Why DePIN matters, and how to make it work

When anyone with an Internet connection, anywhere in the world, can propose new ways to organize and coordinate the physical systems that run our world, brilliant and creative people can invent better solutions than exist today.

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.