In a significant endorsement of decentralized physical infrastructure (DePIN) technologies, NFT Technologies Inc. has announced a new milestone in its investment portfolio. Metablox, a key player within NFT Tech’s portfolio, has recently secured an investment from Samsung Next for its flagship product, Roam. This investment not only signals a substantial achievement for Metablox but also validates the broader potential and applicability of DePIN technologies in enhancing global connectivity.

The involvement of Samsung Next, a leading technology innovator, in supporting Roam underscores the project’s viability and its potential to redefine connectivity solutions globally. For Metablox, this partnership is expected to catalyze further growth and accelerate the adoption of its innovative solutions. This collaboration aligns with the vision of both companies to foster a more interconnected world through advanced technological solutions.

Strategic Implications of Samsung Next’s Investment

Wayne Lloyd, CEO of NFT Tech, articulated the strategic importance of this collaboration, emphasizing that the company’s focus on developing DePIN infrastructure places it at the vanguard of the digital revolution. The recognition by a global tech giant like Samsung Next not only highlights the success of Metablox but also showcases the efficacy of NFT Tech’s investment strategy which aims to harness the decentralized potential of blockchain technologies.

The partnership with Samsung Next enables Metablox’s Roam to expand its operational capabilities and market presence significantly. This enhancement is poised to set new benchmarks in the integration of blockchain technology with physical infrastructure projects, advancing decentralization and setting a new standard for global connectivity solutions.

Navigating the Future with Blockchain-Enhanced Connectivity

Looking forward, NFT Technologies continues to champion the growth and development of Metablox, along with other innovative ventures within the DePIN sector. The company is steadfast in its commitment to leveraging blockchain technology to forge a more efficient and accessible global infrastructure network. This commitment is evidenced by Metablox’s innovative approach in transforming how users interact with public WiFi networks.

Metablox’s pioneering protocol enables users to navigate public WiFi networks effortlessly using decentralized identifiers (DIDs) and verifiable credentials (VCs). 

This technology eliminates the repetitive and cumbersome processes of logging in, reconnecting, and managing passwords that plague current users during local and international travel. By fostering a unified global WiFi OpenRoaming network, Metablox is eliminating these barriers, enhancing user experience, and paving the way for a decentralized network of wireless access.

Moreover, Samsung Next’s role as an investment group that supports cutting-edge technologies across various sectors—including AI, blockchain, and fintech—complements its strategic investment in Metablox. This partnership not only underscores Samsung Next’s commitment to fostering innovation but also highlights the potential for blockchain technologies to revolutionize industries beyond traditional financial applications.

According to Blockworks, MapMetrics, a Decentralized Physical Infrastructure (DePIN) project, has announced its departure from the Solana ecosystem to migrate to peaq. Peaq is a layer-1 solution specifically designed for DePIN and Machine real-world assets (RWAs). MapMetrics, a drive-to-earn initiative, rewards its users with tokens and NFTs for supplying anonymous live traffic and map data. The team aims to develop a decentralized global map using Web3 technology, similar to the DePIN project Hivemapper.

Brent van der Heiden, co-founder of MapMetrics, stated that the decision was influenced by the modular DePin functionality offered by peaq. He explained that the 'Peaq ID', a decentralized multi-chain machine identity, allows the network to prioritize real machines during periods of high load. He also mentioned that the DePIN data verification framework and other Modular Functions would aid in expanding their DePIN's features.

Heiden also highlighted potential synergies within the broader peaq ecosystem, including with other DePINs and enterprise partners. These synergies could potentially lead to new partnerships and increase demand for the project. Heiden said, 'Peaq’s community includes thousands of DePIN enthusiasts, which will help us grow, and the Machine Composability that comes with using the same identity standard across the ecosystem will help us tap into the pool of devices already on peaq.'

The transition process will be executed in multiple phases, starting with smart contract deployments on peaq, followed by the transfer of core business logic to the layer-1. Subsequently, native token minting will also be available on peaq, and a bridging option will be provided to existing holders.

Despite MapMetrics' decision to leave, the Solana ecosystem continues to be a popular choice for many DePIN projects. For instance, Natix, another DePIN mapping project, announced its plans to launch its native token on the Solana blockchain, while still maintaining collaboration with the peaq network.

The latest edition of the Web3 Summit was held at the Atlantis Palm Hotel in Dubai on April 16th and 17th, 2024, as scheduled. Over two days, the summit addressed a broad range of topics including macroeconomic policies, technological advancements, artificial intelligence, Web3 infrastructure, and financial technology. It featured industry summits, expert speeches, roundtable discussions, and exclusive dinners. The summit aimed to provide participants with comprehensive insights into the current state and future trajectory of Web3 and related technologies. It explored the evolving digital ecosystem, highlighted Web3 development trends, and fostered collaboration within the industry, establishing itself as a key event in the digital and financial technology fields.

During the summit, Gather was invited as a guest and an important partner. Throughout the event, Gather attracted attention from numerous industry partners and engaged in in-depth discussions with its executives.

Simultaneously, as a leading ecosystem in the fields of DePIN, SocialFi, and AI, Gather not only participated deeply in discussions on the development trends of potential tracks including DePIN and AI, but Gather’s CMO, Nishant Rastogi, also delivered a keynote speech at the summit, providing in-depth insights into the current state of the industry, the Gather project, and the development status of the ecosystem.

This summit is becoming a new opportunity for Gather’s development. Through the window of the Web3 Summit, Gather has established partnerships with a series of industry partners to jointly lay out in-depth strategies for fields such as DePIN and AI. Additionally, Gather is expected to expand its global presence based on this, promoting the deepening expansion of the ecosystem into more potential countries and regions, laying a solid foundation for the rapid expansion of its DePIN network.

About Gather

Gather is the world’s first decentralized encrypted communication software, based on Web3.0 infrastructure, cryptographic technology, GProto communication protocol, and G-BOX hardware devices, providing a distributed long-link cluster to facilitate stable decentralized message exchange networks. Gather, from the inception of its product concept design, has been designed around protecting user privacy in Web3.0 applications, returning data ownership to users. Gather aims to be a true blockchain application, with fundamental differences from projects on Web3.0 infrastructure and all cloud servers.

Based on independently developed hardware devices and sold through different national agents to the global market, ownership of Gather hardware belongs to clients, distributed in different data centers. Based on various factors such as encrypted assets, community members, hardware devices, hardware operators, and end users, Gather has achieved improved resource utilization efficiency through decentralized means and provided value to participants, miners, and users.

Ecological Progress

Gather’s global market plan is to seek 20 general distributors/partners in countries. Currently, brand authorization cooperation has been signed in 12 countries, and the first batch of 5000 hardware/node orders has been successfully implemented. Over the next two years, Gather plans to complete the construction of 100,000 hardware nodes.

Currently, Gather’s cooperative national agents include Japan, South Korea, Malaysia, Vietnam, Cambodia, Laos, Dubai, the United Kingdom, Samoa, Singapore, Australia, and Indonesia, while countries under negotiation awaiting signing include Thailand, India, Russia, etc., with a total of 8 countries with partners yet to be developed. Gather will select regions with market vitality and policy stability from these national representatives to invest in and build more data centers, expanding the global map of distributed nodes.

In addition, Gather has already partnered with organizations such as the Malaysian Digital Ministry, Asia Pacific University of Technology & Innovation, Cambridge University Web3.0 Lab, Columbia University Blockchain Research Institute, Dubai Web3.0 Zone International Monetary and Financial Club, and Hong Kong Cyberport. In the future, Gather’s ecosystem partners will continue to grow, accelerating the process of ecological expansion and globalization development.

Gather has now completed preparations for the mainnet launch, with sufficient support from node operators and users. Our Gather GBOX devices were fully activated from 11:00 to 13:00 on April 20th, Kuala Lumpur time. With the official turning of the Gather ecosystem’s value gears, the Web3 space welcomes a brand new era.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post Gather attended the Dubai Web3 Summit and embarked on the path of globalization development appeared first on Visionary Financial.

Decentralized Physical Infrastructure Networks (DePIN) refer to decentralized physical infrastructure networks operated using blockchain technology. These networks aim to create a more efficient and transparent system for managing physical assets such as energy grids, transportation systems, and telecommunications networks. DePIN can securely record and verify transactions, track ownership and usage of assets, and automate processes like payments and maintenance.
2024 appears to be a crucial year for innovation and growth in DePIN projects. Here are ten DePIN projects expected to make a significant impact next year:
Helium: A project aiming to revolutionize the credit industry with a new algorithmic approach.WiFi Map: A project focused on creating a seamless user experience for decentralized commerce platforms.Filecoin: A project innovatively using smart contracts to automate trading strategies.IOTA: A project with a unique approach poised to disrupt the derivatives market.Theta Network: A project working to bring real-world assets onto the blockchain.VWX: A project dedicated to improving scalability and interoperability of DePIN crypto projects.Arweave: A project leading the development of decentralized insurance solutions.Akash Network: A project focused on increasing the efficiency of decentralized governance.Krest: A project exploring new ways to incentivize liquidity provision.DATS Project: DATS Project, designed by the ParSecure Cyber Security Team at Bilişim Vadisi, allows users to contribute to cybersecurity services by allocating system resources through the PoR smart contract and earn DATS. The project facilitates detecting cyber threats, identifying threats by scanning the internet, and easing risks for metaverse products. Services include DDOS Testing, Web3 & Web2 Threat Intelligence, DApp, Server and Cloud-Based Penetration Testing, Vulnerability Search Engine, and NFT Certificates.
Among the advantages of DePIN are its ability to increase efficiency, reduce costs, and enhance transparency by reducing reliance on central authorities and intermediaries. Additionally, it can enable new business models and services previously not possible, such as peer-to-peer energy trading or decentralized shared mobility.

#DePIN #DATSproject #DATS #Filecoin #IOTA

🎨💡 Empowering Cross-Chain DeFi with Picasso! 🌐🔗
🚀 Let's dive into key features and potential of #PICA in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Picasso is a unified network supporting multiple L1 blockchains across Polkadot, Kusama, Cosmos, and beyond. It maximizes ecosystem potential by providing cross-chain DeFi infrastructure and trustless bridging solutions.
2️⃣ Technology and Features: Picasso powers cross-ecosystem IBC transfer activity, leveraging and expanding upon the existing Inter-Blockchain Communication (IBC) protocol. It hosts various cross-ecosystem applications, assets, and tools for enhanced utility and value.
3️⃣ Whitepaper Analysis: The whitepaper highlights Picasso's role in maximizing Kusama and Polkadot's potential through cross-chain DeFi infrastructure and trustless bridging solutions. It enables developers to pioneer cross-chain smart contracts with Composable’s XCVM.
4️⃣ Use Case: PICA powers the IBC Hub, supporting cross-chain interaction and execution. It serves as a natively cross-chain token, powering functionalities across various ecosystems.
5️⃣ Team and Leadership: Composable's team comprises approximately 30 individuals, with key members including Henry Love, Omar, Blas Rodriguez Irizar, and Miguel Santefé.
6️⃣ Partnerships: Picasso has partnerships with multiple L1 blockchains, including Polkadot, Kusama, and Cosmos, with plans to connect with Ethereum and Solana.
7️⃣ Tokenomics: With a total supply of 10 billion tokens and circulating supply of 4.74 billion tokens, PICA distribution includes allocations for founders, contributors, partners, treasury, incentives, and liquidity programs.
8️⃣Exchanges: PICA tokens are tradable on centralized and decentralized exchanges, like Gate.io, BingX, osmosis, Uniswap V2.
9️⃣Conclusion: Picasso is a promising project offering cross-chain DeFi infrastructure and trustless bridging solutions. With its native token PICA and partnerships, it's set to shape the future of decentralized finance.
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#Polkadot #Dot #Web3 #DePIN #InfrastructureCoins $DOT $ETH $SOL

Hydro Online proudly announces the launch of its innovative platform, a transformative solution that enables a completely passive and seamless revenue stream for websites and digital applications. This service is designed to supercharge revenue generation across digital platforms without the complexities of traditional advertising methods, or data collection.

Revolutionizing Digital Monetization with Hydro Online

Hydro Online introduces an unique approach to monetization that is both passive and integrates seamlessly. It serves as a perfect alternative or complement to systems like Adsense, but without the reliance on disruptive ad placements. This new platform, built on the robust Sui Network, is tailored for all digital environments, whether desktop or mobile, enhancing the user experience by maintaining a clean and engaging interface.

Innovative Features and Easy Integration

The platform’s integration process is designed to be swift and straightforward, requiring only 5 to 10 minutes to set up, and is completely free to use. Hydro Online’s novel approach ensures that websites and apps can enjoy an uninterrupted revenue flow that does not necessitate active management or oversight. The essence of this system lies in its ability to generate income purely based on user engagement time, redefining the value of digital content.

Hydro Online emphasizes its commitment to ethical practices, explicitly stating that the platform does not engage in web mining or any other intrusive methods. This guarantees that the website’s performance remains unaffected, preserving the integrity and security of user devices.

Integrating Blockchain with Decentralized Physical Infrastructure Networks (DePINs)

Incorporating the principles of decentralized physical infrastructure networks (DePINs) represents a significant advancement in Hydro’s technology. DePINs enhance the security, efficiency, and transparency of digital systems by leveraging blockchain technology. By utilizing its Masternodes, Hydro is building a strong Depin network of infrastructure nodes to host and bolster the operations of all its supported networks, with plans to support even more in the future.

This strategy not only boosts the security and reliability of the SUI network but also establishes Hydro as a trailblazer in decentralized website infrastructure solutions.

Strategic Partnerships and Visionary Future Plans

Looking forward, Hydro Online has disclosed an upcoming partnership with a major streaming platform, which will significantly expand the reach and efficacy of the platform. Over the next 12 months, the focus will be on refining the platform’s features to their ultimate potential, followed by a phase of growth and expansion aimed at setting new standards in digital monetization.

Hydro Online invites web publishers and app developers to sign up now and be among the first to try the future of website revenue generation. This is an opportunity to join in digital monetization and experience firsthand how the platform can transform passive browsing into active earning.

About Hydro Online

Hydro Online is at the forefront of digital monetization technology, offering innovative solutions that empower content creators and publishers to maximize their revenue without compromising the user experience. By leveraging cutting-edge technology and a user-centric approach, Hydro Online is setting new benchmarks in how digital content is valued and monetized in a globally connected world.For further information, please visit: Website, Twitter, Telegram, Linkedin.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.