DePIN project EMC (Edge Matrix Computing) announced the completion of a strategic financing round worth millions of dollars, with the specific amount undisclosed. Swiss Bochsler Group, Future3 Campus, 1783 Labs, Frontier Research, DMC, VOFO Corp, Exabits.ai, Hashmeta, CEEX Labs, BlueSea, and others participated in the investment.

According to official sources, on January 18th, 2024, the DMC Inscription System will officially launch its website for casting. Users can cast 210 DMCs per transaction by paying BTC as a handling fee. At the same time, the website has also launched an innovative Lucky Mint feature, which is a unique improvement to the BRC-20 protocol. DMC's inscription is the first multi-chain ecological linkage inscription, with many innovative gameplay features. Data is value, and DMCs essentially provide the ability to engrave data that is important to humanity on the BTC network. Behind DMCs is a new protocol for pricing data for all humanity, which solves the storage and ownership problems of public data on ETH through the ERC-7585 protocol specified by DMC, and achieves linkage with BTC and ETH.

Decentralized Infrastructure, the startup behind the construction of the DIMO network, raised $11.5 million in Series A funding led by CoinFund. Other companies such as Slow Ventures, ConsenSys Mesh, Borderless Capital, Bill Ackman's Table Management, and former CEO of General Motors G. Rick Wagoner Jr. also participated. Alex Felix, the Chief Investment Officer of CoinFund, will join the startup's board of directors. The Series A funding brings the total funding for Digital Infrastructure to $22 million.

According to Messari's data, the current valuation of the DeFi market is close to $2.2 trillion, with an expected growth to $3.5 trillion in the next four years. <br>

FutureMoney Group launched the FMG DePIN index, which includes 30 target project assets with a total FDV of 60 billion US dollars. The overall growth rate in 2023 is 1306%. The total coverage of the project users exceeds 90 million, with a potential user base of over 1 billion, covering more than 100 countries, and the potential wealth value is over 3.5 trillion US dollars. The index aims to provide reference for the development of cutting-edge fields such as DePIN, IoT, and blockchain.

The DePIN shared charging pile project PowerPod completed a seed round financing of $1 million. This round of financing was led by Waterdrip Capital, with participation from Iotex, Future Money Group, JDI Group, Future3 Campus, and Wagmi Venture.

The decentralized mobile Internet sharing and monetization DePIN project WiCrypt Network has issued a security alert, disclosing that fraudsters are creating fake websites and Telegram channels to impersonate Wicrypt. WiCrypt Network reminds users to only interact with the official Wicrypt website and official Telegram, correctly check the URL before clicking any links, and not to click any links or conduct transactions on any non-Wicrypt official website or channel.

According to the latest data from CoinGecko, the total market value of the DePIN sector is currently $12,086,479,609, with a 24-hour increase of 0.9%; the 24-hour trading volume is $1,177,273,596.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout.

FutureMoney Group and IoTeX Foundation have launched a $5 million DePIN Acceleration Program. (PR Newswire)