In this round of market, in addition to the Inscription track, the most eye-catching track is undoubtedly the DePin track
This article will show you what DePin is
DePIN (Decentralised Physical Infrastructure Networks) is a decentralized physical infrastructure network that uses blockchain technology to allow participants to deploy hardware devices without permission or trust to provide real-world services or digital resources. The core of DePIN is that users can get rewards by renting out the services provided by hardware.
DePIN covers a wide range of areas. According to Messari’s classification, it can be divided into two categories: physical resources (PRN) and digital resources (DRN). Physical resources include wireless networks, geospatial networks, mobile networks, and energy networks; digital resources include data storage, computing power, and network bandwidth.
The basic flywheel logic of the DePIN track is to incentivize more supply-side participation through the token economy. With sufficient resource supply, price competition will arise. Sufficient resources and good prices will promote demand. With demand, tokens can capture value, which can better drive price increases and attract more resource suppliers.
DePIN is a perfect fit for the crypto track. It is a combination of decentralized infrastructure, blockchain technology, and token economy. Blockchain technology can solve problems such as property rights confirmation and verification, while token economy is the source of motivating more participants and building network effects.
Reposted from @XiongDa_labs
