CoinVoice has recently learned that according to The Block, Borderless Capital partner Alvaro Garcia recently said: "DePIN may be the only category in Web3 whose value comes from outside the crypto industry," he believes that this also makes the DePIN project uniquely resistant to the bear market that may affect other crypto projects.
In a recent interview at the mainnet conference, Greg Osuri, CEO of Akash, a decentralized protocol that provides users with a decentralized marketplace for buying and selling hashrate using AKT tokens, echoed this sentiment and said regulators have taken notice of the project’s work.
“I spent a lot of time on Capitol Hill…I had a meeting with a key staff member on the House Energy and Commerce Committee…I introduced myself and they said, ‘We know Akash, it’s the intersection of DePIN and AI,’” Osuri said, calling the meeting “very productive.”
Osuri continued: "DePin has more mainstream appeal than other crypto tracks. There is currently a lack of regulatory demand to ensure that DePin is not regulated like NFT and DeFi, because regulators will classify all industries as one when looking at cryptocurrencies and regulate accordingly, so I think it is very important for us to separate (DePin and other cryptocurrencies) regulation and ensure that legislators and regulators get the message. (Akash and InFlux) don't care about competition... As a way to show that we can achieve unity because we all care about the industry... Through this unity, I think we can achieve regulatory clarity." [Original link]
