Evolution of Decentralized Physical Infrastructure Networks
Decentralized Physical Infrastructure Networks (DePINs) are evolving beyond digital infrastructure to include data and service networks. These projects operate through blockchain-based coordination and impact physical infrastructure like servers and sensors. DePIN projects consist of two-sided marketplaces, with demand and supply sides. On the supply side, improvements in utility token design and decreasing cost curves are driving more diverse participation in hosting infrastructure. On the demand side, improvements in usability, privacy & security, and the explosion of data generation are increasing the viability of DePIN businesses. These advancements are making DePIN projects more accessible and attractive to a wider range of users and providers.