⭐⭐⭐Insatiable Venture Capitalists Are Captivated by DePIN
It is worth noting that DePIN has not been receiving the same kind of media coverage as memecoins or ETFs. This suggests that its growth is mostly driven by institutional investors rather than retail ones, which suggests that the massive influx of retail investment might still happen in the future.
Is Q3 2024 going to be the year when DePIN takes over the radio? It may happen.
In decentralized physical infrastructure (DePIN), initiatives built on the blockchain manage physical assets in a manner that prioritizes the needs of the community rather than any one entity.
“What does that mean for the non-technical reader?” I asked.
By sharing your wireless connection, data storage, or processing power with a network, you may earn bitcoin tokens. An incentivized network outperforms more conventional, centralized networks as it expands via a globally dispersed growth process.
Big, centralized companies like AT&T are set up to charge a premium, keep all the data under their thumb, and maintain their position at the top of the food chain. In contrast, DePINs pool resources (including value creation and workload) to keep costs cheap (by as much as 90% on nuco.cloud ).
It should be noted that if the value of DePIN tokens increases, for example due to venture capital investment, projects are able to lower their service costs even more, which further encourages end users to support the platforms.
nuco.cloud embodies the core values of DePIN:
Community-driven
Affordable
Private
Globally Distributed
Permissionless
Rewarding
