Decentralized Infrastructure Projects Disrupt Traditional Industries

Thursday, June 13, 2024 12:42 PM
87
Decentralized Infrastructure Projects Disrupt Traditional Industries cover

Franklin Templeton’s report, ‘DePIN: Traction in Supply & Early Signs of Increasing Demand,’ delves into the burgeoning Decentralized Physical Infrastructure Network (DePin) sector, which is shaking up traditional industries with innovative, token-based incentive models. Projects like Hivemapper and Helium are leading the charge, leveraging mass collaboration to map roads and build wireless networks more efficiently and cost-effectively than their centralized counterparts. Hivemapper, for instance, has mapped 21% of global roads with over 60,000 contributors in just 31 months. Helium has partnered with T-Mobile to expand its 5G network to 13,000 hotspots, offering an unlimited phone plan at a significantly lower cost than traditional providers. However, the report also highlights a critical need for increased consumer demand to ensure the long-term sustainability of DePin projects, as the supply of such services has outpaced demand. With the market capitalization of DePin projects at $47 billion and the recent token listings of Aethir and io.net, there is potential for growth, but attracting a broader user base remains key.

Related News

JasmyCoin Leads DePIN Coins with 30% Surge cover
2 days ago
JasmyCoin Leads DePIN Coins with 30% Surge
JasmyCoin, an IoT token, experienced a 30% surge last week, outperforming other DePIN coins like Filecoin, Render, and Arweave. The price prediction indicates a potential recovery aiming for the $0.046 peak seen in June. Despite a 25% drop in trading volume, JasmyCoin's technical structure suggests
Helium Price Pumps 20%, Analyst Explains Bullish Outlook on HNT cover
2 days ago
Helium Price Pumps 20%, Analyst Explains Bullish Outlook on HNT
Helium's HNT has experienced a 20% surge, reaching over $4.4, making it the second-best performing altcoin globally after WLD. Analyst 'Agonybeard' on Twitter is bullish on HNT due to its leading position in the DePIN narrative, clear crypto and token use case, and being one of the few Solana-based
DePIN 2.0: The Next Phase in Decentralized Infrastructure cover
3 days ago
DePIN 2.0: The Next Phase in Decentralized Infrastructure
DePIN 2.0 represents the next phase in Decentralized Physical Infrastructure Networks, promising a world where decentralized networks manage our infrastructure. With a global market value of over $2 billion in 2023, DePINs are gaining recognition and investment, with over $1.5 billion invested in 20
Crypto Market Shows Resilience in Q2 2024 Amidst Dip in Total Market Cap cover
3 days ago
Crypto Market Shows Resilience in Q2 2024 Amidst Dip in Total Market Cap
In Q2 2024, the crypto market saw a 14.4% drop in total market cap, yet certain sectors like meme coins, real-world assets, AI, and DePin showed resilience. Despite Bitcoin halvings, the overall market was poor, but these sectors gained attention. Meme coins, especially 'cat-themed' tokens, were amo
Aethir Achieves $36 Million Revenue with Decentralized GPU Networks cover
3 days ago
Aethir Achieves $36 Million Revenue with Decentralized GPU Networks
Aethir, a Decentralized Physical Infrastructure Network (DePin) startup, has reported a substantial revenue of $36 million this year, reflecting a 10% monthly growth. The company's growth is propelled by the high demand for artificial intelligence and gaming services offered through its Platform-as-
DePin Sector Advances with World Mobile and Helium Subnetworks cover
4 days ago
DePin Sector Advances with World Mobile and Helium Subnetworks
Decentralized Physical Infrastructure Networks (DePin) are making strides in the tech industry by supporting decentralized projects in real-world infrastructure. World Mobile has reached a significant milestone with over 100,000 daily users, a 400% increase in the past year, with its network expandi