Theta Network is a decentralized content delivery platform that aims to revolutionize the streaming industry by providing a decentralized alternative to traditional platforms like YouTube and Twitch. It operates through a network of Validator Nodes, Guardian Nodes, and Edge Nodes that collectively contribute to the network’s decentralization. Theta Network supports Turing-complete smart contracts, allowing for the creation of various Web3 applications such as non-fungible tokens (NFTs), decentralized exchanges (DEXs), and decentralized autonomous organizations (DAOs).
Decentralized Physical Infrastructure (DePIN) is an increasingly popular concept in the crypto world. It gains attention due to its ability to effectively combine multiple technologies into a single framework.
As a blockchain analyst, I would describe this sector as follows: I focus on protocols that harness the power of blockchain technology to create a decentralized network managing global physical infrastructure. Participants in this system contribute their computational resources to keep it running smoothly.
As a crypto investor, I understand that the world of decentralized finance (DeFi) is rapidly evolving, but it remains a complex and nascent field. There are countless projects with moving parts, intricacies, and hurdles to overcome before making an informed decision about the top DeFi protocols. It’s essential to delve deeper into each project’s underlying technology, governance model, community, and market potential before forming a well-informed investment strategy.
Quick Navigation
- What is DePIN?
The Top DePIN Projects
Render Network (RNDR)
The Graph (GRT)
Filecoin (FIL)
Arweave (AR)
Akash Network (AKT)
AIOZ Network (AIOZ)
Bittensor (TAO)
Helium Network (HNT)
IOTA (IOTA)
Theta Network (THETA)
Frequently Asked Question
Top DePIN Projects: Closing Thoughts
What is DePIN?
Explained simply, DePIN projects are categorized into two types:
- Physical Resource Networks (PRN): These include hardware systems essential for connectivity, such as wireless internet, energy distribution, and geospatial data. An example is Helium Hotspots, which are similar to internet routers.
- Digital Resource Networks (DRN): These supply the network resources needed to operate physical systems, such as computing assets, bandwidth, decentralized cloud storage, and connectivity.
For instance, Eloop, a car-sharing service, partnered with Peaq Network to tokenize 100 Teslas on its blockchain. Peaq utilized MoveID, a self-sovereign identification system, allowing users to own a fraction of a car. Since Tesla cars use AI for geospatial data, Peaq provided MoveID users with services like parking and charging spots.
As an analyst, I would describe this situation in the following way: I’m observing a setup here where Tesla vehicles symbolize the tangible infrastructure. On the other hand, Peaq Network stands for the digital resource network that underpins it all. This arrangement showcases the convergence of artificial intelligence, real-world assets, tokenization, and blockchain technology, which forms what is known as the Economy of Things (EoT). In this context, DeFi (Decentralized Finance) platforms like DePIN are expected to play a significant role.
Some projects encompass various categories, making it possible for them to appear on this list as well as in our guide focusing on AI cryptos.
The Top DePIN Projects
Here’s a suggestion for paraphrasing the given text in a clear and conversational manner:
Render Network (RNDR)
On the Ethereum blockchain, there’s a decentralized platform called Render Network. Its objective is to democratize GPU cloud rendering by linking up users in search of rendering solutions with GPU power proprietors. This marketplace empowers artists, individuals, and businesses to expand their rendering capacity at lower costs and faster than traditional centralized GPU cloud systems.
As a crypto investor, I’ve witnessed some impressive gains in the DeFi sector, with Render Network standing out as a top performer. Reaching an all-time high of $13.60 in March 2024 was a significant milestone, surpassing its previous peak of $7.79 set back in April 2021. The project’s momentum has not gone unnoticed, as tech giants like Apple have taken notice and integrated OctaneRender – Render Network’s high-performance render engine that leverages Nvidia’s CUDA technology – into their operations.
Key Features of Render Network
In the business model of Render, there are two primary contributors: creators, who post rendering projects, and node operators, who utilize their idle GPU resources to finish these assignments, receiving RNDR as compensation. The scope of rendering projects encompasses a wide range, from basic tasks in gaming, entertainment, or art, to intricate jobs incorporating AI or machine learning (ML).
As a crypto investor in Render Network, I can tell you that this platform uses a sophisticated pricing structure with a reputation-based system at its core. This setup empowers creators, especially those in the Web3 sphere, by making GPU cloud computing more accessible. It caters to diverse budgets by offering three distinct tiers.
- Tier 1 node operators are the highest-rated and are used mainly by Render’s partners. They offer reliable and scalable services at a higher cost.
- Tier 2 nodes provide high-quality GPU services at a lower cost,
- and Tier 3 nodes are the most economical option.
Founders of Render Network
Jules Urbach, the founder and CEO of OTOY, Inc., a leading cloud graphics company, established RNDR in 2018. The key members of RNDR’s team are:
Funding and Investors
On December 21, 2021, Render Network successfully concluded a Seed funding round, amassing a total of $30 million in investments. This financial influx originated from esteemed venture capital firms such as Multicoin Capital and Solana Foundation, as well as prominent angel investors like Vinny Lingham.
The Graph (GRT)
The Graph is a decentralized, open-source data indexing system that functions like a web browser such as Google, gathering, organizing, and archiving information from various blockchain networks. It empowers users to traverse multiple blockchain environments and their decentralized applications (dApps), with availability in over a dozen languages.
Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann established The Graph in the year 2018. In 2020, the native token of this protocol, named GRT, was introduced to the market. An impressive maximum supply of over 10 billion tokens exists for GRT within the Decentralized Finance (DeFi) sector, with approximately 9.5 billion currently in circulation.
Key Features of The Graph
As an analyst, I would describe it this way: The Graph stands out with its innovative component called Subgraphs. These Subgraphs function as indices, significantly improving data retrieval processes across various networks such as EVM-compatible blockchains and the InterPlanetary File System (IPFS).
Subgraphs serve as global indexers for publicly available data, linking the worlds of Web2 and Web3. They facilitate storing, arranging, and disseminating this information, enabling efficient querying. Users remunerate these solutions using the native currency, Grant (GRT).
Founders of The Graph
Yaniv Tal, who is both an engineer and a tech entrepreneur, had a vision to develop the initial decentralized system for indexing and querying blockchain information. This endeavor aimed to streamline the creation process of decentralized applications (dApps).
Prior to establishing The Graph, Tal and Ramirez were teammates at MuleSoft, a business focused on enterprise integration which was subsequently bought by Salesforce.
Funding and Investors
Based on Crunchbase’s records, The Graph has obtained around $69.6 million in investment through eight financing rounds. Notable investors, such as FinTech Collective, Tiger Global Management, and Blockwall, have supported this protocol. Most recently, a Series A funding round on March 2, 2022, was successful in raising additional funds.
Filecoin (FIL)
Filecoin is a decentralized storage network that transforms cloud storage into an open market.
The protocol, similar to InterPlanetary File System (IPFS) in underlying technology, introduces an incentivized mechanism to guarantee the dependable storage and convenient accessibility of data.
Key Features of Filecoin
In simple terms, the Filecoin network operates like a decentralized marketplace where individuals can sign up as storage providers or consumers requiring storage space. The platform’s economic mechanisms motivate storage providers to be truthful and dependable, thereby safeguarding data with assurance for long-term preservation.
Individuals have the option to purchase data storage from decentralized providers using Filecoin’s token, FIL. This approach offers several advantages over conventional cloud storage, including lower prices, a decentralized model, and dependable service. Moreover, the performance of storage providers is publicly recorded on the blockchain, fostering trust and reliability.
This model offers versatility, accommodating a range of applications including NFT asset storage and large-scale data provision for Web3 projects. Additionally, Filecoin’s decentralized structure ensures resistance to censorship since no individual has dominion over the storage network.
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Founders of Filecoin
American computer scientist Juan Benet established Filecoin, with him being its founder. Notably, Benet is the chief executive officer (CEO) at Protocol Labs, the entity responsible for both IPFS (InterPlanetary File System) and Filecoin.
Funding and Investors
Filecoin has secured substantial financial backing from numerous investors. During its initial coin offering (ICO) in 2017, the project garnered an impressive $257 million, making it one of the largest crypto fundraisers ever. Notable investors include prominent venture capital firms like Sequoia Capital, Andreessen Horowitz, Union Square Ventures, and Winklevoss Capital.
As a crypto investor, I’d describe it this way: The total supply of FIL tokens is limited to 2 billion, which will be distributed gradually over several decades. Miners, Protocol Labs, investors, and the Filecoin Foundation are each assigned a portion of these tokens. To ensure a long-term commitment and continuous development of the network, specific vesting schedules have been set up for each group.
Arweave (AR)
Arweave is a decentralized blockchain protocol for long-term, permanent data storage.
As a researcher exploring the innovative features of Arweave, I’d describe it this way: Arweave sets itself apart from traditional blockchains with its distinctive “blockweave” architecture. This structure underpins its capabilities for ensuring data immutability and global replication through a consensus mechanism called Succinct Proof of Random Access (SPoRA). When implementing SPoRA, miners are tasked with demonstrating access to randomly selected data segments. By requiring this proof, we ensure the longevity and easy accessibility of stored information.
Key Features of Arweave
As an analyst, I would describe the Arweave network as follows: I work with a decentralized system that functions as a global, open-access storage solution, enabling users to deposit various types of files, ranging from basic text documents to intricate web applications and archival databases. This characteristic makes it an ideal platform for permanently preserving valuable historical, cultural, and personal data.
Arweave boasts a global network of thousands of autonomous nodes preserving and replicating data, thereby fortifying security and robustness. Meanwhile, the data is retrievable via the permaweb, a decentralized web superstructure based on Arweave, which serves as both the repository and conduit for access to the archived information.
In contrast to other decentralized storage systems, Arweave enables users to make a single payment to perpetually save their data without any recurring charges or hidden expenses.
Founders of Arweave
As a crypto enthusiast and investor, I’d rephrase it this way: I came across Arweave back in 2017, which was founded by Sam Williams around that time. He served as its CEO ever since, having developed the concept during his PhD studies in Computer Science at the University of Kent with a focus on decentralized and distributed systems.
Just as Benet did, Williams aimed to establish a long-lasting, decentralized data storage system to safeguard humankind’s most precious knowledge for the benefit of future generations.
Funding and Investment
Arweave has received significant funding from various venture capital firms and private investors.
Arweave’s esteemed investors include Andreessen Horowitz, Union Square Ventures, and Coinbase Ventures. The unique funding model of this protocol features a token-based endowment intended to cover perpetual data storage expenses. Users pay an initial fee for permanent data storage, which in turn contributes to the endowment that finances storage costs for over 200 years.
Akash Network (AKT)
Akash Network is an open-source, decentalized solution that provides a marketplace for buying and selling cloud computing resources in a peer-to-peer manner.
Individuals in need of cloud computing resources have the option to buy them from those who have surplus capacity. Transactions are conducted directly between parties using Akash’s native token, AKT.
Key Features of Akash Network
Akash offers businesses and individuals an expansive decentralized platform for affordable storage, asset, and data possession, as well as cloud resources, in contrast to the higher costs associated with conventional centralized systems.
Akash, similarly to Akash Network, relies on Interplanetary File System (IPFS) for its decentralized storage solution. IPFS ensures security and immunity to censorship, making it an attractive choice for Akash. Here’s a brief overview of Akash Network’s notable characteristics:
- Decentralized Cloud Marketplace: Facilitates a peer-to-peer market where users can buy and sell computing resources.
- Containerization and Kubernetes: Akash uses container technology to ensure applications run consistently across different environments and Kubernetes to manage container orchestration and scaling.
- Cost Efficiency: Reduces costs by utilizing underused resources from data centers and individual providers.
- Security and Privacy: Enhances security by decentralizing data storage and computing, reducing risks associated with centralization
Founders of Akash Network
Akash Network was founded by Greg Osuri and Adam Bozanich.
Osuri, holding the position of CEO, boasts an impressive resume with expertise in cloud architecture. Notably, he has collaborated with industry leaders such as IBM and Kaiser Permanente. In addition, he is the mastermind behind Angelhack, a thriving platform that nurtures startups and FinTech projects.
Aksh’s chief technology officer, Bozanich, boasts an impressive background in software engineering. He has previously worked for Symantec, Mu Dynamics, and Topspin Media.
Funding and Investors
Akash Network has secured substantial funding, concluding a $2 million seed investment in March 2020. Notable backers include George Burke and Infinite Capital. Additionally, the network has formed partnerships with Solana and the Cosmos Interchain Foundation to broaden its functionalities and compatibility with other blockchains.
The AKT token plays a pivotal role in our network’s functioning. It enables transactions and motivates suppliers. Furthermore, it empowers token holders with the ability to participate in on-chain decision-making processes by casting votes for proposed network enhancements.
AIOZ Network, DePIN for Web3 (AIOZ)
AIOZ Network represents a decentralized solution for the storage, delivery, and retrieval of digital content, aiming to revolutionize these processes.
This protocol utilizes a decentralized P2P blockchain at its base level for delivering economical, swift, and extensive responses to media broadcasting, artificial intelligence processing, and Web3 archiving requirements.
Additionally, this platform is supported by a worldwide system of edge nodes. This means that digital content can be provided swiftly and dependably, surmounting the constraints of conventional centralized structures.
Key Features of AIOZ
As a crypto investor, I would describe AIOZ as my go-to platform for accessing a wide range of services in the world of live streaming, Video on Demand (VOD), and decentralized Artificial Intelligence (AI) computation. With its innovative ecosystem, I can enjoy uninterrupted live streams, binge-watch VOD content at my own pace, and take advantage of decentralized AI capabilities all under one roof.
AIOZ’s blockchain and Web3 infrastructure serve as the foundation for these services. This setup enables the effortless connection and functioning of decentralized apps (dApps) within the system. Some notable features include:
- Decentralized Content Delivery Network (dCDN): AIOZ uses a P2P network of edge nodes to deliver content globally, ensuring low latency and high availability.
Web3 Storage (W3S): Compatible with Amazon S3, it offers scalable and secure decentralized storage with built-in CDN capabilities.
AI Computation: AIOZ W3AI provides decentralized AI task execution and model training, enhancing privacy and performance by running AI tasks locally on user devices.
NFT Support: AIOZ simplifies the storage and management of NFTs, providing a resilient and decentralized infrastructure for digital assets.
Transparent Pricing: The network uses AIOZ tokens for transactions, offering a straightforward and cost-effective pricing model for storage and computation needs
Founders of AIOZ
Erman Tjiputra, with a strong foundation in engineering and technology and an abundance of experience overseeing tech-focused initiatives, established AIOZ. He currently holds the position of CEO.
Funding and Investors
According to Cryptorank data, AIOZ raised over $1M in a private round led by private investors.
BitTensor (TAO)
BitTensor is an open-source platform constructed around the blockchain Subtensor, which employs a distinct consensus mechanism called Proof-of-Intelligence (PoI). analogous to Proof-of-Work (PoW), PoI compensates miners for their significant inputs in various technological and research sectors within the BitTensor network.
BitTensor aspires to make artificial intelligence (AI) and cutting-edge technologies accessible and affordable for all using the power of blockchain technology.
Key Features of BitTensor
BitTensor functions as a decentralized platform with various interconnected networks, each specialized for distinct tasks such as artificial intelligence, machine learning, data storage, price generation, and cellular automation. Unlike parallel chains in systems like Avalanche, these networks represent competitive marketplaces.
One clear-cut illustration of a BitTensor subnetwork is Decentralized AI Detection. In this setup, miners are motivated to contribute discoveries, resolutions, innovations, and resources to facilitate the network’s ability to identify content produced by large language models (LLMs), such as ChatGPT.
In simple terms, anyone can set up a subnet by making a registration payment using TAO, BitTensor’s native token, and implement incentive structures for both miners and validators. Validators within each subnet are responsible for evaluating miner performance and issuing rewards in the form of TAO tokens.
Here’s a quick rundown of BitTensor’s key features:
- Decentralized Mixture of Experts (MoE): Utilizes multiple specialized neural networks to improve prediction accuracy and handle complex data.
Knowledge Compounding: Allows AI models to build upon existing knowledge, reducing the need for expensive retraining.
Token Incentives (TAO): Rewards contributors based on their informational value and supports network governance.
Collaborative Learning: Fosters a dynamic environment where AI models learn from each other, enhancing overall network intelligence.
Founders of BitTensor
Jacob Steeves and Ala Shaabana are the founders of BitTensor. With a strong foundation in computer science, Jacob previously honed his skills as a software engineer at Google prior to their venture together.
Simultaneously, Shaabana, who possesses a Doctorate in Computer Science from McMaster University and has been an assistant professor at the University of Toronto, collaborated with the intent to establish a decentralized artificial intelligence system. This system harnesses the collective intelligence to foster progress within machine learning.
Funding and Investors
BitTensor was nurtured by Polychain Capital, a prominent venture firm in the cryptocurrency sector, having invested approximately $200 million in the initiative.
The economic framework of our network draws inspiration from Bitcoin. A limited supply of 21 million TAO tokens exists to motivate engagement and secure the network’s longevity. Token owners can collect staking rewards and engage in governance, influencing the network’s future evolution.
Helium Network (HNT)
Helium is a novel, decentralized wireless network constructed on blockchain technology, aiming to revolutionize the way IoT devices connect and communicate more efficiently. By combining the strengths of both blockchain and radio technologies, this innovative platform offers extended-range wireless coverage for a multitude of IoT devices.
Helium encourages people to establish Hotspots that function as network nodes. In return, users are compensated with Helium’s native token, HNT, for expanding the network’s coverage and becoming part of “The Community-Owned Network.”
Key Features of Helium
“Helium’s infrastructure operates on the swift and highly scalable Solana blockchain. This is crucial for managing an expanding network effectively and ensuring prompt, affordable transactions.”
Additionally, this network is capable of handling various applications due to its Proof-of-Coverage (PoC) consensus mechanism, which guarantees dependable and confirmable network coverage.
Key features of Helium are highlighted as follows:
- Decentralized Infrastructure: The network allows individuals and organizations to deploy and maintain wireless networks, incentivized by the native HNT token.
- Proof-of-Coverage (PoC): A unique consensus algorithm that verifies network coverage and ensures stability.
- Multi-Token Ecosystem: Besides HNT, the network uses Data Credits for transactions and specific tokens like IOT for Internet of ToT devices and MOBILE for 5G networks.
- Scalability and Speed: Helium leverages the Solana blockchain to ensure high transaction speeds and scalability.
- Incentivized Participation: Hotspot owners are rewarded with HNT for providing wireless coverage, encouraging continuous network expansion
Founders of Helium
In 2013, the trio of Amir Haleem, Shawn Fanning, and Sean Carey established Helium. Amir Haleem brings a rich background in eSports and game development to the table.
Shawn Fanning gained recognition for creating Napster, a pioneering peer-to-peer file-sharing platform. In contrast, Sean Carey boasts an extensive background in development, having worked for diverse companies such as Where, a firm specializing in advertising optimization, which later got acquired by PayPal.
Funding and Investors
In more simplified terms: Helium has obtained over $360 million in funding during its Series D rounds as of 2024. Its value is estimated to be above one billion dollars. Notable investors in the protocol include Multicoin Capital, 10T Fund, Andreessen Horowitz, and Pantera Capital.
IOTA (IOTA)
Iota is an open-source, decentralized platform for the Internet of Things (IoT) and the Internet of Everything (IoE), offering a safe and costless infrastructure for exchanging data and value directly between devices and people.
Key Features of IOTA
In contrast to conventional blockchains, IOTA employs a distinctive architecture called the Tangle, which is a Directed Acyclic Graph (DAG). This form of decentralized ledger technology (DLT) facilitates the processing of transactions in parallel as opposed to sequentially. Consequently, IOTA boasts impressive scalability and offers zero-fee transactions. Given its capabilities, IOTA is an excellent fit for the IoT ecosystem, where devices frequently exchange small data volumes efficiently.
Moving forward, the Tangle blockchain eschews the need for miners and transaction fees in favor of microtransactions accessible to all users. This approach aims to foster a more inclusive and streamlined digital economy, thereby encouraging the widespread adoption of Internet of Things (IoT) and other emerging technologies.
Here’s a quick rundown of IOTA’s key features:
- DAG: IOTA’s Tangle uses a DAG structure to enable parallel transaction processing, resulting in high scalability and zero-fee transactions.
Feeless Transactions: Eliminates transaction fees, making microtransactions feasible and promoting wider adoption.
Low Resource Requirements: Designed to operate efficiently on devices with limited computational power, such as IoT sensors.
Scalability: Capable of handling a large volume of transactions without congestion, thanks to its unique consensus mechanism.
Data Integrity: Provides a tamper-proof method of recording transactions, ensuring data authenticity and security
Founders of IOTA
As an analyst, I’d put it this way: IOTA‘s dynamic team is composed of accomplished academic researchers and innovative tech entrepreneurs hailing from various parts of the world. The company was brought to life by the visionary minds of David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov.
Sønstebø and Schiener bring extensive experience in technology and business creation to the table, with a particular emphasis on decentralized systems and cutting-edge digital advancements.
Ivancheglo possesses a background in cryptography and decentralized technologies, whereas Popov holds an academic background in mathematics and distributed systems.
Founders and Investors
In 2015, IOTA garnered approximately half a million dollars in funds through a crowdfunding initiative. Sadly, there is limited information regarding the genesis of this investment. The raised sum was allocated towards building the network and backing the IOTA Foundation, a non-profit entity, which is committed to advancing and publicizing the IOTA ecosystem.
The protocol regularly highlights its IOTA Grants Program to projects demonstrating promise in various sectors, including Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Social Media Integration (SocialFi), and beyond.
Theta Network (THETA)
The Theta Network is a decentralized content delivery system built on blockchain technology, designed to disrupt the streaming sector by providing decentralized solutions for video broadcasting, data transfer, and edge computation.
Theta’s infrastructure is engineered to boost the effectiveness and lower expenses for streaming services, offering a decentralized solution that challenges established platforms such as YouTube and Twitch.
With the help of Theta blockchain’s technology, this protocol enables the development of complex smart contracts that follow the Turing completeness principle. Consequently, it paves the way for building diverse Web3 applications including non-fungible tokens (NFTs), decentralized exchanges (DEXs), and decentralized autonomous organizations (DAOs).
Key Features of Theta Network
As an analyst, I would describe the platform’s operation by saying: “I observe that this platform functions through a intricately connected system consisting of Validator Nodes, Guardian Nodes, and Edge Nodes. Collectively, they ensure the network’s decentralization. The role of Validator Nodes is to generate new blocks for the chain, while Guardian Nodes securely seal these blocks and add an extra layer of protection.”
In the Theta Edge Network, Edge Nodes act as key players carrying out functions such as video processing, transmission, and artificial intelligence calculations. By tapping into the underutilized bandwidth and computational resources of users globally, this decentralized system aspires to enhance streaming service quality while minimizing expenses typically incurred through centralized architectures.
Theta’s key features are outlined as follows:
- Decentralized Video Delivery: Utilizes a network of nodes to stream video content, reducing the need for centralized servers and improving streaming quality and speed.
Smart Contracts and DApps: Theta supports the creation of various Web3 applications, including NFTs and DAOs, enhancing the platform’s versatility and functionality.
Edge Computing: The Theta Edge Network allows for decentralized video transcoding, AI computation, and data delivery, leveraging community resources for efficient task execution.
Token Incentives: Users earn Theta’s native tokens, THETA and TFUEL, for participating in the network, either by staking or by providing computing resources and bandwidth
Founders of Theta Network
Theta Network was founded by Mitch Liu and Jieyi Long.
Liu possesses a strong educational foundation in computer science and engineering. He is the founder of several gaming and technology ventures. Among his achievements, he co-established Gameview Studios, renowned for creating successful social mobile games, and Tapjoy, a prominent mobile advertising platform.
During this time, Long, who is both the co-founder and CTO, possesses a doctorate degree in computer engineering and boasts a rich background in virtual reality, complex distributed systems, and blockchain innovations.
Funding and Investors
One possibility: In May 3rd’s venture funding round, Theta Network kept the identities of the investors and the exact sum raised confidential.
Frequently Asked Questions
What is an example of DePIN?
In our guide, we discuss how decentralized infrastructure initiatives in the cryptocurrency realm come in various forms, each tackling distinct aspects. For instance, Render Network specializes in decentralized GPU rendering, whereas Theta Network functions as a content delivery platform.
What is DePIN Solana?
On Solana, the Decentralized Projects Inclusive of DePIN host several notable initiatives. Among them is Helium. This project represents a decentralized, blockchain-development for an innovative wireless network aimed at facilitating a novel means for Internet of Things (IoT) devices to exchange information.
Which crypto is DePIN?
Among the numerous cryptocurrency initiatives, there is a growing number of projects dedicated to creating decentralized physical infrastructures (DePIN). Some notable examples are Render Network, The Graph, Helium, Theta Network, Akash Network, AIOZ, and Bittensor. These platforms aim to provide decentralized alternatives to traditional infrastructure solutions.
Top DePIN Projects: Closing Thoughts
In simpler terms, DePIN represents the integration of blockchain technology into a worldwide network of real-life infrastructure and hardware, with contributors supplying the necessary computational power for the decentralized system’s upkeep.
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2024-07-13 15:23