Deep Dive into DePIN Industry: Explore How GainFi Revolutionize Web3 Fitness
DePIN: Decentralizing Physical Infrastructure Networks
DePIN symbolizes the shift towards decentralized physical infrastructure networks, moving away from conventional centralized management. Through token incentives, DePIN motivates individuals to share personal resources, contributing to the development of a decentralized network. This encompasses areas such as storage space, communication bandwidth, cloud computing, and energy.
DePIN exemplifies how blockchain technology seamlessly integrates into the real world, presenting one of the most effective solutions. Specifically, DePIN can provide immutable records for product provenance in supply chain management. This ensures products remain authentic and transparent from their creation to delivery. Take energy industry as an example. Blockchain facilitates peer-to-peer (P2P) energy trading within energy distribution networks. By allowing homes equipped with solar panels to sell surplus energy to neighboring households, it decentralizes and democratizes access to energy resources.
According to the authoritative research agency MessariCrypto, the valuation of the DePIN sector was approximately $9 billion in 2023. By 2028, it is expected to grow to a scale of $3.5 trillion. The unprecedented growth in the DePIN sector is driven by several key factors: the development of Web3 infrastructure, the explosion of AI-driven technology, the limitations of monopolistic centralized industries, and the rapid expansion and refinement of the Web3 narrative. At its core, DePIN is about resource integration: token incentives encourage users to share resources, ensuring efficient allocation to those in need, while reducing waste and opacity in resource distribution.
The Remarkable Applications of DePIN
The Render Network, cloud computing industry
The Render Network stands out by offering unparalleled decentralized GPU computing power, essential for advanced 3D content creation. Established in 2017, it marks a significant leap as the initial decentralized platform dedicated to GPU rendering, facilitating artists to dynamically expand their GPU rendering projects on-demand across a global network of high-performance GPU Nodes.
By harnessing a blockchain-powered marketplace for underutilized GPU compute resources, the Render Network not only supports a broad spectrum of computational tasks, from elementary movie rendering to complex AI, but does so with remarkable efficiency and reliability. This peer-to-peer network guarantees secure property rights and enables artists to execute next-generation rendering tasks at significantly reduced costs and at speeds much faster than those offered by conventional centralized GPU cloud services.
Filecoin, storage network industry
Filecoin stands as the world’s largest decentralized storage network, setting a new standard against traditional Web2 giants like Google Drive. With its support for open data services based on IPFS, Filecoin’s initial focus was on storage. However, its vision has expanded to encompass a comprehensive infrastructure for storing, distributing, and transforming data. In March 2023, Filecoin introduced the Filecoin Virtual Machine (FVM), bringing Ethereum-like smart contracts to its ecosystem and broadening the scope of services within the Filecoin blockchain space. The early adoption of liquidity staking services and micro-payments via FVM were pivotal. Today, Filecoin supports four key functionalities: storage, retrieval, computation, and virtual machines. The traditional centralized internet structure faces numerous issues, including data privacy breaches, single points of failure, and the risk of information tampering.
io.net, cloud computing industry
io.net stands out in the cloud computing industry as a decentralized application that leverages the power of DAOs to offer cost-effective, optimally allocated, and reliable computing resources. As a Layer 2 project on the Solana blockchain, it specializes in developing, executing, and scaling ML applications. By harnessing over a million GPUs to create the world’s largest GPU cluster, io.net sources underutilized computing power from independent data centers, crypto miners, and blockchain projects like Filecoin and Render. This approach not only solves significant computing challenges but also significantly drives down costs.
Differentiating itself from platforms like The Render Network, io.net focuses on the AI domain, optimizing AI/ML workflows through four core functions: batch inference and model serving, parallel training, parallel hyperparameter tuning, and reinforcement learning. These functionalities streamline the deployment of ML models, enhance the efficiency of training and tuning processes, and support advanced distributed reinforcement learning workloads with simple, accessible APIs.
Hivemapper, mapping network industry
Hivemapper is a global decentralized mapping network aimed at addressing the issues of monopoly pricing, uneven coverage, and uncompensated user-generated content within the mapping industry. Contributors can earn HONEY tokens as rewards by installing Hivemapper dashcams to capture high-quality street images. Additionally, they have the opportunity to enhance Hivemapper’s machine learning models and earn token rewards by participating in the Map AI Trainer game. Consumers can access mapping data by exchanging tokens, ensuring that all ecosystem participants benefit from the network.
Addressing the Deficiency of Fitness in DePIN: The Market Transformation by GainFi
According to Ryze Labs’ research findings, the top 10 DePIN projects are predominantly centralized within the ICT sector, mirroring the historical development trajectory of Web2, where advancements in ICT catalyzed transformations and integrations across various industries. Despite the current applications of DePIN in fields such as noise pollution monitoring, energy, smart homes, street mapping, agriculture, and flight tracking, the domain of sports and fitness remains largely untapped, representing a significant market void.
Combining AI-enhanced computer vision with the incentivization mechanisms of Web3, GainFi is at the forefront of innovating and revolutionizing the fitness platform landscape.
Physical Tracker
GainFi is a decentralized physical tracker designed to securely store users’ fitness and health data in a privacy-protecting and decentralized manner. This approach not only addresses the issues of inconvenient data migration and the risk of privacy breaches but also saves users a significant amount of money. By downloading the GainFi mobile app on their smartphones, users can enjoy fitness analysis and intelligent recommendations powered by large-scale models, courtesy of the GainFi physical tracker.
Fitness Industry
GainFi is a play-to-earn Web3 app in the sports and fitness domain, where users can verify the accuracy of their movements under the scrutiny of AI’s large-scale models via the GainFi App. It encourages consistent fitness engagement through a reward model and tribe model. Persistent and active community members in the GainFi ecosystem can also earn NFTs. This innovative approach addresses three major challenges faced by users: the lack of proper fitness instruction, a lack of motivation for fitness, and the absence of a supportive fitness environment and community.
RWA
In the future, GainFi aims to expand its real-world application (RWA) footprint in the sports domain by collaborating with gyms and sports organizations.
About GainFi
GainFi is an AI-Enhanced fitness Dapp that seamlessly integrates gamification, staking & restaking, and DePIN. Our mission is to inspire 1 billion people towards healthy habits.
Launched in February 2024, GainFi addresses the significant gap in fitness education and motivation. Our founding team, with extensive expertise in AI, machine learning, cryptography, and kinesiology, builds upon the success of a previous SocialFi venture from a renowned crypto exchange platform.
