𝗗𝗲𝗣𝗶𝗻, 𝗢𝗻𝗲 𝗼𝗳 𝗧𝗵𝗲 𝗧𝗼𝗽 𝗡𝗮𝗿𝗿𝗮𝘁𝗶𝘃𝗲𝘀 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰

DePIN (decentralized physical infrastructure network) is a rapidly evolving narrative, with the aim of creating a decentralized infrastructure for the physical world through blockchain and token rewards.

DePINs fall into two categories:
➡ PRN (physical resource network) and
➡ DRN (digital resource network).

𝘗𝘙𝘕𝘴 incentivize users to employ equipment to provide goods and services in the real world, such as 5G, VPN, and others.
𝘋𝘙𝘕𝘴 encourage those who use equipment to create real physical infrastructure networks for digital resources.

Major crypto funds like Coinbase, Pantera Capital, and The Spartan Group are making a big bet on this narrative in their forecasts for 2024. This view is also held by one of the world’s biggest funds, VanEck.

The market is already packed with projects that are traded on exchanges or those getting ready to issue tokens.

𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗧𝗼𝗸𝗲𝗻𝘀
There are several dozen tokens of DePIN projects available in the market. I’ve analyzed the most interesting ones.

Filecoin Foundation (FIL) is a direct competitor to giants like AWS and Microsoft Azure. It’s a decentralized data storage network.
Market Cap: $5.46B.
Token Price: $10.41, down by 95% from its highs and only by 3x from its lows.

Render Networks (RNDR) is a leading provider of decentralized rendering solutions based on GPUs.
Market Cap: $4.3B.
Token Price: $11.28, the token is already trading close to its all-time highs.

Helium (HNT) is a truly decentralized blockchain network that connects IoT devices. Users receive token rewards for participating in the network’s operations.
Market Cap: $1.35B.
Token Price: $8.28, down by 84% from its highs and up by 7.874% from its lows.

Arweave (AR) is a data storage platform based on the Proof-of-Access protocol that creates scalable storage. It offers low-cost data storage and censorship resistance.
Market Cap: $2.4B.
Token Price: $36.7, down by 60% from its highs, and up by 12.153% from its lows.

𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗔𝗶𝗿𝗱𝗿𝗼𝗽𝘀
io.net is a decentralized computing network that enables developing machine learning apps on the Solana blockchain.
Investments: $30M.

PrivaSea is a decentralized AI network that uses FHEML.
Investments: $5M.

Gensyn is a marketplace that allows small data centers and devices to provide computing power for machine learning.
Investments: $43M.

Fleek is a platform that builds websites and applications on IPFS.
Investments: $25M.

𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻
The DePIN narrative is at the intersection of blockchain and the real world, and leading financial funds believe in its success. Besides, many projects interact with AI, a pivotal technology of recent years. It’ll undoubtedly play a very important role in blockchain development.