DePIN: What are Decentralized Physical Infrastructure Networks?
In a nutshell: Decentralized Physical Infrastructure Networks (DePIN) is the name for decentralized applications that use tokens to incentivise communities to build physical infrastructure networks (think mobility, electric vehicle charging, telecoms etc.) from the ground up. The sector has been around for years, but the consensus around a name has ignited a unified understanding that this is Web3’s time to shine — in the real-world. This blog explores all you need to know to make sense of crypto’s most exciting sector.
We’ve had metaverse mania, DeFi delirium, and NFT nuttery. The next craze and subsequent wave will go by the name… DePIN.
Sure, a tad underwhelming as names go. But who’s keeping scores? We’re in tech, after all. Better yet, we’re in crypto. This is the home of esoteric acronyms seemingly intentionally thought up to induce people to suffocate themselves with their pillows in the middle of the night yelling ‘WHY?!’.
Alas, wouldn’t it be worse if we had an overwhelmingly sexy name for an underwhelmingly promising idea? Oleato, for example.
