DePIN (decentralized physical infrastructure network) is revolutionizing the evolving world of blockchain and cryptocurrency.
What exactly is DePIN and how is the DePIN Association advancing the DePIN ecosystem? Let’s look into this.
What is DePIN
DePIN refers to infrastructure projects that employ tokenization to organize and incentivize their progress.
In traditional centralized infrastructure setups, companies in telecommunications, energy or cloud services invest significant resources to build and maintain the infrastructure.
DePIN turns this model around by outsourcing the build-up and maintenance to a decentralized network of individuals who are incentivized through token rewards.
This approach utilizes liquidity incentives seen in Web 3.0 sectors like DeFi, yield farming and play-to-earn or move-to-earn.
This peer-to-peer model democratizes infrastructure access and fosters an effective and resilient ecosystem.
Core
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