depin

On September 29, Shayon Sengupta, a partner at the cryptocurrency investment firm Multicoin Capital, stated that Multicoin has invested in the decentralized bandwidth network Grass through its hedge fund and venture capital fund, referring to it as the reading layer of machine intelligence. Over the past 18 months, Grass has recruited contributors to share idle bandwidth through crypto incentives for querying and parsing the public internet, connecting data to the data pipeline of frontier labs.The article cites a report from Grass itself, stating that over 6 million contributors have received rewards denominated in USD, funded by the revenue generated directly from their contributions. Grass reported revenues of $17 million in 2025, with another $17 million recorded in the first half of 2026, with nearly all AI clients making repeat purchases. Grass claims the business is profitable and projects that revenue from training data alone will reach $75 million in 2026, with relevant figures coming from its call on July 7 to token holders and network participants.Sengupta wrote that Grass plans to launch a Contents API, allowing models to open and render public pages through residential networks, and plans to introduce a Search API along with web indexing. Grass has collected over 1 billion public internet videos, some of which are used with Multicoin portfolio company Inference.net for training video annotation models.

Satellite communication infrastructure company Space Network has signed a binding pre-purchase agreement worth $50 million with Philippine infrastructure company HQ Company International Holdings to provide satellite connectivity to the Philippines through the low Earth orbit satellite network Freeport. The signing ceremony was held at SKY 31 in Seoul, attended by Space Network CEO Tae Lim Oh and HQ Company CEO Yongsoo Samuel Cho.According to the agreement, Space Network will provide access to the Freeport network, technical hardware, software, and ongoing engineering support, while HQ Company will be responsible for local sales, customer acquisition, spectrum authorization, and regional service implementation. Cho is the son-in-law of former Philippine President Fidel V. Ramos and has long been engaged in cross-border investment and infrastructure business in the Philippines. This agreement adds to the $100 million agreement signed by Space Network with Vietnam's DETI Technology in June 2026, bringing the total commercial pre-purchase amount to $150 million.Freeport is built and operated by Space Network, currently featuring 4 low Earth orbit satellites, with plans to expand to approximately 230 satellites by the time commercial services launch in 2029. Operators can purchase regional capacity and build their own services on the open network, with nodes settling through on-chain contracts. The related project Spacecoin combines blockchain protocols with low Earth orbit satellites for service pricing and payments within the network.

Geo-DePIN project TINA announced the completion of a $3 million financing round, with investors including THINKWARE, Gemhead Capital, Archer Capital, Astra Capital, Mayer Venture, and Tidal Capital.TINA stated that this round of funding will be used to accelerate TINAGeo's global expansion, the growth of the dashcam ecosystem, and to advance the construction of Geo-DePIN data infrastructure.It is reported that TINA is a geospatial DePIN project based on Solana, where users can earn rewards by contributing and verifying POI location data and collecting spatial data during daily driving. The project is collaborating with dashcam manufacturer THINKWARE to launch TINAGeo Dashcam, promoting the implementation of Drive-to-Earn.

The TON Network DePIN project PinGo officially stated that regarding the recent security incident, the team has confirmed that this attack is related to the asynchronous execution mechanism of the TON blockchain. To further enhance the security of the protocol and prevent similar issues from occurring again, PinGo will upgrade the project contract.In addition, the PinGo team stated that they are currently communicating with relevant ecological partners and exchanges, and will promote exchanges to restore $PINGO deposit services as soon as possible. After the contract upgrade and necessary security checks are completed, the team will continue to disclose subsequent progress.

The official announcement from the Ton Network DePIN project PinGo states that the project has once again encountered a cyber attack, and the attackers have sold some of the involved tokens. Currently, the PinGo team has completed the consolidation of on-chain assets and is actively addressing this security incident.It is reported that Gate has temporarily suspended the recharge of PinGo tokens. The PinGo team stated that they will continue to disclose subsequent information based on the progress of the incident. As a result of the incident, the price of PINGO briefly surged by 70%, with the current quote at 0.03 USD.

Web3 fitness application BRTFit announced that it is preparing for significant expansion in the Southeast Asia region and reiterated the arrangement for the distribution of 1 million BRT genesis airdrops. The final weighting will be 50% tBRT snapshot and 50% valid invited users. The genesis airdrop is not only aimed at early users; new joiners can also improve their ranking by staying active, exercising continuously, and inviting real users.Regarding the testnet rules, according to the latest iOS application version, if users stop exercising and do not meet the specified activity conditions, the testnet mechanism may deduct 10% of their total tBRT holdings. BRTFit calls on users to exercise more, invite more, and stay active to compete for shares of the genesis airdrop, and it states that the Southeast Asian market is coming soon.BRTFit is an application based on the BNB Chain's Move to Earn and DePIN direction, combining exercise data with token incentives, allowing users to join the ecosystem by searching for relevant entry points.

According to GMGN monitoring, the Base ecosystem token POD (dphn.ai) saw a significant increase in market value this morning, peaking over $170 million, currently reported at $130 million, with a 24-hour increase narrowing to 82%, and a trading volume of $6.3 million during the same period.It is reported that dphn.ai is an AI model development and DePIN project, and the "Dolphin Mistral 24B Venice Edition" it provides is the default uncensored AI model on the Venice platform. Previously, during the surge of VVV, POD rose as it served as a core model provider. This increase may also be compounded by the influence of Base co-founder Jesse's retweet, with related sentiment continuing to ferment.

According to GMGN monitoring, the Base ecological token POD (Dolphin) surged significantly this morning, with a peak market value exceeding $82 million, currently falling back to $76.4 million, with a 24-hour increase of 130%, and an on-chain trading volume of approximately $2.9 million during the same period.The catalyst for this round of increase may be the strong market performance of VVV. As an AI model development and DePIN project, Dolphin provides the "Dolphin Mistral 24B Venice Edition," which is the default uncensored AI model on the Venice platform, leading to an increase in POD as the core model provider.

The first AI + DePIN project PinGo on the TON chain was officially announced on May 7, expanding its AI ecosystem blueprint with three core components:AI Token Integration Platform: Supports staking, governance, and cross-platform applications of AI Tokens; AI Infrastructure Platform: Aggregates idle computing power globally to support scalable AI workloads; AI Skill Marketplace: Provides opportunities for creators and developers to monetize AI skills and services.This ecological expansion marks an important step for PinGo in building a global decentralized AI + Web3 ecosystem. Following the announcement, its official token $PINGO saw a temporary price increase of 24%.

The decentralized physical infrastructure network SHARE has completed its seed round financing, led by Greenfield Capital, with participation from Kosmos Ventures, Generative Ventures, Zee Prime Capital, and other strategic funds and angel investors. The specific amount of financing has not been disclosed.

According to SoSoValue data, most sectors in the crypto market have retraced, with only the DePIN, AI, and SocialFi sectors remaining relatively strong, rising 0.01%, 0.06%, and 2.14% respectively over the past 24 hours. Within the DePIN sector, Arweave (AR) increased by 2.40%; in the AI sector, Virtuals Protocol (VIRTUAL) rose by 1.33%, and Worldcoin (WLD) increased by 2.03%; in the SocialFi sector, Toncoin (TON) went up by 2.80%.In addition, Bitcoin (BTC) fell by 3.10%, briefly dropping below $73,000, but has now rebounded to above $76,000; Ethereum (ETH) decreased by 3.72%, touching $2,100 at one point, and is now approaching $2,300.In other sectors, the Layer1 sector dropped by 2.12% over the past 24 hours, with Solana (SOL) falling by 5.00%, while Cosmos Hub (ATOM) rose by 5.49%; the Meme sector declined by 0.38%, with Binance Life significantly increasing by 13.58%; the PayFi sector decreased by 0.96%, but Trust Wallet (TWT) rose by 4.20%; the Layer2 sector fell by 1.56%, with Polygon (POL) down by 3.74%; the CeFi sector dropped by 1.70%, with OKB down by 2.11%; the DeFi sector decreased by 1.93%, while Morpho Token (MORPHO) rose against the trend by 5.01%.The crypto sector indices reflecting historical market performance show that the ssiSocialFi, ssiDePIN, and ssiAI indices increased by 2.56%, 0.68%, and 0.42% respectively.

According to Fortune, the venture capital firm Escape Velocity has completed its second round of fundraising, raising a total of $62 million, primarily to support DePIN (Decentralized Physical Infrastructure) and broader projects in the cryptocurrency space.The fund attracted notable investors, including Marc Andreessen and Ribbit Capital founder Micky Malka, with the largest contributor, Cendana, contributing $15 million. Escape Velocity co-founder Mahesh Ramakrishnan stated that although the DePIN sector is currently facing a market downturn, he believes that decentralized physical infrastructure will see breakthroughs. The company has previously invested in DePIN projects such as Daylight and Glow in the solar energy sector and plans to continue seeking high-quality projects that go beyond market hype.

According to SoSoValue data, the overall cryptocurrency market is showing a slight upward trend, with the DeFi sector performing exceptionally well, rising 3.68% in 24 hours. Among them, Hyperliquid (HYPE) surged by 27.77%, Lighter (LIT) increased by 11.16%, and Jupiter (JUP) rose by 6.47%. Meanwhile, Bitcoin (BTC) increased by 0.82%, approaching the $90,000 mark. Ethereum (ETH) rose by 2.67%, breaking through $3,000.It is noteworthy that MAG7.ssi increased by 1.56%, DEFI.ssi rose by 6.67%, and MEME.ssi went up by 3.05%.Other standout sectors include: the AI sector, which rose by 2.19%, with Kite (KITE) increasing by 7.99%; the Meme sector, which increased by 2.01%, with PIPPIN (PIPPIN) surging by 62.31%; and the Layer1 sector, which rose by 1.83%, with Zcash (ZEC) increasing by 7.38%.In other sectors, the CeFi sector rose by 1.52%, with Aster (ASTER) increasing by 3.89%; the Layer2 sector rose by 0.56%, with Mantle (MNT) increasing by 3.28%; the RWA sector rose by 0.48%, with Keeta (KTA) increasing by 15.31%; and the PayFi sector rose by 0.01%, with Bitcoin Cash (BCH) increasing by 3.12%.Additionally, the DePIN and GameFi sectors fell by 0.86% and 1.91%, respectively.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiAI, and ssiLayer1 indices rose by 6.19%, 4.38%, and 2.24%, respectively.

According to SoSoValue data, the cryptocurrency market sector has declined for two consecutive days, with the DePIN sector leading the drop at 4.22% over the past 24 hours. Within this sector, Filecoin (FIL) fell by 8.55%, and Golem (GLM) dropped by 10.07%. Additionally, Bitcoin (BTC) decreased by 0.74%, falling to just above $95,000, while Ethereum (ETH) remained relatively stable, down 0.21%, still hovering around $3,300.In other sectors, the CeFi sector declined by 0.37% over the past 24 hours, but NEXO (NEXO) rose by 1.13%; the Layer1 sector fell by 1.32%, with TRON (TRX) surging 2.30% during the day; the PayFi sector decreased by 2.11%, while Dash (DASH) rose against the trend by 3.50%; the Layer2 sector dropped by 2.52%, with Mantle (MNT) increasing by 0.99%; the DeFi sector fell by 2.59%, but River (RIVER) still surged by 8.12%; the Meme sector decreased by 2.93%, while MemeCore (M) rose by 1.65%.The cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi, ssiDePIN, and ssiSocialFi indices fell by 4.53%, 4.26%, and 3.20%, respectively.

According to SoSoValue data, the various sectors of the cryptocurrency market have experienced a slight pullback after continuous rises, with only the DePIN and AI sectors remaining relatively strong, increasing by 0.04% and 1.06% respectively over the past 24 hours. Within the DePIN sector, Render (RENDER) rose by 2.57%, and Golem (GLM) increased by 3.56%. In the AI sector, Bittensor (TAO) rose by 5.63%, and Fartcoin (FARTCOIN) increased by 5.70%.Additionally, Bitcoin (BTC) fell by 1.55%, retreating below $93,000. Ethereum (ETH) rose by 0.61%, maintaining above $3,200.In other sectors, the Layer1 sector dropped by 0.22% over the past 24 hours, with Cosmos Hub (ATOM) rising by 4.02%; the DeFi sector decreased by 0.25%, but River (RIVER) rose by 16.74%; the CeFi sector fell by 0.58%, while MX (MX) increased by 0.98%; the Layer2 sector declined by 1.42%, with zkSync (ZK) remaining relatively strong, rising by 2.40%; the previously high-performing Meme sector fell by 2.30%, with MemeCore (M) rising against the trend by 6.40%; the PayFi sector dropped by 4.11%, with Velo (VELO) increasing by 3.64%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiLayer1, and ssiDeFi indices rose by 1.74%, 0.50%, and 0.23% respectively.

According to official news, Binance Alpha will launch Depinsim (ESIM) on January 5.Eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after the Alpha trading opens. Further details will be announced separately.