DePIN Network XNET announced on X that it has launched Solana. According to the introduction, XNET expands mobile coverage by using radio and access points in stores and enterprises. Deployment personnel are rewarded for filling cellular dead zones with XNET equipment. Then, XNET will sell the increased coverage to major operators, charge them access fees, and return the revenue to the XNET network. Note: Cellular dead zones refer to areas within the cellular network coverage range where communication is impossible due to insufficient or no signal coverage.

Zero-knowledge proofs generated on DePIN devices are the best way to provide robust verification for service, performance, and location data while maintaining decentralization and privacy, argue NovaNet cofounders Wyatt Benno and Houman Shadab.

1. 21 million LINK flowed out of the Chainlink non-circulating supply contract 3 hours ago, equivalent to approximately US$295 million

Verida, a DePIN network developer, has completed a $5 million seed round of financing with a post-investment valuation of $50 million. Participating investors include O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital, and Evan Cheng from Mysten Labs. The new funds will be used to develop Verida's personal data storage infrastructure, providing decentralized storage and encryption services for user personal information.

DePIN X, a crypto investment firm focused on investing in DePIN projects, strategically invested in the decentralized AI cloud gaming protocol, DeepLink Protocol, further solidifying DeepLink's important position in the technical revolution of the decentralized cloud gaming industry.

On May 3rd, according to official sources, the AI+DePIN innovative decentralized artificial intelligence project WorldBrain Beta system officially launched its interaction on May 2nd (UTC-5), and the WorldBrain system interaction incentive mechanism was also launched, allowing users to stake the system token WBC to receive more token incentives. Linking AI, Web3, and DePIN technologies, WorldBrain will open up a new decentralized intelligent world.

UtilityNet, a newcomer in the AI+DePIN field, announced the launch of its node deployment function and the completion of its test network code on GitHub. UtilityNet is a decentralized digital chip network dedicated to providing powerful chip resources for the computing needs of the next generation of edge computing and AI infrastructure.

DePIN

On March 10th, according to Chainwire, DePIN Investment and hardware manufacturing group JDI partnered with Asian artificial intelligence trade and technology company Tensor to launch a $20 million Phoenix AI ecosystem fund. The strategic development fund aims to accelerate the development of the Phoenix AI application ecosystem and invest in artificial intelligence computing infrastructure hardware.

MXC announced it has received a strategic investment of $10 million led by JDI Ventures, a DePIN-focused investment fund under blockchain hardware manufacturer JDI Global. The MXC team was founded in Berlin, Germany in 2017 and has been committed to the development of DePIN space. The team has launched the first Layer3 zkEVM solution on Arbitrum, with the vision of becoming the DePIN infrastructure of the Ethereum ecosystem. The technology team, led by former zkSync core members, will continue to push the boundaries of DePIN technology. JDI Global will work with the MXC team to provide funding, hardware development, and market influence support for early-stage DePIN projects, accelerating the development of the DePIN ecosystem.