Category of the Day: #DEPIN

🔸 What is DePin?

DePin stands for ''Decentralized and Physical Infrastructure Networks''.

🔸 What Does DePin Aim For?

It is an important step for crypto-based technologies based on physical proof of work (PoPW) to bridge the gap between digital and physical spaces.

In addition, DePin is responsible for establishing the crypto-based infrastructure of the physical world. Infrastructure can be anything.

It can be found everywhere from Wi-Fi in our homes to homes operating with solar energy.

🔸 What Does DePin Mean?

DePin refers to infrastructure projects that use tokenization to coordinate and incentivize the bootstrap stages.

🔸 What is the Importance of DePin?

The main idea is to oppose the traditional model in minds. In traditional methods, the costs in communication and informatics are at a high level.

For example; Investing in energy causes a huge waste of time and money. Web3 projects in this regard oppose this and follow DePin.

📌 Leading Projects in DePin Field

There are popular projects such as #FILE, #RNDR, #THETA, #HOT, #IOTX.

(You can reach the detailed list from crypto search engines such as CoinMarketCap, CoinGecko!)