New Trends in the Crypto Bull Market – Depin

Source: DODO Research

You must have heard the word depin a lot during this bull market. Even V God, the founder of Ethereum, posted an article in warpcast asking everyone "What is the most likely real depin?" What are the “DePIN” projects at work? ”

DePIN is the abbreviation of Decentralized Physical Infrastructure, which refers to projects that require hardware devices to deploy their decentralized networks. The projects that rent GPUs introduced by CryptoSnap last week are broadly defined. is also a type of Depin, and this week’s CryptoSnap Dr.DODO will introduce more Depin projects to let everyone know about it.

DePIN Surf Accelerator

Before introducing the project, let me introduce the accelerator program jointly established by IoTex, Foresight Venture and FutureMoney Group specifically for the Depin project. It provides the Depin project with financial help or media promotion resources. What's more important is to provide guidance on entrepreneurial experience. IoTex has been deeply involved in this field since the last bull market. Currently, the application deadline for the first phase of DepinSurf project is available. The four successful candidates are Ator Network, inferix GPU, Wayru Network and PowerPod. Projects will be introduced in detail below, and the second phase of applications is currently in full swing.

Ator Network

Before introducing ATOR, you must first introduce it What is TOR? The name TOR comes from the abbreviation of "The Onion Router". Through Tor, users can access an overlay network provided free of charge by global volunteers and including more than 7,500 relays, thereby hiding the user's real address. Avoid network monitoring and traffic analysis purposes.

ATOR was originally founded to promote more relays to contribute to the Tor network through economic incentives, and to provide $ATOR token incentives for Tor relay nodes to increase the number of relay nodes in the network to achieve higher However, due to the high proportion of ATOR relay nodes, it was boycotted by other Tor node groups and subsequently decided to be kicked out of the Tor network. Therefore, the ATOR team decided to start over and build its own ATOR network from scratch.

In general, ATOR aims to become a huge decentralized anonymous service ecosystem, allowing users to regain control over privacy and data, and to reward relay nodes through the token system to attract more people to join. , has achieved higher privacy. In order to reduce the difficulty of relay node operation, the ATOR team is launching a hardware relay exclusive to the ATOR network. Users only need to plug in the hardware and connect to the network to become a member of the relay node. .

Source: https://medium.com/@atorprotocol/february-development-review-08676a4fb1c5

inferix GPU

inferix GPU, just like its name, is also a Depin project for GPU computing power rental, designed to connect GPUs Computing resource demanders (such as developers, enterprises) and GPU providers realize the efficient utilization and allocation of GPU computing power. Through blockchain and Web3 technology, InferiX provides users with services to use GPU resources on demand, reducing the accuracy of Barriers to entry and costs.

InferiX has launched a GPU Function-as-a-Service (FaaS) model to provide acceleration for compute-intensive tasks such as 3D rendering, AI training and inference. Using InferiX, developers do not need to spend a lot of money to purchase expensive GPU equipment, but can obtain the computing power they need on demand on a decentralized infrastructure, significantly increasing rendering speed and optimizing real-time collaboration on complex projects.

Currently, InferiX is developing plug-ins for Blender, which will support various design software such as SketchUp and 3Ds Max and game engines such as Unity/Unreal Engine in the future.

Source: https://inferix.io/

Wayru Network< /h2>

Wayru Network is a decentralized wireless network designed to provide affordable and reliable internet access to everyone around the world. Using blockchain technology, the power of Internet access is transferred from the hands of a few large companies to the hands of ordinary people, allowing anyone to become a network operator and build a huge network of interconnected data transmission points by sharing Wi-Fi connections. To put it simply, Wayru Network encourages everyone to share their mobile network resources through token reward incentives, bringing the far-reaching Internet to those who have not been able to access it before, and using the power of the masses to break the tradition The hardware limitations of centralized companies create a fair and beneficial environment.

Not only does it provide cheaper and faster internet access, it also provides people with the opportunity to participate in this transparent network powered by the $Wayru token. Currently, the Wayru mobile app is open for downloading and use, but token incentives have not yet been enabled. In addition to enabling incentives, in the future, it will also cooperate with government and corporate Wi-Fi hotspots to achieve greater network coverage.

Source: https://twitter.com/wayrunetwork

PowerPod< /h2>

PowerPod is targeting the expansion of the electric car market in the future and the charging equipment network will become more and more important. Therefore, it is committed to building a decentralized electric vehicle charging network by integrating blockchain technology with electric vehicle charging. The combination redefines the charging experience.

Through community ownership and incentive mechanisms, PowerPod is deploying convenient and efficient charging stations everywhere to fill the charging gap and alleviate the range anxiety of electric vehicle users. Users can not only charge their electric vehicles conveniently, but also share their charging stations with others to earn extra income when the vehicle is idle.

PowerPod will launch its own hardware device in the future, allowing all users with tram charging stations to install their devices and connect to the PowerPod network to earn token incentives, while tram drivers can download PowerPod mobile phones Use the App to view the status of all charging stations in the network, thereby saving time and determining which charging station can provide services.

In early January 2024, PowerPod also announced that it had completed a 1M seed round of financing, led by Waterdrip Capital and participated by Iotex.

Source: https://www.powerpod.pro/

Author's opinion

The Depin project is very different from the DeFi project. It often pays more attention to how to expand users than the token model, and is more directly related to offline life scenarios. With the advantage of token incentives, the Web3 project attracts More users, but the first problem is how to promote it in the non-currency community. It is impossible to make everyone aware of it without spending a large amount of startup advertising funds. The second problem is how to combine token subsidies and project sustainability. Finding a balance in development is very important. Judging from the written word, the Depin project has huge potential in terms of narrative and market development. However, in terms of how to implement it, there are currently almost no projects that can be said to have successfully broken through the circle and allowed ordinary people to seamlessly use Web3 applications, let alone Not to mention being a node as a data supplier. Having said that, the potential of this track is still very huge. Just like Axie broke through in the last bull market and led the Crypto Game chain game project to break through the valuation ceiling. In this round of bull market, which project can break through and lead Depin to break through the entire track is very worthwhile. Follow and follow!