DePIN Doesn’t Need New Infrastructure
The devices in our hands form the basis for a decentralized internet, says William Paul Peckham, Chief Business Officer of APhone.
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DePIN
The devices in our hands form the basis for a decentralized internet, says William Paul Peckham, Chief Business Officer of APhone.
Decentralized Physical Infrastructure Networks (DePIN) are flourishing across multiple businesses, creating an “economy of things,” where value is shared across all participants. Scott Foo, founder of DePIN Daily, digs in.
DePIN stands for Decentralized Physical Infrastructure Networks, or in simple terms, real-world applications that are actually useful, says Max Thake, cofounder of Peaq, a layer-1 for DePIN.
As the U.S. electricity grid struggles with wide scale outages, crypto-powered demand response programs can save customers billions. These decentralized generative energy networks (or DeGEN) offer services valuable to customers and governments alike.
Already a multi-billion-dollar sector of the crypto industry, the DePIN narrative is a promising one, according to experts.
The decentralized wireless platform offers a token-reward system to incentivize users to contribute to the network.