Vitalik Buterin called DePIN an old story in a new way
The whole market is waiting for the altseason, and many well-known people in the crypto industry are looking at different categories of altcoins. For example, Ethereum co-founder Vitalik Buterin asked the community about DePIN project tokens, and popular crypto blogger Lark Davis is eyeing AI.
The bull market is in full swing again — bitcoin (BTC) is updating absolute highs almost every day, Ethereum (ETH) is also showing positive dynamics, and many altcoins are rushing to ATH. Vitalik Buterin wondered what alternative tokens the natives could arrange in this market.
On the Warpcast social network, the Ethereum co-founder reflected on DePIN projects and their tokens. In his opinion, the newfangled name "DePIN" may hide the old "stuffing" — for example, StorJ or decentralized ubers. Buterin asked the opinion of the community about this category of projects:
"It seems as if all this has existed for decades, it just didn't take root and didn't fire. Are there any bullish prerequisites, why can it [DePIN] shoot now?"
The DePin (Decentralised Physical Infrastructure Networks) sector is a sector of decentralized physical infrastructure networks that are managed by small groups of people. Usually such projects exist through crowdfunding, and the work of networks is supported by donations in the crypt.
According to data for this March, the market capitalization of this segment has already reached $20 billion. More than 650 new projects have been launched in the DePIN sector, among which there are such familiar names as Filecoin (FIL), Render (RNDR), Helium (HNT) and many others.
