Decentralized physical infrastructure networks (DePINs) are expected to be a major application in the Web3 space, attracting new users to the crypto ecosystem, according to a report by MV Global. DePINs are blockchain-based protocols designed to decentralize real-world infrastructure and systems. The report estimates that the DePIN ecosystem is valued at over $50 billion and has the potential to address challenges in infrastructure. Adoption of DePINs is growing, with both existing Web3 enthusiasts and new users from Web 2 engaging with these protocols. DePIN projects aim to reduce costs and improve efficiency by utilizing token incentives and on-chain governance. The report highlights emerging DePIN projects in various sectors, including connectivity, sensors, and energy markets. The demand for decentralized data storage and computing protocols, particularly for AI applications, is projected to drive the market to $128 billion by 2028. Established players like Filecoin and Arweave are positioned to benefit from this growth. Overall, DePINs have the potential to significantly impact real-world infrastructure.



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