Inventory of 9 DePIN projects that may participate in profit-making
The project includes Rivalz Network, Dawn, Kuzco, Nexus, Aggregata, Oasis AI, etc. Users can benefit by running nodes, contributing data, and participating in AI-driven platforms.
Author: Lockridge Okoth & Daria Krasnova
Compiled by: Felix, PANews
DePIN (Decentralized Physical Infrastructure Network) is a hot trend for 2024 and one of the popular narratives in the crypto market. One of the leading projects in this field is Grass, a decentralized network for collecting and building public network data.
Grass has recently gained attention due to its airdrop but faced resistance due to issues with the Phantom wallet. Below are 9 alternatives to Grass.
Rivalz Network
Rivalz offers a unique AI-driven platform that rewards users for sharing and processing data. The network incentivizes participants to run nodes to earn redeemable RIZ tokens.
The testnet encourages users to contribute to the decentralized infrastructure for AI data applications and sets high reward leaderboards based on participation. To participate in the Rivalz airdrop, users must link their wallets and complete social engagement tasks to earn points.
Tokens distributed during the airdrop may be used for various purposes within the platform, including staking, rewards, and in-game purchases.
Dawn
Dawn is a decentralized communication protocol aimed at enhancing the Solana ecosystem, which is nearing saturation. Dawn positions itself as a key player in decentralized internet access and has raised $33 million in funding ahead of its anticipated Token Generation Event (TGE).
While details about a potential airdrop have not been confirmed, users can support Dawn's development by participating in its community and testnet. Reward criteria assess connection duration, referrals, following DAWN on social media, and participation as a validator node.
Every 24 hours, users are eligible to earn 1,440 reward points. Users will earn points based on download time, activity level, and connection status.
Kuzco
Kuzco is a decentralized GPU network optimized for efficient language model processing, backed by a16z. Kuzco is designed for high-speed AI computing, incentivizing users to download and run its software while rewarding them for contributing idle computing power.
The platform offers reward mining, making it an attractive option for those looking to leverage Kuzco's processing capabilities.
Nexus
NexusLabs is the first zkVM prover network, providing mining opportunities through a simple process: users participate by keeping the Nexus window open. NexusLabs has secured $27.2 million in funding from investors such as Pantera Capital, Dragonfly, and Lightspeed Ventures, rewarding participants with points that can be converted into tokens at the mainnet launch.
To qualify for airdrops and rewards, users must complete specific tasks, strictly follow instructions, and monitor task updates. This is another opportunity for rewards following the closure of the Nexus node testnet in late October, marking the next phase of development for NexusLabs.
Aggregata
Aggregata enables users to monetize AI-generated data and participate in its ecosystem. Led by Binance Labs, this AI data asset platform attracts users who utilize ChatGPT and connect their wallets. Participants interact with ChatGPT and earn Byte points.
The more questions users ask, the more Byte points they can earn; the quality of the questions may also affect the number of Byte points received.
Additionally, users can earn reward points by using the platform's extensions and invitation codes. This creates a reward loop for interactions within the Aggregata ecosystem.
Oasis AI
Oasis AI converts spoken language into refined text, rewarding users for interacting with its platform. After raising $2.8 million in funding, the project offers points to users who utilize its browser extension. By accumulating points, users can participate in the platform's development and potentially profit from data monetization.
At the same time, Oasis AI provides services such as chat assistants, image generators, and speech-to-text. Users can earn OAI by connecting to the network and leveraging existing GPU and CPU resources to support the models.
Oasis states: "Oasis AI is airdropping free OAI tokens to users who register and share computing power. Create an account, install the extension, and share your computing power to start earning OAI tokens. Users can also earn more by referring friends."
Point mining has been open since May, and a recent article on Medium indicates that the Oasis AI airdrop is now open for claiming.
BlockMesh Network
BlockMesh is designed for decentralized and secure communication, advocating for ethical AI oversight. BlockMesh has secured $250,000 in funding and is confirmed to conduct an airdrop. It encourages users to register through its extension and complete tasks, providing points that can be redeemed for future token airdrops or rewards.
Specifically, BlockMesh users can monetize excess internet bandwidth by contributing to the decentralized network. The airdrop is currently in its early stages, and points are accumulated through various activities on the platform. Similar to other successful projects in the field, these points may play a role in future token distributions.
The airdrop program includes various monetization mechanisms, including sharing bandwidth through a Chrome extension, social media participation, and a referral system. Users can enhance their earning potential by completing various tasks and maintaining active participation in the network.
BlockMesh states: "While the exact token exchange rate has not been announced, it is expected that points will influence future token distributions. The more points accumulated, the higher the potential rewards during the token distribution."
Gradient Network
Gradient is a Solana-focused project backed by Sequoia and Multicoin Capital, optimizing computing resources through liquid staking services to enhance interoperability between blockchain networks. By joining Gradient's computing network and downloading its mining extension, users can earn rewards supporting AI and Web3 applications.
Although the airdrop has not yet been confirmed and no tokens have been launched, Gradient has introduced a points initiative called "Sentry Node Open Beta." To earn points, participants must register, follow Gradient on X (formerly Twitter), and install the extension.
Users can also increase their points by inviting friends to receive an airdrop when the project token launches. Gradient prioritizes fair and transparent community participation.
Each user only needs to register one account and install one Sentry Node on each device.
Navigate AI
Navigate AI offers Web3 data-sharing opportunities, allowing users to profit by sharing data on the Navigate network. Navigate has received funding from Kraken and currently has a user base of 5,000, where users can download its extension and start mining. The network provides a monetization path for its unique data ecosystem.
Summary
The above cryptocurrency airdrops provide viable alternatives to Grass. They indicate a growing trend of creating decentralized profit opportunities using Web3 technology, which can incentivize user participation, data sharing, and computational contributions.
Whether through running nodes, contributing data, or simply participating in AI-driven platforms, these projects enable ordinary users to engage in the expanding Web3 economy and reap economic benefits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The XRP Price Explosion: Mapping the Journey to $13 and Beyond
Stellar (XLM) Targets $5 Breakout as Rare “Adam & Eve” Pattern Emerges
Magic Eden (ME): The Largest NFT Marketplace on Solana
What is Magic Eden (ME)? Magic Eden (ME) is a major player in the NFT space. It started as the largest NFT marketplace on the Solana blockchain, known for its fast transaction speeds and low fees. Over time, the platform expanded its reach, supporting NFTs on Ethereum, Polygon, and Bitcoin. Magic E