Beyond the trillion-dollar hype, is decentralized infrastructure ready to power the world?
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto.
Decentralized Physical Infrastructure Networks (DePIN) has become one of the crypto industry’s darlings, among the fastest-growing sectors in web3. According to the World Economic Forum’s (WEF) Technology Convergence Report, DePIN is set to snowball from its current ~$30 billion valuation to a seismic $3.5 trillion by 2028.
That’s an increase of approximately 11,576% (just ask ChatGPT).
On paper, DePIN is certainly a heavyweight. But is it ready to go round-to-round and actually power the world?
Understanding the DePIN landscape today
The magic of DePIN lies in making physical infrastructure (think bandwidth, cloud storage, smart cars, and microgrids) community-owned and open for anyone to contribute. Regular people...