Latest DePIN News

In recent years, tech giants have amassed significant control over the internet, posing threats to data privacy and digital security. The CrowdStrike incident highlighted the vulnerabilities of centralized systems, emphasizing the need for a solution. Enter Decentralized Physical Infrastructure Networks (DePIN), offering a groundbreaking approach to integrating the physical world with blockchain technology. By connecting devices like sensors, IoT gadgets, and computers to decentralized networks, DePIN enables users to earn digital assets by sharing data and resources, breaking free from centralized middlemen who exploit user data for profit. Real-World Applications DePIN-based projects are reshaping various aspects of daily life. For instance, GEODNET leverages blockchain to enhance geolocation accuracy, benefiting industries like agriculture and construction. Community-driven internet access, exemplified by WiFi Map's global hotspots, challenges traditional telecom monopolies. DIMO enables users to monetize vehicle data, fostering innovation in insurance and fleet management. Witness Chain unifies DePIN projects, fostering collaboration and establishing a decentralized infrastructure supply chain. XNET aims to provide network connectivity to the offline population using blockchain technology and CBRS bandwidth, while storage networks like Fi...

Mawari Network has raised $10.8 million in strategic funding from Borderless Capital, 1kx, and other investors. The project, built on Solana, aims to scale spatial computing. Anfield Ltd, Borderless Capital, and 1kx co-led the funding round, with participation from various investors including Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, Samsung Next, and angel investors like Sean Carey and Joshua Frank. The round, structured as a simple agreement for future equity (SAFE) with token warrants, brings Mawari's total capital raised to $17.3 million. What is Mawari Network? Mawari Network is a Solana-based DePIN project focused on scaling spatial computing. The network, founded by Luis Oscar Ramirez and Takeo Yatabe, aims to blend the physical world with digital information through technologies like augmented reality (AR), virtual reality (VR), and extended reality (XR). Mawari, meaning 'your surroundings' in Japanese, was born out of the founders' recognition of the challenges artists faced in creating real-time immersive content. The network operates behind the scenes to deliver real-time 3D content for VR, AR, and XR devices, ensuring a seamless and immersive experience for users worldwide.

As AI evolves and the need for more computational power increases, the demands on digital infrastructure have never been greater. DePIN, or decentralized physical infrastructure networks, is a groundbreaking approach poised to revolutionize business operations. Traditional centralized models struggle to keep up with growing demands, while DePIN leverages distributed networks for flexibility, scalability, and resilience. Tory Green, CEO of Io.net, highlights the limitations of traditional systems and the benefits of DePIN in terms of scalability, cost efficiency, and resilience. Advantages of DePIN One of DePIN's key advantages is its unparalleled scalability by utilizing underutilized global resources. IO.net aggregates GPUs worldwide, offering nearly unlimited compute capacity. Cost efficiency is another highlight, as DePIN significantly reduces infrastructure costs by leveraging idle resources, making high-performance computing accessible to startups. In terms of resilience, DePIN outperforms traditional models by eliminating single points of failure. With decentralized nodes distributed globally, tasks like AI model training can be performed with lower latency, improving efficiency and reliability. Benefits for Users Users working with IO.net's decentralized network benefit from affordable, scalable compute power, particularly advantageous for smaller companies and startups. Compared to traditional cloud providers, IO.net offers substantial cost savings, unlimited compute capacity, and enhanced reliability. Users can enjoy more compute power for less cost, with added flexibility, allowing them to focus on their core business operations.

In a recent episode, Sean Carey, Partner at Borderless Capital, delved into the world of DePIN. The discussion revolved around the selling points of DePIN, the sustainability of DePIN projects, and the most suitable infrastructure for DePIN. The conversation also touched on the seamless integration of crypto with DePIN networks. Towards the end, the focus shifted to Solana's significant influence on the future of DePIN networks. DragonSwap: Transforming the DeFi Landscape DragonSwap, the DeFi Hub on Sei's Layer 1, is revolutionizing the decentralized exchange (DEX) scene. Operating on Sei's sub-second execution environment, DragonSwap is introducing an 'onchain CEX' model that utilizes chain-abstracted AVSs, enabling cross-chain asset transactions. With existing incentives and upcoming partnerships with Stargate and Frax, Sei users can anticipate more rewards in September. Dive into farming on Sei today at [dragonswap.app](https://dragonswap.app/). Subscribe and Stay Informed For more insights and updates on the crypto market, subscribe to the Blockworks Daily Newsletter. Stay tuned to Lightspeed for engaging discussions on DePIN, crypto, and Solana's role in shaping the future of decentralized finance.

Synesis Foundation, known for developing Solana’s first AI data pre-processing solution, has teamed up with AirMoney DEGN to introduce consumer hardware focused on DePIN. The collaboration aims to enhance the crypto experience beyond traditional wallets by offering features like web3 protocol interaction, cryptocurrency trading, and play-to-earn games through the AirMoney DEGN device. This partnership seeks to boost the popularity of crypto hardware within the DePIN ecosystem. Synesis Milestone and Future Developments Synesis recently achieved a significant milestone by completing over 1.5 million AI data transactions on Solana. CEO Isaac Bang expressed excitement about decentralizing data sourcing and validation for AI solutions. The collaboration with AirMoney DEGN will allow users to earn crypto for supporting the DePIN economy through data validation. Additionally, Synesis has developed a new Reinforcement Learning with Human Feedback (RLHF) system, offering rewards for verifying data with AirMoney DEGN devices.

Raullen Chai, Co-founder and CEO of IoTeX, believes that DePIN will play a vital role in the proliferation of smart cities. The CEO emphasizes the importance of focusing on 'world-changing technology' for impactful innovation. He also notes that a project's growth is often limited by the scale of the problem it addresses. The promise of smart cities is significant, utilizing technology and data to enhance urban life. Despite challenges like data privacy concerns, the vision of interconnected cities powered by IoT, data analytics, and AI remains futuristic. DePIN and a Smarter World Raullen Chai envisions Decentralized Physical Infrastructure Networks (DePIN) as a key to unlocking smart cities' potential. By combining IoT with blockchain, IoTeX aims to empower individuals to control their smart devices' data and value. DePIN fosters decentralized operation of IoT devices, ensuring secure and efficient digital activities for users. Chai believes that this decentralized approach will lead to thriving smart cities, shifting power from big corporations to individual contributors. DePIN not only enhances urban services but also prioritizes data privacy and user control. Chai's proactive stance on managing IoT data challenges reflects a commitment to empowering users while reducing reliance on centralized platforms. As the global IoT market is projected to reach USD 4,062.34 billion by 2032, DePIN's focus on secure data handling and user empowerment is crucial for the future of smart cities. New projects in the tech industry should prioritize 'world-changing technology and infrastructure' to make a lasting impact. Chai's emphasis on empowering individuals through DePIN highlights the shift towards decentralized, user-centric solutions in the evolving landscape of smart cities and IoT.

Blockchain platform XProtocol has introduced the XForge smartphone, touted as the world's first device with a built-in DePIN node. Priced at $299, XForge aims to enhance the gaming experience and seamlessly integrate with the XProtocol decentralized network. The device allows users to act as full-fledged blockchain nodes, with the first 10,000 buyers receiving a Xardian node, offering up to a 20% bonus on node rewards. Additionally, owners are promised 10% of the total token supply and exclusive airdrops from top projects. Validators on XForge will earn rewards in $xKICK tokens, convertible to $KICK. The technical requirements for running Xardian nodes include 4GB of RAM, 2 CPU cores, 60GB of space, an x86/x64 processor, and a stable internet connection. The smartphone will run on Android OS, feature 256GB storage, 12GB RAM, and a Snapdragon 8 Gen 2 processor.

At the recent Token 2049 and Solana Breakpoint conferences, analysts noted the dominance of both AI and DePIN as the most promising use cases for blockchain technology. These conferences delved into the exploration of promising protocols and rising trends within these sectors. Furthermore, the surprise of continued institutional adoption of Solana was a key point of discussion. This unexpected trend showcases the growing interest and trust from traditional financial institutions towards Solana's blockchain ecosystem.

Akash Network to Participate in Messari Mainnet '24 Akash Network, a decentralized cloud platform for hosting web applications and technology solutions, will be participating in the Messari Mainnet '24 event on September 30th. The core team of Akash and the community will be in attendance. The project aims to address issues related to centralized cloud services like Amazon Web Services and Google Cloud. Akash Network stands out for its energy-efficient approach, utilizing a Proof-of-Stake consensus mechanism, which is more environmentally friendly than Proof-of-Work used by other blockchain networks. Akash Network's global marketplace ensures equal access to GPU resources for AI developers and researchers worldwide, regardless of their location. By offering a secure, cost-effective alternative for AI hosting through its GPU marketplace, Akash Network is revolutionizing cloud computing and making a significant impact on the field of artificial intelligence. In this network, cloud hosting resources are shared among participants, allowing them to rent out unused computing resources for hosting applications and services, democratizing access to cloud computing. AKT, the native cryptocurrency token of Akash Network, plays a crucial role in securing the network, executing transactions and contracts, and encouraging community involvement through staking and rewards.

XProtocol, Built on Base Chain, Unveils XForge as 'World's First Node-Operated DePIN Smartphone' XProtocol, an entertainment-focused blockchain built on the U.S. crypto exchange Coinbase's Ethereum layer-2 network, Base, has unveiled what it says is 'the world’s first node-operated DePIN smartphone.' The Web3 startup’s new Android device, XForge, functions as a fully operational blockchain node. Users can participate in the DePIN network directly from their phone, earning rewards, airdrops, and cryptocurrency incentives. XForge represents the next evolution in mobile devices, combining blockchain power with smartphone convenience. Oasys, Arbitrum Foundation, Uprising Launching First Gaming-Focused Arbitrum Orbit Chain Beyond Ethereum Oasys, Arbitrum Foundation, and layer-2 Uprising have collaborated to launch the first gaming-focused Arbitrum Orbit blockchain beyond Ethereum. Uprising, a layer-2 gaming yield blockchain, and Oasys, a layer-1 gaming chain, are working together to enhance Web3 gaming through Arbitrum Orbit technology. This deployment marks a significant step for blockchain gaming outside Ethereum, showcasing a shared vision for the future of blockchain gaming. Bitcoin Staking Protocol Babylon Forms Strategic Alliance With Asphere to Allow Developers to Deploy Customizable L2s The Babylon Bitcoin staking protocol has formed a strategic alliance with Asphere to empower developers with a solution for launching innovative Bitcoin layer 2s. This collaboration aims to allow developers to deploy highly customizable L2s backed by the security of the Bitcoin network. By leveraging Bitcoin's liquidity and market cap, developers can achieve fast finality when building new use cases within the blockchain ecosystem.