What’s New in DePin? io.net Partners With Theoriq, Nuklai Launches DAO, Charge.xyz Announces Airdrop

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

Here’s what happened recently in the DePIN sector: io.net teamed up with Theoriq to provide decentralized infrastructure for AI builders, Nuklai launched a DAO to empower its community, and Charge.xyz announced a token airdrop. 

io.net and Theoriq Team Up to Boost AI Decentralization

io.net has partnered with modular AI platform Theoriq to provide decentralized infrastructure for builders. This collaboration will use io.net’s GPU network to boost the performance and scalability of Theoriq’s blockchain applications.

The partnership offers numerous benefits for blockchain developers. They can access computational power at a lower cost than traditional cloud services and easily scale resources for AI models.

“We are excited to partner with io.net to provide high-quality GPU compute to power AI agents on our protocol. io.net’s decentralized compute infrastructure will help us grow the community of AI developers and bring our vision of fully decentralized and community-governed AI to life,” Theoriq CEO Ron Bodkin shared.

Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

With io.net’s globally distributed computational resources, Theoriq’s developers can process machine learning tasks closer to data sources, reducing latency. This is crucial for AI applications requiring real-time processing. Developers can choose from various GPU options and configure clusters to meet specific AI task requirements, from training deep learning models to running complex simulations.

io.net’s compute infrastructure will also power the AI Agent Collective developed by VictoryChain and Fan Controlled Sports Entertainment (FCSE) on Theoriq’s protocol. This collective will provide insights into community sentiment, enabling users to make data-driven decisions and strategize their plays.

Nuklai Launches DAO to Empower Community Governance

Nuklai, a collaborative data marketplace and infrastructure provider for data ecosystems, has announced the launch of the Nuklai DAO, a decentralized autonomous organization designed to empower its community and ecosystem. This initiative allows members to have a direct say in fund allocation through proposals and votes on Commonwealth and Snapshot.

The Nuklai DAO will manage the 400,000,000 NAI Community token allocation. The first vote will focus on organizing a hackathon to create high-quality reference datasets for the Nuklai Data Marketplace. 

“With multiple builders already signed up and an ecosystem of partners ready to leverage our decentralized technology, we want to begin another important initiative. That is, to kickstart the process of including our community in decision-making on upcoming plans to grow Nuklai. With this development, we move towards greater community-driven governance and collaboration,” the team stated.

Read more:  Top 9 Web3 Projects That Are Revolutionizing the Industry

A month ago, the project has  changed  NAI token vesting schedule to promote sustainable growth and a more community-driven ecosystem. The new plan reduces token  inflation  by 50%, a move designed to increase the long-term value of the tokens.

Ecosystem  unlocks  are paused until December 2024, meaning the release of tokens to the market will be significantly delayed. This includes a delay in allocating tokens to both the team and stakers until 2025, ensuring that these major holders cannot access and potentially sell large quantities of tokens for an extended period.

Charge.xyz Announces Airdrop

Charge.xyz is a peer-to-peer platform focused on electric vehicle (EV) charging, enabling cars to use any charging point while allowing individuals to earn passive income. It aims to decentralize the EV charging infrastructure, making it more accessible and efficient by leveraging community-owned charging stations.

The platform works by allowing private charger owners to connect their chargers to the Charge.xyz network, turning them into publicly available charging points. Users can set their charging rates, customize availability, and monitor usage, making the process flexible and transparent​

Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?

On July 22, the project’s team announced an airdrop for early users. While the details remain undisclosed, crypto community members are actively discussing the event and sharing tips on how to earn more points, which will increase their chances of receiving free tokens .

“The lack of available electric vehicle chargers is holding back adoption, but you can help close that gap by joining the @charge_xyz community to build a DePIN network of chargers. The team have just announced that there will be a token AIRDROP for people accumulating charge credits,” X user Tetherman wrote .

How to Earn Charge Credits. Source: charge.xyz

These developments indicate a promising future for DePIN, with more prominent players entering the sector and new solutions emerging. While DePIN is still in its early stages and has some flaws, it allows for the exchange of tokens between synthetic and real-world assets. This supports traditional infrastructure by providing last-mile coverage in areas where conventional models are not economically feasible.