crypto pocket

Two offline events a day, full of publicity! ✅Theme: "Smart WEB3 DePIN Hardware Conference" / "web3 Developer Night" Explore web3 together 🚩Organizer: #MetaEvent @MetaEventx / #CryptoPocket @CryptoPocket415 ⏱️Time: 2024/10/17 📎Registration link: hdxu.cn/yObSz #Web3

Compute is the most mature, valuable, and competitive category in #DePIN . In private markets, GPU-focused DePIN projects have received twice as much funding as their storage-focused counterparts, and in liquidity markets, valuations are twice as high as storage networks.

In 2024, the world realizes the huge demand for digital goods from #AI. With a handful of tech giants vying for control of key AI resources, #DePIN is the only hope for the rest of the world to gain a leg up in this race.

#DePIN sensors are cheaper, more diverse, and more powerful than in the past. Now that the DePIN project has a strategy to reach more than 10,000 active nodes, contract manufacturers are willing to work with the founders to develop custom hardware.

From 2022 to 2024, #DePIN’s share of the cryptocurrency altcoin market capitalization grew 25-fold from 16% to 49% (DePIN excluding #AI grew from 15% to 48%).

Over the next decade, #DePIN will grow 100-1000x as the network wins market share from centralized players that offer slower, less reliable, and less dynamic service.

#DePIN itself is very flexible and can be applied in many fields, either as a system for managing various facilities or as a tool for building collaborative solutions through progressive incentives.

As we head into late 2024 and 2025, some developments to watch for the #DePIN project include: 1. Expansion into #AI 2. Multi-token ecosystem as seen in the Helium network 3. Expanding DePIN into trade finance

After the term #DePIN was coined, other projects that fit the definition were grouped together. Since then, DePIN projects have successfully created #decentralized alternatives to crowdsourced resources.

Depending on the type of data and resources generated on the network, the #DePIN network can serve as either a simple data collection and distribution network or a more advanced use case.

The #DePIN project uses #blockchain technology for two purposes - data management and the allocation of incentives. Using blockchain technology, they provide a "plug and play" system that supports the interconnection of independent infrastructures and allows them to communicate.

Although there are many mature solutions for cross-chain transactions, for the #DePIN project, achieving data interoperability between multiple chains will maximize the value of data.

The #DePIN project requires a specialized customized public chain with features such as data verification and openness to #AI use as its foundation.

The large number of devices deployed by #DePIN can obtain a large amount of raw data at a very low cost, and its decentralized distribution characteristics make the data more valuable and unique.

#Token economics, as the economic foundation of the data value network, is the key to whether the #DePIN project can run smoothly. The two mainstream ones are BME (burn and mint equilibrium) and SFA (stake for access).

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#DePINs business model contains an important feature: hardware revenue is used as the first growth curve, and the monetization of data services is superimposed on this basis to form the second growth curve.

We are very happy for @tlay_io participation. We will present you with an extremely exciting #DePIN live event. @MetaEventx #Web3

The increasing maturity of #DePIN will inevitably require long-term investment and operational development from the market, institutions and developers before it can gradually penetrate into people’s lives and applications.