ChainCatcher news, Borderless Capital partner Alvaro Garcia recently stated, "DePIN may be the only category in Web3 whose value comes from outside the crypto industry." He believes this also allows DePIN projects to uniquely resist bear markets that may affect other crypto projects. In a recent interview during the mainnet conference, DePIN protocol Akash CEO Greg Osuri responded to this viewpoint. The protocol provides users with a decentralized marketplace to buy and sell computing power using the AKT token and stated that regulators have taken notice of the project's role.

ChainCatcher news, according to The Block, Borderless Capital partner Alvaro Garcia recently stated: "DePIN may be the only category in Web3 whose value comes from outside the crypto industry," and he believes this also allows DePIN projects to uniquely resist bear markets that may affect other crypto projects.In a recent interview at the mainnet conference, DePIN protocol Akash CEO Greg Osuri responded to this viewpoint. The protocol provides users with a decentralized marketplace to buy and sell computing power using AKT tokens and stated that regulators have already taken notice of the project's role."I spent a lot of time on Capitol Hill... I met with a key staff member of the House Energy and Commerce Committee... I introduced myself, and they said, 'We know Akash, it's the intersection of DePIN and artificial intelligence,'" Osuri said, calling the meeting "very productive."Osuri continued: "DePIN is more capable of attracting mainstream audiences than other crypto sectors. Currently, there is insufficient regulatory demand to ensure DePIN is not regulated like NFTs and DeFi, because when regulators study cryptocurrencies, they lump all industries together and regulate accordingly. So I think it's very important for us to separate the regulation of (DePIN and other cryptocurrencies) and ensure that legislators and regulators are informed. (Akash and InFlux) do not care about competition... as a way to demonstrate that we can achieve unity because we all care about the industry... Through this unity, I believe we can achieve regulatory clarity."

According to ChainCatcher news and data from DePINscan, the AI Layer2 project Network3 has reached a new global node count high of 340,000, with nodes distributed across 185 countries and regions including Europe, North America, and Southeast Asia.Additionally, Network3 has secured $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. The official statement claims that Network3 has currently initiated the process for the above.

ChainCatcher news, according to DePINscan data, the AI Layer2 project Network3 has reached a total of 330,000 global nodes, with devices widely distributed across 185 countries and regions including Europe, North America, and Southeast Asia.Additionally, according to the Web3 asset data platform RootData, Network3 has achieved $5.5 million in seed pre-round and seed round financing, with the next round of financing already underway and several leading institutions confirming their participation. The official statement claims that Network3 has now initiated the above process.

ChainCatcher news, according to official information, the second batch of mining machines for the AI & DePIN project Network3 will add 5,000 devices. It is reported that to meet market demand, improve equipment quality, and service efficiency, Network3 has launched a supplier recruitment program, seeking long-term partners for mining equipment, and has already reached strategic cooperation with several suppliers.Previously, it was reported that the first batch of mining machines from Network3 sold out immediately, with a strong market response. According to DePINscan data, all 3,000 units of the first batch of N3 Edge V1 devices have been fully on-chain.Additionally, according to RootData, Network3 has achieved $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. The official claims that Network3 has now initiated the on-chain process.

ChainCatcher news, the world's first AI-driven comprehensive financial derivatives service platform EraAI today announced the official launch of its membership system. To align with EraAI's global strategy in the Asia-Pacific region and to gather initial traffic, achieving the market share target for the DePIN track in the Asia-Pacific region by June 2025, EraAI provides efficient, secure, and intelligent multi-domain AI technology solutions and hardware device solutions for enterprises and users within Asia.In addition, EraAI also announced a strategic partnership with D3X, with both parties working together to promote innovation in AI technology and jointly explore the Asian AI market. EraAI will leverage its advanced technology in the AI field and D3X's global resources and experience to not only optimize investment management and trading strategies but also achieve overall profitability, real-time decision-making, and automated trading, which is expected to significantly enhance the operational efficiency and innovation capabilities of enterprises in the region.EraAI's Asia-Pacific strategy will achieve a perfect combination of European and American technology with Asian traffic. Era's entry into the market will also provide blockchain and DePIN enthusiasts in the Asia-Pacific region with new services and more optimization options, laying a solid foundation for future market expansion and user growth.

According to ChainCatcher news, data from DePINscan shows that the AI Layer2 project Network3 has reached a total of 320,000 global nodes, with nodes distributed across 185 countries and regions including Europe, North America, and Southeast Asia.Previous news reported that the physical mining machine "N3 Edge V1" released by Network3 sold out lightning-fast on the first day of its presale. Currently, this product requires 94 days to reach the breakeven point, ranking first in daily returns among many DePIN projects.Additionally, according to RootData, Network3 has achieved $5.5 million in seed pre-round and seed round financing, with the next round of financing already underway and several leading institutions confirming their participation. The official claim is that Network3 has now initiated the above process.

ChainCatcher news, according to DePINscan data, the AI Layer2 project Network3 has seen its first batch of mining machines, N3 Edge V1, reduce the payback period to 94 days (as of the time of publication), ranking second in payback period and first in daily earnings!As previously reported, Network3 will launch an LLM model for multi-end use in the N3 Dapp in October, allowing users to run it offline. The project has completed a $5.5 million seed round of financing, and the next round of financing is now open, with several well-known institutions confirming their participation, and the listing process has already begun.

ChainCatcher news, the cryptocurrency lobbying team Blockchain Association members will head to Capitol Hill in Washington on October 2 for the DePIN Day event. Representative projects such as Helium, CESS Network, and Multicoin Capital have been invited to share insights on DePIN and decentralized data infrastructure with U.S. lawmakers.

ChainCatcher news, Borderless Capital has launched its third DePIN fund, which has received $100 million in support. Investors in the fund include the blockchain Peaq, which focuses on DePIN, as well as the Solana Foundation and Jump Crypto.Borderless Capital partner Álvaro Gracia stated, "DePIN will become the global standard for deploying physical infrastructure, coordinating human resources, and creating billions of dollars in passive income, while providing users with convenient access and lower costs."

ChainCatcher news, according to CoinDesk, the rating agency Moody's stated in its first report on the DePIN (Decentralized Physical Infrastructure) sector released on Tuesday that DePIN can help existing networks expand and innovate, but various risks such as unclear regulations may hinder its growth."By combining established parts of the system backbone with building blocks of distributed ledger technology (DLT), DePIN has the potential to enhance the reliability and efficiency of networks while reducing operational costs, optimizing resources, and facilitating industry collaboration," the authors of the report stated."However, widespread adoption of DePIN faces significant obstacles, including regulatory and interoperability issues, cybersecurity risks, and the enormous investment requirements for infrastructure and skills," they added.The report noted that existing network operators—such as telecommunications companies and utility companies—are facing increasing user demands that require capital-intensive infrastructure development. The report also pointed out that leveraging decentralized models could help them alleviate some of the pressure while maintaining competitiveness as artificial intelligence and the Internet of Things (IoT) disrupt traditional business models.

ChainCatcher news, according to CoinDesk, the Wingbits protocol, which creates a DePIN flight tracking network based on Solana, announced the completion of a $3.5 million seed round financing, led by Borderless Capital and Tribe Capital, with participation from Antler and several angel investors.The team stated: "Wingbits rewards the data quality captured by antennas maintained by enthusiasts. Individuals are rewarded based on performance, coverage, and uptime, with a global leaderboard to compare the best-performing antennas. As of the end of 2023, there were 40 nodes on the Wingbits platform, which has now increased to nearly 2000."

ChainCatcher news, according to Cointelegraph, Lufthansa and Deutsche Telekom announced the launch of DePIN blockchain nodes to support the Peaq network, which is a Layer 1 network built for DePIN and real-world assets (RWA).It is reported that the Lufthansa Innovation Hub, Deutsche Telekom, Bertelsmann Investments, and the Technical University of Munich (TUM) have all launched their own Peaq nodes.

ChainCatcher news, according to the metrics released by DePINscan on September 5th, California time, the DePIN & AI project Network3's first batch of mining machines "N3 Edge V1" is expected to break even in 120 days, ranking in the top 3 among numerous DePIN projects, with the highest daily return.Previously, it was reported that the physical mining machine "N3 Edge V1" released by Network3 sold out lightning-fast on the day of its presale. The dual mining of tokens was launched on August 29th, allowing users who purchased the first batch of mining machines to receive double profits.According to the Web3 asset data platform RootData, Network3 has built an AI Layer2 aimed at helping global AI developers efficiently, conveniently, and economically perform large-scale inference, training, or validation of models. The project has achieved $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. The official claims that Network3 has already initiated the process. As of the date of publication, the number of project nodes has exceeded 300,000, widely distributed across 185 countries and regions globally.

ChainCatcher news, focusing on the DePIN track, the public chain SmartChain announces an investment in SmartWatch as an important component of its ecosystem. Through strategic cooperation with the DePIN DAO ecological alliance and the top Web3 mobile platform CoralApp, it aims to provide users with diversified services and participation opportunities, promoting the rapid development and implementation of the Web3 DePIN application market.

ChainCatcher news, the DePIN project Daylight tweeted that it has launched the first phase of its testnet. Users can earn Daylight Lumens by contributing to the network, inviting friends, and participating in social activities. Daylight Lumens are non-transferable tokens on the Base Sepolia testnet, serving as an accounting mechanism for network contributions.According to data from the crypto platform RootData, Daylight completed a $9 million funding round on August 1, led by a16z Crypto.

ChainCatcher news, according to Decrypt, the DePIN project Spacecoin plans to provide high-speed internet services to underdeveloped areas by launching nanosatellites. The project has the support of U.S. military generals, lunar scientists, NASA astronauts, and blockchain industry experts.Spacecoin will utilize blockchain technology to manage data transmission, allowing users to pay network fees with cryptocurrency. The first satellite, CTC-0, is expected to be launched in the fourth quarter of 2024, aiming to establish a global 5G network at a lower cost to help bridge the digital divide.