4 Potential Decentralized Physical Infrastructure Network (DePin) Projects: Hivemapper, Render, Helium, and IoTeX

4 potential DePin projects: Hivemapper, Render, Helium, and IoTeX.

The Decentralized Physical Infrastructure Network (DePin) is a physical equipment network that rewards participants with cryptocurrency, and has advantages in cost, scale, speed, and data availability. Prominent cryptocurrency influencer Louis has listed 4 representative DePin projects, believing that they have the opportunity to take off in the next bull market.

Hivemapper is a decentralized Google Maps where users are rewarded with HONEY tokens for driving. These map data are sold to companies like Fed-Ex, with the revenue flowing back to HONEY holders. Hivemapper has mapped 5% of global road maps in 6 months.

Render Network is a platform where users can rent out their idle GPUs in exchange for RNDR tokens. Render combines the hype of fundamentals and artificial intelligence. As artists and other creators spend more on rendering work, the fees paid to Render GPU suppliers grew 214% MoM and 151% YoY.

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Helium is a decentralized wireless network that recently migrated to Solana. Despite its tokens dropping over 97%, it currently has 400k active hotspots deployed. Recently, they announced sub-tokens IOT and MOBILE. IoTex is an infrastructure that aims to connect billions of physical devices to the blockchain for real-time data. They have built hardware like Pebble and Ucam to prove these initial designs.

DePin is an undervalued industry that is highly suitable for blockchain applications. Historically, these projects have performed well. With the emergence of highly scalable blockchains like Solana and L2, these projects have the opportunity to take off in the next bull market.

Reference: https://twitter.com/lou_markets/status/1678444524304224256

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