ChainCatcher message, Decentralization network hardware infrastructure company GEODNET announced that it has completed an $8 million strategic financing round, led by Multicoin Capital, with participation from ParaFi and DACM, bringing its total funding to $15 million. This financing will be used to expand its global Real-Time Kinematic (RTK) network and support the development of next-generation robotics and Physical AI.

ChainCatcher message, DePIN protocol Teneo Protocol completes $3 million seed round financing, led by RockawayX and Borderless, with participation from Generative Ventures, etc.

According to a recent report by Syndica, the monthly revenue of the Solana DEP protocol reached $1 million for the first time. Among them, Hivemapper revenue rose.

Coin World News, January 7th news, the Solana ecosystem has made significant progress in the field of distributed internet of things (DePIN), and the latest '2024 DePIN Annual Report' reveals the core role of Solana in the Decentralization network. The following are the highlights of the report: Node scale breakthrough - There are already more than 13 million devices connected to the DePIN Node network worldwide, with the top five networks including Grass, Dawn, Roam, and Gradient, all running on the Solana ecosystem. The rise of wireless networks - Helium Mobile has exceeded 100,000 users; - DAWN has provided WiFi services to 1.5 million households; - Roam has achieved 82 million check-ins for 1 million WiFi hotspots. Decentralized computing demand surges.

According to Dylan Bane, an analyst at Messari, DePIN industry revenue is expected to exceed $150 million next year. By 2024, the supply side of DePIN has been established, but the income of the demand side is limited, making it unable to validate the DePIN model. In this year, several protocols have generated seven or even eight-figure revenue, which indicates the significance of DePIN.

The Spacecoin project of the DePIN initiative aims to use blockchain technology to support LEO nanosatellites in building a decentralized physical infrastructure network, achieving trustless connectivity for the global internet. The project has confirmed the launch of the first satellite CTC-0 on December 21, 2024, with users paying network fees via CryptocurrencyPayment Network and receiving secure data transmission.

The encryption market is generally pumping in the zone, with PayFi zone leading the gains, up 22.26% in 24 hours. Dash (DASH) has surged by 37.94%, XRP (XRP) by 26.64%, and Litecoin (LTC) by 22.74%. Meme zone has pumped by 6.56%, Non-fungible Token zone by 5.87%, and DEP has pumped by 5.42%. AI zone has experienced a pullback, decreasing by -1.82% in 24 hours, and Virtuals Protocol (VIRTUAL) has dropped by 18.11%.

Golden Finance reported that the artificial intelligence DEP project Jugemu.ai has announced the completion of a $1 million financing, and the investor information has not been disclosed. The new funds will be used to support its Telegram mini-program based on the TON blockchain, and to enhance the participation and access of large language models through the Token system. It is reported that the project is also raising an additional $1 million.

Animoca Brands announced a partnership with GEODNET and invested in its development within the DePIN community to drive the development of positioning and augmented reality technology, further promoting the rise of the network, and integrating positioning technology into consumer applications.

The most active vertical market in the Decentralized Finance field may be the emerging 'NodeFi' market, according to a report released by Nansen and MetaStreet. The report points out that as the artificial intelligence industry matures, emerging blockchain-based industries are expected to experience explosive growth. Among them, the DEP project has the greatest potential for rise.

The first batch of Mining RigN3 Edge V1 launched by DePIN's AI project Network3 sold out within seconds, further improving the efficiency of network Token Mining. This Mining Rig can also participate in Mining IoTeX's native Token IOTX, and several top institutions have confirmed their participation in the next round of financing. Network3 has now initiated the listing process.

IoTeX ecosystem has 51 projects in the DEP field, ranking third and becoming a leader in the DEP-focused ecosystem. The financing scale in the DEP field has been increasing year by year, with a total market cap of over 20 billion US dollars. IoTeX completed the largest funding of 50 million US dollars. IoTeX has announced its 2.0 upgrade strategy, launching the first DEP modular infrastructure platform, which can provide core functions such as cross-ecosystem device data verification and off-chain computation for DEP projects, accelerating the process of large-scale adoption of DEP.

Artificial intelligence platform developer SingularityNET and FIL Foundation announced the establishment of a partnership, integrating artificial intelligence and decentralized physical infrastructure networks, establishing an AI ethics working group, and achieving long-term goals on different timelines, including integrating FIL technology stack into SingularityNET, managing knowledge graphs, etc.