PANews reported on June 20 that according to AccessnewsWire, the DePIN project SparkChain AI announced the completion of a new round of financing of US$10.8 million, led by OakStone Ventures. The new funds will be used to support its expansion of the decentralized AI computing network and accelerate its launch on the Solana blockchain to develop a decentralized contributor network.
SparkChain AI's decentralized artificial intelligence infrastructure supports the conversion of idle bandwidth and computing resources into AI computing power, reconstructing and monetizing global unstructured data through a network composed of nodes, routers, and intelligent data processors.


Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

