The hot projects in the DePIN track and the development potential of decentralized physical infrastructure networks have sparked widespread discussions, but future success still needs to face challenges.
Author: CryptoLola / Source
Translation: Plain Blockchain
The discussion of the DePIN track has been very hot recently, and there are more and more ecological projects. Will DePIN set off a new round of hotspots?
DePIN (Decentralized Physical Infrastructure Networks) refers to a decentralized physical infrastructure network. Through blockchain technology and token rewards, it encourages individuals and companies around the world to build any physical infrastructure (WiFi, hard drive storage, batteries, etc.) in a decentralized manner to provide services to anyone. In simple terms, you can earn token rewards by sharing your excess resources such as computer hard drives and WiFi.
DePIN covers a wide range of industries, mainly including physical resource networks and digital resource networks.
DePIN track projects
I. What are the popular projects in DePIN?
1. Helium and Helium Mobile
Helium is a decentralized wireless network protocol that uses blockchain technology and token incentives to deploy wireless networks for users.
The decentralized network concept and the low threshold for hotspot devices have attracted a large number of users to participate. By the end of 2021, the total sales of Helium hotspot devices exceeded $250 million.
Helium has recently migrated to the Solana network. Its Helium Mobile business provides SIM cards and free trials for its mobile users through Solana Labs' Saga phone, attracting the attention of many new users.
Helium Mobile currently offers a $20 unlimited phone plan to US users, covering data, messaging, and calling services. Users who purchase this plan can receive NFTs and airdrop rewards of MOBILE tokens.
Helium is a decentralized wireless network protocol
How to play Helium?
Helium is a wireless network protocol that allows any user to earn rewards by sharing mobile hotspots, but it requires purchasing hardware devices. The current price of the hotspot is $249.
By purchasing the device and creating network resources, you can earn MOBILE token rewards as long as someone connects to your network. However, purchasing hardware devices may not be so friendly for domestic players. Not only is the purchase cycle long, but there may also be trouble during the shipping process.
Alternatively, holding MOBILE focuses on project development, but the current price of MOBILE fluctuates greatly, posing high risks.
Helium mobile hardware device hotspot
2. Internet of Things (IoT) IoTeX
IoTeX is a decentralized Internet of Things public chain dedicated to combining blockchain networks, trusted hardware, and edge computing to achieve a trustworthy interconnection of all things. Its mission is to build an interconnected world where everyone has their own data, devices, and identity.
With the power of blockchain, IoTeX will unleash the potential of smart devices/data and empower a new generation of real-world DApps and digital assets.
iotex.io builds products by connecting billions of physical facilities in the real world with Web3 infrastructure. Its ecosystem covers DeFi, NFT, DAO, Metaverse, DePIN, and other tracks.
How to play IoTeX?
The native token of the project is IOTX, which has been listed on platforms such as BN. Users can purchase IOTX to follow the project's development;
Or deploy projects in the IoTeX ecosystem, connect any smart device to any smart contract through w3bstream, and provide related services for the DePIN track.
IoTeX is a decentralized Internet of Things public chain
3. DIMO Network
DIMO Network is a car Internet of Things platform that allows drivers to collect and share vehicle data to earn DIMO tokens. Its team has completed a $9 million financing from institutions such as CoinFund.
DIMO Network currently connects more than 30,000 vehicles, and its revenue comes from vehicle data and user-provided paid data API services.
DIMO's current market value exceeds $96 million. Its token is DIMO, valued at $0.4. It is basically fully circulated on many DEX platforms. The price is currently fluctuating greatly. Users should be cautious when trading.
How to play DIMO?
After users download and register a DIMO account, they also need to purchase specified hardware devices, priced at $299. By linking the hardware device to the car and sharing vehicle driving data to generate tokens, it can be considered as earning money while driving.
DIMO encourages car owners to share driving data in exchange for DIMO tokens; in the future, all data will have value, and profits can be obtained by selling data.
DIMO Network is a car Internet of Things platform
4. Grass
Grass is a decentralized network capture platform that uses tokens to incentivize users to share idle, unused bandwidth and earn passive income without compromising personal privacy.
Grass plans to mobilize millions of home internet connections to capture and verify network data and incentivize users to use network data; the project has raised $3.5 million in seed funding and will build a decentralized artificial intelligence oracle.
Everyone can use Grass to sell their unused internet bandwidth.
Although there is a greater demand for IP addresses in certain geographical locations and may receive greater returns, all locations are welcome and can benefit. It allows verified companies to use idle bandwidth without accessing personal information, and all buyers are subject to review and monitoring to ensure that there is no abuse or illegal activities.
Grass uses up to 0.3% of the bandwidth and does not affect the user's internet speed, as it only works when you are not using the full bandwidth.
Grass mint page
How to play Grass?
Currently, the Grass project is still in the testing phase, and anyone can play. There is no need to purchase hardware devices, and anyone can participate.
After registering with Grass, install the Google plugin and click to connect to start mining. Early users may receive airdrop benefits.
DePIN is a decentralized physical infrastructure network that allows real physical devices to connect to the blockchain, and sharing resources can earn token rewards. At the same time, users can enjoy the value of personal data through data sharing and reprocessing. Personal data is no longer just staying on the platform, and everyone's browsing data on the network will be monetized.
II. Conclusion
Currently, DePIN has a certain level of popularity, and last week, DePIN track tokens experienced a certain degree of increase.
However, the development of new things requires a long process. Just like the Internet of Things has been called for so many years and has been constantly advancing and retreating, the development of DePIN will also face long-term challenges.
But when new things appear, it is beneficial to spend some time and pay attention. After all, blockchain is developing rapidly, and no one knows which is the best opportunity.
The above represents only personal opinions and does not constitute investment advice. I am CryptoLola, focusing on the crypto market and web3.
Source: https://medium.com/@jiangmeng53/what-is-depin-what-are-the-popular-projects-of-depin-0a26e369ce52
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