https://blog.foundershiphq.com/whats-missing-in-depin-two-depin-projects-to-watch-out-clxk4boy2000csyyvv9c46nga/
Decentralized: Sourced from many users, verified, incentivized, but not controlled by a central entity.
Physical Infra Network
Infra: It can be anything
That’s DePIN for you.
https://twitter.com/arulPrak_/status/1801602674938249402?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1801602674938249402|twgr^8d297200d8d9422ffd7ff69f1190c8c67025816c|twcon^s1_c10&ref_url=https://cdn.embedly.com/widgets/media.html?type=text2Fhtmlkey=a19fcc184b9711e1b4764040d3dc5c07schema=twitterurl=https3A//x.com/i/status/1801602674938249402image=
Reduced hardware costs and the scalability of cloud services have driven significant adoption of cloud computing. The market is expected to reach $947.3 billion by 2026.
Decreasing Storage Cost per GB: From $0.10 in 2013 to $0.015 in 2023.
(FLOPS: unit of measurement used to quantify the computing power of a computer or a processor)
The demand for computing power driven by AI and machine learning has skyrocketed
Data centers are sitting with idle capacities: They don’t know how their infra can be used in a decentralized world!