Latest DePIN News

Ahmed Shadid, co-founder and CEO of IONET, a decentralized AI computing and cloud platform, has resigned amid allegations of fraudulent activities. Shadid's decision aims to allow the company to grow without distractions. COO and co-founder Tory Green will assume the CEO role. Shadid expressed gratitude to the team and community, donating 1M IO tokens to the ecosystem. IONET's unique tokenomics and recent selection by Binance as its 55th Launchpool project signal a promising future for the platform.

The climate crisis is a pressing issue that demands innovative solutions. Traditional climate models have limitations, including inaccurate predictions and a lack of real-time data. However, emerging technologies like web3 and decentralized networks offer new possibilities for environmental monitoring. Web3's decentralized approach empowers individuals and communities to take ownership of environmental data, creating a transparent and tamper-proof record. This contrasts with centralized models where data collection is often removed from impacted communities. Decentralized Physical Infrastructure Networks (DePIN) incentivize participants to deploy climate sensors, contributing valuable data and aligning individual and collective interests. While challenges remain, web3 has the potential to revolutionize climate monitoring and response.

Avalanche (AVAX) is on a bullish run, aiming to break the $60 resistance level, while Filecoin (FIL) is expanding its ecosystem with the innovative FilOz team. Meanwhile, BlockDAG (BDAG) is making significant strides with a 1000% increase in its presale price, raising $46.8 million from over 11.2 billion coins sold. Crypto analysts predict BDAG could reach $1 in 2024, $10 by 2025, $20 by 2027, and $30 by 2030. The X100 miner, with its 2 TH/s hash rate and energy-efficient design, is a key driver of BlockDAG's success, offering profitability and scalability for miners. As the crypto market evolves, BlockDAG's technological advancements and community engagement position it as a top-performing investment opportunity.

The 'AI+DePIN Technology and Application Summit', hosted by AIConnect and co-organized by JuCoin, successfully concluded in Ho Chi Minh City, marking significant progress in the integration of AI and DePIN technologies. The event featured speeches from industry leaders, including Tony Tong, President of the Hong Kong Blockchain Association, who emphasized the revolutionary impact of AI+DePIN on various industries. James, a board member of Exor Digital Holdings, introduced JuCoin Exchange, a platform dedicated to financial freedom and technological innovation. Andrew Wilson, co-founder of JuCoin Labs, highlighted their role in advancing blockchain technology and the Web3 ecosystem. Jonathan Frank, CMO of AIConnect, presented AIConnect as a decentralized computing network, aiming to lead the AI computing and blockchain industry into a new era. Alexx, AIConnect Community Ambassador, shared insights on the future of computational power and AI services. The summit showcased the potential of AI and DePIN integration to drive innovation and development in the fintech industry.

Bitfinex, a prominent digital asset trading platform, is set to list ATH, the native token of Aethir, a decentralized cloud infrastructure provider that specializes in AI and gaming. Aethir operates as a decentralized physical infrastructure network (DePIN), offering high-speed, scalable enterprise-grade cloud services suitable for resource-intensive applications like Bitcoin mining and AI. The ATH token serves various utilities within the Aethir ecosystem, including payment for services, governance voting rights, and staking opportunities, with a total supply of 42 billion tokens. Henry Child, Head of Tokens at Bitfinex, highlighted the significance of Aethir's approach to distributed cloud computing in addressing the GPU shortage in the tech industry. ATH deposits are expected to open on June 10, 2024, with trading commencing on June 12, 2024, against US Dollars and Tether tokens. Users must adhere to Bitfinex's terms of service, with U.S. persons and other prohibited individuals restricted from using the platform.

Binance Launchpool introduces IO.NET, a decentralized AI computing and cloud platform, with staking options for BNB and FDUSD to earn IO tokens. The token will be listed on Binance with various trading pairs and a seed tag. Users must complete KYC for staking, and rewards will be calculated hourly, with real-time updates on APY and pool balances. Binance BNB Vault and Locked Products will support the Launchpool, and users can unstake funds without delay. Participation is subject to eligibility based on the user's country of residence.

DePIN, a decentralized physical infrastructure network, is reshaping the future of computing power by offering a democratic and cost-effective solution to everyday challenges. The peer-to-peer infrastructure allows for efficient distribution of computing resources and rewards users for their contributions. DePIN projects like StorX Network, Drife, Helium Network, and Healthblocks are revolutionizing various industries, including transportation, water supply, energy, communication systems, financial services, healthcare, and defense. Aten Krotos and Arthava's Zero-knowledge Artificial General Intelligence (ZkAGI) project, built on DePIN, addresses privacy concerns in AI by combining Zero Knowledge and DePIN technologies. ZkAGI, an open-source framework, facilitates secure and private AI computation on a decentralized network, incentivizing participants to contribute to a privacy-focused AI ecosystem.

FilOz, a new team within the Filecoin ecosystem, is focused on securing and expanding the Filecoin protocol. With a mission to drive innovation and collaboration, the team works on protocol improvements, network upgrades, and maintaining open-source software. In 2024, Filecoin aims to integrate various networks through Layer 2 solutions, make Filecoin a fundamental storage layer for web3, and expand the economy and community. FilOz's priorities include accelerating storage adoption, enhancing Filecoin's utility with cross-chain interoperability, simplifying maintenance, growing the community, and expanding the economy. They invite individuals and teams to contribute to the mission and have secured initial funding from the Protocol Labs Filecoin Public Goods Fund.

Stratos Network's v0.12 upgrade marks a significant leap forward in decentralized infrastructure technology. This update introduces a range of features that enhance the Stratos Chain and Decentralized Storage network, improving the user experience within the Stratos ecosystem. Key upgrades include seamless Cosmos transactions via Wallet Connect and Metamask, integration with Exoswap for effortless token delegation, and the introduction of Cosmos IBC for broader ecosystem connectivity. Stratos Wallet now supports Wallet Connect, facilitating efficient STOS token transfers and exchanges. The Stratos Chain also supports prepayment using Solidity smart contracts, with a Prepay bridge for cross-chain SDS storage. Stratos Decentralized Storage (SDS) sees enhancements such as volume report settlement improvements, a Share-To-Earn mechanism, and improved backup and autoscaling for data security. RPC performance and resource node performance detection have also been enhanced, alongside an improved video streaming workflow.