DePin
DePin stands for Decentralized Physical Infrastructure Network. It's about leveraging a system of rewards, paid out in tokens, to motivate people to pool resources like storage, bandwidth, computing power, and energy. The goal is to collaboratively create and sustain the backbone of the network, making it a collective effort.
AI provides computing power and forms intelligent network application scenarios, while blockchain/Web3 establishes order for AI (intelligent networks). However, is DePIN ready for this?
Aethir offers a groundbreaking yet highly feasible solution to tackle this complex global issue. Our network aggregates and intelligently reallocates new and idle GPUs from enterprises, data centers, cryptocurrency mining operations, and consumers.
Underpinned by blockchain technology, DePINs make all of this possible—at a time when the infrastructure powering the global economy is experiencing seismic change.
The article explores the application of Artificial Intelligence (AI) in the cryptocurrency field and the challenges it faces. It points out that while AI technology holds potential for innovation in cryptocurrencies, its practical application may be influenced by market competition and regulation. The article emphasizes that decentralization alone is not enough to provide a competitive advantage for AI products based on cryptocurrencies; they must also match centralized products in functionality. Additionally, the article suggests that the value of many AI tokens may be exaggerated, lacking sustainable demand-driving factors. Nevertheless, there are still widespread opportunities at the intersection of AI and cryptocurrencies, but the development and realization of these opportunities may take time.
This article dives into AIOZ Network, an advanced decentralized network integrating Depin, storage, and streaming functionalities. It explores its role as a leader in the Web3 artificial intelligence field and discovers its advantages in storage, AI computation, content delivery, and video on demand.
Explore the overall landscape of the Io.net project, from its features, technical architecture to an overview of token economics. This article also provides competitive analysis and market predictions, offering readers a deep understanding and assessment of the project's opportunities. io.net is poised to shine in the promising AI computing market, backed not only by a skilled technical team but also by strong support from renowned entities such as Multicoin Capital, Solana Ventures, OKX Ventures, Aptos Labs, Delphi Digital, and others.
DePIN has garnered significant attention, evolving from a concept introduced by Messari in Q1 2023 to witnessing a surge in several DePIN projects in Q4 2023, making it one of the most prominent sectors in the 2024 new bull market cycle. Despite its popularity, the industry's skepticism towards new concepts persists, with Vitalik's inquiries representing the main backdrop questions for practitioners entering this field.
DePIN completes the bonding of real-world entities and the world on the chain from the bottom to top: almost all DePIN projects related to automobiles are supported by income from reality. Token economics serves as a tool and product to impel the flywheel, organically combining with the inherent system.
DePIN is one of Solana's key user growth strategies, with the potential for widespread adoption similar to DeFi, gaming, and social properties. This article provides a detailed overview of typical cases in the market and their extensive impact on blockchain.
DePIN is an abbreviation for Decentralized Physical Infrastructure, referring to projects that require hardware devices to deploy their decentralized networks. IoTex, along with Foresight Venture and FutureMoney Group, established the DePIN Surf Accelerator, providing projects with financial support, media promotion, and entrepreneurial experience. This includes Ator Network, InferiX GPU, Wayru Network, and PowerPod, all of which leverage blockchain technology to allow the general public to participate in network operations and earn incomes. InferiX provides accelerated computing services, Wayru Network provides wireless network services, and PowerPod builds a decentralized electric vehicle charging network. Unlike DeFi projects, DePIN places more emphasis on expanding user base, but balancing token subsidies with sustainable project development is a challenge. This track has tremendous potential and is worth paying attention to.
Delve into the background of the OORT track, project operation logic, and more, to glimpse the project's prospects and the opportunities and challenges for the AI+DePIN track in 2024.
This article reviews the process of IoT devices generating data, storing data, and rolling up to the blockchain. It also introduces the DePIN infrastructure platform, which can help project teams quickly launch DePIN application projects. DePIN utilizes blockchain for incentive distribution and token allocation, requiring the use of public-private keys to generate and verify physical proof of work. To prevent Sybil attacks, DePIN device manufacturers monopolize the generation authority of identity information and expose malicious behavior through social consensus. DePHY provides DID authentication services to ensure the credibility of data sources. DePHY also provides a co-processor to listen to finalized messages on the message network and perform state transitions. Both DePHY and IoTeX choose to collect data off-chain and then roll up to the chain, with DePHY focusing on decentralized data availability layers and IoTeX emphasizing binding handlers to different events.
Last year, the narrative of DePIN ignited the trend of Helium (Mobile). Although DePIN seemed unremarkable during the “Bitcoin Bull Market,” it still brought surprises to the cryptocurrency industry. At the recent ETHDenver 2024 conference, DePIN was listed as a hot track, and now the success of io.net has once again stirred up the DePIN narrative.