Like @VitalikButerin says, DePIN isn't new – what's the big deal now?
Our short answer: Today, DePIN is built different.
Our long answer:
Decentralized storage, compute, & marketplace apps have been around for a decade, but early visionaries under-estimated build complexity.
Building a "deUber" meant wrestling with a full stack from hardware to connectivity to smart contracts to frontend and beyond.
DePIN verification alone is one of the biggest existential questions in all of crypto – according to @a16zcrypto.
A few ambitious teams tried/failed, resulting in the category not advancing.
Meanwhile, the majority of capital and attention in Web3 funneled into sexy DeFi, ICO, NFTs, and GameFi apps.
But behind the scenes, real world infrastructure projects built away...
IoTeX has been building DePIN since 2017.
And we believe DePIN is for every builder.
That's why we've meticulous crafted DePIN modules to make DePIN building easier and faster.
Real-world optimized IoTeX L1, verifiable off-chain compute @w3bstream_com, DePINscan, DePIN Liquidty Hub, DePIN AA crypto wallet, and the list goes on and on.
The hard work is finally paying off.
With the modules in place, we've seen a rapid increase in smaller teams start ambitious DePIN projects.
Covering areas like distributed telecom (@WayruNetwork), EV-charging (@PowerPod_People), compute (@InferixGPU), ESG, "DeFi for DePIN", and so many more.
The demand for AI data adds another layer.
IoTeX sees the data collection side as a killer use case of DePIN, crowdsourcing data in real time to feed data-ravenous AI models.
We are finally seeing DePIN dApps that can compete with and ultimately surpass the growth rates of software-centric dApps and rebuild society's base infrastructure in the image of decentralization and user-ownership.
So after a decade, why is DePIN actually about to get off the ground?
The demand is here, the capital is here, and the building blocks are here.
DePIN is built different – and it's built on IoTeX.
Agreed... #HBAR#VET$HBAR $VET will Outperform in Upcoming days
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Fantom Announces Development of Sonic Open Testnet on X Platform
According to Foresight News, Fantom is currently developing the Sonic Open testnet on the X platform. The team is enhancing the testnet with the necessary tools to enable developers to launch DApps on the network. The new developer testnet is expected to be up and running within 24 hours.
Nearing to Cross ATH #SHIB$SHIB Don't miss on #BONE
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Binance News
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Shiba Inu Price Could Surge with Potential Launch of Spot Bitcoin ETF in the USA
According to CryptoPotato, Shiba Inu (SHIB) has experienced a gradual price increase over the past two months, with some analysts predicting a potential rally for the memecoin in the future. There is speculation that the launch of a spot Bitcoin ETF in the USA could positively impact SHIB and other cryptocurrencies, as it might attract significant investment into the market.
Jalaleddin Hatefi, founder and CEO of the memecoin project PawZone, believes that SHIB and PAW could benefit from the potential launch of a spot Bitcoin ETF in the USA. He thinks the possible introduction of such a product would not lead to a 'buy the rumor, sell the news' scenario but allow a 'ton of big money' to flood the cryptocurrency market. Hatefi also predicted that American regulators would approve numerous BTC ETFs, which could pave the way for the launch of other exchange-traded funds with different cryptocurrencies as underlying tokens.
The potential approval of a spot Bitcoin ETF in the USA is highly anticipated by crypto participants and investors, as it could cause an uptrend for the entire sector. Increased accessibility and added legitimacy to the asset and the market as a whole could result from the existence of such a product in the world's largest economy. This would also show that regulators are not against digital currency, possibly triggering rising interest from institutional investors who would be able to enter the ecosystem without having to purchase amounts of the asset itself. Such factors could lead to a BTC rally, and historically, such increases have positively affected numerous alternative coins, meaning Shiba Inu (SHIB) could be among the winners in the future.
Other major elements that might result in a price rally for Shiba Inu are its burning mechanism and the further advancement of its layer-2 blockchain solution, Shibarium. According to Shibburn, the project witnessed a burn rate spike of almost 100% in the past week, resulting in over 17 billion tokens sent to an address that nobody could access. The program aims to reduce the tremendous circulating supply of Shiba Inu and possibly make the asset more scarce and valuable in time. Shibarium has reached numerous milestones lately, with daily transactions on the network in the millions since the beginning of December and total transactions standing just shy of the 200 million mark.
Astar Network Founder Announces zkEVM Mainnet Launch in Early 2024
According to Foresight News, Astar Network founder Sota Watanabe has announced on Twitter that the Astar zkEVM mainnet will be launched in early 2024. The Astar Network is a smart contract platform within the Polkadot ecosystem.