DePIN is Booming

Proof of Coverage

Co-hosts Connor and Mahesh discuss the rapidly evolving world of DePIN and the broader implications for the crypto sector. They discuss whether they should be concerned about the proliferation of projects labeling themselves as DePIN and whether it's time to create more specific subcategories within the sector.

Connor shares insights from a recent real-world DePIN event hosted by IoTeX, highlighting the excitement and attendance that reflects the growing interest in this space. They explore the current landscape, noting that while the number of projects is booming, the quality of founders entering the space is becoming more varied. This shift is reminiscent of the early days of DeFi, where the barrier to entry lowered, leading to a surge of new projects.

They also touch on the importance of maintaining a big tent approach for the DePIN community, allowing for inclusivity and self-definition among founders. As DePIN transitions from subculture to pop culture, they recognize the need for a unified term like DePIN to attract attention and investment.

The conversation shifts to the physical versus digital aspects of DePIN projects, with a debate on the merits of hardware-based solutions versus software-centric models. They agree that both have their advantages and that the future will likely see a blend of both approaches.

Finally, they discuss the upcoming election and its potential impact on the crypto landscape. While there are concerns about the political climate, they remain optimistic about the future of DePIN and crypto as a whole, emphasizing the importance of innovation and community support.

00:00 - Introduction

00:26 - Sponsor Message: Polygon Labs

00:45 - The Boom of DePIN

02:08 - Quality and Quantity in DePIN Projects

03:34 - DePIN’s Transition from Subculture to Pop Culture

04:05 - IoTeX's Real World DePIN Event

05:30 - DePIN Terminology

07:56 - The Big Tent Philosophy10:03 - Physical vs. Digital DePIN

15:07 - Market Dynamics and Token Launches

16:10 - Election Concerns and Market Impact

17:32 - Political Predictions and Crypto

20:52 - The Future of Governance and Crypto