DePINs: The Next Big Thing in Crypto?

Crypto expert Meltem Demirors believes a new area of crypto, called decentralized physical infrastructure networks (DePINs), is about to explode. She thinks DePINs will give rise to dozens of multi-billion dollar companies in the future.

What are DePINs?

DePINs use blockchain technology to give individuals or companies control over physical infrastructure like internet access, data storage, and computing power in a decentralized way. This means that instead of relying on big companies, people can access these services directly through a network.

Bitcoin as a Blueprint

Demirors compares DePINs to Bitcoin. She says that Bitcoin’s success in creating a huge mining industry and several large companies shows how DePINs could develop.

“Bitcoin is the blueprint,” she says. “There will be dozens of multi-billion dollar protocols and companies across the DePIN stack.”

DePINs: The Future of Infrastructure?

Some of the biggest DePIN projects already include Render, Filecoin, The Graph, and Akash Network. These projects are just the beginning, and Demirors believes that DePINs have the potential to revolutionize the way we access and control physical infrastructure.

Important Note: This information is for general knowledge only and should not be considered investment advice. Always do your own research before investing in any cryptocurrency.