Source: Coindesk.com
The first wave of DePIN initiatives, around 2019, focused on digital infrastructure, but now we're seeing other types of networks emerging (DePIN stands for decentralized physical infrastructure networks). Projects centered on data or service networks are becoming more common. Ultimately, I classify DePINs as those that 1) use blockchain-based, decentralized coordination to operate infrastructure and 2) rely on or impact physical
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Source: Coindesk.com