Connect with us
  • tg

Cryptocurrency

NATIX, the AI Camera & Drivers-Powered DePIN, Secures $9.6M in Funding

letizo News

Published

on

[PRESS RELEASE – Hamburg, Germany, April 25th, 2024]

With the latest $4.6M Strategic Round led by Borderless Capital, NATIX is set to transform driver-led data collection and driver applications with innovative web3 incentives

NATIX Network, an AI-based platform that utilizes edge computing to collect real-time geospatial data, has successfully secured $4.6 million in a strategic funding round led by Borderless Capital and co-led by Tioga Capital, completing an aggregate funding of $9.6 million. Additional investors include Escape Velocity, Big Brain, WAGMI Ventures, Inception Capital, Laser Digital, IOTEX, Moonrock Capital, Cogitent, Room 40 ventures, Veris Ventures, Future Money Group, iAngles, Gracy Chen (Managing Director at Bitget), James Parillo (General Partner at Figment), Paul Taylor (Web3 Partner at Blackrock), Vijay Pravin Maharajan (CEO at bitsCrunch), and Crypto Banter.

Big tech companies have created centralized monopolies that limit access and hinder innovation in map data. By empowering individuals through Decentralized Physical Infrastructure Networks (DePINs), NATIX is driving innovation in the geospatial analytics market projected to exceed $200B by 2033.

Highlighted as one of the fastest-growing DePINs globally in Messari’s state of DePIN 2023 report, NATIX has attracted in one year over 92,000 registered drivers who have covered more than 28 million kilometers. The user-friendly design of NATIX allows anyone with a smartphone to participate without requiring special hardware. The data collected by NATIX is invaluable for urban areas, mobility firms, and the autonomous driving industry, helping them optimize operations and effectively enhance infrastructure.

NATIX’s flagship product, “Drive&,” leverages smartphone cameras and driver assistant apps such as dashcams and navigation, combined with innovative incentive mechanisms and privacy-respecting computer vision AI, to crowdsource real-time data. NATIX is set to launch its native token on Solana in Q2 of 2024 to enable new monetization avenues for drivers and in-platform governance.

“It’s great to see NATIX gaining momentum, which reflects the strong market confidence in our vision. We are committed to accessibility, allowing anyone with a vehicle and smartphone to make meaningful contributions to their urban environment,” said Alireza Ghods, NATIX’s CEO and co-founder. “Looking ahead, collaborating with leading high-performance networks like Solana and Peaq is crucial for advancing our mission.”

“NATIX is emerging as a leader in commodity DePIN, establishing a benchmark for how incentivized models can effectively operate at scale,” said Alvaro Gracia, Partner at Borderless Capital. “We’re impressed by NATIX’s innovative use of smartphone cameras and AI-accelerated chips to build a network for crowdsourced geospatial data. Not only does it enhance scalability and simplify user onboarding, but makes it easier to provide users with significant rewards and perks, boosting engagement throughout. This lays the groundwork for future innovative models in the industry.”

NATIX plans to launch its native token $NATIX on Solana in Q2 of 2024, introducing new ways to earn and enhancing platform governance and infrastructure. This launch will offer drivers premium features like airdrops, staking for data validators, and greater involvement in governance. NATIX will also leverage Peaq, a Layer-1 blockchain purpose-built for DePIN and machine RWAs (real-world assets). NATIX will use Peaq’s modular DePIN functions, multi-chain ID, and data verification, to enhance its architecture and solidify a prominent role in Peaq’s extensive DePIN ecosystem.

“We are thrilled to be partnering with Ali and his team at NATIX. With its consumer-centric approach, we believe that NATIX is uniquely positioned to continue scaling the platform and build out valuable applications for its drivers and projects in need of high-quality geospatial data,” commented Nicolas Priem, General Partner at Tioga Capital.

Drivers can download the NATIX Drive& app from the App Store or Play Store to start mapping and earning rewards.

About NATIX: 

Founded in Hamburg in 2020, NATIX is a decentralized network of smart cameras. NATIX’s AI-powered app uses the phone’s camera to detect objects, collect real-time geospatial data, and map the world around us in a completely decentralized space – no additional hardware needed. NATIX’s solution leverages edge computing to analyze the data and ensure that no personal data is collected – by design. Network contributors are rewarded with NATIX’s native cryptocurrency, $NATIX, to support better driving-assistant applications (dashcam, navigation, parking availability, etc.) and improve the mapping infrastructure around us. For more information visit www.natix.network

About Borderless Capital:

Borderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has invested in 200+ protocols/companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities. Borderless has been a pioneer in DePIN, launching the first dedicated fund in 2021 and investing in over 35 DePIN projects since then. For more information, please visit their website at: www.borderlesscapital.io

About Tioga Capital:

Tioga Capital is a European venture capital fund focused on Web3. We back exceptional entrepreneurs and blockchain protocols that bring us closer to a world of more individual sovereignty, trust and privacy. Learn more at: https://tioga.capital/

SPECIAL OFFER (Sponsored)
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!

Cryptocurrency

Ripple’s XRP Failed in January: Can It Succeed in July?

letizo News

Published

on

TL;DR

  • There’s something in the cryptocurrency air in the past week or so, as bitcoin broke out of consolidation, marched to a new all-time high, and brought the entire market with it.
  • Ripple’s cross-border token is among the biggest beneficiaries of this rally, having surged to well beyond $3 and close to its all-time high of $3.4. But can it finally do it now?

XRPUSD. Source: TradingView

The Rise

Just look at the graph above, which paints a vivid picture of XRP’s massive run experienced lately. The asset had fallen below $2 at the end of June (not that long ago, right?) during the darkest hours of the Israel-Iran conflict. However, it quickly bounced above it and returned to a familiar ground of $2.2-$2.3, which was a tight range in which it spent most of the past few months.

Fast-forward to last Wednesday, the landscape was relatively uneventful and, some might say, boring, as XRP was rangebound within this consolidation phase, with little to no indication of a clear breakout, despite some big predictions.

However, the cryptocurrency market was revived as mentioned above, led by BTC’s massive $15,000 surge to a new all-time high of over $123,000. Not only did XRP follow suit, but it managed to dwarf bitcoin’s impressive gains.

The largest cryptocurrency is up by 6.7% weekly, while the third-biggest has shot up by 33%. Earlier today, the asset jumped to $3.25, thus coming around 4.5% away from its January 2018 peak of $3.4 (CoinGecko data). To put things into perspective, XRP has gained over 70% since the aforementioned bottom in June (less than a month ago).

Can There Be New ATH?

Although impressive, this run has not been an isolated incident for XRP. Recall that the cryptocurrency rallied hard in late 2024 and early 2025, and its culmination came in January when it matched its all-time high of $3.4. However, it couldn’t keep climbing into uncharted territory despite the community’s expectations.

Consequently, we decided to ask ChatGPT about the current environment and its opinion on XRP’s chances for a new record now.

The AI solution noted that even though Ripple’s native token is so close to its ATH, a breach above it is not as easy and simple as some might think. This is because the $3.4 level has become a “psychological and technical ceiling for over seven years.”

“XRP was rejected there in January, indicating it’s a sticky level.”

On the contrary, ChatGPT listed a few favorable indicators that could propel the asset to and beyond that level. The RSI is still below 70, which means it “may still have room to move up.”

Additionally, there are lots of bullish factors outside of technical analysis, such as ETF momentum, ISO 20022 update narrative, and overall market sentiment, that could lead to new peaks.

If it indeed manages to break through, analysts are adamant that the next target will be around $4.80.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Ethereum Hits 152M Active Wallets, Gains 50% in 4 Weeks

letizo News

Published

on

Ethereum (ETH) is experiencing quite a resurgence, hitting key milestones and igniting market enthusiasm.

According to analytics firm Santiment, the world’s second-largest cryptocurrency has surged over 50% in less than four weeks, reclaiming heights last seen in late January while boasting a record-breaking 152.03 million non-empty wallets, the most extensive active user base in crypto.

Institutional Inflows, Social Buzz Fuel Ethereum Breakout

The Santiment data shows that since June 22, ETH’s market value has grown by more than 50%, pushing its price above $3,400 for the first time in six months.

The dramatic rebound has understandably caught the crypto community’s eye, triggering the highest level of social media discussions since May 2024. Numbers from the market intelligence platform show that ETH was the top trending crypto asset in the last 24 hours across X, Reddit, and Telegram, with conversations around it predominantly characterized by bullish sentiment as users set their sights on $4,000.

“The crowd has taken note of the major price rebound, pouring in the highest level of discussions since a similar price rise back in May 2024,” said Santiment.

This uptick seems to have been fueled by a combination of institutional accumulation and renewed investor enthusiasm following Bitcoin’s recent run to a new all-time high. On July 16, spot Ethereum ETFs shattered records, attracting more than $726 million in net investments. BlackRock’s iShares Ethereum Trust (ETHA) led the charge, registering its highest single-day inflow since launch with a $489 million haul.

With Fidelity and Grayscale also reporting substantial capital entries, corporate holdings of the asset have swelled to 1.6 million ETH, valued at an estimated $5.3 billion. As noted by the Strategic Eth Reserve, accumulation is now occurring 36 times faster than new ETH issuance.

Market Outlook

Meanwhile, in the last 24 hours, the cryptocurrency rose 10% to trade around $3,450 per data from CoinGecko. In the past seven days, its value increased by 25%, vastly outperforming Bitcoin’s 6.8% growth in the same period.

More notably, SwissBlock’s recent Altcoin Vector report hinted at ETH’s growing magnetism for liquidity after noting a steady rise in the ETH/BTC ratio. The report suggests that Ethereum is now the cycle’s next leg after BTC briefly retreated to under $116,000 yesterday before bouncing back close to $119,000.

The milestone of 152.03 million non-empty wallets, highlighted by Santiment, is viewed by watchers as a sign of the network’s expanding user base and fundamental health.

According to the analytics platform, the mass fear of missing out (FOMO) has now shifted to ETH, with many expecting its price to hit $4,000 imminently. Others, like on-chain analyst AbramChart, suggest that the asset will fly to new all-time highs past $5,200 if BTC’s dominance decreases.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Why Self-Custody Is Critical for Crypto Security

letizo News

Published

on

As any experienced crypto owner will tell you, self-custody is essential for protecting your crypto. But what exactly does it mean? Self-custody is the practice of holding and managing your own crypto assets without depending on third-party services such as exchanges or lending platforms. It means you—and only you—are responsible for storing, backing up, and controlling access to your private keys.

This approach eliminates the risk of losing access to your assets due to centralized failures and aligns with the core ethos of crypto: decentralization and financial sovereignty. Freedom is at the heart of crypto’s appeal. But, as often happens in life, freedom isn’t handed to you—it’s earned through responsibly managing your resources.

Why Relying on Crypto Exchanges Can Be Risky

The 2025 bull market is in full swing, but history reminds us that exchange failures often happen after the hype dies down. FTX’s collapse in 2022 is a prime example: customers lost access to their funds when the exchange couldn’t meet withdrawal demands.

This risk isn’t theoretical—it’s real. Continuing to store assets on centralized platforms contradicts the very reason crypto was created: to break free from middlemen and take ownership of one’s finances.

As Nassim Nicholas Taleb’s turkey analogy goes: just because things appear stable doesn’t mean disaster isn’t around the corner. The only way to avoid becoming the turkey is to act early—before it’s too late. That starts with moving your crypto into your own custody.

How to Self-Custody Crypto: Hot vs Cold Wallets

Choosing how to store your crypto is a crucial part of protecting it. Generally, wallets fall into two categories—hot and cold—each offering a different balance between convenience and security.

Hot wallets are mobile or desktop apps that store your private keys on internet-connected devices like laptops or smartphones. They’re typically free and user-friendly, but their connection to the internet leaves them vulnerable to malware or hacking. These wallets are best suited for small, everyday transactions.

Cold wallets, by contrast, store your keys offline—making them far less susceptible to online threats. A common example is the hardware wallet: a physical device designed specifically to isolate and protect your crypto. These are ideal for long-term holders or anyone managing substantial amounts of digital assets.

When choosing a hardware wallet, many security-conscious users lean toward open-source solutions. These wallets allow for full code transparency, which means the community can audit and verify their integrity. Trezor is one example: its open-source firmware and straightforward design are specifically built to focus on one thing—securing your keys without unnecessary features that could increase vulnerability. This transparency and purpose-built architecture make open-source hardware wallets a trusted choice for anyone serious about self-custody.

Self-Custody: The Key to Owning Your Crypto Future

Ultimately, self-custody isn’t just about securing your digital assets—it’s a mindset. It requires learning how to manage your keys, understanding the risks, and using the right tools.

Centralized platforms can fail. Markets can crash. But self-custody allows you to maintain control no matter what happens.

The good news is that the tools to take this step are more accessible than ever. With hardware wallets, open-source options, and growing educational resources, it’s never been easier to take control of your financial future. The first step? Make a plan and start today.

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved