DePin Sector Advances with Leadership Changes and Growing Interest

Monday, June 10, 2024 6:22 PM
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DePin Sector Advances with Leadership Changes and Growing Interest cover

The Decentralized Physical Infrastructure Networks (DePin) sector is witnessing significant developments. io.net, a decentralized infrastructure provider, experienced a leadership change with CEO Ahmad Shadid stepping down, two days prior to the token launch on Binance Launchpad. His departure aims to eliminate distractions and focus on the company’s growth. Despite criticism over GPU capabilities and pricing issues, io.net continues to pursue its goal of becoming the world’s largest AI computing network. In another development, Helium Mobile has surpassed 92,000 subscribers, highlighting the growing interest in decentralized wireless networks. The platform rewards users for setting up and maintaining wireless coverage, expanding its network significantly. DePin projects are thriving, with over 1,200 active projects contributing to a total market cap of $47 billion, showcasing the diverse applications of DePin technologies in various sectors.

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