VanEck Invests, IoTeX Advocacy, Exabits Funding

VanEck Invests, IoTeX Advocacy, Exabits Funding

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Decentralized physical infrastructure (DePin) networks transform technology by enabling decentralized real-world infrastructure projects.

Here’s what’s happened in the DePin sector recently: VanEck invested $2.5 million in DAWN to provide a decentralized wireless service, IoTeX joined the Blockchain Association for DePin’s political advocacy, Exabits received $15 million in seed funding, and more.

VanEck invests in DAWN

In the first news, VanEck has invested in Dawn, Deepen Project. DAWN stands for Decentralized Autonomous Wireless Networks, and the company is trying to create a wireless DePin service provider. According to a social media site mail From VanEck, this “AirBnB of the Internet” approach has the potential to compete with traditional ISPs:

“Although Internet use has expanded dramatically, the infrastructure that provides it has been limited by legacy models that struggle to keep up with modern demands. In the United States alone, more than 80 million Americans have only one option for high-speed Internet, creating monopolies.” Local with little incentive to innovate.

Van Eyck invested $2.5 million in this project. This represents a rare DePin investment for the company; She has Cryptocurrency and AI-funded startups And he A major source of ETFsbut does not have a strong presence in DePin. At no time during its announcement on social media did the company hint or directly state that it would strengthen its presence in this sector.

Exabits secures $15 million in seed funding

xabits, Start AI GPU encodingrecently received $15 million in seed funding. The company, which uses tokens to represent partial ownership of GPU compute resources, described This funding round is on social media. With this new funding, Exabits enjoys a valuation of $150 million and a 300% increase in quarterly revenue.

Exabits seed funding from Hack VC. source: ICO analytics

Graphics processing units are a A critical component of the DePin AI ecosystem, Because the computing requirements for AI research can be astronomical. Aethir, a “GPU as a Service” company, recently got involved in… Many huge partnerships to Research the different sub-sectors of the field. Exabits offers a different vision, but one that currently looks promising.

IoTeX joins the Blockchain League

iotex, Making the standard infrastructure for DePintakes an unusual direction for this space: Follow more friendly regulations. The company described its efforts in a blog mail Details her motivations for joining the Blockchain Association, a cryptocurrency advocacy group. It also presented a series of Updates From the “DePin Working Group” at the recent policy summit.

“Collaboration with policymakers is the cornerstone of building a thriving DePIN ecosystem. By joining the Blockchain Association, IoTeX also [creating] Clear paths for launching DePIN projects. “Together, we can unleash the full potential of decentralized infrastructure… guided by clear regulation,” said Raolin Zhai, CEO and co-founder of IoTeX.

The Policy Working Group also included this DePin leaders like Hedera and Helium, a Solana-based infrastructure company. Political pressure groups are Growing in the broader crypto/Web3 sceneas they are It played an influential role in the recent American elections. By joining this type of advocacy movement, IoTeX contributes to promoting DePin innovation.

Karrier One launches WiFi hotspots

One profession Fired Decentralized WiFi hotspot devices, using but Network to contribute to DePin Internet access. Users who provide WiFi offloading services to various carriers can receive the protocol’s KONE tokens in return. To celebrate the launch, the company is also hosting a Donate From 300 hotspot devices.

“At a time when traditional telecom providers are struggling to keep up with growing demand, Karrier One is leveraging Sui technology to add much-needed capacity and expand access to underserved areas,” said Jamil Khalfan, Head of Ecosystem Development at Sui Foundation.

The company claimed that close collaboration with Sui was crucial to the success of this project, involving greater support than their standard relationship. However, with these resources, Karrier One hopes to enable access to DePin WiFi through Sui’s blockchain.

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