๐ ๏ธ Crypto + offline = DePIN | Trend
๐ After the approval of the BTC ETF, investors have become friendlier to the adoption of blockchain technology in the real world, which is reflected in the growth of the #DePIN sector (+32% for week)
๐ DePIN is a decentralized physical infrastructure network that works by connecting the blockchain network and physical infrastructure owners through their financial incentives.
โ๏ธ Comparison with traditional business
+Cheaper
+Easier to scale
+Decentralization among infrastructure owners
-Complexity
-Regulatory risks
๐ DePINs are categorized into physical resource networks (PRN) and digital resource networks (DRN)
๐ PRN consist of location-dependent objects that are not interchangeable. Examples are $HNT hotspots or $HONEY cameras.
๐ฅ๏ธ DRN consist of interchangeable objects, typically servers or computing power. Examples are storage servers $FIL or rendering facilities $RNDR ย
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