DePIN aka Decentralized Physical Infrastructure networks typically leverage crypto token incentives to scale physical infrastructure. At Protocol VC we’ve invested in 16 DePIN projects and the Protocol Labs Network has incubated several more in addition to launching Filecoin as a DePIN network. We believe DePIN’s core disruptive potential lies in its ability to decentralize contributions to projects, effectively eliminating resource constraints surrounding capital & human resources at the company-level and increasing the diversity of data collection. In this article we call out several trends we see for the next cycle in DePIN https://lnkd.in/e_Se4Mup
Strong belief in DePIN value proposition! Especially, when it adds us humans back in the loop for modern technological advancements
Marketing Manager of Innovation @ BD
4wOffice hours question for you: would you consider Try Your Best (TYB) a DePIN company? Ty Haney (from Outdoor Voices) is building the company to be a Web3 community rewards platform where fans complete challenges to unlock rewards from their favorite brands. This info then informs brand marketing strategy, NPD, etc. Just curious because I'd seen it around on social media!