Welcome back to the DePIN Hub Newsletter!
DePIN has been getting a ton of attention lately, but a lot of people don’t know where to begin with it. The sector is obviously making money, but how can you get involved?? 🤔
Fortunately, this is easier in DePIN than anywhere else in crypto. Anyone can earn rewards for helping to build a network, and all you need is a house 🏡, a car 🚗, or even just your phone 📱!
In this issue, we’ll show you the ropes: 10 projects with apps you can download or hardware you can order to start earning today.
Ready? Let’s dive in!
In this issue
- 🏅 DePIN Hub Leaderboards
- 📰 In The News
- 🎉 10 Ways To Start Earning Today
- 🎙 Podcast Updates
- 👋 Parting Words
DePIN Hub Leaderboards
Growth statistics of some standout DePIN projects based on social metrics and token price
In The News 📰
Are you even ready for DePIN x AI?! AI training requires huge amounts of processing power, huge amounts of data, and huge amounts of bandwidth to acquire it. Check out this week's news article to learn how DePIN can supply these things and fuel the growth of decentralized AI. 🦾
The team from DIMO should be feeling good this week as they've loaded up their DePIN warchests after closing a series A funding round for $11.5 million, led by CoinFund. Just one more validation point that the DePIN narrative is catching fire! 🔥
Score yourself one of DIMO's latest miner - the Macaron - and learn what all the fuss is about! Use Discount Code: DIMOSPOTTY for $5 off! 🤑
Feature
10 Ways To Start Earning Today
After a few cycles in crypto, you start to learn lessons. At this stage in the game, two come to mind:
💡 One, real money is made long before the bull run begins. Profits might be realized at the peak, but gains are really made when you accumulate tokens - long before the euphoria stage.
💡Two, the best strategy in the loading phase is to work. Not everyone has the capital or risk tolerance to pour money into low liquidity tokens that may someday 100x, but it doesn’t cost you anything to earn them. Anything you can do to earn tokens before they moon is probably the highest EV decision you can make.
Starting to see where we’re going here?
Today, we’re in a unique moment where the markets haven’t started to go nuts yet, but the seeds for an entire industry have been planted - an industry where you can passively accumulate tokens before they moon. 🌕
What we’re saying is, if you want to succeed in the next bull run, the time to start accumulating is now, and DePIN is the easiest way that currently exists to do exactly that!
Where to begin, though? Well, that’s what we’re here for. Today, we’ll introduce you to a few projects you can get involved with using as little as the cell phone in your pocket. 🤳
Today, DePIN Hub presents…
The Easiest Ways to Start Earning in DePIN TODAY!
📲 App-Based Networks
Some of the projects in DePIN don’t even require hardware at all! Check out these two projects - just download one app to start earning immediately.
Silencio: If you’ve ever searched high and low for a quiet place in public, you already understand Silencio’s ultimate goal. Users check in from locations around their city, and the Silencio app records their environment to produce a map with hyperlocal noise levels. You can see how this information would be valuable - anyone selecting a house to buy, a hotel to rent, or a restaurant to eat at can now base their decision on real-time data. The app can be downloaded on Android or iPhone on the Silencio website. Make sure to subscribe using the referral HOTSPOTTY for some NOISE airdrops!🎉
Grass: Take a look at your home internet bill and you’ll see some curious math: you’re paying up to $300 per month for a certain amount of bandwidth, but you only use a fraction of it. Grass is a web app that you can download on Chrome that automatically sells this unused internet to AI companies. Then, they use it in the process of training new models. Grass has a generous referral program that you can also get in on, and bonuses start after 100 hours of uptime. All it takes to start earning is downloading the web app, so check it out on the Chrome webstore.
💻 Computer-Based Networks
One sector of DePIN that’s currently exploding is Decentralized Compute. With these projects, processing power can be distributed across a network of individual nodes, which anyone with a strong enough computer can run. (Hint: Gamers, that’s you!)
Nosana: Speaking of AI - it takes two basic ingredients to train an LLM: the raw information it parses through to learn languages, and the processing power it uses to do this. If you have a gaming computer, the second one is a resource you can make some money with! Nosana is a decentralized compute network, where users can use their computer’s processor to earn token rewards. If you're interested in using your GPU to power decentralized AI, go register for Nosana's incentivized test grid.
Flux: Flux is another project offering decentralized cloud computing services, allowing users to put their GPUs to work supporting the Flux Cloud network. A variety of different industries make use of their distributed computing power, though the three highest profile examples are AI services, rendering, and headless gaming. Head over to the Flux website to learn more about using your PC to start earning today.
🚗 Car-Based Networks
Another growing sector in DePIN is Mobility. If you own a car, there’s a number of projects with hardware that can be easily installed to provide valuable data for mapping and vehicle manufacturing.
DIMO: DIMO is a network of physical hardware devices that record vehicle data while users drive, ultimately useful for manufacturers and fleet owners. All you need to do is purchase one of their Macaron hardware devices and plug it into the OBD reader beneath your car’s steering wheel. After that, your own car will earn you passive $DIMO as long as you’re behind the wheel. Get started with DIMO by purchasing a Macaron today.
Hivemapper: The Street View feature on Google Maps is handy, but what if it was updated in real time? Hivemapper is a network of dashcam devices that users can set up to continuously record the world around them, contributing to this live view of the planet’s roads. Just drive around with one of Hivemapper’s dashcams on and earn @HONEY for helping to build the map. Start earning on Hivemapper by buying one of their dashcams today.
NATIX: Natix similarly uses a network of camera devices to build their Decentralized Dynamic Map of the world - a detailed rendering of geospatial data from all over the planet. The DDMap has both static and dynamic layers, with one capturing streets and permanent infrastructure, and the other capturing more refined data like road conditions or available parking spots. Learn more about Natix on this recent podcast episode, and start earning by downloading the app today!
🏠 Smart Home Devices
Finally, many projects offer devices that can be installed in your home to earn passive income. They may gather weather or atmospheric data, which benefits from the hyperlocality of an individual residence, and they provide a great opportunity to earn tokens in upcoming networks.
WeatherXM: WeatherXM gathers weather data for use in a variety of industries - maximizing crop yield in the agriculture industry, forecasting weather events for insurance companies, planning for outdoor event logistics. To do so, they sell a line of weather stations that users can position outside their homes, sending weather data to the network and earning $WXM tokens. Check out the WeatherXM hardware shop to pick up a station and start earning today.
GEODNET: GEODNET takes this concept to a dramatic new level with their decentralized network for monitoring space weather, measuring solar winds and the magnetic fields with which they influence the Earth’s atmosphere. By mounting one of GEODNET’s Space Weather Stations on your roof, you can earn $GEOD by contributing to the world’s #1 decentralized GNSS network. To start earning today, pick up a Triple-Band GNSS Base-Station and use code: HOTSPOTTY for 10% off!
🤔 If you're curious about GEODNET and want to learn more about RTK and the future of centimeter-accurate GPS, check out this blog post from guest columnist Jason Glynn. Also, they have now launched super hexes in certain geographies, so if you live in places like France, you should definitely check it out! ⬢ 💰 🛰
Helium IoT: One of the godfathers of decentralized physical infrastructure networks. Helium is a decentralized IoT network that devices can use to communicate with each other, and users can earn $HNT by running one of their hardware miners. As an aside, many of the projects on this list use the Helium network! To start earning on the Helium network, pick up a miner on the Helium website, and be sure to register your miner with Hotspotty to optimize your mining.
. . . . . .
Between those 10 projects, there should be something that interests everyone, and hopefully you can find an earning opportunity that fits your particular circumstances. Over the next few issues, we’ll be going more in depth about particular subsets of the industry, so stick around to keep finding out about the latest in DePIN!
DePIN Hub Podcast 🎤
🚀 Borderless Capital is one of DePIN's oldest and most active investors. Hear the thought process of Partner Alvaro Gracia as he talks through topics ranging from the current market cycle, advice for new DePIN founders, and the regulatory environment in the US.
🔗 Web3 founder looking to raise? Check out Borderless here: Home Page - Borderless Capital
📱 Natix Network is a super hot DePIN that maps the world with smart phone cameras while preserving privacy (think GDPR) 🗺
🔗 Want to get involved in the ‘Helium for cameras’? Download the Natix app at: Natix Network: Drive& App
Go ahead and subscribe on Spotify and YouTube to get updates whenever new episodes are released!
🎥 YouTube: links.depinhub.io/youtube-podcast
🎙 Spotify: links.depinhub.io/spotify
DePIN Hub Telegram Group
🔔 Join our new DePIN Hub Telegram group for the latest updates and vibrant community discussions! Join now at https://t.me/depinhub! 🚀🤝
Parting Words
Welcome to the Dark Side, Jamie 😎
Yours in Decentralization,
The Hotspotty Team
