VanEck Invests, IoTeX Advocacy, Exabits Funding
The Decentralized Physical Infrastructure Network (DePin) is transforming technology by enabling decentralized projects in real-world infrastructure.
What happened recently in the DePin field is this: VanEck invested $2.5 million in DAWN to provide decentralized wireless services, IoTeX joined the Blockchain Association for DePin political propaganda, Exabits received $15 million in seed funding, and so on.
VanEck invests in DAWN
In the first news, VanEck invested in DAWN, DePin project. DAWN stands for Decentralized Autonomous Wireless Network and the company is trying to create a DePin wireless service provider. According to social media reports postal VanEck says this “AirBnB for the Internet” approach has the potential to compete with traditional ISPs:
“While internet use is exploding, the infrastructure that delivers it is limited by legacy models that struggle to keep pace with modern demands. In the U.S. alone, more than 80 million Americans have only one high-speed internet option , resulting in a local monopoly with little incentive to innovate,” VanEck claimed.
Van Eyck invest The project cost $2.5 million. This is a rare investment for DePin; it has Funding cryptocurrency and artificial intelligence startups and is Major ETF Issuersbut there is no strong presence of DePin. The company has never hinted or directly stated in its social media announcements that it would expand its presence in the industry.
Exabits secures $15 million in seed funding
Abit, An AI GPU tokenization startupwhich recently raised $15 million in seed funding. The company uses tokens to represent partial ownership of GPU computing resources, descriptive This round of funding was conducted on social media. With this new funding, Exabits is valued at $150 million and has seen quarterly revenue growth of 300%.
GPU is a An important part of the Depin artificial intelligence ecosystem, Because the computational demands of artificial intelligence research can be astronomical. Aethir is a “GPU-as-a-service” company that recently worked on Several large-scale partnerships arrive Research the different sub-sectors of the field. Exabits offers a different vision, but is showing promise so far.
IoTeX joins the Blockchain Association
IoTEx, This makes DePin modular infrastructureis taking an unusual direction for this space: Pursuing friendlier regulations. The company described its efforts in a blog post postal Detailed its motivations for joining cryptocurrency advocacy group Blockchain Association. It also provides a series of renew From the “DePin Working Group” at a recent policy summit.
“Collaboration with policymakers is the cornerstone of building a thriving DePIN ecosystem. By joining the Blockchain Association, IoTeX is creating a clear path for DePIN projects to get off the ground.” said Raullen Chai, CEO and Co-Founder of IoTeX. Guided by clear regulation, together we can unlock the full potential of decentralized infrastructure. “
The policy working group also includes Hedera and other DePin leaders and Helium, a Solana-based infrastructure company. Political lobby groups are Growing in the broader encryption/Web3 scenejust as they played an important role in the last US election. By joining such advocacy movements, IoTeX is contributing to further DePin innovation.
Karrier One launches WiFi hotspot
Career one roll out Its decentralized WiFi hotspot device uses Sui Network contributes to DePin Internet access. Users who provide WiFi offloading services to various operators can receive the protocol’s KONE tokens in return. To celebrate the launch, the company also held a deliver 300 hotspot devices.
“Karrier One is leveraging Sui’s technology to add much-needed capacity and expand access to underserved areas at a time when traditional telecom providers are struggling to meet growing demand,” said Jameel Khalfan, director of ecosystem development at the Sui Foundation.
The company claims that close collaboration with Sui was critical to the success of the project, involving more support than their standard relationship. However, thanks to these resources, Karrier One hopes to enable DePin WiFi access through Sui’s blockchain.
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