Latest DePIN News

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.

The Akash Accelerate Summit, held on May 28, 2024, in Austin, Texas, brought together top experts in Decentralized AI (DeAI) and Decentralized Infrastructure Network (DePIN). The historic event focused on exploring the potential of these technologies and their future development. The summit highlighted the partnership between DePIN and DeAI, with DePIN providing the necessary computing power for DeAI, enabling a more collaborative and democratic approach to AI development. Key takeaways from the summit included the growth of the Akash Network, real-world applications of DeAI, opportunities and threats of mass adoption, and the importance of privacy-preserving AI techniques. The event emphasized the role of DePIN as a foundation for DeAI, fostering innovation and equitable distribution of AI capabilities.

Aurory, a Solana-based game developer, has partnered with Nosana, a web3 infrastructure firm, to leverage its decentralized compute solutions to enhance gaming technology. Aurory will use Nosana's DePin to improve its games, including the recent revamp of Seekers of Tokane with the launch of Citrine. The partnership aims to incentivize players by using their idle GPU resources to power AI in-game characters, potentially revolutionizing the gaming industry. Nosana's GPU cloud promises rapid deployment at a significantly lower cost than traditional cloud providers, offering a game-changing solution for developers.

Binance has listed the IO token from the Decentralized Physical Infrastructure Network (DePin) project, trading since June 11th. The IO token, valued at around $3.78, has a fully diluted valuation of approximately $3 billion, making it a significant player in the ecosystem. It serves as the main currency for services, transactions, and fees within the io.net network, also rewarding contributors for their GPU power. Crypto analysts have compared IO tokens with similar projects like Render (RNDR), estimating a potential FDV for io.net between $2.5 to $4 billion. With io.net boasting 21,784 GPUs, surpassing competitors, the IO token shows promise for growth post-listing. The project's decentralized computing network addresses the high costs of GPUs needed for AI model training by offering substantial computing power at reduced costs, positioning io.net as a potential leader in the 'Internet of GPUs'.