On May 3rd, according to official sources, the AI+DePIN innovative decentralized artificial intelligence project WorldBrain Beta system officially launched its interaction on May 2nd (UTC-5), and the WorldBrain system interaction incentive mechanism was also launched, allowing users to stake the system token WBC to receive more token incentives. Linking AI, Web3, and DePIN technologies, WorldBrain will open up a new decentralized intelligent world.

UtilityNet, a newcomer in the AI+DePIN field, announced the launch of its node deployment function and the completion of its test network code on GitHub. UtilityNet is a decentralized digital chip network dedicated to providing powerful chip resources for the computing needs of the next generation of edge computing and AI infrastructure.

DePIN

On March 10th, according to Chainwire, DePIN Investment and hardware manufacturing group JDI partnered with Asian artificial intelligence trade and technology company Tensor to launch a $20 million Phoenix AI ecosystem fund. The strategic development fund aims to accelerate the development of the Phoenix AI application ecosystem and invest in artificial intelligence computing infrastructure hardware.

MXC announced it has received a strategic investment of $10 million led by JDI Ventures, a DePIN-focused investment fund under blockchain hardware manufacturer JDI Global. The MXC team was founded in Berlin, Germany in 2017 and has been committed to the development of DePIN space. The team has launched the first Layer3 zkEVM solution on Arbitrum, with the vision of becoming the DePIN infrastructure of the Ethereum ecosystem. The technology team, led by former zkSync core members, will continue to push the boundaries of DePIN technology. JDI Global will work with the MXC team to provide funding, hardware development, and market influence support for early-stage DePIN projects, accelerating the development of the DePIN ecosystem.

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.