Originally published on: September 05, 2024
A recent report by MV Global, a leading Web3 investing firm, predicts that Decentralized Physical Infrastructure Networks (DePINs) are set to become the next big thing in the world of cryptocurrency. These innovative blockchain protocols aim to decentralize real-world infrastructure, paving the way for a wave of new users entering the crypto space.
According to the report, DePINs have already gained significant traction, with hundreds of thousands of users across various protocols. This growth is just the beginning of what MV Global anticipates will be a massive expansion, appealing not only to existing Web3 users but also drawing in converts from Web2.
By offering token incentives and implementing on-chain governance, DePINs are tackling long-standing challenges in infrastructure networks, such as the costly “cold start problem.” This approach not only reduces infrastructure costs but also presents practical solutions to real-world problems, demonstrating the true potential of cryptocurrency.
The DePIN landscape is diverse and expanding rapidly, with over 1,000 projects and a combined market capitalization exceeding $50 billion. Connectivity protocols like Helium, sensor networks such as Dimo and Hivemapper, and DePIN-specific blockchains like Peaq and IoTeX are among the key players driving this growth.
As demand for AI applications continues to rise, the market for decentralized data storage and compute protocols is projected to reach $128 billion by 2028. This trend highlights the tangible impact that DePINs can have on modern infrastructure, signaling a promising future for crypto investors and enthusiasts alike.
Discover the potential of Decentralized Infrastructure Networks and join the exciting journey into the future of cryptocurrency investment.
