DePIN's Imperfect Present & Promising Future: A Deep Dive - Compound Writing

DePIN uses cryptocurrency rewards to incentivize participation in physical infrastructure networks, enabling them to be built from the “ground up” rather than the top down

DePIN (decentralized physical infrastructure) projects are blockchain-based networks where participants contribute resources in exchange for token rewards. These can be physical resource networks like cellular connectivity and energy distribution or virtual resource networks that provide access to computing power, bandwidth, and cloud storage.

When we think of networks attempting to solve real problems, DePIN is the most tangible vertical. Helium is the poster child for this and likely the only one which has found PMF so far, though there are obviously others building interesting infrastructure here. When Helium set out to build its network in 2013, it was specifically looking to solve t... See more