Decentralized Physical Infrastructure Networks: The Future of Web3 Mining
Thursday, July 11, 2024 1:49 PM
156
Decentralized physical infrastructure networks (DePINs) are poised to revolutionize the use of shared computing resources like GPUs and routers, making web3 mining accessible to everyone. Despite a market capitalization exceeding $20 billion, the DePIN sector faces challenges in adoption due to the complexity of blockchain technology. User-friendly applications are essential to simplify DePIN technology and lower the entry barrier, enabling broader participation in the digital economy. DePINs can democratize access to decentralized networks, enhance data sovereignty, and cut costs. Examples like Teleport, a decentralized ride-sharing service, demonstrate the potential of DePINs to create fairer and more sustainable business models.
Related News
4 days ago
Roam Unveils $ROAM Token Airdrop and Innovative Miner FeaturesRoam announces a 20 million $ROAM token airdrop for users with miners and NFTs before the Token Generation Event. The Roam Rainier MAX60 router integrates Wi-Fi 6 and Web3 features, offering high performance and stability. Users can earn Roam Points through network contributions and convert them int
5 days ago
PowerPod Collaborates with Mamotor to Launch a DePIN NFT on IoTeX ChainPowerPod, the first DePIN NFT with with real-world benefits launched in collaboration with Mamotor electric motorcycle company in Macau, was sold out on the IoTeX chain within hours. This NFT allows holders to earn $PT tokens based on the daily electricity consumption at Mamotor's electric motorcycl
16 days ago
Network3's N3 Edge V1: Revolutionizing Crypto-Mining and AI TrainingNetwork3's N3 Edge V1 mining devices, powered by the DePIN-Edge AI protocol, sold out in seconds after launch. The dual mining machine allows users to mine Network3's native token and IoTeX tokens, offering enhanced capabilities and easy setup. By democratizing the crypto-mining landscape, Network3
16 days ago
Network3 Sells Out First Batch of N3 Edge V1 Mining Devices and Introduces Dual Mining CapabilitiesNetwork3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. N3 Edge V1 is a dual mining machine that can mine Ne
25 days ago
BlockDAG's X1 Mining App Surges to 100K Users and Raises $65.6 Million in PresaleBlockDAG's X1 mining app has surged to 100,000 users, raising over $65.6 million in its presale. Filecoin and Bitcoin Cash holders are closely monitoring the project as it outperforms major coins in the market. Filecoin faces challenges after a significant drop post-March correction, while Bitcoin C
2 months ago
Aethir Achieves $36 Million Revenue with Decentralized GPU NetworksAethir, 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-