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Recent developments in the decentralized infrastructure space highlight significant investment and policy advancements, with major players making impactful moves.
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Following the trend of the Decentralized Physical Infrastructure Networks (DePin), companies are not just exploring technologies but are actively seeking to disrupt traditional models.
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According to Raullen Chai, CEO of IoTeX, “Collaboration with policymakers is the cornerstone of building a thriving DePin ecosystem,” emphasizing the importance of regulatory frameworks.
Explore the latest advancements in decentralized infrastructure as VanEck, Exabits, and IoTeX reshape the landscape with strategic investments and policy advocacy.
VanEck’s Strategic Investment in DAWN
In a notable move, VanEck has invested $2.5 million in DAWN, a bold initiative aiming to develop decentralized wireless networks. DAWN, which stands for Decentralized Autonomous Wireless Networks, positions itself as an alternative to traditional Internet Service Providers (ISPs). Soliciting social media support, VanEck claims this innovatory model could revolutionize internet access:
“While internet usage has exploded, the infrastructure delivering it has been constrained by legacy models that struggle to keep pace with modern demands. In the US alone, over 80 million Americans only have one option for high-speed Internet, creating local monopolies with little incentive to innovate,” the firm stated, highlighting the issues with existing ISP monopolies.
This investment signifies VanEck’s entry into the DePin space, traditionally more focused on crypto and AI ventures. The firm did not indicate any plans to expand its presence in the decentralized infrastructure sector, instead possibly signaling a strategy of selective investment.
Exabits Secures $15 Million Seed Round
Exabits, an emerging company specializing in AI and GPU tokenization, has successfully secured $15 million in seed funding. This latest capital influx raises its valuation to an impressive $150 million, alongside a remarkable 300% increase in quarterly revenues. This funding round was detailed on Exabits’ social media channels.
GPUs are integral to AI applications particularly in the DePin ecosystem, where substantial computational needs arise.
IoTeX Advocates for DePin Regulations
In a significant shift towards regulatory advocacy, IoTeX, a contributor to the decentralized infrastructure realm, has joined the Blockchain Association. This membership is seen as part of a broader strategy to engage with regulators and promote DePin-friendly policies. Their intention to foster a robust regulatory environment was articulated in a recent blog:
“Collaboration with policymakers is the cornerstone of building a thriving DePin ecosystem. By joining the Blockchain Association, IoTeX is creating clear pathways for DePin projects to launch,” emphasized Raullen Chai, echoing the call for a structured approach to decentralized innovation.
This initiative aligns IoTeX with other influential DePin leaders, demonstrating a collective effort within the blockchain community to advocate for conducive regulatory frameworks that support the growth of decentralized solutions.
Karrier One’s WiFi Hotspot Initiative
Karrier One has innovatively introduced decentralized WiFi hotspots utilizing the SUI blockchain to widen Internet access. Users who share WiFi capacity with carriers can earn KONE tokens, incentivizing participation in the expanded network. The launch is coupled with a giveaway of 300 hotspot devices, aimed at generating user interest and adoption.
“At a time when traditional telecom providers are struggling to keep pace with growing demand, Karrier One is leveraging Sui’s technology to add much-needed capacity and expand access to underserved areas,” stated Jameel Khalfan, indicating the critical role of blockchain in enhancing connectivity.
With close designation alongside Sui, Karrier One is aiming to provide essential WiFi access facilitated by decentralized principles.
Conclusion
The recent movements within the DePin sector, from significant investments to proactive regulatory advocacy, reflect a turning point in how decentralized technologies are approached. With key players like VanEck, Exabits, and IoTeX leading the charge, the landscape is primed for innovation. Their combined efforts can potentially reshape the infrastructure narrative, offering a scalable alternative to existing monopolistic models.
