Solana Gets Physical With DePIN on Bankless

A Decentralized Physical Infrastructure Network (DePIN) is any sufficiently decentralized network that uses cryptography and mechanism design to ensure a client can request physical services from a set of providers — breaking the natural monopoly and providing the benefits of competition.

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

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