The company now has 4 million connected devices worldwide and clients including Tencent, Alibaba, and the AI video platform Kling AI, Titan Network said. About 1 million devices are online at any one time.

Titan is not the first project to try lowering costs by aggregating unused computing capacity in what’s known as a decentralized physical infrastructure network (DePIN) system. Unlike platfoms such as Aethir and Akash Network, which target spare cycles on institutional servers, Titan says it uniquely links to private citizens.

“Titan has broken the code no one else has been to before, enabling regular people to make money from the up-and-coming AI data infrastructure industry,” River Davis, Titan’s creative director, told CoinDesk.

When big companies pay to use the network for data tasks like web scraping, data collection, or content delivery, Titan sends 80% of those corporate earnings directly to the people providing the devices and internet bandwidth, who have downloaded a browser plugin or some specialized software.

The project said it has already captured roughly 5% of the AI data market in Asia.

More For You

Moving headlights and taillights form parallel colored trails on a dual carriageway.

The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement rails to target the roughly $685 billion remittance market serving low and middle-income countries.

What to know:

  • Movement is pivoting from being another layer-2 blockchain to becoming a stablecoin-powered payments and remittance network, targeting emerging markets with cross-border transfers, dollar savings products and yield infrastructure.
  • The shift reflects a broader trend in crypto, where an increasingly crowded layer-2 landscape is pushing projects to pursue real-world payment use…

In this article

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Stories