DePINs: The Future of Decentralized Telecommunications Infrastructure

Thursday, July 4, 2024 2:14 PM
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DePINs: The Future of Decentralized Telecommunications Infrastructure cover

Decentralized physical infrastructure networks, or ‘DePINs,’ are gaining attention in the crypto industry for their potential to tackle real-world data and energy challenges. DePINs integrate with physical infrastructures and use blockchain technology along with token incentives to enhance business operations. The DePIN market is currently worth $2.2 trillion and is predicted to grow to $3.5 trillion by 2028, according to Messari. DePINs address connectivity and technology issues in the telecommunications industry, which is valued at $3.1 trillion and expected to reach $3.9 trillion by 2028. Projects like Helium Mobile aim to disrupt the wireless telecommunications industry with a decentralized, community-built network, offering affordable, unlimited mobile services.