DePINs are a new crypto trend that utilizes blockchain technology to build and operate real-world physical infrastructure and hardware networks in a permissionless, trustless and programmatic way. These networks incentivize supply-side participants to build the network by leveraging crypto-economic protocols, offering end-users more cost-effective and innovative services than traditional models. DePINs are the next evolution of the Internet of Things (IoT) for the Web3 ecosystem, enabling globally distributed individuals to collectively build, maintain and operate people-owned physical infrastructure networks without needing a single, centralized entity.
