Sector Spotlight: Exploring DePIN – Part 1
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TL;DR Decentralized Physical Infrastructure Networks (DePINs) are transforming traditional infrastructure models by leveraging blockchain technology. These networks enable autonomous, community-governed interactions in physical assets. The model operates as a decentralized peer-to-peer network of hardware, with token incentives for participants. DePINs are divided into two categories: Physical Resource Networks (PRNs) and Digital Resource Networks (DRNs). Introduction to DePIN: The Future of Infrastructure Decentralized Physical Infrastructure Networks ( DePIN ) are at the forefront of revolutionizing traditional infrastructure models, creating new opportunities in the Web 3.0 ecosystem. Just like today’s gig economy, DePIN allows for permissionless, autonomous, and community-governed networks that offer tangible physical resources. This paradigm is being powered by blockchain technology, enabling self-sovereign interactions within a peer-to-peer network of hardware resources. Th...