Latest DePIN News

Tesla drivers can now unlock significant savings through a new initiative by Roil, which integrates with the DIMO protocol. This innovative program allows Tesla owners to earn up to $200 annually by simply charging their vehicles. By transforming charging data into VERRA-certified carbon offsets, Roil sells these offsets on carbon markets and redistributes the proceeds back to participating vehicle owners in the form of $DIMO tokens. This means that each time a driver charges their Tesla, they not only power their vehicle but also contribute to carbon offset programs typically reserved for larger fleets. To participate, Tesla drivers need to connect their vehicles to the DIMO network. Those who sign up will receive a $15 advance in $DIMO and can earn retroactive rewards if they have been connected since 2023. The program is designed to reward drivers based on their charging activity, with payouts occurring annually each spring. However, there are some exclusions for residents in specific regions, such as Washington, California, and Oregon, as well as for apps that already claim offsets. Currently, this program is being piloted in the United States, with plans for expansion to Europe in 2025 and potentially to other electric vehicle models in the future. This partnership marks just the beginning of what DIMO aims to achieve, with more exciting opportunities on the horizon for drivers to leverage their vehicle data. Tesla owners are encouraged to sign up for the Roil offer to start reaping the benefits of this groundbreaking initiative.

In a recent ask-me-anything (AMA) session, Mariela Tanchez, the Business Development Lead at IoTeX, shared insights on the transformative potential of Decentralized Physical Infrastructure Networks (DePIN). The discussion highlighted how DePIN empowers users to monetize their data while providing scalable infrastructure solutions. Tanchez emphasized that traditional centralized companies often profit from user data without offering any compensation. DePIN shifts this dynamic, allowing users to control their data and earn rewards for sharing it, thus creating a more equitable ecosystem. Tanchez elaborated on the scalability advantages of DePIN, noting that as demand for technology grows, centralized systems struggle to keep pace. By decentralizing infrastructure, individuals can contribute resources such as devices and computing power, effectively distributing the load across a network. This not only enhances efficiency but also addresses the increasing demands of modern technology. Tanchez believes that DePIN is not merely a trend but a significant paradigm shift that prioritizes user empowerment, scalability, and privacy. Industries such as telecommunications, transportation, and energy stand to be significantly impacted by DePIN, according to Tanchez. She pointed out that individuals can now monetize their contributions in ways that were previously dominated by centralized firms. To get involved in the DePIN space, Tanchez suggested investing in devices or tokens of credible projects and emphasized the importance of research and community engagement. With IoTeX's commitment to creating a fair and inclusive ecosystem, the future of decentralized technology looks promising, and Tanchez is excited for more people to discover its potential.

In November, significant advancements were made in the project, highlighted by the launch of a hardware sale and the development of a new distribution protocol based on AO. The existing Smartweave logic has been rewritten in Lua, leading to the introduction of new AO contracts. The Relay registry logic has transitioned from a centralized Validator server to an Operator contract, while the distribution has evolved into a Rewards contract that now includes various reward categories such as geolocation and uptime rewards. This shift marks a crucial step towards decentralization, allowing relays to sign directly with their anonymous keys. Additionally, the supporting 'glue' servers have been redesigned for improved reliability and speed, ensuring that processes like event responses and reward deliveries are handled more efficiently. The hardware aspect of the project has also seen progress with the launch of the second major hardware sale, in collaboration with Ampchampment. Customers can now purchase units using Credit Card, PayPal, or cryptocurrency. Enhancements have been made to the hardware, including the introduction of a new router mode that incorporates IPTables and DNS logic for secure traffic management. The upcoming batch of hardware features a fully programmable shield board and improved cooling components, ensuring better performance and user experience. On the network and applications front, the development team has released a new version of the anon binary and is focusing on hidden services, transitioning from .onion to .anon names. This change necessitates redeployment of existing hidden services. Moreover, a public release of the Anyone SDK has been made, showcasing innovative projects from the community. The Anyone Desktop VPN has also undergone UI/UX improvements and is set for internal testing. As the project shifts its focus towards user-friendly applications, it aims to enhance privacy for all users, marking a pivotal moment in the evolution of the Anyone Ecosystem.

The XYO Network has recently demonstrated a bullish trend, particularly noticeable on the hourly timeframe. With a significant price increase of 185% within just 24 hours, most of these gains occurred in a rapid six-hour window, indicating strong buying pressure. Currently, the asset, which boasts a market capitalization of $443 million, is facing a temporary resistance at the $0.02 level, while the next support for buyers is positioned at $0.0284. Observations from the chart suggest that if XYO can maintain an hourly close above $0.032, it will solidify its bullish market structure. Conversely, a drop below $0.0284 could signal a potential retracement towards $0.0217 or lower. The recent price movements of XYO have been marked by notable volatility, including an impressive 81% rally over 24 hours on November 18th and 19th, followed by a 26% retracement. Despite this pullback, XYO managed to consolidate around the $0.009 area before making another upward move on December 2nd. The analysis of retracement levels reveals an initial impulse move from $0.00857 to $0.0199, showcasing a 131% increase in a mere 21 hours. The On-Balance Volume (OBV) has also surged, indicating heightened demand, while the Money Flow Index (MFI) reflects the prevailing bullish momentum. Despite the overall bullish sentiment in the altcoin market, which is nearing its all-time high of $1.13 trillion, caution is warranted. A bearish divergence on the MFI in the 4-hour chart suggests a possible short-term price dip. Investors are advised to remain vigilant and hold their positions until the higher timeframe conditions indicate a shift. The current landscape suggests that while XYO is poised for further gains, not all tokens will experience the same level of performance in this bullish market environment.

In today's digital age, data has become a vital commodity, integral to both personal and business interactions. However, the majority of this data is managed through centralized cloud services, which often leads to significant issues such as limited user control, high costs, and increased vulnerability to data breaches. A recent report highlights that nearly half of the tech industry views data privacy and security as paramount concerns. This centralized model creates a bottleneck, prompting the need for innovative solutions that prioritize user autonomy and data integrity. Decentralized Physical Infrastructures (DePINs) emerge as a transformative alternative, leveraging blockchain technology to distribute data storage and processing across a network of users rather than relying on massive data centers. This shift not only enhances privacy and security—by eliminating single points of failure—but also allows users to become active participants in the infrastructure. As more individuals join the network, the system organically scales, offering a self-sustaining solution that can adapt to growing data demands. With DePINs, users can regain control over their data, reducing the risks associated with centralized servers that are frequently targeted by cyberattacks. Functionland's FxBlox device and the Fula Network exemplify the DePIN philosophy, enabling users to transform their personal devices into integral components of a decentralized cloud. This approach not only enhances security and control but also presents potential cost savings by reducing overhead expenses associated with traditional cloud services. The partnership between Functionland and Streamr further amplifies the capabilities of these devices, allowing users to rent out their bandwidth and participate in a decentralized streaming ecosystem. As the landscape of data management evolves, embracing DePINs could herald a new era of user-centric, secure, and scalable internet solutions.

As of December 4, 2024, Roam has officially claimed the top position globally for hardware node count, as reported by DePINscan. Utilizing OpenRoaming™ technology, Decentralized Identifiers (DIDs), and Verifiable Credentials (VCs), Roam allows users to connect to WiFi without the hassle of multiple credentials or lengthy login processes. This innovative approach, combined with a robust community incentive mechanism and a free-to-use business model, has led to rapid user growth. Currently, Roam supports over 4 million OpenRoaming WiFi hotspots and 890,000 self-built nodes across more than 190 countries, boasting over 1.5 million registered users and an impressive average of 500,000 daily user interactions. The platform has successfully transitioned numerous traditional users into the Web3 ecosystem through its latest eSIM product, exemplifying mass adoption of Web3 applications. Roam's user growth strategy is anchored in product design, integrating Roam WiFi connectivity and eSIM services. The token-incentive model encourages users to contribute to the network's development by validating WiFi nodes, attracting traditional users to collaboratively build the WiFi network. Roam's eSIM offerings include the Roam Global eSIM, which operates in over 160 countries with an innovative Top-up mechanism to prevent data wastage, and the Add-on eSIM, which provides access in regions lacking roaming services. The introduction of Roam eSIM has significantly increased traditional user participation, pushing app registrations past 1.5 million and expanding the network to nearly 5 million global WiFi access nodes. Committed to establishing a next-generation global open wireless network, Roam employs a Physical Layer 1 (L1) approach to deliver a free, secure, and seamless user experience. By maintaining a location and time-based data ledger, Roam aims to enhance both supply and utilization growth through token incentives while promoting community-based management. This strategy reflects Roam's mission to cultivate a more open and diverse ecosystem, fostering long-term value for users. Transitioning from conventional reward systems to nurturing deeper relationships, Roam positions every user as a stakeholder in the network-building process, sharing benefits and creating transformative opportunities for the community. As a pioneer in the decentralized network landscape, Roam is set to revolutionize connectivity between devices, humans, and AI agents, paving the way for sustainable growth and a more interconnected digital future.

375ai Revolutionizing Data Processing at the Edge As the world becomes increasingly interconnected through millions of smart devices, the demand for rapid data processing at the edge—right where the data is generated—is greater than ever. Edge AI enables intelligence where data is generated, on highways, bustling streets, in hospitals, and retail stores. It operates at the network's edge, making sense of the unstructured, real-time data that represents our world. 375ai has been at the forefront of Edge AI innovation, leveraging cutting edge proprietary hardware and strategic partnerships to pioneer the world’s first decentralized edge data intelligence network. After years of development, we’re thrilled to announce the launch of the 375go Discovery Testnet. Why Edge AI and Why Now? Edge AI deploys artificial intelligence on devices throughout the physical world, bypassing the need for centralized cloud processing. Recent advancements in AI, Internet of Things (IoT) devices, and computing infrastructure make edge AI not just possible but essential. The benefits include: Real-time Decision-Making, Increased Privacy, Reduced Costs, Adaptability, and Resilience. The explosive growth of IoT devices has resulted in a deluge of data—from a wide variety of sensors to mobile phones and traffic cameras. Instead of sending all this data back to centralized servers for analysis, edge AI makes it possible to process and act on that data locally. This results in lower costs, faster response times, enhanced privacy, and even autonomy in the absence of internet connectivity.

Coinbase Platform IOTX Price Surges to $0.09, IoTeX Gains Momentum in DePIN Ecosystem On December 3rd, BlockBeats reported that in the early hours of today, the price of IOTX on the Coinbase platform experienced a surge, briefly touching $0.09. Currently, prices on various mainstream trading platforms have risen to around $0.06, marking a more than 50% increase in the past 7 days. With the recent rise in popularity of the DePIN track, IoTeX, as a foundational infrastructure platform, has been actively making moves. The DePIN ecosystem season activities initiated by IoTeX have significantly increased on-chain data, with the number of monthly active addresses surpassing 120,000. DePIN and AI-related memes have attracted a large number of new users. Amid the opening up of the encryption policy by the Trump administration, projects that have been deeply cultivating the industry for many years are gradually gaining market attention. It is reported that the IoTeX team has been invited to attend a seminar organized by the Washington Blockchain Association next week. They will engage in in-depth discussions with American politicians on the compliant development and policy prospects of the Internet of Things, DePIN, and IoTeX.

In a significant development for home-based mining, Streamr, a decentralized real-time data network, has partnered with JDI, a leader in decentralized physical infrastructure networks (DePIN). Together, they are launching the Terminal Multi-Miner, a device that combines multi-token mining capabilities with participation in decentralized protocols. This innovative mining solution aims to provide users with a seamless way to engage with DePIN and the decentralized economy from their homes. The Terminal Multi-Miner supports various cryptocurrencies, including $DATA and $ANYONE, and features a modular design that allows for customization and efficiency in mining operations. The upcoming Terminal T2 model, set to launch in Q1 2025, will enhance the multi-token mining experience by integrating with the Streamr Network. This model will enable users to mine $DATA while contributing to the Streamr protocol, thus simplifying their participation in the ecosystem. The Terminal Multi-Miner is designed to be user-friendly, with plug-and-play functionality that lowers technical barriers, making advanced crypto-mining technology accessible to everyday users. JDI's founder, Yiming Wang, expressed excitement about leveraging Streamr's technology to create a unique mining experience tailored for Web3 users. Matthew Fontana, CEO of Streamr, emphasized the importance of this collaboration in advancing DePIN and decentralized data networks. By providing an accessible entry point for users to engage with the Streamr Network and other Web3 protocols, they aim to enhance the decentralization and scalability of DePIN, which is crucial for its long-term success. With JDI's proven track record in hardware manufacturing and Streamr's expertise in scalable P2P infrastructure, the Terminal Multi-Miner represents a promising step towards making decentralized physical infrastructure a mainstream reality.

On November 26, Binance founder Zhao Changpeng expressed his views on meme coins, stating that while he does not oppose them, the focus on such coins has overshadowed promising blockchain projects. This sentiment highlights the potential of projects like Network3, a decentralized edge AI infrastructure that aims to disrupt the AI landscape dominated by large tech firms. By integrating blockchain technology with decentralized physical infrastructure networks (DePIN) and federated learning, Network3 provides a collaborative framework for AI developers while ensuring data privacy and security. The project has seen remarkable growth, with over 100,000 new nodes added recently, bringing its total to over 507,261 across 188 countries, positioning it as a significant player in the DePIN sector. The market outlook for Network3 is promising, particularly as the DePIN and Edge AI sectors are poised for substantial growth. According to reports, the DePIN market could reach approximately $2.2 trillion by 2024 and $3.5 trillion by 2028, while the Edge AI market is expected to grow from $27.01 billion in 2024 to $269.82 billion by 2032. Despite the current market capitalization of the DePIN sector being only $1.33 billion, the potential for rapid growth is evident as more developers and enterprises engage with this technology. Network3's unique combination of DePIN and Edge AI not only enhances data privacy and efficiency but also opens new avenues for investment and application. In terms of token economics, Network3 has a clear model with a total supply of 1 billion tokens, 75% of which is allocated to community incentives through mining and AI model training. The project has successfully secured $5.5 million in funding from notable investors, which will support its technological advancements and global expansion. As the Token Generation Event (TGE) and airdrop approach, Network3 is set to enter a new growth phase, making it an attractive opportunity for long-term investors. With its innovative approach and strong market positioning, Network3 is well-positioned to become a key player in the decentralized AI and DePIN landscape.