"DePIN will become the global standard for deploying physical infrastructure, coordinating human resources, and generating billions in passive income while at the same time providing easy access and lower cost for the users." - Álvaro Gracia, partner at Borderless Capital.
"DePIN refers to physical infrastructure networks built using blockchain technology and token incentives which other projects can use without having to buy and run their own equipment."
"One of the more prevalent DePIN areas is decentralized wireless networks, such as Helium, which incentivizes users to provide connectivity through hotspots through its native token HNT."
As of April this year, the top 10 DePIN projects had raised more than $1 billion combined, according to a report by Crypto.com.
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