Latest news with #DecentralizedPhysicalInfrastructureNetworks
Yahoo
05-06-2025
- Business
- Yahoo
Your GPS tracker could be making you money—IoTeX's Jing Sun explains how
Your GPS tracker could be making you money—IoTeX's Jing Sun explains how originally appeared on TheStreet. Imagine a world where your solar panel, GPS tracker, or flight monitor earns passive income 24/7 — feeding valuable data to AI giants and global businesses. That's the world IoTeX is building. Co-founder Jing Sun says their platform is at the center of a new machine economy — where real-world devices plug into Decentralized Physical Infrastructure Networks (DePINs) and start generating real yield. Jing Sun started in venture capital, backing deep-tech startups across AI, data, and IoT. But things changed in 2017. 'We saw a huge vision,' she said. Inspired by the Ethereum whitepaper, she co-founded IoTeX, a Layer 1 blockchain designed to connect device data with AI models and traditional businesses. 'From 2010 to 2018, I was running venture capital, investing in groundbreaking tech startups—AI, data, IoT, and edge companies,' she shared. Now, that vision is reality. IoTeX powers networks where communities contribute data from devices like GPS antennas or solar panels and earn rewards from AI firms and enterprises. 'We connect device data from the real world and feed it into AI models, specifically vertical AI models,' Sun said. You've heard of DeFi. But DePIN might be crypto's most promising real-world use case. 'Messari coined the term in 2021,' Sun said. 'We call it MachineFi—the financialization of machine data or resources.' DePIN projects crowdsource infrastructure that used to be run by governments or big tech—think GPS, solar, and flight tracking—and bring it to underserved regions. 'DePIN creates coverage for underserved areas through community contributions,' Sun added. Projects like GEODNET (GPS), Glow (solar), and Wingbits (flight tracking) are already live on IoTeX. 'These are meaningful for society,' Sun said. And they're making real money. 'You and I can purchase devices, deploy them in our city, and operate them,' Sun said. These devices gather data—like location or energy output—sell it to networks, and pay you in tokens. 'It's a kind of basic income,' she added. 'You become an operator of a diverse machine network and earn rewards.' For example, a $300–$500 GEODNET node earns tokens by feeding precise GPS data into robotics systems. With IoTeX's DePINScan dashboard, you can track earnings in real time. It's plug-and-play crypto that anyone can do. Jing Sun says DePIN is a perfect fit for traditional investors. 'The business model is very clear,' she said. These networks have revenue, cost structures, and customer demand. 'You can value them like a traditional company—gross margins, unit economics, current revenue, and projections.' And it's working. IoTeX is already powering 100+ DePIN projects with $2.7B in total locked value. 'We see huge potential to onboard traditional investors to crypto through DePIN,' Sun said. Even Franklin Templeton named DePIN a top crypto theme for 2025. Looking ahead, IoTeX wants to power the next generation of AI agents and smart devices. 'AI agents will run on devices and need identities to monetize their work,' Sun said. Their tools like ioID and W3bstream give devices identity and verify their data. 'Machines will be the biggest users of blockchain for payments and automation,' Sun predicted—and IoTeX is already building the foundation. Your GPS tracker could be making you money—IoTeX's Jing Sun explains how first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
03-06-2025
- Business
- Associated Press
MEXC to Serve as Major Sponsor at Solana Summit APAC 2025, Reinforcing Commitment to SOL Ecosystem Growth
VICTORIA, Seychelles, June 03, 2025 (GLOBE NEWSWIRE) -- MEXC, a leading global cryptocurrency exchange, will participate as one of the Major Sponsors at the upcoming Solana Summit APAC 2025, taking place June 5-7 in Da Nang, Vietnam. The summit will showcase MEXC's deepening commitment to the Solana ecosystem and introduce innovative community engagement initiatives designed to strengthen partnerships with builders and developers across the region. Building Strategic Partnerships in the SOL Ecosystem MEXC's participation at Solana Summit APAC will reinforce the exchange's position as a trusted partner for Solana builders and innovators. The company's presence at the summit embodies their core message: 'Build on SOL, grow with MEXC.' This strategic positioning will set the stage for an upcoming SOL ecosystem promotion campaign scheduled to launch in late July 2025. The three-day summit will attract developers, founders, venture capitalists, and crypto enthusiasts from across the global Solana ecosystem, providing MEXC with a premier platform to engage with key stakeholders and expand its presence within the developer community. Interactive On-Site Activations and Community Engagement MEXC will launch an innovative Treasure Hunt Activation during the summit, featuring five unique sticker designs incorporating the MEXC logo and QR codes linking to the company's official social media channels. Participants who locate all five stickers hidden throughout the event venue will be eligible to redeem exclusive co-branded merchandise at the MEXC booth. This gamified approach reflects MEXC's commitment to fostering meaningful community interactions and creating memorable experiences for summit attendees while amplifying the company's regional presence. Thought Leadership and Industry Expertise On June 5, Yuky Tran, COO of MEXC Vietnam, will participate in a panel discussion addressing critical industry challenges. The session, scheduled from 11:05-11:35 AM, will explore 'What roles do DEX's or launchpads play in protecting retail investors from scams?' Tran will join industry leaders including representatives from Outlaw, HawkFi, SecondSwap, and Meteora to discuss investor protection strategies and platform responsibilities. Additionally, YY, Head of Listing of MEXC Ventures, will be at the exclusive VC Demo Day on June 7, a curated four-hour event designed to explore Vietnam's emerging role as a launchpad for Decentralized Physical Infrastructure Networks (DePIN). The invite-only gathering will bring together 70-100 attendees, including DePIN builders, Solana ecosystem leaders, venture capitalists, and Web2 companies from AI, IoT, energy, logistics, and XR sectors seeking to integrate real-world DePIN applications. Strengthening the Global Solana Community MEXC's major sponsorship of the Solana Summit APAC demonstrates the exchange's strategic commitment to supporting the broader Solana ecosystem while establishing stronger connections with the developer community across Asia-Pacific markets. The summit participation will serve as a launching pad for expanded regional initiatives and partnerships throughout 2025. The Solana Summit APAC 2025 will bring together the region's most innovative blockchain projects, developers, and industry leaders, making it an ideal venue for MEXC to showcase its dedication to fostering growth within the Solana ecosystem. About MEXC Founded in 2018, MEXC is committed to being 'Your Easiest Way to Crypto.' Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. MEXC Official Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC Source Contact: Lucia Hu [email protected] Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. 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Hamilton Spectator
28-05-2025
- Business
- Hamilton Spectator
Hivello's 'Buy Back & Burn' Initiative to Support $HVLO Growth & Sustainability
LONDON and AMSTERDAM, May 28, 2025 (GLOBE NEWSWIRE) — Hivello, a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), has announced plans to introduce a new 'Buy back and burn' initiative, designed to strategically support the long-term value and sustainability of its native token, $HVLO. Under this initiative, a variable percentage of Hivello's revenue will be allocated quarterly to buying $HVLO back off the open market and burning it, gradually reducing the circulating supply of $HVLO. This approach reflects Hivello's commitment to aligning its business growth with the broader health of its token economy, while reinforcing long-term incentives for its community. Additionally, making the HVLO token deflationary by linking it's supply to the performance of the rapidly growing Hivello network further aligns the token with the network for all participants. 'We've seen how buy back and burn models can boost trust and sustainability when executed correctly,' added Domenic Carosa, Co-founder & Chairman of Hivello. 'This initiative helps us stay community-first while building a stronger foundation for HVLO's future utility and growth.' About Hivello : Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all. Website | X | Discord | LinkedIn | Youtube Contact information: Karla Janse van Rensburg Marketing coordinator @ Hivello karla@ A photo accompanying this announcement is available at
Hamilton Spectator
27-05-2025
- Business
- Hamilton Spectator
Hivello x Banxa - $HVLO Token Available via Apple Pay & Credit Card
LONDON and AMSTERDAM, May 27, 2025 (GLOBE NEWSWIRE) — Hivello , a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces that its native token $HVLO will soon be integrated with Banxa, a global fiat-to-crypto on-ramp solution trusted by leading Web3 platforms. This integration means that users in over 130 countries will be able to buy $HVLO directly using local fiat payment methods, including credit/debit cards, bank transfers, Apple Pay, Google Pay, and more. Crucially, users will not need to go through a centralized exchange, making it faster and simpler for anyone, regardless of technical expertise, to acquire HVLO and participate in Hivello's growing ecosystem. For Hivello, this marks a meaningful step forward in its mission to onboard millions of Web2 users into Web3. By integrating with trusted platforms like Banxa, Hivello is making it even easier and more accessible for anyone to participate in DePIN, enabling users to go from 'idle device' to contributor with just a few clicks, no prior crypto experience required. Not only is Hivello making DePIN more accessible through seamless fiat integration, but it's doing so at the right time. According to Messari's Q1 2025 DePIN Sector Report , the sector has already surpassed $50 billion in market cap and is projected to reach $3.5 trillion by 2028. With over 13 million devices contributing daily and $350 million in capital raised over the past year, DePIN is entering a phase of rapid expansion, and Hivello is building the infrastructure to bring everyone in. The integration is expected to go live in the coming weeks and HVLO will be supported directly within Banxa's interface. 'Banxa is a proven bridge between traditional finance and Web3,' said Holger Arians CEO of Banxa. 'This partnership accelerates our ability to reach users who've never touched crypto before. Our mission is to simplify access to the digital asset ecosystem. Partnering with Hivello allows us to empower millions of users to participate in the rapidly growing DePIN economy—easily, securely, and without friction. Users around the world can now go from fiat to HVLO in just a few clicks—and immediately start contributing to and earning from the decentralized economy.' 'This is a big step toward making DePIN truly accessible to the mainstream,' said Domenic Carosa, Co-founder & Chairman of Hivello. 'With Banxa, it's now easier for anyone to buy HVLO using regular payment methods—no crypto experience needed.' About Hivello : Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle computers. We aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all. Website | X | Discord | LinkedIn | Youtube About Banxa : Banxa is a global on-and-off-ramp infrastructure provider that bridges the gap between traditional finance and digital assets. Operating in 130+ countries, Banxa offers fully compliant fiat-to-crypto payments, helping users and businesses access digital assets easily and securely. Website Contact information: Karla Janse van Rensburg Brand & Marketing coordinator @ Hivello karla@ A photo accompanying this announcement is available at
Hamilton Spectator
21-05-2025
- Business
- Hamilton Spectator
Hivello and IoTeX Partner for $HVLO Staking
LONDON and AMSTERDAM, May 21, 2025 (GLOBE NEWSWIRE) -- Hivello , a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces $HVLO is now listed on DePINscan — the leading explorer and analytics platform for Decentralized Physical Infrastructure Networks (DePIN) on IoTeX . Through this listing, Hivello is significantly expanding its visibility and reach within the broader DePIN & IoTeX ecosystems. By being featured on DePINscan, users now have access to $HVLO through another trusted, transparent platform where they can find information about Hivello, learn about the $HVLO token, and participate in staking directly on IoTeX's L1 Blockchain. This not only strengthens Hivello's discoverability among crypto-native and DePIN-aligned communities, but also creates a more accessible entry point for new users looking to understand and engage with decentralized infrastructure. As DePIN adoption accelerates globally, this integration ensures that Hivello is well-positioned at the center of a rapidly evolving movement, DePIN. With over 13 million active devices contributing to DePIN networks daily, the market is projected to grow from $50 billion in 2024 to $3.5 trillion by 2028 (Messari, Q1 2025) . By partnering with IoTeX, Hivello is not only increasing visibility, it is providing users with the tools, incentives, and entry points needed to help more people onboard into this new, decentralized movement. 'Partnering with IoTeX to bring HVLO staking to DePINscan is a meaningful step for us,' said Domenic Carosa, Chairman of Hivello. 'It allows us to open up HVLO and Hivello in a greater way to the IoTex ecosystem and community who wish to participate even more in DePIN. This aligns perfectly with our mission to onboard the next wave of Web2 users into Web3.' 'By converging technical innovation with powerful partnerships, this launch marks a major step forward in expanding DePIN accessibility and participation,' added Qevan Guo, CTO and Co-Founder of IoTeX. About IoTeX : IoTeX is a Layer 1 blockchain platform designed to power decentralized physical infrastructure networks (DePIN) and real-world Web3 applications. It provides the tools, scalability, and infrastructure needed for projects to connect physical devices to blockchain in a secure, efficient, and decentralized way. Website | X | Discord About Hivello : Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all. Website | X | Discord | LinkedIn | Youtube Contact information: Karla Janse van Rensburg Marketing coordinator @ Hivello karla@ A photo accompanying this announcement is available at
