What is DePIN?

Decentralized Physical Infrastructure Networks, or DePIN, is a global movement that empowers and incentivizes citizens to build and improve on public infrastructure. DePINs are peer-to-peer networks with the potential to re-architect legacy industries like telecommunications, cloud computing and renewable energy by leveraging the power of collective collaboration uniquely enabled by public blockchains.

DePIN began with the emergence of Bitcoin-inspired peer-to-peer networks for file storage in 2014, followed by compute in 2017 and bandwidth in 2019. In order to bootstrap supply, these networks rewarded early contributors with outsized economics via programmatic token incentives for connecting hardware resources, often referred to as “mining".

Citizens everywhere are waking up to the value of sovereign infrastructure. In a world full of incompetent bureaucrats and untrustworthy institutions, DePIN is catalyzing a global transfer of wealth and power back to the communities who deserve it. As this new paradigm proliferates, trillions of dollars of value will shift from today’s centralized infrastructure monopolies into tomorrow’s decentralized infrastructure networks.

DePIN is an inevitable global movement.