Day 155: What’s missing in DePIN? Two DePIN projects to watch out!
The DePIN:
Decentralized: Sourced from many users, verified, incentivized, but not controlled by a central entity.
Physical Infra Network
Infra: It can be anything
That’s DePIN for you.
Why is DePIN Timing Now?
- Elon thinks computing for DePIN? 👇
2. Cloud usage will spike like anything!
Reduced hardware costs and the scalability of cloud services have driven significant adoption of cloud computing. The market is expected to reach $947.3 billion by 2026.
3. The cost of storage has plummeted significantly.
Decreasing Storage Cost per GB: From $0.10 in 2013 to $0.015 in 2023.
4. The price-performance of GPUs, with the cost per FLOPS decreasing from $100 in 2013 to $15 in 2023.
(FLOPS: unit of measurement used to quantify the computing power of a computer or a processor)
5. AI is driving the need for computing resources and GPUs.
The demand for computing power driven by AI and machine learning has skyrocketed
6. With the proliferation of IoT devices, Edge computing has gained traction. The edge computing market is projected to grow from $3.6 billion in 2020 to $15.7 billion by 2025
Data centers are sitting with idle capacities: They don’t know how their infra can be used in a decentralized world!
10 million physical servers globally that are currently not in use. This represents around $30 billion worth of idle capacity. Source — A report by Anthesis Group in collaboration with Stanford University and TSO Logic
7. Data Ownership & Security Concerns
8. With the widespread adoption of generative AI across billions of users globally, concerns over data privacy and security have increased, driving user interest in decentralized alternatives
The convergence of all of the above is opening the greenfield for DePIN.
Read more on https://blog.foundershiphq.com/whats-missing-in-depin-two-depin-projects-to-watch-out-clxk4boy2000csyyvv9c46nga/
I wrote this DePIN thought paper on Foundership's official Blog post.
You are most welcome to share your comments and queries on this post.
