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DePINs and AI positioned to be 2024 ‘power duo,’ DeFi execs predict

DePIN and AI technologies have been hailed as game changers across various global industries, and DeFi executives are predicting that together, they’ll be this year’s “power duo.”

In 2023, decentralized physical infrastructure networks (DePINs) started gaining traction with major manufacturers worldwide to integrate physical world infrastructure with blockchain technology. 

DePINs are blockchain protocols that use cryptocurrency tokens to incentivize the creation and operation of physical infrastructure in a decentralized manner. It is increasingly associated with the Internet of Things (IoT).

According to data from digital asset marketing intelligence firm Messari, the DePIN market has a current valuation of nearly $2.2 trillion, with a trajectory that could see it reach up to $3.5 trillion in the next four years.

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DePINs and AI positioned to be 2024 ‘power duo,’ DeFi execs predict 2024/01/05 07:07

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ANALYSIS-Nvidia's dizzying rally spurs rush into AI-themed ETFs

The fervor around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia.

ANALYSIS-Nvidia's dizzying rally spurs rush into AI-themed ETFs 2024/03/19 01:00

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How much is Bitcoin worth today?

Bitcoin is worth around $43,850 today, with its price consolidating ahead of the key spot ETF decision in the U.S.

Bitcoin's (BTC) price has been intensely scrutinized as investors and analysts watch for signs of its next major move.

As of Jan. 5, BTC's price was stabilizing around $43,850 after a 4.75% drop from its local high, suggesting a cautious market awaiting decisive moves.

The drop appeared amid rumors of U.S. regulators rejecting a round of spot exchange-traded fund (ETF) applications, which have been a critical point of focus for the crypto community.

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How much is Bitcoin worth today? 2024/01/05 07:46

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