DePIN: The Next Trillion-Dollar Industry
Thursday, May 30, 2024 11:31 AM
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Carlos Lei Santos, co-founder and CEO of Uplink, predicts that the next trillion-dollar company will emerge from the decentralized physical infrastructure network (DePIN) industry, driven by the growing demand for wireless hardware connectivity. He compares this potential giant to Amazon Web Services (AWS), suggesting it will act as a decentralized ‘orchestrator’ connecting different infrastructures. The DePIN industry is rapidly growing, with an estimated market size of over $2.2 trillion and is expected to reach $3.5 trillion by 2028, according to a Messari report.
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