Latest DePIN News

Last week marked a significant milestone in the blockchain ecosystem with the successful merge of the CUDOS token and blockchain with ASI. This transition involved halting the CUDOS mainnet and upgrading the Fetch.ai (ASI) mainnet within the Cosmos ecosystem. As a result of this merger, all CUDOS tokens have been migrated, and while they may still appear on platforms like Keplr and Mintscan, they are now historical records. The native CUDOS tokens are no longer in existence, and former holders are now encouraged to access and utilize their new FET tokens. A comprehensive guide has been provided to assist users in navigating this transition, including recommended wallets and methods to view their new tokens. The recommended wallets for managing FET tokens include the Cosmostation wallet and the ASI wallet, both of which support the ASI Alliance chain. Users are advised to manually enable the ASI Alliance chain in the Cosmostation wallet to view their tokens. For those using Keplr, logging into the CUDOS Intercloud platform will prompt the addition of the ASI Alliance chain, allowing users to see their FET tokens. However, it is important to note that Keplr may not display vesting schedules accurately, making the Cosmostation wallet a preferable option for full functionality. Mintscan is highlighted as the primary block explorer for viewing FET tokens, where users can also find their ASI addresses linked to their previous CUDOS accounts. To effectively use their new FET tokens, users are encouraged to utilize either the Cosmostation wallet or the ASI wallet for staking and managing their tokens. The process includes importing their CUDOS account into the Cosmostation wallet and enabling the ASI Alliance chain for visibility. Mintscan serves as a platform for staking, undelegating, and managing tokens, while the ASI wallet allows for direct access to the ASI Alliance account. For those with Ledger devices, Mintscan supports hardware wallet connections, providing a secure method to manage FET tokens. Overall, this merger represents a pivotal development in the blockchain landscape, enhancing the utility and accessibility of tokens within the Cosmos ecosystem.

In October, Wingbits has made significant strides in enhancing its flight tracking capabilities, marking a busy month for the community. The company has partnered with GEODNET and HYFIX to introduce innovative flight-tracking hardware, which is now available for pre-order. These nodes are designed to collect real-time ADS-B data, rewarding users for their contributions. Early adopters can benefit from a $100 discount on their pre-orders, with deliveries scheduled to begin in January 2025. Interested customers can purchase the hardware through various trusted distributors across the globe. The Wingbits network has also reached a milestone, surpassing 2,000 active stations worldwide, thanks to the support of its community. This expansion sets a new standard for real-time aviation data, and users are encouraged to explore the upgraded network map to view all active stations and aircraft layers. Additionally, Wingbits hosted a live AMA session with GEODNET, addressing community questions and discussing future plans. The company has launched an Ambassador Program on Zealy, inviting enthusiastic members to help promote the project and connect with other innovators. To engage the community further, Wingbits held a global hardware giveaway, with three winners selected to receive the first-ever Wingbits-approved flight-tracking devices. The company also highlighted the importance of community-driven solutions in flight tracking, emphasizing the accessibility of tracking over 30 million flights globally in 2024 through ADS-B technology. As the month wraps up, Wingbits encourages users to share their experiences and setups on social media, fostering a vibrant community dedicated to aviation and data accuracy.

Manta Network has recently announced a strategic partnership with Aethir, a prominent decentralized cloud infrastructure provider. This collaboration aims to deliver high-performance GPU access to applications within the Manta Network ecosystem, significantly enhancing scalability and cost-efficiency. The partnership is particularly beneficial for resource-intensive applications in sectors such as artificial intelligence (AI) and gaming, where performance and cost are critical factors. By leveraging Aethir's capabilities, Manta Network seeks to optimize the performance of applications while reducing operational costs, making it an attractive option for developers. For developers building on the Manta Network, this partnership opens up new avenues for innovation. They can now utilize Aethir's DePIN stack, which provides scalable and affordable high-performance computational power. This is especially advantageous for applications that require intensive processing, allowing developers to access robust computing resources without incurring the high expenses typically associated with centralized cloud services. The ability to expedite research and development will enable faster market entry and innovation, ultimately enhancing the overall performance of applications within the Manta Network ecosystem. Aethir stands out as a pioneer in decentralized GPU-as-a-service platforms, specifically designed for AI and gaming applications. With a globally distributed network of over 43,000 GPUs, including more than 3,000 NVIDIA H100s, Aethir offers competitive pricing and exceptional computational resources. This decentralized approach minimizes latency and maximizes resource utilization, providing developers with an efficient and cost-effective solution for scaling their projects. Manta Network, recognized as the largest modular Layer 2 scaling solution on Ethereum, continues to attract significant investments and support, further solidifying its position in the web3 landscape.

Crust Network has made significant strides in its technical development, recently releasing SManager v2.0.4, which enhances the Crust ecosystem by dynamically adding commonly used gateways to improve data retrieval success rates. Additionally, SWorker v2.0.1 has been launched, updating the IAS Attestation URL due to the expiration of the previous one. The establishment of an XCM channel between Crust, Bifrost, and Moonbeam marks a pivotal integration, while ongoing development aims to port the latest IPFS Kubo code to Crust. Other improvements include optimizations for public gateways and upgrades to collator servers for the Kusama parachain, reflecting a commitment to enhancing the overall infrastructure and user experience. In terms of ecosystem collaboration, Crust Network is actively engaging with various projects to enhance decentralized storage solutions. The partnership with Wentools aims to simplify no-code NFT minting and decentralized storage on the Algorand platform, allowing users to mint NFTs and manage storage seamlessly. Moreover, Crust Network is collaborating with Yoghurt Cloud to optimize IPFS, which is crucial for improving data availability in Web3. The recent exploration of the intersection between AI and crypto by Coinbase Ventures highlights Crust's role in the evolving data landscape, emphasizing the importance of robust storage solutions for AI applications. Community engagement remains a priority for Crust Network, as evidenced by its participation in various forums and discussions. The recent Twitter Space hosted with U2U Network focused on the future of decentralized storage and blockchain infrastructure. Additionally, Crust Network's involvement in the Digital Economy Innovation Forum in Shanghai and the Ton Grants Program Twitter Space showcases its commitment to fostering collaboration and innovation within the blockchain community. These efforts not only enhance Crust's visibility but also contribute to the broader adoption of decentralized technologies.

The European Commission has introduced the Data Act, a groundbreaking regulation designed to address significant challenges and unlock the potential of data within the EU. This regulation, alongside others like the Data Governance Act and GDPR, aims to create a more controlled yet consumer-friendly digital ecosystem. For stakeholders in Decentralized Physical Infrastructure Networks (DePIN) and Web3, the Data Act raises critical questions about its impact on decentralized technologies. Instead of viewing regulation as an obstacle, it can be seen as a pathway to innovation, where a more structured environment encourages creativity and the development of new solutions. The Data Act seeks to dismantle data silos and harmonize access to data across the EU, ensuring that all data generated from connected products, such as IoT devices, is accessible. This regulation applies not only to EU-based companies but also to non-EU original equipment manufacturers (OEMs) that wish to access EU markets. By mandating fair access and usage of data, the Data Act aims to level the playing field, compelling companies to adopt practices that promote data sharing and user empowerment. This shift is expected to spur new data-driven innovations that benefit both businesses and consumers alike. As data access becomes more equitable, the demand for real-time, high-quality data is increasing. DePIN projects, like Streamr, are positioned to bridge the gap between data supply and demand. By facilitating real-time data aggregation and pooling individual data streams into larger datasets, these projects can meet the needs of data buyers while maintaining user privacy. Moreover, solutions like Data Unions help contributors monetize and manage their data collaboratively, promoting a fairer and more accessible data economy. The combination of regulatory changes and innovative technologies could significantly transform the landscape of data sharing and utilization in the coming years.

Asa, the head of io.net for the Asia-Pacific region, has confirmed attendance at the upcoming "DeInsight 2024" annual summit, scheduled for November 11 in Bangkok during Devcon. io.net is a decentralized computing network designed to support the development, execution, and scaling of machine learning applications on the Solana blockchain. The platform boasts the world's largest GPU cluster, aggregating 1 million GPUs from underutilized resources such as independent data centers, crypto miners, and projects like Filecoin and Render. This innovative approach addresses the need for vast computing power by creating a decentralized physical infrastructure network (DePIN), making it accessible, customizable, cost-effective, and easy to implement for engineers. The "DeInsight 2024" annual summit will be held at Hotel Nikko Bangkok and is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer. The event aims to gather over 1,000 industry elites from the Web3 field to exchange insights and discuss the latest trends and developments in the blockchain space. A highlight of the summit will be the unveiling of the RootData List 2024, which ranks influential individuals and institutions in the industry based on objective data analysis. This annual ranking is expected to provide valuable insights into the key players shaping the future of blockchain technology. ChainCatcher emphasizes the importance of viewing blockchain developments rationally and encourages attendees to enhance their risk awareness regarding virtual token issuances and speculations. It is crucial for participants to understand that all content provided on the platform is market information or opinions from related parties and should not be interpreted as investment advice. The organization also encourages readers to report any sensitive information they may encounter, ensuring a responsible and informed community engagement.

In the early hours of November 2, the price of Grass (GRASS) cryptocurrency was on the verge of reaching the $2 mark, but a significant 23.34% drop over the past 24 hours has interrupted its impressive week-long rally, bringing the price down to $1.35. This decline raises concerns about the potential for further decreases in GRASS's value. The recent analysis indicates that the bearish sentiment is gaining traction, suggesting that the price may continue to fall from its current level. Grass is a layer-2 Decentralized Physical Infrastructure Networks (DePIN) project built on the Solana blockchain, which launched its native token on October 28. Initially, the altcoin experienced a remarkable surge of 100% within just a few days, aided by an airdrop distribution to users. However, this increase has now diminished to a 67% gain over the past week. The Bull Bear Power (BBP) indicator, which assesses the strength of buyers versus sellers, has fallen into negative territory, indicating that bearish forces are currently dominating the market. Further analysis of the 1-hour chart reveals a double-top pattern, which typically signals a potential trend reversal. This pattern suggests that GRASS may have reached its local peak, with predictions indicating a possible decline to $1.08. However, if bullish traders can maintain support at $1.29, there is a chance for a rebound to $1.63. Investors are advised to stay vigilant and conduct thorough research as market conditions continue to evolve.

Siacoin (SC) has emerged as a notable player in the cryptocurrency market, currently priced at $0.00411670. As the crypto landscape continues to evolve, Siacoin's decentralized cloud storage platform, which leverages blockchain technology, has attracted significant attention. The platform aims to optimize underutilized hard drive capacities globally, making it a compelling option for investors looking for potential growth in their portfolios. Analysts predict that Siacoin could reach a maximum price of $0.00910 in 2024, contingent on successful adoptions and collaborations within the ecosystem. Looking ahead, the price projections for Siacoin suggest a steady upward trajectory. By 2025, the altcoin is expected to enhance its user experience and security, with price estimates ranging from a low of $0.00455 to a high of $0.0118. The projections for subsequent years indicate a continued bullish sentiment, with potential highs of $0.0449 by 2030. This optimistic outlook is supported by the growing demand for secure, decentralized cloud storage solutions, which Siacoin aims to provide. Market analysts have varied predictions for Siacoin's price, with estimates from different firms suggesting potential highs and lows that reflect the volatility of the cryptocurrency market. Despite the challenges posed by market fluctuations and negative sentiment, Siacoin's innovative approach positions it favorably for future growth. Investors considering Siacoin should remain informed about market trends and developments, as the altcoin appears to be on a promising path towards significant appreciation in value over the coming years.

As the Hivemapper Network celebrates its second anniversary, it reflects on a remarkable year of growth and innovation. Launched two years ago, Hivemapper has become the fastest-growing mapping project globally, achieving an impressive 28% coverage of the world's roads—five times faster than Google Street View. Despite facing hardware shortages, the network has outpaced other crowdsourced mapping initiatives, attracting significant interest from major mapmakers and industries such as automotive and logistics. The rising demand has resulted in over 6 million HONEY tokens burned, showcasing the project's increasing utility and adoption. The integration of AI into the mapping process has been another highlight, with Hivemapper's AI Trainer pipeline evolving into a robust data generation and validation system. This initiative has garnered attention from investors, who see the potential for AI Trainers as a standalone service. Marketing efforts have positioned Hivemapper at the forefront of Decentralized Physical Infrastructure (DePIN), with endorsements from notable entities like A16Z and Binance. The liquidity of HONEY tokens has improved significantly, with listings on major exchanges and a remarkable 50-fold increase in market cap since the project's inception, despite the challenges posed by a volatile crypto market. Looking ahead, Hivemapper's roadmap for Year 3 is ambitious. The focus will be on expanding the HONEY economy, increasing map coverage, and enhancing customer engagement. Plans include launching next-generation dashcams, refining tokenomics, and fostering a developer ecosystem through grants and APIs. The network aims to innovate in consumer navigation and fleet intelligence while ensuring transparency and decentralization. As Hivemapper continues to evolve, it remains committed to its vision of a community-driven mapping future, encouraging contributions that will shape the landscape of geospatial services for years to come.

The Solana-based decentralized physical infrastructure network (DePIN) project, Grass, has recently gained significant attention following its GRASS token airdrop on October 28. This governance token has seen an impressive price rally of 125% in just three days, with the current trading price at $1.82. The market capitalization has surged to $450 million, and daily trading volumes have exceeded $400 million, making it one of the trending cryptocurrencies this week. The airdrop was notable for being the largest within the Solana ecosystem, with nearly 1.5 million addresses participating, surpassing the previous record held by the decentralized exchange Jupiter. One of the primary drivers behind the GRASS token's price surge is the anticipation of listings on Tier-1 exchanges. Additionally, the futures open interest for the token has increased by 73% to $90.33 million, while the daily trading volume for GRASS futures has jumped by 146% to $1.30 billion. The project itself is unique, featuring an open internet-scale web crawl that collects and validates data for AI training, rewarding users with GRASS tokens. Andrej Radonjic, CEO of Wynd Labs, emphasized that this project allows users to reclaim ownership of their bandwidth, a shift from traditional extractive models in the industry. The GRASS token rally is supported by various market trends, including a resurgence in Token Generation Events (TGEs) and a shift in investor focus from meme coins to utility tokens. The DePIN sector continues to attract interest, and the evolving tokenomics of GRASS, which includes a 25% initial unlock, has proven effective in boosting momentum. Despite not being listed on Binance, GRASS has achieved nearly $500 million in trading volume, reflecting strong demand. The initial valuation strategy of starting lower has also contributed to community gains and market enthusiasm for the token.