing of Aethir (ATH) on Bitrue on June 12, 2024. The trading marathon, running from June 13 to July 4, 2024, is part of the Aethir Launch Week campaign, which includes various activities and events to engage and reward the Bitrue community. The campaign features an AMA session with Aethir's co-founder, a trading competition, and a staking campaign for Aethir (ATH) and Bitrue Token (BTR). Aethir ATH is a decentralized project providing on-demand GPU infrastructure for gaming, AI research, and development. Bitrue, launched in 2018, is a digital asset exchange supporting trading, loans, and investments, aiming to bring financial opportunities to everyone using blockchain technology.

Binance Simple Earn has introduced a new update for IoTeX (IOTX) Locked Products, offering users the opportunity to earn up to 11.9% APR rewards. The promotion period for this offer is from June 13, 2024, to July 13, 2024. Users can subscribe to the IOTX Locked Products on a first-come, first-served basis, with minimum subscription amounts and maximum limits applying. The rewards will be distributed daily, and users can start earning by heading to the Earn section and selecting the desired duration for their subscription. It's important to note that Binance reserves the right to adjust the APR at any time after the promotion period. Additionally, users can enable the 'Auto-Subscribe' function to automatically renew their existing Locked Products position into a new one of the same duration upon expiry. Early redemption is also available, but users will not be entitled to any rewards if they choose to redeem their assets in advance. The promotional APR is partly sponsored by Binance's token partner, allowing for a competitive and/or boosted APR for users.

Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the technological landscape. DePIN projects, which combine blockchain with physical infrastructure, are set to transform resource management and information processing in 2024. Here's a look at the top AI & DePIN projects to watch this year: DePIN projects integrate digital blockchain capabilities with physical infrastructures like data storage and power grids. They aim to disrupt sectors traditionally controlled by central authorities. Notable projects include: - **Filecoin (FIL)**: A decentralized storage network where users can rent out space for filecoin tokens. With over 1.7 billion EiB of data stored, Filecoin has introduced smart contracts through the Filecoin Virtual Machine (FVM). - **Helium (HNT)**: A decentralized wireless network for IoT devices, using a Proof of Coverage consensus algorithm. It incentivizes network coverage through HNT tokens. - **Akash Network (AKT)**: An open-source cloud computing platform connecting server owners with users needing cloud resources, operating on the Tendermint blockchain. - **NEAR Protocol**: A community-powered cloud platform with high transaction speeds, simplifying developer experiences with intuitive features. - **Arweave (AR)**: Known as 'the permaweb,' Arweave offers indefinite data storage through its blockweave technology. - **Theta Network (THETA)**: A blockchain-based video streaming network where users earn tokens by sharing bandwidth and compute resources. - **Render Network (RNDR)**: A decentralized GPU network for 3D rendering, connecting node operators with artists and developers. - **Node AI (GPU)**: Provides access to GPU and AI technologies, allowing users to participate in the AI ecosystem. - **Streamr (DATA)**: A decentralized data exchange for real-time data transactions, incentivizing data providers and consumers. - **Bittensor (TAO)**: Combines blockchain with machine learning, incentivizing nodes for AI calculations and governance. DePIN projects enhance security, scalability, and efficiency by connecting physical assets with blockchain technology. This integration forms a robust ecosystem with three layers: physical infrastructure, middleware, and the blockchain itself. The future of DePIN looks bright, with a growing market size and potential applications in various sectors. Investments in DePIN projects like Helium are considered promising for 2024. However, it's crucial to conduct thorough research before investing in any cryptocurrency project.

June 12, IoTeX ecosystem AI Layer2 project Network3 recently announced the launch of iOS applications, which have been launched on multiple platforms such as Windows, macOS, Android and Linux. Users can run Network3 nodes according to their device adaptation and get $N3 rewards. Network3 aims to help global AI developers efficiently, conveniently and economically perform large-scale reasoning, training or verification models. It currently has more than 200,000 nodes worldwide, covering 181 countries or regions. IoTeX is a modular AI+DePIN infrastructure platform. Through the unique ioID of physical devices, the physical world data verification platform W3bstream, the visual AI+DePIN data center DePINscan, etc., it can help AI and DePIN projects access Web3 efficiently and at low cost, so as to achieve the possibility of large-scale application. The IoTeX ecosystem has developed rapidly this year. AI and DePIN projects in multiple scenarios, including AI, distributed computing power, energy systems, smart wearables, etc., have been or will be developed and deployed based on IoTeX's modular support.

McLaren Artura GT4's engine performance data will be recorded on the blockchain, providing real-time analysis during testing at Circuit de Spa-Francorchamps. Race Lab, a British GT Championship team, will use a blockchain-powered data tracker to log 20 parameters, such as ignition timing and steering angle, enhancing performance monitoring. The integration of Minima's DePIN data logger with Influx Technology allows for real-time data collection, which recently helped engineers identify and resolve a wheel turn radius fault. This technology not only ensures data integrity and vehicle history for resale value but also aids in compliance with racing regulations. Furthermore, it has the potential to improve fan engagement through live data streaming for sim racing.

Aethir's decentralized cloud computing network has launched on the Ethereum mainnet, with its native token ATH experiencing a 100% surge in value within two hours of its launch. The platform allows users to rent high-performance computing resources for AI training and digital content rendering. Aethir's economy is driven by ATH, which is used for staking, fast payments, governance, and security within the ecosystem. The protocol has already gained support from NVIDIA and HPE, and its user base has exceeded 500,000 on the testnet. Aethir also offers a staking program for users to secure and expand its distributed GPU network, with rewards provided in partnership with gaming and AI entities.

Decentralized physical infrastructure networks (DePINs) are gaining momentum in the Web3 space, with projects like XYO allowing users to contribute resources like hard drive space or bandwidth to power decentralized networks. Markus Levin, co-founder of XY Labs, discusses the potential of DePINs to make AI more trustworthy by providing provenance for data, which can be crucial in fields like medicine. He believes DePINs are scalable and meet real client needs, without a market bubble, and have already helped onboard millions to the crypto space, potentially driving mass adoption.

Aethir, a Decentralized public infrastructure network, has launched its cloud network on the Ethereum mainnet, enabling data centers and crypto mining firms to contribute idle GPU resources. The platform serves AI companies, gaming studios, and operates across Southeast Asia, Latin America, and North America. Aethir has reached a $150 million valuation after a pre-funding round and introduced a staking program for users to grow its distributed GPU network, offering rewards from gaming and AI partners.

DePin's Aethir has achieved a significant milestone with its ATH token listing on over 16 centralized crypto exchanges, including OKX, Gate.io, and Bitfinex. The ATH token plays a crucial role in the ecosystem, serving as a medium of exchange, governance, staking, and ecosystem support. Crypto analyst Hitesh Malviya predicts a fully diluted valuation of $3 billion for ATH tokens, comparing it to Akash Network's AKT token. Despite some community disappointments, Aethir's approach of aggregating unused and new GPUs from various sources has attracted over 200,000 users and more than 20 node locations globally. The project has raised over $150 million from its node sales, providing a strong financial backing for sustainable growth.

DePIN, or decentralized physical infrastructure networks, offers a solution to centralization's limitations by integrating community-driven blockchain technology into a distributed, incentivized system. This allows individuals to participate in managing physical infrastructure without centralized providers. DePIN's potential spans across sectors like IoT, cloud computing, and logistics. However, it faces challenges such as scalability, with current blockchain infrastructure struggling to handle DePIN's transaction volume, especially in real-time IoT applications. Projects like Render, Nosana, HiveMapper, and Helium have turned to the Solana chain for its speed but face issues with Solana's stability. Interoperability is also limited, often confined to specific ecosystems and adding complexity. Regulatory concerns arise due to DePIN's anonymous nature, which can attract illicit activities, and a lack of transparency in open-source models raises questions about user data security. Additionally, 'DePIN theaters' are projects that falsely present as decentralized, undermining true DePIN projects and posing risks to users.