DePIN (Decentralized Physical Infrastructure Networks) is one of the decentralized physical infrastructure networks more often used in the crypto world. This technology enables projects to offer more efficient, secure, and transparent services. Four potential DePIN crypto projects are mandatory to monitor.
Read CRYPTONEWSLAND onRender Network
Render Network is a decentralized marketplace that enables buyers and sellers to get graphics rendering services and solutions at a fair price by utilizing computing capacities. Render Network was started in the year 2017 by Jules Urbach.
It intends to harness a network of idle computers around the world to render the graphics through the distribution of the rendering load for creators and designers to access computers to rent at cheaper prices within shorter durations.
RNDR token is utilized as a financial tool for paying for rendering services and engagement across the Render Network. Specifically, the RNDR token has a market capitalization of about $3.22 billion, ranking 35th in terms of market cap.
AIOZ Network
AIOZ Network is a decentralized content distribution DePIN project that allows users to host and access digital content such as videos, music, and images. AIOZ Network was founded in 2021 by Erman Tjiputra. Simply, it leverages Blockchain in an attempt to provide safe and efficient means of content dissemination.
The current trend on decentralized platforms allows independent authors to obtain better compensation and deal with less dependency on monopolistic distribution services that take a significant portion of sales. In the AIOZ Network, tokens called AIOZ tokens are used for the settlement of transactions on the network; content developers can be paid by consumers directly on the network with no middlemen. The AIOZ token has a market capitalization of $671 million, ranking it 128 among cryptocurrencies.
Akash Network
Akash Network is a novel DePIN project aimed at delivering cloud computing right from the existing computing node that is available on a particular network for sale and available for purchase by any other user on the network. Akash Network is a company established in 2018 and is headed by Greg Osuri. It is also cheaper and more flexible for the developers who can host applications on this new platform compared to the service-based cloud services.
The Akash Network makes sure this aspect is transparent to guarantee that computing services are fairly distributed and not monopolized. In the Akash Network, users can pay for services with AKT tokens as a means of transacting the network in which computing service providers may lease their resources to other customers. At the moment, the AKT token is available for $ 0.169366 as well as has $ 981 million of the market capitalization.
Filecoin
The first introduction of Filecoin was in 2017 by the founder of the Protocol Lab Juan Benet. In simple terms, Filecoin enables users to request their data and retrieve or manage the data from a network that is well protected from hackers. The idea also seeks to minimize the reliance on centralized storage service providers which are costly and have a high likelihood of failure.
Additionally, Filecoin will allow users to get the desired storage services that are cheaper, more reliable, and decentralized. The foundation of Filecoin is based on the fact that users of the network can send transactions in FIL tokens for data storage and retrieval. Users receive incentives in kind in this case FIL for storing information from the storage providers. FIL coin has a market capitalization of $3.05 billion and is ranked 38th.
Render Network, AIOZ Network, Akash Network, and Filecoin are key players in the decentralized physical infrastructure networks (DePIN) movement. They offer cost-effective graphics rendering, decentralized content distribution, affordable cloud computing, and secure storage, respectively, advancing decentralized infrastructure.
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