$IOTX DePIN alive
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A 10,000-word article to understand the DePIN track: IoTeX platform, new AI narrative and trillion-dollar market potential
In 2024, the hottest track besides Bitcoin ecology is DePIN, which is the abbreviation of Decentralised Physical Infrastructure Networks. Sun Jing has led the IoTeX team to work on this track since 2017, and Hashkey's investment partner Sunny also paid attention to and invested in this track in the early stage.
Part 1: Evolution of the concept of DePIN
Q1. Mempool: Could you please popularize the concept of DePIN? There are various definitions of DePIN on the market. Some reports believe that the concept of DePIN refers to replacing existing infrastructure through hardware investment and token incentives. For example, Messari believes that DePIN is the use of an encrypted protocol to deploy real-world physical infrastructure and hardware networks. I would like to ask you to explain your understanding of the concept of DePIN and what are its core elements?
Part 1: Evolution of the concept of DePIN
Q1. Mempool: Could you please popularize the concept of DePIN? There are various definitions of DePIN on the market. Some reports believe that the concept of DePIN refers to replacing existing infrastructure through hardware investment and token incentives. For example, Messari believes that DePIN is the use of an encrypted protocol to deploy real-world physical infrastructure and hardware networks. I would like to ask you to explain your understanding of the concept of DePIN and what are its core elements?
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.