DeFi has unlocked financial assets, and DePIN is unlocking the liquidity of physical resources. I recently looked into institutional views on the DePIN sector, and actually, a16z wrote an article in March titled "Why DePIN matters, and how to make it work." "DePIN has the opportunity to bring about innovations similar to DeFi for on-chain finance, changing the structure of traditional infrastructure industries such as energy, telecommunications, and transportation." Currently, there aren't many tokens in the DePIN sector. Besides the ICN mentioned by the writer, the more familiar ones are $RENDER, $ATH, $HNT, $GRASS, and $AR. Previously, I also paid attention to projects like @Peaq, @gaib_ai, and @weRoamxyz, each having their own interesting aspects. ---- 💡 Messari data: @Charlie_DePIN: The DePIN sector has seen the most mindshare growth in the past month. 💡 @0xNairolf also shared an interesting statistic today via the Kaito dashboard: DePIN mindshare grew by 50% in the past 7 days. It seems the English-speaking community has started to pay attention 👀 ICN @ICN_Protocol's COO Christian Kaul has been a business partner with Kai for many years, collaborating for at least 10 years, and has a good background in financing. The overall sector is still quite early, let's see which project can emerge first.