DePINs are bridging blockchain with real-world applications for scalable tech.
What are DePINs? Decentralized Physical Infrastructure Networks are real-world infrastructures on-chain. In more depth, DePINs offer a community-driven, cost-effective means of scaling projects without relying on traditional, centralized models. They are platforms where organizations and individuals can benefit from higher levels of control over their data and products through decentralized infrastructure.
They are platforms where organizations and individuals can benefit from higher levels of control over their data and products through decentralized infrastructure. As for the term "DePIN,” this gained prominence in 2023 and continues to grow in mention into 2024. Initially, Web3 was used to reference projects focused on networks but has since expanded to include all crypto or blockchain work, resulting in the need for this specific terminology.
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