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DePINs, or decentralized physical infrastructure networks, appear to be the natural progression of blockchain technology from Web3 to the real world. That exciting new trend started to emerge last year, and by 2024, demand for DePINs should only grow. This is because an increasing number of Web3 industry participants are realizing how DePIN can use crowdsourcing and decentralization to drive creative solutions across a range of traditional sectors. What is DePIN? Due to its unique features, blockchain technology has the potential to encourage innovation across many industries. One of the best things about blockchain protocols is their exceptional ability to support decentralized networks. This makes them ideal for powering decentralized physical infrastructure networks. Blockchains are an excellent foundation for physical peer-to-peer networks. The main purpose of blockchain technology was to enable these kinds of networks. After all, all Web3 networks are just networks of physically connected networked devices that are controlled by a set of rules that are defined and maintained by their blockchain protocol. The main difference is that whereas those networks usually focus solely on Web3, DePINs aim to facilitate apps that may address real-world use cases and go beyond crypto and DeFi. For example, a DePIN for electric cars might develop into a commercial delivery service or a decentralized car-sharing service. Alternatively, you can use DePIN infrastructure to oversee a decentralized network made up of tiny solar energy producers. Many in the Web3 community are enthused about decentralized physical infrastructure networks because of the almost limitless possibilities they offer. Top Depin Coins To Buy in 2024 Let's discuss some of the best DePIN crypto coins to look out for in 2024: 1. eTukTuk Token Symbol TUK Market Cap N/A 12-month Return N/A Maximum Supply 2 billion TUK eTukTuk is a cutting-edge new DePIN project that uses blockchain technology to accelerate the green energy revolution. The project's goal is to establish an electric vehicle (EV) charging station network throughout developing nations in Southeast Asia. The eTukTuk whitepaper states that the project will identify territory partners to provide funding for the installation of electric vehicle charging stations in urban areas and beside busy roads. Eventually, the green energy source will power these stations, completely removing them from the fossil fuel-based system. These charging stations accept the $TUK token as payment from EV drivers. Holders of $TUK tokens can also participate in power staking, which rewards them a portion of the charging network's earnings. eTukTuk intends to construct its electric tuk-tuk in the future. Because of its low price and compatibility with all eTukTuk charging stations, this new car will increase demand for the network. With over $2.1 million raised, eTukTuk's $TUK token is currently available for purchase during the presale. For a brief period, investors who purchase and stake $TUK during the presale can earn up to 156% APY. 2. Helium Network Token Symbol HNT Market Cap $1.1 billion 12-month Return 237.17% Maximum Supply 223,000,000 HNT Helium Network is an interesting DePIN crypto project, which is building a global decentralized network of WiFi hotspots. Over 980,000 hotspots have already been established globally. Anyone can sign up and become a hotspot provider, according to the concept of Helium Network. All you have to do to connect is to install one of the many hotspot devices in your home or place of business window. Helium Network rewards hotspot providers with $HNT tokens, which encourages users to join and expand the coverage network. A user's earnings in $NHT increase with the amount of data that passes through their hotspot. 3. Filecoin Token Symbol FIL Market Cap $4.9 billion 12-month Return 13.5% Maximum Supply N/A Filecoin is the largest of the various DePIN projects offering decentralized cloud solutions. The concept behind Filecoin is to make it possible for users to save content on many devices globally, providing complete file backup and censorship resistance. Filecoin is based on the InterPlanetary File System (IPFS), which is a decentralized file storage platform. To become a storage provider, anyone can donate processing power to the Filecoin network. At present, the project's market value exceeds $4.9 billion. Furthermore, Filecoin has integrated with Solana, expanding the number of projects that can use Filecoin's data storage service. This indicates that there is a steady increase in demand for Filecoin. 4. Theta Network Token Symbol THETA Market Cap $2.9 billion 12-month Return 69.9% Maximum Supply 1 billion THETA Theta Network is a decentralized computer resource network designed to provide video streaming. The aim is to provide lag-free, high-quality video to users worldwide. Theta Network provides an integrated digital rights management (DRM) system. Digital content producers can get paid royalties each time their videos are streamed. Theta Network's goal is to provide everyone with access to lag-free, high-quality video. In addition, Theta plans to introduce EdgeCloud, a service that offers "unlimited access to GPU processing power for any AI or video task." The core of Theta Network is the $THETA token, which also gives the project governance power. Its market value has increased by 70% in the last 12 months to around $2.9 billion. 5. Render Token Symbol RNDR Market Cap $4.1 billion 12-month Return 393% Maximum Supply 536,870,912 RNDR Render is a decentralized network of computers designed to pool GPU processing power. With Render, anyone can access GPU compute resources, allowing massive 3D projects to be rendered without requiring a significant investment in processing hardware. Since the rendering of 3D graphics is essential to any future development of the metaverse, Render has a lot of potential. Massive GPU power will be needed for a metaverse that is extensively used, and Render is ideally positioned to provide it. To utilize GPU computing, users must pay using the project's native $RNDR token. By paying GPU resource providers in $RNDR, a market for the token is created. Render keeps a portion of each transaction, creating a project treasury that can be utilized for token burns or future development. With a 400% rise over the last year, Render has emerged as one of the top DePIN tokens. Its market capitalization is at $4.1 billion. 6. Arweave Token Symbol AR Market Cap $2.3 billion 12-month Return 130.0% Maximum Supply 66 million AR Arweave is a decentralized blockchain-based storage solution that resembles Filecoin. Arweave charges customers an upfront price for permanent distributed data storage, while Filecoin users must pay continuing fees to store their data. To cover these costs, Arweave deposits fees into an endowment fund, which it later invests in to generate income. From this fund, it then uses $AR tokens to pay storage providers' annual costs. Arweave's goal is to generate more interest than it pays out, which is why the endowment fund is constantly increasing. 7. Hivemapper The goal of the collaborative, distributed mapping project Hivemapper is to take 4K images of every street on the planet. It's a big project that demonstrates how DePIN can be used to accomplish real-world goals. To enable drivers to install a dash cam on their car and begin driving, Hivemapper pays them in $HONEY tokens. A driver can earn more $HONEY by traveling on previously un-imaged roads and documenting them on film. There have now been more than 140 million kilometers mapped. With a $174 million market capitalization, $HONEY has increased its return by over 150% in the last year. We believe there is a lot of potential for growth with this innovative project. Conclusion DePINs are still in their early stages, but the range of practical uses they could make possible suggests that they have a lot of promise. Possible DePIN uses are identified by Web3 observers in the fields of broadband, telecommunications, energy, healthcare, and data storage. It's interesting to notice that this enormous variety results from one seemingly straightforward concept: maximizing crowdsourcing through the use of blockchain and Web3 technologies. But this shouldn't be shocking—after all, when individuals cooperate, they can accomplish almost anything. Related Topics What is tapswap? How to sell PI coin? How to Make money with PI coin?

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