DePIN, the latest buzzword in decentralized space, has a vast potential to revolutionize real-world services. With a market cap of $20 billion and 650 new projects launched, DePIN is driving innovation in various sectors such as Wi-Fi, transportation, and energy. The rise of DePIN can be attributed to earlier blockchain platforms like IOTA and initiatives like Helium and Filecoin, which have expanded the scope of blockchain to physical devices and data storage solutions. As regulatory frameworks evolve, DePIN is expected to create a more harmonious relationship between technology providers, users, and governing bodies, promoting security, data sovereignty, and ethical standards.
