DePIN: Building decentralized physical infrastructure through Crypto Assets incentives

robot
Abstract generation in progress

DePIN: An Emerging Technology Connecting the Physical and Digital Worlds

Decentralized Physical Infrastructure Networks (DePIN) is an emerging technological paradigm that coordinates and incentivizes network participants through cryptocurrency reward mechanisms, enabling autonomous operation of physical hardware devices. This innovative model aims to build democratized technological solutions to challenge or even replace traditional centralized technology products.

The core concept of DePIN is to leverage blockchain and IoT technologies to create, operate, and maintain infrastructure in the real world. It attracts participants to contribute necessary hardware resources to the network by offering cryptocurrency rewards. This model not only improves asset utilization but also reduces costs, bringing tangible benefits to users and businesses.

As early as 2019, the Helium project launched a decentralized wireless network, pioneering the concept of DePIN. Subsequently, numerous projects emerged, covering various fields from 5G mobile networks to air quality data collection. Recently, the emergence of a certain GPU computing power platform has further elevated this concept, as the platform aims to integrate idle GPU resources globally, providing affordable computing power rental services for AI startups and game developers.

The Operation Mechanism of DePIN

The operation of DePIN is based on the Internet of Things, achieving process automation by connecting multiple physical objects. A typical DePIN network usually includes the following key elements:

  1. Hardware devices: These are the specific components that connect the physical world to the network, such as hotspots for wireless networks, hard disk space for storage, or idle GPUs.

  2. Hardware operators: Users responsible for purchasing or leasing hardware and connecting it to the corresponding network.

  3. Token System: Provides cryptocurrency rewards for hardware operators for specific projects, with each token having its unique economic characteristics.

  4. End users: A group that utilizes infrastructure services supported by network hardware, who may prefer to choose DePIN projects over traditional service providers.

For ordinary investors, the threshold for participating in DePIN may seem relatively high. However, in addition to directly investing and trading related tokens, they can also indirectly participate by purchasing NFTs that represent physical devices, which provides investors with a simpler way to obtain returns.

DePIN has become a narrative in crypto, how can ordinary people participate?

The Rise of Decentralized GPU Networks

With the rapid development of AI technology, the demand for machine learning computing power is increasing day by day. Traditional cloud service providers often face restrictions such as high costs, cumbersome KYC processes, and long-term contracts. To address this, a decentralized GPU network has emerged, aiming to provide a more flexible and economical computing power solution for machine learning applications.

This innovative platform integrates multiple resources such as independent data centers, crypto miners, and consumers' idle GPUs to build a massive network with over 1 million GPUs. Compared to traditional cloud services, this platform not only significantly reduces costs but also shortens deployment time from several weeks to under 90 seconds, greatly improving efficiency.

The target user group of this platform includes all individuals and businesses looking to create or operate machine learning models or AI applications. Given the booming development of "no-code tools" and user-friendly model creation platforms, this market has enormous potential.

DePIN has already become a narrative in crypto, how can ordinary people participate?

Simplified Participation: GPU Worker NFT

To lower the participation threshold for ordinary users in DePIN, a certain brand has launched an innovative GPU worker NFT product. This NFT represents ownership of a physical GPU device, allowing users to participate in the decentralized GPU network without the need to personally purchase and deploy hardware.

Each GPU worker NFT corresponds to a specific model of high-performance GPU, such as the NVIDIA A100 graphics card. NFT holders can obtain transaction rights, participation rights, and profit rights related to the device, providing an easy and convenient way for users without a technical background to participate.

This innovative model of "DePIN as a Service" aims to lower the participation threshold and attract more users into the DePIN ecosystem. Currently, multiple rounds of GPU worker NFT products have been launched, with a total value exceeding $7 million, reflecting the market's enthusiastic response to this emerging field.

With the continuous development and improvement of DePIN technology, it is expected to become an important force driving the further expansion of the cryptocurrency ecosystem and injecting new vitality into the digital economy.

DePIN has become a narrative in cryptocurrency, how should ordinary people participate?

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
ZkSnarkervip
· 24m ago
well technically it's just uber for gpus but make it web3
Reply0
GasBanditvip
· 07-10 20:00
Relying solely on drawing BTC to feed the old investors?
View OriginalReply0
DaoResearchervip
· 07-10 20:00
According to the data predictions in section 3.2 of the white paper, there is a significant convergence bias in the ROI of DePIN, and it is recommended to first conduct fault tolerance experiments at the L2 sub-layer level.
View OriginalReply0
SellLowExpertvip
· 07-10 19:38
Want to trade, whatever falls; whatever looks, whatever explodes; the invincible Cut Loss King.
View OriginalReply0
MondayYoloFridayCryvip
· 07-10 19:37
Can this thing really make money?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)