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IsaacBandie • 23 January 2024
Decentralized Physical Infrastructure Networks, (DePIN) refers to networks that connect physical hardware devices in a decentralized manner. These networks are supported by cryptocurrency-based rewards and incentives.
It aims to bridge the digital and physical spaces using crypto-based technologies. It focuses on creating democratized technologies that can compete with or replace centralized offerings.
Contributors who provide the necessary hardware to the network actively contribute to its adoption and decentralization, earning rewards in cryptocurrencies.
It has the potential to drive the development of Web3 and solidifying cryptocurrencies as vital resources.
Now we are going to look at the existing categorisations in the landscape and understand what each represents:
Projects and companies integrating decentralization and cryptocurrencies into physical products comprise this sector. It divides into two subcategories:
Projects within this sector aim to integrate decentralization into modular systems, which are used for mass adoption or various use cases. It is more technical and has a few subcategories that we will discuss in its own article.
Products integrating decentralization into the use of digital resources compose this sector, divided into 4 subcategories
We explored a brief introduction to the DePIN landscape, anticipating that this innovation will broaden the use cases of cryptocurrencies beyond finance and transactions.
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