$IOTX 2024 Cryptocurrency Bull Market DePIN is one of the main narrative concepts of the bull market. It is one of the few concepts in the cryptocurrency circle that has practical application value and is very worthy of hype.

DePIN is an innovative decentralized physical infrastructure network. Its core idea is to use token incentive mechanisms to encourage users to share their resources, such as storage space, network traffic, cloud computing capabilities, and energy, to jointly build and maintain network infrastructure. In this way, DePIN aims to reduce the cost of enterprises and improve resource utilization, while providing users with a more open, transparent and decentralized network environment.

DePIN is divided into physical resource networks (PRNs) and digital resource networks (DRNs). Physical resource networks focus on providing unique goods and services in the real world, while digital resource networks are dedicated to the supply of digital resources. This innovative network architecture is expected to bring more efficient and flexible resource utilization methods to users and enterprises, and promote the further development of the digital economy and blockchain technology.

DePIN track targets:

DePIN+AI: RNDR, LPT, THETA

DePIN public chain: SOL, IOTX, ICP

DePIN storage: FIL, AR, STORJ, LAMB, SC

DePIN middleware: IOTX

DePIN browser: IOTX

DePIN Internet of Things: IOTX, HNT, JASMY, IOTA

DePIN criminal record: LPT, IOTX, THETA