Latest DePIN News

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.

On December 12, 2024, Acurast and Cere Network announced a strategic partnership that aims to enhance decentralized cloud computing capabilities. Acurast, known for its innovative use of everyday phones in decentralized cloud infrastructure, will integrate Cere Network's decentralized data automation features into its compute deployments. This collaboration allows developers to leverage Cere's Decentralized Data Cloud (DDC) for secure and scalable data automation, enabling them to build applications that efficiently manage both computation and secure data processes within a fully decentralized environment. To illustrate the potential of this partnership, a decentralized image converter application has been developed. This application allows users to upload HEIC images, which are processed through Acurast’s community-driven cloud compute using their phones, converting them into PNG format. The converted images are securely stored and retrieved via Cere’s DDC, demonstrating a seamless workflow that capitalizes on the strengths of both platforms. This example highlights how the integration can facilitate practical applications in the realm of decentralized computing. The partnership is seen as a major advancement in decentralized cloud services, with both companies expressing enthusiasm about the benefits it brings to developers. Alessandro De Carli, Co-Founder of Acurast, emphasized that this integration provides a comprehensive platform for building secure decentralized applications. Similarly, Fred Jin, Co-Founder and CEO of Cere Network, noted that the collaboration enhances the capabilities of their Decentralized Data Cloud, empowering developers with automated secure data computation solutions. This partnership is poised to pave the way for innovative applications in the evolving landscape of decentralized cloud computing.

Crust Network has recently made significant strides in its technical progress and ecosystem collaboration within the Polkadot framework. Notably, the platform now supports initiating place order transactions from the Polkadot Crust Parachain, which are automatically converted into orders on the mainnet. To address the rising gas fees on Ethereum, the bridge fee for transferring $CRU from the Crust mainnet to Ethereum has increased from 10 $CRU to 30 $CRU. Additionally, a bi-directional XCMP channel has been established between Crust and Bifrost, enhancing cross-chain capabilities. The team is also testing a customized Crust IPFS image based on the latest IPFS code and exploring solutions for a non-TEE lightweight mining client. In terms of ecosystem collaboration, Crust Network is actively engaging with various projects within the Polkadot ecosystem. Although Polkadot is developing a native service for object storage, third-party services like Apillon via CrustNetwork are currently available. The launch of the Polkadot ecosystem dashboard on Token Terminal marks a significant milestone. Furthermore, GoPlausible is leveraging CrustNetwork to provide permanent, decentralized storage, ensuring data security and accessibility. The Crust Parachain has opened an HRMP channel with Bifrost, facilitating seamless data and asset transfers between the two parachains. A massive airdrop event co-hosted by Crust and other networks is also on the horizon, promising exciting opportunities for the community. Community engagement remains a priority for Crust, as evidenced by their sponsorship of offline meetups for the Chainspace Community and participation in various events, including the Global AI+DePIN Exhibition in Bangkok. Crust has also been active in promoting creative initiatives, such as an AI-generated song contest and an AI Music Video Challenge, fostering a vibrant community spirit. As Crust continues to innovate and collaborate within the Polkadot ecosystem, it is poised to redefine decentralized storage solutions for Web3, offering users trustless and user-controlled data management tools.

In the post-pandemic world, the rise of digital nomadism has become increasingly prevalent, particularly among remote workers. This lifestyle allows individuals to travel freely while maintaining their professional commitments, with locations like Aruba and Cape Verde becoming popular choices. The demand for reliable internet connectivity is paramount for these nomads, and the Roam network is emerging as a leading solution. By providing a global wireless network, Roam aims to facilitate seamless connectivity for users regardless of their location, thus enhancing the digital nomad experience. The challenges associated with traditional public WiFi networks, such as cumbersome login processes and security vulnerabilities, have prompted the development of OpenRoaming™ technology. This initiative, spearheaded by the Wireless Broadband Alliance, aims to create a secure and user-friendly WiFi experience. OpenRoaming™ allows users to connect to various WiFi networks without repeated authentication, ensuring encrypted data transmission. Despite the growing number of OpenRoaming™ nodes, which currently stands at over 4 million, it still represents a small fraction of the global public WiFi landscape, indicating significant room for growth. Roam is uniquely positioned within the OpenRoaming™ alliance as a Web3 IDP project, integrating decentralized identity technology to enhance network access for users and small businesses. With innovative solutions like the Rainier MAX60 router and Roam eSIM, the platform is rapidly expanding its user base, which has surpassed 1.5 million. Roam's community-driven approach and diverse incentive models, including Roam Points and governance tokens, are designed to foster user engagement and support the growth of the OpenRoaming™ network. As Roam continues to bridge Web2 and Web3 technologies, it is set to play a pivotal role in transforming the telecommunications landscape and enhancing connectivity for digital nomads worldwide.

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.

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.