How DePin Decentralized Physical Infrastructure Networks Continue To Grow
Decentralized Physical Infrastructure Networks (DePin) are tipped to become one of blockchain’s paths to changing the world for the better for users in and out of the Web3 world.
A recent report by Messari Research stated that “DePIN is in its earliest innings” and predicted that DePIN will grow a factor of 100x to 1,000x over the next ten years as blockchain-based solutions win market share from slower, centralized corporations.
Rushi Manche, co-founder of Movement Labs, commented recently in an interview with CoinTelegraph that the lack of a cohesive narrative around DePIN may be contributing to the slow build in mass adoption.
The challenge to building a strong central narrative may lie in the breadth of DePIN’s goals.
The Messari report breaks DePIN’s broad mission into six areas: Compute, Wireless, Sensors, Identity, Energy and Logistics.
However, the solution will require use cases that meet consumer needs, in and out of the Web3 world.
Denis …
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