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DePIN: It’s Time for Crypto to Get Real

Now, let’s consider the other part of the equation. A crypto token can live off the hype, memes, and sheer unhinged speculation we know Web3 for. A DePIN can’t. In our case, it needs weather companies, researchers, and anyone else willing to buy the temperature data we collect. In other cases, it’s devices using its IoT connectivity network, or drivers looking for charging spots; the gist is, DePINs need real-world demand for their real-world service. They must push beyond the Web3 echochamber and, often enough, even compete with Web2 rivals.

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