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- đŁ Unlocking 360° dashcam data with DePIN
đŁ Unlocking 360° dashcam data with DePIN
Plus, Movement chain announces MOVE tokenomics
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NATIX network jacks into your Tesla
Chart: Movement chainâs MOVE token distribution
DePIN coming to Tesla
Modern cars are advanced computers on wheels, equipped with cameras that capture a 360° view of their surroundings. These systems play a vital role in navigation, safety and autonomous driving. Yet, their full potential is often untapped.
NATIX Network, a decentralized physical infrastructure network (DePIN) for collecting real-time geospatial data, is out with a new gadget that transforms a Tesla's existing camera system into a 360° dashcam that pays you for collected data.
The device, called VX360, aims to improve autonomous vehiclesâ safety and introduce a variety of potential applications such as real-time mapping, property appraisal, insurance assessments and whatever else the market dreams up.
Unlike synthetic simulation data, VX360 captures unpredictable real-world driving scenarios, often referred to as "edge cases," such as sudden weather changes or unusual traffic patterns. Such data will help train autonomous vehicle AI.
By leveraging the DePIN model, NATIX hopes to incentivize Tesla drivers to share real-world footage while ensuring robust privacy and data control measures.
VX360 taps into each Tesla's built-in cameras, using edge computing to process and anonymize footage at the source, according to CEO Alireza Ghods.
"The anonymization AI blurs personally identifiable information like faces and license plates but doesnât alter the footage, so it retains its integrity,â Ghods told Blockworks. This ensures compliance with stringent privacy regulations. The footage is then uploaded directly to the cloud via Tesla's built-in connectivity or a paired mobile device.
âWeâve been refining anonymization AI since 2020, well before our pivot to NATIX Network, and open-source AI advancements have helped us build a high-performance stack for this,â Ghods said.
NATIX rewards Tesla drivers for sharing footage through NATIX tokens, or for the non-Web3 crowd, incentives like gift cards and electronics discounts.
The trip recordings remain available for the car's owner to serve as a navigational reference or to aid insurance claims.
Ghods emphasizes the device's passive nature, predicting the hardware should pay for itself within about nine months. So, the switch from a strictly smartphone app-based model makes sense. For owners, âeven if the rewards fluctuate,â he said, âthey still get the utility of accessing and managing their footage from anywhere and anytime.â
The network has a token buyback-and-burn system that uses 40% of revenue from data monetization. Since the token's July 2024 launch, over 41.6 million tokens â from the 1 billion total â have been burned, Ghods said.
The network has been targeting select cities initially, and NATIX plans to expand coverage as well as car compatibility in the future. So far, the VX360 has been tested with two additional car brands, Ghods said.
âOur view on this is that car manufacturers are going away from building cars that are siloed, toward cars that can serve as platforms for others to build on,â he said. âThe âiPhone momentâ of cars is happening now with Tesla and Google at the forefront of it.â
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Movement unveils MOVE tokenomics:
Movement chain announced the tokenomics for its MOVE token today, an ERC-20 token on Ethereum mainnet. Movement is an Ethereum L2 that shares the same Move virtual machine as the Aptos and Sui L1s, though Movement Labs co-founder Rushi Manche insists the chain is more than just an L2.
MOVE will be stakeable for validation and will serve as a governance token and gas token on the Movement chain, as well as future chains built on the âMove Stack.â
Notably different is an initial circulating supply (i.e. float) of 22% on TGE, putting MOVE out of the oft-criticized âlow float, high FDVâ territory. Investor token allocations are also restricted from validator staking during the vesting period, a departure from recent practices with projects like EigenLayer, Celestia, Sui and Aptos.
â Donovan Choy (X: @donovanchoy | Farcaster: @donovan)
Geodnet is the worldâs largest RTK network by both the number of base stations and coverage area, providing hyper-precise positioning data to Web2 customers. RTK networks are critical to enabling a world of ubiquitous autonomous drones, vehicles, and industrial robots.
In this unlocked research report, Blockworks Researchâs Ryan Connor explores why the GEOD token enables both a cost and product advantage for the GEODNET RTK network, which will allow it to out-compete multibillion-dollar incumbents Trimble and Hexagon.
DIA has launched the testnet for Lumina, the next-generation of its oracle infrastructure, designed for transparency and scalability. Lumina supports both push and pull models and leverages Lasernet, an OP stack-based optimium â using Celestia as the DA layer â for efficient data aggregation.
"Users can clearly see the entire data journey, from the source to the final price calculation," Zygis Marazas told Blockworks, adding that the mainnet will build on this transparency and modular scalability by offering permissionless integrations.Starknet launched staking today, allowing holders of 20,000+ STRK tokens to validate blocks and earn rewards. Smaller holders are able to delegate to validators. Staking is subject to a 21-day lockup period. The roll-out, approved in a community vote, progresses in stages, with eventual full responsibility for network security and block validation assigned to validators.
Lamborghiniâs hybrid supercar Revuelto debuted, via NFT, in blockchain game Revv Racing last week. Players can race their digital Revuelto, minted during a recent sell-out event, alongside other cars. A commemorative tournament kicked off Monday and runs until Dec. 6. The NFT collection has a total supply of 3,363, after 267 of the tokens were burned post-sale.