Decentralized Physical Infrastructure Networks (DePIN) is the central spotlight in the ever-evolving Web3 space. It is emerging as a revolutionary trend shaping the future.

What is DePIN?

Briefly describing, DePIN is also known as Proof of Physical Work (PoPw), Token Incentivized Physical Networks (TIPIN), or EdgeFi. It differs from Proof-of-Work (PoW) by encompassing the “real-world stuff” powering the crypto realm. DePIN projects utilize token-based incentivization to encourage the development and establishment of physical infrastructures in the real world. These physical infrastructures include wireless networks, cloud services, mobility networks, and power grids. 

DePIN is a technological innovation with the potential to restore public trust in blockchain, enhancing its popularity globally. As the Web3 space is getting all set for 2024’s bull run, DePIN projects are emerging as a beacon of decentralization, user ownership, and data sovereignty in diverse industries. This article includes the list of top DePIN projects to look out for this bull season.

The post Best DePIN Projects to Watch In 2024 appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am