Latest DePIN News

The Arkreen Foundation has introduced a structured token burn plan for its $AKRE token, aimed at ensuring long-term sustainability and enhancing the ecosystem's value. This initiative will see 80% of the service fees generated from on-chain utility revenue, paid in $AKRE tokens, being burned, while the remaining 20% will be allocated to fund the operational expenses of the foundation. Notably, a significant milestone is set for November 2024, when a one-time burn of 10,394,544 $AKRE tokens will occur, representing 80% of the total service fees collected by the end of October 2024. Following this, monthly burns will be implemented based on the previous month's service fee revenue, creating a continuous cycle of token reduction. The importance of the $AKRE token burn lies in its potential to permanently decrease the total supply of $AKRE tokens, thereby enhancing their value as a utility token. By aligning the burn plan with genuine on-chain green asset growth, Arkreen ensures that the utility of its token remains sustainable and reflective of the ecosystem's external value capture. This initiative is a critical step in Arkreen's mission to establish a decentralized renewable energy network and promote inclusive climate action, positioning $AKRE as a key player in the global push for carbon neutrality. As a utility token, $AKRE plays a vital role in facilitating transactions within Arkreen's ecosystem, including the issuance and trading of tokenized renewable energy certificates and green energy assets. The dual approach to value creation—supply-side and demand-side—ensures that as renewable energy activities increase, so does the intrinsic value of $AKRE. The foundation's commitment to burning tokens not only incentivizes climate-positive actions but also supports the economic sustainability of its decentralized green asset network. Stakeholders are encouraged to stay updated on the upcoming burn events and the ongoing developments within the Arkreen ecosystem.

Kage, developed by Chirp, is emerging as a revolutionary solution in the gaming industry, particularly in the realm of geolocation data. Unlike traditional games like Pokémon Go, which have been criticized for collecting user data without consent, Kage empowers players by rewarding them for their contributions to building a global geolocation database. This innovative Play-to-Earn model not only allows users to earn cryptocurrency but also plays a vital role in enhancing indoor navigation services, an area that has seen limited advancements despite the growing demand for precise indoor positioning systems. The indoor positioning market is projected to grow significantly, and Kage aims to capitalize on this by gamifying the process of data collection through real-world activities. The gameplay of Kage immerses players in a narrative where they act as Data Hunters in a future where connectivity has collapsed. Guided by an AI named Murray, players engage in activities such as walking or driving to detect wireless signals, which they convert into in-game points called Data Chips. These chips not only enhance the player's status on leaderboards but also translate into tangible rewards in the form of $CHIRP tokens. The game incorporates elements like missions, quests, and community-driven features, ensuring that players remain engaged while contributing to a larger purpose — the restoration of connectivity and the creation of a robust indoor navigation ecosystem. Kage also introduces exciting campaigns like Wings of Chronos, where players hunt for rare items that unlock additional rewards. By shifting the data collection model from corporate giants to the community, Kage not only provides financial incentives for players but also democratizes access to valuable geolocation data. This approach positions Kage as more than just a game; it is a platform that bridges the gap between gaming, IoT, and decentralized technology, ultimately reshaping the future of how we interact with our environments and the data we generate.

Kage is revolutionizing the mobile gaming landscape with its launch as the first-ever DePIN Play-to-Earn game. Players engage in indoor navigation and low-power wayfinding solutions while earning cryptocurrency by detecting wireless networks. The game rewards participants with $CHIRP tokens for contributing to the creation of a community-owned geolocation database. Currently in its alpha pre-TGE release, Kage allows players to earn tokens even before the Token Generation Event (TGE), with two stages of reward distribution planned: one shortly after the TGE and another before the main game release. To get started with Kage, players must download the app, which is currently available only on Android devices. After installation, users can create an account or sign in, guided by an in-game assistant named Murray. The game features multiple interfaces, including a scanning screen where players can detect wireless signals and earn Data Chips. The gameplay encourages players to explore their surroundings to detect various network types, including Wi-Fi, Bluetooth, and cellular towers, while adhering to specific rules to ensure fair play and accurate data collection. In addition to the core gameplay, Kage introduces a unique scoring system where players earn Data Chips based on the networks they detect. The game also features leaderboards to track player progress, with rewards distributed to top participants. As part of the ongoing development, Kage will soon launch the Wings of Chronos campaign, where players can hunt for rare objects and earn additional tokens. With Kage, players are not just gaming; they are actively participating in the evolution of decentralized infrastructure and the Internet of Things (IoT).

In the rapidly evolving landscape of blockchain technology, DRIFE is making significant strides to simplify user onboarding through its integration of Sui's zkLogin technology. This innovative solution addresses the common complexities that often deter potential users from exploring blockchain's vast potential. By allowing riders and drivers to access DRIFE's decentralized ride-hailing services using familiar Web2 credentials, such as Google or Apple accounts, zkLogin bridges the gap between traditional online experiences and the innovative world of Web3. The zkLogin method utilizes zero-knowledge proofs (ZKPs) to provide a secure and user-friendly wallet authentication process. One of the most notable advantages of zkLogin is its elimination of the need for private keys or seed phrases, which are often a source of confusion and security risks for users. By simplifying wallet creation and enhancing security without the complexity of traditional systems, DRIFE empowers users to engage with blockchain technology effortlessly. This approach not only minimizes the risks of lost keys and phishing attacks but also encourages broader adoption of Web3 by making it accessible to non-technical users. With zkLogin, DRIFE is redefining the ride-hailing experience by ensuring that anyone can participate in its decentralized ecosystem, regardless of their familiarity with blockchain. Users can book and pay for rides securely while enjoying the benefits of transparency and fair payments. The integration of zkLogin represents a significant leap forward in making blockchain technology more approachable, allowing users to unlock its potential without the usual technical hurdles. As DRIFE continues to innovate, it sets a precedent for how blockchain can be seamlessly integrated into everyday services, paving the way for a more inclusive digital future.

In a significant development for the decentralized AI landscape, Stratos has announced a partnership with Cortensor, a leader in decentralized AI inference networks. This collaboration aims to enhance decentralized AI infrastructure by integrating Stratos' robust decentralized storage and streaming solutions into Cortensor's innovative AI ecosystem. The partnership is set to provide secure and scalable data storage, ensuring that both public and private AI workloads can operate seamlessly and reliably, thereby improving overall network performance. One of the key features of this partnership is the introduction of real-time inference streaming capabilities. Stratos' advanced video streaming APIs will enable Cortensor to deliver instantaneous AI inference outputs, facilitating dynamic applications and user-driven tasks. This enhancement is expected to optimize performance for AI workloads, as Stratos' high-throughput infrastructure will improve node-to-node communication, ensuring efficient data flow even in high-demand environments. This is a crucial step towards making advanced AI tools more accessible and cost-effective. Both companies share a vision for a decentralized AI future, with Cortensor's Proof of Inference (PoI) and Proof of Useful Work (PoUW) systems validating tasks and rewarding contributors for meaningful work. Stratos, with its decentralized infrastructure supporting Web3 and AI solutions, boasts over 900 active global storage nodes and a capacity of 21 PB. This partnership not only exemplifies their commitment to innovation but also aims to unlock new possibilities for businesses, developers, and community-driven miners, ultimately building a more inclusive and scalable AI ecosystem. Stay tuned for further updates as they continue to push the boundaries of decentralized AI solutions.

Filecoin (FIL) has recently experienced a significant price surge, breaking past the long-standing resistance level of $4.83. This breakout is seen as a crucial technical advancement, as the altcoin had been trapped in a consolidation pattern for several months. Following this breakout, Filecoin's price reached $5.727, marking a 20.07% increase within just 48 hours. Analysts suggest that this rally is likely to continue, with the next key resistance level identified at $6.77, just 16% away from the current price. The growing confidence in Filecoin is further supported by data from Coinglass, which indicates that the OI-Weighted Funding Rate has been on an upward trajectory, reaching new local highs. This trend reflects an increasing bullish sentiment among market participants, as long-position holders are willing to pay a premium for their positions. The sustained positive Funding Rate suggests that investors are optimistic about Filecoin's near-term price movements, reinforcing the bullish outlook. Additionally, recent liquidation data highlights a substantial liquidation pool of 283.74K at the $6.262 price level, indicating strong market participation during the breakout. The Long/Short Ratio also shows a balanced distribution with a slight inclination towards long positions, suggesting that there is still room for further price increases before reaching excessive leverage levels. With the combination of rising Funding Rates, significant liquidation volumes, and a successful breach of the $4.83 resistance, the outlook for Filecoin's short-term price action appears increasingly bullish.

In recent developments within the cryptocurrency market, Bitcoin's dominance has seen a decline, as Ethereum and Bitcoin begin to reverse their trends. Notably, pro-crypto nominee Bessent has been selected for a position in the Treasury, indicating a potential shift towards more favorable policies for the crypto sector. Analysts like Van Eck predict that Bitcoin could reach $180,000 in this cycle, further fueling optimism among investors. Additionally, the Chicago Board Options Exchange (CBOE) is set to launch Bitcoin ETF-linked options in December, which could enhance market accessibility and liquidity. Meanwhile, the crypto community is facing challenges as the streaming platform PumpFun has come under fire for its content during live broadcasts. In a positive note for the industry, ZA Bank in Hong Kong has initiated crypto trading services, marking a significant step towards mainstream adoption in the region. Furthermore, Aethir has announced a $100 million investment in new crypto AI projects, showcasing the intersection of artificial intelligence and blockchain technology. This aligns with Salesforce CEO's vision of AI's future being dominated by agents. In other news, Cantor Fitzgerald has acquired a 5% stake in Tether, solidifying its position in the stablecoin market. However, Polymarket has decided to block French traders, reflecting ongoing regulatory challenges. The SEC commissioner is set to leave following Gensler's tenure, which may lead to changes in regulatory approaches. As the decentralized science (DeSci) movement draws parallels to early DeFi in 2019, the Monad project has rolled out its testnet, signaling continued innovation in the blockchain space.

In the rapidly evolving world of blockchain technology, Bless has emerged as a promising DePIN platform, recently launching its incentivized testnet. This platform, previously known as Blockless, aims to create a network of interconnected devices to meet the increasing computational demands of the AI sector. Users can participate in the project by simply downloading a browser extension, allowing them to share their bandwidth and contribute to the computational needs of various applications and decentralized services. In return, Bless rewards participants with tokens, fostering a community-driven model that shifts focus from institutional players to individual operators. The Bless platform's airdrop program is designed to be user-friendly, mirroring the successful model of its competitor, Grass. After downloading the browser extension, users can easily monitor their network-sharing activities through the Bless dashboard. To fully engage with the platform, users must activate a virtual DePIN device, or node, which facilitates communication with other infrastructures. Once operational, Bless automatically matches users' devices to appropriate workloads, allowing them to accumulate points effortlessly, which will later be converted into tokens. The anticipated airdrop is expected to occur by the second quarter of 2025, following the mainnet launch projected for early 2025. While the potential earnings from Bless's airdrop may not be life-changing, they should not be overlooked. Similar to Grass, which has provided users with substantial rewards, Bless offers an opportunity for users to earn without any financial commitment. The simplicity of participation—requiring only a device and an internet connection—makes it accessible to a broad audience. Furthermore, the growing interest in DePIN projects among crypto investors suggests that the initial listing of Bless tokens could yield favorable outcomes. Historical data from similar projects indicates that holding onto low-value airdrops can lead to significant gains, making Bless an attractive prospect for those looking to engage in the blockchain space with minimal effort.

In a significant move for the decentralized web hosting landscape, InFlux Technologies has acquired FluxRunner, a pioneering managed WordPress hosting service. This acquisition aims to enhance the performance, scalability, and affordability of WordPress hosting on the decentralized cloud. FluxRunner stands out as the first service to utilize FluxCloud's decentralized infrastructure, offering users a robust toolkit that includes automated backups and extensive scaling capabilities. With dedicated resources such as up to 12 core CPUs and 4 GB of RAM, FluxRunner promises seamless performance that is unmatched in the current market. FluxRunner is designed to elevate the WordPress experience by providing premium features like object caching, which accelerates website performance, and an embedded block editor for enhanced customization. These tools allow users to create unique designs and animations without sacrificing speed or exceeding budget constraints. The merger with Flux is set to expand FluxRunner's capabilities, enabling lightning-fast static asset delivery and massive computational power to ensure rapid page loading times. This collaboration marks a significant step towards creating a more decentralized and user-friendly internet. The CEO of InFlux Technologies, Daniel Keller, expressed enthusiasm about the acquisition, highlighting the alignment of FluxRunner's mission with their vision for a decentralized web. FluxRunner's founder, Onur Oztaskiran, echoed this sentiment, emphasizing the importance of building an accessible Web3 ecosystem. This merger not only enhances the offerings for WordPress users but also underscores a commitment to privacy, security, and data control. As Flux continues to innovate, it aims to redefine the standards of performance and affordability in the decentralized hosting space, with FluxRunner at the forefront of this transformation.

Filecoin (FIL), a blockchain-based digital storage platform, is showing signs of potential upside momentum after being confined to a tight trading range for nearly five months. Currently, the cryptocurrency is trading between the $3.18 and $4.80 levels, with a bullish market sentiment prevailing across the crypto landscape. Recent technical analysis indicates that FIL has formed a bullish price action pattern on its daily chart, gaining strong support from both traders and investors. As the price approaches the breakout level, aggressive trading activity has been noted, particularly as FIL nears the critical $4.80 resistance level. If Filecoin successfully breaks out of this consolidation zone and closes a daily candle above $4.80, analysts predict a potential surge of up to 47%, which could see the asset reaching the $7.20 mark. The current trading position above the 200 Exponential Moving Average (EMA) further supports the uptrend, while the Relative Strength Index (RSI) suggests that FIL is in oversold territory, indicating a possible rally. This positive outlook is bolstered by increasing trader participation, as evidenced by a significant rise in open interest (OI) over the past 24 hours. On-chain metrics reveal that FIL's OI has surged by 7.9% in the last day, reflecting heightened trader activity. Major liquidation levels are identified at $4.43 on the lower side and $4.75 on the upper side, with traders currently overleveraged at these positions. If the price rises to $4.75, nearly $1.5 million in short positions may be liquidated, while a drop to $4.43 could lead to the liquidation of approximately $6.21 million in long positions. Overall, the combination of bullish technical indicators and strong on-chain metrics suggests that Filecoin is poised for a breakout, with bulls currently dominating the market.