What is DePIN? What are the popular projects of DePIN?

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18 Jan 2024

Discussions on the DePIN track have been heated recently, and there are more and more ecological projects. Will DePIN set off a new round of hot spots?
DePIN (Decentralized Physical Infrastructure Networks) refers to decentralized physical infrastructure networks.
Through blockchain technology and token rewards, individuals and companies around the world are encouraged to build any infrastructure in the physical world (WiFi, hard drive storage, batteries, etc.) in a decentralized manner to provide services to anyone.
The popular understanding is that you can get token rewards by sharing your computer hard drive, WiFi and other excess energy.
DePIN covers a wide range of industries, mainly including physical resource networks and digital resource networks.
DePIN track project
What are the popular projects of DePIN?
1. Helium and Helium Mobile
Helium is a decentralized wireless network protocol that uses blockchain technology and token incentives to deploy wireless networks for users.
The concept of a decentralized network and the low threshold of hotspot devices have attracted a large number of users to participate. As of the end of 2021, the total sales of Helium hotspot devices exceeded US$250 million.
Helium recently migrated to the Solana network. Its Helium Mobile business provides SIM cards and free trials to its mobile phone users through Solana Labs’ Saga mobile phone, which has attracted the attention of many new users.
Helium Mobile is currently launching an unlimited phone package for US$20 per month to US users, covering data, text messages and calling services. Users who purchase the package can receive an NFT and receive an airdrop reward of MOBILE tokens.
Helium is a decentralized wireless network protocol
How to play Helium?
Helium is a wireless network protocol that allows any user to earn rewards by sharing a mobile hotspot, but requires purchasing hardware equipment. The current Hotspot price is $249.
Purchase equipment and create network resources. As long as someone connects to your network, you can get MOBILE token rewards. However, the purchase of hardware equipment may not be so friendly to domestic players. Not only does the purchase cycle take a long time, but there may also be trouble during transportation.
Or hold MOBILE to focus on project development, but the current price of MOBILE fluctuates greatly and the risk is high.
Helium Mobile Hardware Device HOTSPOT
2. IoTeX
IoTeX is a decentralized IoT public chain that is committed to combining blockchain networks, trusted hardware and edge computing to achieve trusted interconnection of all things. Its mission is to build a connected world where everyone owns their data, devices and identity.
Leveraging the power of blockchain, IoTeX will unlock the potential of smart devices/data and empower a new generation of real-world Dapps and digital assets.
iotex.io builds products by connecting billions of physical facilities in the real world with Web3 infrastructure. Its ecosystem has covered tracks such as DeFi, NFT, DAO, Metaverse and DePIN.
How to play IoTeX?
The project’s native token is IOTX, which has been listed on BN and other trading platforms. Users can purchase IOTX to follow the development of the project;
Or deploy projects on the IoTeX ecosystem, connect any smart device to any smart contract through w3bstream, and provide related services for the Depin track.
IoTeX is a decentralized IoT public chain
3.DIMO Network
DIMO Network is an automotive IoT platform that allows drivers to collect and share vehicle data to earn tokens DIMO. Its team has completed US$9 million in financing from institutions such as CoinFund.
DIMO Network currently connects more than 30,000 vehicles, and its revenue comes from vehicle data and paid data API services provided by users.
The current market value of DIMO exceeds US$96 million. Its token is DIMO, which is US$0.4. It is basically fully circulated on many DEX platforms. The current price fluctuates greatly. Users need to pay attention to risks when trading.
How to play DIMO?
After users download and register a DIMO account, they also need to purchase designated hardware equipment, which costs US$299. By linking the hardware equipment with the car and sharing vehicle driving data to generate tokens, it can be considered as making money while driving.
DIMO encourages car owners to share driving data in exchange for DIMO tokens; in the future, all data will have value, and profits can be obtained by selling the data.
DIMO Network is an automotive IoT platform
4.Grass
Grass is a decentralized web scraping platform that uses tokens to incentivize users to share idle, unused bandwidth and earn passive income without compromising personal privacy.
Grass plans to mobilize millions of home Internet connections to capture and verify data from the network and incentivize users to network data; the project has raised US$3.5 million in seed round funding and will be built into a decentralized artificial intelligence oracle.
Everyone can use Grass to sell their unused internet bandwidth.
While certain geographic locations have IP addresses that are in higher demand and may receive greater rewards, all locations are welcome and can benefit.
It allows verified companies to use idle bandwidth without access to personal information, and all buyers are vetted and monitored to ensure there is no abuse or illegal activity.
Grass only uses a maximum of 0.3% of bandwidth and does not affect user internet speeds as it only works when you are not using the full bandwidth.
Grass mining page
How to play Grass?
At present, the Grass project is still in the testing phase and can be played by anyone. There is no need to purchase hardware equipment and anyone can participate.
After registering for Grass, install the Google plug-in and click connect to start mining. Early users may receive airdrop benefits.
DePIN is a decentralized physical infrastructure network that allows real physical devices to be linked to the blockchain, and shared resources can be rewarded with tokens. At the same time, users can enjoy personal data value through data sharing and reprocessing.
Personal data no longer just stays on the platform, everyone’s browsing data on the web will be monetized.
DePIN (Decentralized Physical Infrastructure Networks)
At present, DePIN has a certain hot end, and the DePIN track tokens have increased to a certain extent last week.
But the development of new things requires a long process. Just like the Internet of Things has been called for so many years and continues to repeat itself in advance and retreat, the development of DePIN will also face long-term challenges.
But when new things come up, it’s good to spend some energy and pay attention. After all, blockchain is developing at a rapid pace, and no one knows which one is the best opportunity.
The above is just my personal opinion, no investment advice. I am CryptoLola, and I am paying attention to the encryption market and web3.

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