DePIN - growing industry built on crypto

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I learned something new today:
DePIN stands for Decentralized Physical Infrastructure Networks. It's a new way to build and maintain infrastructure in the physical world. This "infrastructure" can be anything from WiFi hotspots in wireless networks to solar-powered home batteries in energy networks. DePINs are built out in a decentralized way, by individuals and companies all over the world, for anyone to use. In return, these contributors receive financial compensation and an ownership stake in the network they're building and the services they're providing (via token incentives). DePINs are made possible through widespread Internet connectivity and technological advancements in blockchain infrastructure and cryptography.
...
To give an example of this in action, consider Drife. Drife is a DePIN version of Uber. Drife works similarly to Uber, matching riders with drivers who own their vehicles and are willing to drive for money. Riders pay fiat and drivers receive ~100% of that fiat payment. However, since Drife is a decentralized protocol (and not one, centralized corporation), drivers receive the $DRF token in recognition of their contributions and can both suggest and vote on changes to the protocol and its rules ...

More:




^^ Some technical details, but the point of posting it here is that Solana (SOL) appears to be a leader in this emerging use case for crypto.
 
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Another article on DePIN:
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One of the promising themes of the current bull market cycle is decentralized physical infrastructure networks (DePINs), a novel approach to establishing a network that combines the core principles of decentralization and the token economy, central to blockchain technology, with the intent to create a more efficient, equitable and community-driven ecosystem.

To get an insider perspective on DePIN and the future of blockchain, Kitco Crypto spoke with Steven Waterhouse, co-founder and CEO of Orchid Labs, an open-sourced, decentralized marketplace for internet services that aims to provide the building blocks for a better, freer internet.
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More:

 
Theta Edge Node software (and the coming Edge Cloud) is another form of DePIN.

Short video gives an overview of the DePIN space:


Timestamps:
00:00 Intro
00:27 What is DePin?
01:56 Physical Resource Networks (PRNs)
02:24 Digital Resource Networks (DRNs)
04:01 Filecoin
04:23 Helium
04:40 Hivemapper
05:03 Fetch.Ai
05:30 DePins performance
06:27 DePin potential
07:20 Challenges
08:12 Future of DePin
08:57 Outro
 
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