DePIN – A Sector Dedicated To Passive Income

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31 Oct 2024

Monetization Is The Objective
Crypto and blockchain technology have experienced significant growth in recent years in terms of "industry" adoption. Crypto assets and public blockchains are now not only associated with value transfer but also with existing industries and business models. Tokenization is fast becoming a part of modern-day life. AI has been a trending niche in recent years. However, DePIN has experienced significant growth in 2024 and is still poised for additional expansion and adoption.
The DePIN sector is largely geared towards monetization and income generation. Setting up nodes to be a part of a DePIN infrastructural network provides financial reward in the form of tokens, which can be exchanged for any Cryptocurrency. Alternatively, rewards can be exchanged for cash via an exchange. There are various use cases and narratives within the Cryptoverse. However, DePIN is unique in its level of incentivization and monetization.
It's the primary objective, and as a result, it is heavily geared toward passive income. Weather miners, Internet incentive structures, and other decentralized physical infrastructural networks offer passive income opportunities. Crypto enthusiasts can utilize free opportunities as well as others that require the purchase of physical equipment, such as a weather miner. DePIN is revolutionizing passive income in the Crypto space!
The Launch of DePIN's GRASS Token
Regular readers will be familiar with Grass, a DePIN project that garnered attention in 2024. Grass enables verified institutions to reward you directly for supplying the bandwidth they need to enhance their online services. Grass also incorporates AI technology and is a leading project in the space with millions of nodes online. The first round of the GRASS airdrop recently took place with multiple exchange listings.
Many airdrops incur a serious correction shortly after launching. However, two days later GRASS is printing new highs. GRASS peaked at $1.14 today after trading at $0.75 for much of the first day's trade. It has a staggering market cap of a quarter billion dollars and impressive trading volume. The current daily trading volume is $169 million, which is staggering.

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GRASS staking is also live and is yielding a delicious 56% APR! I took 100 GRASS from my GRASS airdrop and delegated them to the staking protocol. It's important to note that acquiring these GRASS tokens came at zero expense to me. Furthermore, I am now earning 56% APR! It doesn't stop there. Farming GRASS points is by no means over. "Stage 2: Capturing The Web" recently commenced with Epoch 1.

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There are many more months to mine GRASS points for the airdrop's next round. From what I understand, monetization continues even after the airdrops have been completed. Just like any traditional bandwidth-sharing platform, there is ongoing incentivization for sharing bandwidth. Essentially, this means that users can earn GRASS tokens indefinitely.
So, for those who missed out on the first round, you have another opportunity to get your hands on some GRASS tokens. The project is also Solana-based, making it an attractive option for investors, especially as Solana is expected to continue to dominate the market, to some point. DePIN is creating and providing almost unbelievable opportunities. However, they need to be grasped with both hands.

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Final Thoughts
The DePIN sector offers a wide range of passive income opportunities and Grass is a great example! UpRock is another Solana-based DePIN app that users can download on their mobiles to begin earning UPT tokens. The UPT token is trading at $0.017 and peaked above $0.02 earlier today. The DePIN space is simply loaded with passive income opportunities, don't let them bypass you! See you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.