DePIN, or Decentralized Physical Infrastructure Networks, is gaining traction in the Web3 industry, promising to leverage blockchain, Internet of Things, and physical infrastructure for the common good of participants and, ideally, the world at large. In this interview, Raullen Chai, Co-founder of IoTeX, discusses the current state of the DePIN landscape and how DePIN is blurring the lines between the digital and physical realms. The blockchain layer acts as a composability medium for data and networks, as it’s critical for token settlement, reward distribution, and data exchange. DePIN is expected to be one of the biggest trends in the near future, providing much broader access and governance to participants and allowing individuals and companies to build and deliver services while earning financial benefits and ownership shares through token incentives in global marketplaces 24/7.
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