DEPIN Future: OKX Ventures, Filecoin and DMC representatives

one,OKX VEnturesPartnerJEFF is inDmc & amp; fOGWORKS participate in ETHDenver2024The latest speech at the conference’s exhibition desk

Jeff renIt is OKX Ventures partner and Oklink CEO. In 2022, he invested in Fog Works with other investors such as Draper Dragon and Lingye Capital.

The organizers of the event include DMC and Fog Works, co -organizers OKX Ventures, Filecoin Foundation, IOTEX and LightHouse Storage.
Victor, DMC Foundation and Fog Works Chairman; zhicong, chief engineer of DMC is also the first author of ERC7585, former chief engineer of Thunder; partner of Jeff Ren, Okx Ventures; chief market officer of Felicia, Fog Works; Jenks, FilcoinFoundation engineer and GiUSEPPE, IOTEX engineer.

DMC is trying to open the era of decentralized data storage and try to build a decentralized storage network.And release data potential.Fog Works jointly build a DMC ecosystem together and develop some DAPP.

Foggie Max developed by Fog WOKRS is the world’s first DEPIN home server. At present, we are planning to launch a new version of Foggie Max IO.

MAX IO can connect to any of your Internet of Things devices. There is a very interesting problem here. With the development of the digital age, we will always produce infinite photos, videos, and text in our lives.Where will you store them?Do you know how your data is processed by others?

We kept sending our information in the Internet and agreed to the user’s codes that had to agree, but Internet companies had the right to belong to our data.I believe that your home has security cameras, and the camera monitors every minute and every second, but the security company has the ownership of monitoring the video in our own home.

They will sell videos to AI for model training without permission, or user departments of other companies to analyze user behavior to write on the user’s side.

At this time, you can integrate the world’s first DEPIN server into the Internet of Things in your home, and generate NFT without having to knock on code, and earn DMC income by sharing the storage space/your data.At the event site of ETH Denver, entering special activity code can enjoy 20%discount.
The next isFoggieMObile, The world’s first DEPIN mobile app, many people at the scene used Foggie Mobile (M.Fogworks.io). You can back up your photos in it, cause NFT, and earn DMC.You can also use IPFS Pinning and S3 services for free.It is all on your smartphone, which is very convenient.

Subsequently, Okx Ventures partner Jeff gave a speech.

Jeff: Thank you very much for coming to the venue so early. As we all know, this is the DEPIN Denver Conference. It has also been a summer of DEPIN. I always like to joke and say that everyone can’t wait to jump from winter to summer.We spent this year in the idea of exploring the project and continuing to build.We are honored to be with DMC, FogWorks and Draper Capital and other investors in this journey.

At the beginning, I think the team has always built an interesting storage project on the basis of their theory.Zhicong and his partner created ERC7585 to pass new technologies to users and create various software and devices into the DEPIN track with the support of Fogworks.

Then we will discuss the development and investment of DEPIN.DEPIN plays a very important role in the process of submitting new blockchain technology to users in a chaotic market.In the last four or five years, we have seen great development in the blockchain and AI track.Let us know the increasingly important position of data in it.

We always want to know how to produce, transmit, and store our data.We can see that more and more machines have begun to evolve and the improvement of AI, and have lasted for decades that have become particularly important to protect human data security and data autonomy.I think the equipment innovation and DEPIN track we discuss today provides us with the opportunity to understand how to balance the importance and autonomy.

At the same time, use blockchain technology to certify and process data.In my opinion, this is just the beginning. If we look back at the current equipment and technology five years later, we may not help but can’t help it.But no matter what I am prepared, I will participate in and one of them, at least as a memorial, right? Maybe we will feel very hasty and ridiculous when we look at it.But I firmly believe that after five years, we can see a lot of useful equipment on this track.

Twitter link:https://x.com/fogworksinc/status/1763435924086657?s=20202020202020

Finally, let me introduce OKX Ventures. OKX Ventures is an investment company under OKX.With 12 years of operating experience, we have the best wallet with the best experience, supporting a variety of public chains, cross -chain bridges and currencies.We invite all ecological partners to cooperate with us through our wallet infrastructure.Interact with various users and project parties.

two,FILecoin Foundation developed a Taoist masterJenks inDmc & amp;FOGWOrks ETHDENVER2024 Conference delivered a speech

Jenks: The content I want to talk about is two issues that DEPIN is solving.

First, individuals or small enterprises generally lack the participation of storage business.Cloud Storage is a market worth $ 1 billion and is growing at a rate of 20%, so it is expected to reach $ 2 trillion by 2050.

This is a huge market. Our equipment can handle more data and create more data.Demand is getting bigger and bigger.But I found that my mobile phone could not accommodate my child’s photos.So I kept upgrading my storage service and very expensive.

I am considering connecting devices like Foggie Max to my mobile phone.In this way, I can shoot high -quality videos.

This is a problem we face today. Most companies, including users, already know that the use of clouds requires 100% trust.In fact, data show that 80% of companies not only use one cloud, they also formulate a cloud of cloud.Why?Because the use of clouds requires 100%trust.Your data is kept by others.

Now, when they abuse their power, they cause great trouble.What we want to do is actually the power of the blockchain network.Therefore, 3,000 storage provider festival nodes, and current hard disk space of about 8 EXA BYTE and 8 million TB, we can prove to the world’s companies and enterprises that put your documents on the decentralized network is safe. YouThe data will not be changed or destroyed or changed by players in the network.And you can keep multiple copies.At the same time, you have more options to save data on decentralized storage.

Therefore, small enterprises, such as IT companies that have already existed in the industry for 10 or 20 years, they may never think of opposing the centralized cloud of any type, but through decentralized storage such as Filecoin and DMC, they can participate in participating in.economy.

The size is still very different.Yun may have more than 2000 EXA bytes. We have 8 EXA bytes, but we can still participate in the economy.Therefore, Filecoin and DMC hopes to support as many small companies around the world as possible.

The second problem is that as a species, humans are not good at saving information and worsening year by year.Now, the newer the storage device, the shorter the life span.I think the hard disk is about eight years and tape storage may last about 20 years, but it is indeed old technology, which is very slow. DVD and CDs may be between the two.

What we want to do is that if someone wants to use the design that can only be stored for about eight years for more than 100 years, then you need a completely different mechanism to continue to use.Therefore, we pin their hopes on decentralized storage and blockchain technology, and we can ensure that the information will not be lost.

We car crawlers in a research file in a famous university in the United States.Studying files is very important because people invest a lot of money and energy, and you want to save it.For public interest, use it as long as possible.

But we found that more than 50% of university archives are full.This is why many universities such as the University of Maryland, the University of California, Berkeley, Harvard University and MIT of Massachusetts Institute of Technology put their research data on Filecoin and DMC, because they think this is unsatisfactory and permanent storage moreGood replacement.

One of the examples I want to mention is the University of Southern California Holocaust Foundation.The Holocaust Foundation was actually a foundation founded by Steven Speelberg after filming the movie “Sindler’s List”.Therefore, he invested 100 million pounds to the Shoah Foundation, and the University of Southern California also provided certain funding.What they do is the testimony of the survivors of the war or the survivor of the war.

The problem with this type of data is any content you put on the Internet. Some groups are actively trying to deny or destroy the information they provided.So they come to us, and now I am glad to tell you that we have stored a large amount of data from multiple copies around the world on Filecoin, and they will not be able to change.In this way, we can always have this information.
Then there is another example that can be discussed is the data used in AI training.You can chat on your computer. The computer has an index of computer files, and it can find files very easily, right?So this is a big problem.If you perform this operation on the cloud, you will basically put all files there and allow the service to read all your sequences.But if it is on your own device, you know you can completely control it and it does not communicate with the Internet, then you will know that it is safe, right?

This shows that we still don’t trust AI.In fact, I am interested in this because I don’t trust AI.People are afraid of it.Therefore, the use of Filecoin is that if you have verified and very good quality for training AI, and the training process is disclosed to people, and the model itself is also verified in the file system, then you can improve its trust.

Now one of the new methods of training AI is to learn data, which means that there will be five to six models at the same time to receive training when doing things.Now, in this model, the AI data model and data itself are likely to stay in the device itself.So now I really enter the DEPIN learning stage.Therefore, we can use FileCoin’s martial arts place. We hope that with the help of Fog Works, we can reduce the size of the device and allow lower -level devices to join the network and provide such data for training.

Felicia: It is really a wonderful speech on AI and DEPIN.Here I was also glad to announce the DMC and Filcoin Foundation to build Filecoin Station into Foggie Max IO.

In addition, we are glad to integrate the storage services supported by FileCoin and the storage services supported by LightHouse, integrated into our Foggie mobile and desktop applications, and provide value -added decentralized storage solutions.

March 6,FilecoinOfficial website announcement andDatamall Coin (DMC)ReachDepinEcological partnership.Foggie maxIt is the first in the worldDepinThe server will cause huge changes in the storage industry.