This week in the DePIN and AI sectors, strategic growth and significant funding rounds highlight the accelerating pace of innovation and market expansion. Here's a detailed look at this week's key developments:
- Deus X Capital Unveils Solstice Labs for Institutional DeFi Growth
Deus X Capital, a $1 billion family office-backed investment company, announced plans for Solstice Labs, a new venture focused on institutional-grade DeFi products. Their first Solana-based project was set to launch in early 2024, aiming to start with $100 million in total locked value. This move came shortly after Deus X Capital's introduction of Cor Prime, a prime of prime broker for the digital asset market. - IoTeX Partners with Polygon Labs for Cross-Chain DePIN Liquidity
IoTeX, a decentralized physical infrastructure network, revealed a collaboration with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer. The partnership, announced at the R3al World event in Singapore, aimed to enhance cross-chain capabilities for DePIN projects in 2024. This integration was expected to enable IoTeX-based projects to distribute rewards and allow users to settle on a chain of their choice. - Aethir and Filecoin Join Forces to Address GPU Scarcity in AI and Web3
Aethir, a decentralized GPU cloud computing network, partnered with the Filecoin Foundation to address GPU scarcity in AI and Web3 sectors. The collaboration, unveiled at the FIL Singapore event, aimed to integrate GPU leasing services with Filecoin's decentralized storage network. Aethir's network of over 43,000 GPUs, including Nvidia H100s, was positioned to meet the growing need for computational power in decentralized environments. - Render (RNDR) Experiences Surge in Whale Accumulation
Render saw increased whale accumulation, with large holder stakes rising significantly over the past quarter. This trend reflected growing investor confidence in Render's decentralized GPU marketplace, which aimed to meet the increasing demand for high-performance computing in a cost-effective manner. - Aptos (APT) Shows Positive Growth Amidst Market Fluctuations
Aptos showed positive weekly growth, trading around $5.5 with a 5% increase. Technical analysis suggested potential resistance near $6 and $6.5 if it maintained levels above moving averages. The project's performance indicated growing interest in its blockchain platform, which promised high throughput and scalability. - BlockDAG (BDAG) Gears Up for Presale and Testnet Launch
BlockDAG prepared for its upcoming presale in early 2024, with plans for a testnet launch in mid-2024. This phase was crucial for allowing comprehensive network testing and feedback collection before the official public launch. The project aimed to address scalability issues in traditional blockchain networks and was generating significant interest in the crypto community.
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