Latest DePIN News
6 months ago
DePIN Base Camp Selects Six Startups for Web3 Accelerator Program
The DePIN Base Camp, a Web3 accelerator program, has chosen six startups to participate in its 12-week program. These startups are developing applications and products that leverage digital networks, decentralized infrastructures, and data services. The program, run by Outlier Ventures in partnership with peaq and supported by Borderless Capital, aims to advance the DePIN sector through enhanced connectivity, data security, and resource utilization. The selected teams are from diverse fields, including IoT hardware networks, AI, digital twins, cybersecurity, and cloud gaming. They will receive mentorship, workshops, and investment from Borderless Capital, a leading venture capital firm in the DePIN space.
6 months ago
Roam Integrates with Solana Mobile's Saga Phone
Roam, a frontrunner in decentralized physical infrastructure, has made a significant stride by integrating its services into Solana Mobile's Saga phone, advancing its goal to establish a global WiFi roaming network. This integration is a first of its kind, offering secure WiFi through decentralized identifiers and verifiable credentials, thereby enhancing security and accessibility without the need for traditional login credentials. Roam's ecosystem, which incentivizes network development through its native token $ROAM, has rapidly expanded, now covering over 3.5 million WiFi spots and serving a user base spanning more than 140 countries. The Roam app recently reached a daily check-in milestone of 100,000, reflecting both its practical utility and the community's commitment to its vision. With the app now available on the Saga phone's dApp store, Roam is poised to offer an enhanced user experience, aligning with its mission to revolutionize connectivity through a decentralized and user-friendly approach.
6 months ago
DePINs and DeRENs: The Future of Decentralized Cloud Computing
DePINs and DeRENs are emerging as solutions to the risks associated with the centralized cloud computing market, dominated by players like AWS, Azure, and Google Cloud. The Cointelegraph Research and SwanChain report highlights how these decentralized platforms can enhance security, transparency, and reduce operational costs. The report also underscores the impact of computationally intensive AI models on the growth of DePINs and DeRENs, with the AI market expected to reach $1.4 trillion by 2029. SwanChain, a decentralized cloud computing platform, offers cost-effective resources for AI applications, smart contracts, and decentralized services, potentially reducing costs by 40-50% compared to major players. The platform's AI computing and storage bidding market allows users to request resources and match them with providers, streamlining the process and cutting costs. The report also discusses the role of AI and ZK Computing in the DePIN ecosystem, with SwanChain processing nearly 350,000 ZK computing tasks post-launch, demonstrating its scalability for ZK applications.
6 months ago
Blockchain as a Solution for IoT Business Model Challenges
Blockchain may offer a solution to the Internet of Things' (IoT) business model challenges, which often involve companies needing continuous revenue streams to maintain products. Consumers are often reluctant to pay subscription fees for everyday items like doorknobs or fridges. The IoT's problem lies in the mismatch between the lifespan of products and the business models of companies selling them. Traditional IoT devices may become obsolete or unsupported, leading to 'bricking' of devices. However, blockchain-enabled Decentralized Physical Infrastructure (DePIn) could allow for self-managing IoT networks, operating more sustainably without the need for constant company maintenance. Recent advancements in IoT, such as devices integrating with HomeKit and Matter controls, are built to function without internet connections, reducing reliance on single enterprises for maintenance. The future of smart homes will likely require internet connectivity and cloud computing, potentially supported by decentralized cloud infrastructure, where devices with spare capacity can contribute to complex network applications.
6 months ago
DePIN Alliance Yacht Party: A Premier Blockchain Event
The DePIN Alliance Yacht Party, organized by U2U Network, Chain Capital, and JDI Ventures, was a landmark event in the blockchain community, marking Asia's first and largest DePIN gathering on a yacht during GM Vietnam – Vietnam Blockchain Week. The event attracted over 200 top-tier venture capitalists, industry leaders, and influential figures, generating over 1 million impressions across social media and event channels. With an aim to foster growth within the Decentralized Physical Infrastructure Network (DePIN), the event featured an inspiring opening speech by Mr. Luu Tran, Co-Founder & CEO of U2U Network, who emphasized the revolutionary impact of DePIN technology. Chain Capital's Founder, Mr. Simon Li, discussed their commitment to driving DePIN projects in Vietnam to reach the global market, while Ms. Ruki from JDI Ventures highlighted their mission to push the boundaries of Web3 technology. The event also included a panel discussion on DePIN's unique business model, data privacy measures, and challenges for wider adoption, providing valuable insights into its future evolution and expansion.
6 months ago
OpenAI Acquires Rockset; DRDO Hiring; Grass Integrates Solana
OpenAI's acquisition of Rockset, a real-time search and analytics database startup, aims to enhance its AI model, ChatGPT, with faster and more accurate analytics services. This integration will bolster the speed of AI model responses and support entities needing quick information retrieval from large datasets. Meanwhile, the Defence Research and Development Organisation (DRDO) seeks consultants with a monthly salary of Rs.50000, favoring candidates with prior DRDO experience and strong English communication skills, up to the age of 63, for a one-year term. The Grass project, an AI initiative, incorporates Solana wallets for reward distribution, ensuring data provenance and enhancing developer confidence in the data's reliability.
6 months ago
Top DePIN Projects Revolutionizing Infrastructure in 2024
Decentralized Physical Infrastructure Networks (DePIN) are leading the charge in integrating blockchain tech with real-world infrastructure, enhancing transparency and efficiency. Top DePIN projects for 2024 include Script Network with its innovative Script TV, rewarding viewers with $SCPT tokens for engagement. Helium Network is expanding IoT connectivity with its proof-of-coverage consensus algorithm, while Filecoin is setting new standards in decentralized data storage. Chainlink is also transforming the space with its decentralized oracle network, ensuring secure and reliable data feeds for smart contracts.
6 months ago
Decentralized Projects Offer Airdrops for Real-World Solutions
Decentralized Physical Infrastructure Network (DePin) projects are gaining attention for their innovative solutions to real-world issues. Three notable DePin projects are set to offer airdrops, presenting opportunities for blockchain enthusiasts and investors. Grass, a decentralized web scraping network, is converting public web data into AI datasets and has recently initiated an update asking users to connect their Solana wallets, indicating an imminent airdrop. Grass has secured approximately $4.5 million in funding from investors like Polychain Capital and Tribe Capital. The U2U Network, a layer-1 blockchain for DePin, is also conducting an airdrop campaign, encouraging users to complete on-chain tasks for NFT rewards. With $10 million raised from three funding rounds, U2U Network is leveraging NFTs and loyalty points to enhance user engagement. Lastly, Chirp, a DePin telecommunications network for IoT and voice communication, is launching the Chirp Tracker App Campaign as part of its airdrop strategy to increase user participation and network growth. These airdrops are integral to the projects' roadmaps for broader token distribution and heightened user engagement.
6 months ago
Binance Learn and Earn: Earning Cryptocurrency Through Education
Binance's educational initiative, Learn and Earn, rewards users with free cryptocurrency for completing quizzes on various crypto projects. To access, open the Binance App, switch to Pro mode, navigate to 'Learn & Earn' under 'Gift & Campaign', and start the learning process. Users can earn rewards by completing courses and quizzes, such as the PowerPool ($CVP) quiz, which covers topics like PowerPool's partners, DAO focus, infrastructure, and the PowerAgent network's operation and security mechanisms.
6 months ago
Chia Releases Version 2.4.0 with Soft Fork and New Features
Chia has released version 2.4.0 of its reference client, which includes a soft fork and several new features to enhance performance and security. Key updates include the full implementation of the new wallet sync protocol introduced in version 2.3.0, enabling real-time updates for relevant transactions in the mempool. Additionally, observer wallets have been introduced, allowing users to view their wallet's history and balance without storing private keys locally, thus improving privacy and security. The block fill rate has also been increased to 70%, with plans to raise it to 100% by the end of 2024, aiming to achieve a network speed of around 40 transactions per second (TPS). The release also includes a soft fork to align the BLS implementation with industry standards, which will activate at block 5,940,000, expected in September 2024. Users are advised to upgrade to version 2.4.0 or later before this block. Lastly, support for macOS 11 (Big Sur) will be discontinued in the next release, as Apple ended support for this version in September 2023.
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