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Unpacking DEPIN: Types of Decentralized Physical Infrastructure Networks and Innovative Projects

As Web3 grows and becomes the part of humans’ daily lives, it needs physical infrastructure. Decentralized finance, crypto, NFTs – all these are cute and important for the Web3 economy to expand, but things do need hard, real-world stuff to run on. This is what is the term “decentralized physical infrastructure” (DePIN) seeks to capture. Think of it as the intersection of crypto, blockchain technology and real-world infrastructure.