DePIN

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Basics

DePIN stands for Decentralized Physical Infrastructure Networks, which is a new way to build and maintain infrastructure in the physical world.

"Simply put, it involves using blockchain to run and maintain decentralized networks of physical hardware, such as sensors, wireless infrastructure, energy grids, and other applications. DePIN uses cryptocurrency rewards to incentivize participation in physical infrastructure networks, enabling them to be built from the “ground up” rather than the top down."

Examples

Arweave; decentralized file storage service

Filecoin; decentralized storage network

Helium; WIFI mesh network

Hivemapper; decentralized mapping service

POKT Network; decentralized RPC network

Render: A decentralized GPU rendering platform