Will 2024 be the year when DePIN reaches maturity?

Will 2024 be the year when DePIN reaches maturity?

Decentralized physical infrastructure networks, also known as DePINs, will undoubtedly play a significant role in the near future. As concerns about the management of AI systems continue to rise, their influence will only expand. It's high time we all become familiar with this topic and start discussing it more openly.

A growing vertical in blockchain technology

A Growing Blockchain Vertical DePINs are the future of physical infrastructure coordination. With blockchain-powered networks and token incentives, it democratizes access to essential resources like energy, compute, wireless connectivity, and AI. Over 750 DePINventures are already serving an array of use cases on various blockchains, with a market cap of almost $56 billion. It's time to embrace DePINs and revolutionize how we access and operate physical infrastructure.

That figure's value is insignificant compared to the immense potential that DePIN holds for the future. According to a recent report by Messari, which presents the current status of DePIN, the technology has numerous advantages over the centralized infrastructures it aims to replace. These advantages include community-driven capital expenditure, reduced administrative overheads due to on-chain settlement, and a flourishing culture of experimentation and innovation.

According to Messari's researchers, the DePIN flywheel has the potential to contribute more than $10 trillion to the global GDP within the next decade, with a whopping $100 trillion in the following decade. This is a bold statement, given that the current crypto market cap is just over $2 trillion. However, it's important to note that DePIN revenues are not based on speculation but on utility, which makes it easy to see the enormous potential of this technology.

To put it simply, the majority of individuals invest in cryptocurrency with the aim of making a profit. However, those participating in DePIN are rewarded for lending their computing resources. This results in a more concrete value exchange and less risk involved. Additionally, there is a selfless aspect to DePIN as contributors work towards improving public infrastructure for the betterment of society.

The DePIN project Helium is making waves with its peer-to-peer wireless network. It incentivizes contributors to become node operators by deploying Helium hotspot devices and extending the network's coverage. With a valuation of$1.2 billionand a whopping $370 million raised over eight funding rounds, Helium is owned and operated by community members. In December, it added over 20,000 new subscribers, solidifying its position as a major player in the wireless network space.

DePIN has many use cases, one of which is decentralized wireless, or DeWi. But that's not all. Decentralized computing is another promising application of DePIN, as exemplified by Akash Network and Spheron Network. The logistics sector also benefits from DePIN technology, as evidenced by HEALE. According to Messari researchers, it is highly likely that in the next two decades, DePIN will have a corresponding application for every industry.

Exploring the Revolutionary World of Computing and DePINs

DePINs will significantly impact spatial computing, an umbrella term for human-computer interactions in the real world rather than through a screen. Using AR/MR technologies, spatial computing combines physical and virtual experiences. Additionally, it allows machines, such as robots, drones, and industrial equipment, to gather sensor data and learn about their physical surroundings to recognize patterns, optimize, and automate human processes.

The era of spatial computing has finally arrived, and Apple's Vision Pro headset clearly indicates that. With the ability to blend digital content with the physical world, this device has the potential to revolutionize every industry, from aerospace and healthcare to manufacturing and construction. And, even though Apple may be focusing on consumer hardware, the possibilities for spatial computing are limitless.

The blockchain ecosystem has developed various exchanges and market makers, making setting up international reward networks incredibly effortless. The traditional banking ecosystem would have made this task very arduous, but with smart contracts and wallets, it has become a hassle-free process.

If you spend any time in crypto, you'll undoubtedly come across the phrase, "We're still early." This maxim is equally applicable to DePIN initiatives like Helium, which have the potential to fundamentally transform the way critical infrastructure is managed and accessed by the general public.

Spheron Network

Spheron is a web3 infrastructure platform that provides tools and services to decentralize cloud storage and computing, allowing audited data centers to join the Spheron marketplace. The decentralized and governed nature of the infrastructure, overseen by Spheron, ensures permissionless access and heightened security for all users. Spheron Compute offers a feature-rich alternative to traditional cloud services at only one-third of the cost.

Spheron offers aCompute Marketplace, which allows users to set up valuable tools quickly and easily, whether they want to deploy databases, nodes, tools, or AI. With Spheron, you don't have to worry about the technical stuff, and you can focus on deploying your Node with ease. Spheron Network has also partnered with organizations likeShardeum,Avail,Elixir,Filecoin,Arbitrum, etc, to redefine access to it and promote a more decentralized, inclusive, and community-centric ecosystem.

Spheron provides features such as Private images, Auto-scale instances, Scale on demand, Real-time instance metrics, Faster GPUs, Free Bandwidths, Terraform Providers and SDKs, Instance health checks, activity, shell access, and more. Spheron provides add-on storage solutions for long-term data storage and edge bandwidth acceleration through its global CDN. With Spheron, you can easily set up your nodes in just a few minutes and enjoy low maintenance and operations costs and a great developer experience.

How does Spheron Network contribute to the DePIN ecosystem?

Spheron's latest offering, node-as-a-service, has gained traction among businesses and individuals. This feature allows users to deploy and manage their DePIN nodes easily without extensive technical knowledge or infrastructure. By providing a simple and accessible way to engage with the Spheron network, node-as-a-service fuels a surge in demand and reshapes the DePIN space.

Since its inception, Spheron has been obsessed with simplifying Web3 for everyone. Unlike other solutions that leave newcomers floundering in a sea of complexity, Spheron believes in empowerment through intuitive, simple, yet powerful design. Shardeum and Avail serve as prime examples of this demand-driven approach. Their immense popularity has created a significant need for reliable and scalable validator nodes, a gap that Spheron's NaaS offering perfectly fills.

Before Spheron came into the picture, many organizations made strides in accessibility but still possess a learning curve. Spheron cuts through the jargon and technical intricacies, offering a streamlined, effortless core experience. This allows users to focus on what truly matters: participating in different Web3 ecosystems and contributing. Focusing on projects with real traction and user bases drives organic growth and adoption within the DePIN ecosystem.

Future Plans and Visions

Spheron's is actively working towards opening its platform to the wider community. They will soon launch their own chain, which will be entirely open-source, allowing individuals to participate in securing and powering the network. This inclusivity will further propel demand and empower more players to contribute. In light of these developments, Spheron encourages the community to stay updated on its progress through social media channels. Interested individuals can follow Spheron on Twitter, where the latest news, updates, and announcements are regularly shared.

For those eager to get involved, Spheron also provides a hands-on opportunity. Inviting to deploy users to their first validator node with the assistance of their Telegram bot. This allows individuals to participate in the network actively and aligns with Spheron's mission of fostering a more decentralized and community-driven DePIN ecosystem.

The results already speak for themselves. Spheron is already generating more monthly revenue than many other established DePIN projects in the market, demonstrating its approach's viability and value proposition. Currently, ~80% of traffic coming to Akash Network is from Spheron Network.

Last year, DePIN projects added over 600,000 nodes across wireless, compute, and sensor networks, and it's time to acknowledge that this is not just another Web3 trend. It's already happening, and we can no longer ignore the disruption it will bring. As with all exponential technologies such as spatial computing, AI, and blockchain, it's only a matter of time before DePIN projects become ubiquitous. The best advice is to prepare accordingly to avoid being left behind.