PANews reported on November 25th that, according to the Science and Technology Innovation Board Daily, at the 2025 Global Digital Commerce Conference, the Shanghai Blockchain Innovation Fund was officially launched. Simultaneously, Shanghai and Singapore jointly released cooperative achievements on mutual recognition of digital identity and electronic authentication documents, the Mineral Data Overseas Export Standard Innovation Consortium was launched, and blockchain letter of credit application scenarios were officially introduced. Furthermore, Shanghai Data Group and the National Data Development Research Institute jointly compiled and released the "White Paper on the Construction and Operation of Industry Trusted Data Space Based on Unified Data Infrastructure."



While Silicon Valley dominates Web2, emerging markets like the UAE and Singapore lead DePIN adoption with better regulations and real infrastructure needs. Opinion by: Yanal M. Hammouda, head of market expansion at WingbitThe decentralized physical infrastructure network (DePIN) sector saw $150 million of capital flow during Q1 2025, with a projected market size of $3.5 trillion by 2028. Yet the most significant development isn’t the capital raised but where these networks operate. Emerging markets like the Middle East, Southeast Asia and South America — rather than Silicon Valley — are driving the future of DePIN adoption. Read more