The DePIN sector is experiencing rapid growth as large companies like Amazon Web Services, Google Cloud, and Cloudflare need to scale efficiently, according to a researcher who goes by the name Emperor Osmo.
A DePin Supercycle is upon us.
We are entering a golden age where Web3 projects significantly enhance the growth of Web2 platforms.
I’m betting on a protocol transcending these boundaries, igniting a Decentralized Cloud Revolution.🧵 pic.twitter.com/iwBswHKz9V
— Emperor Osmo🧪 (@Flowslikeosmo) June 30, 2024
According to Emperor Osmo, the growth of the field is facilitated by the rapid development of artificial intelligence, which he compared to the model of Internet distribution in the 90s.
Comparing the adoption rates of the internet, AI and cryptocurrencies. Data: X.
The researcher is betting on the “key” DePIN projects io.net (IO) and Aethir (ATH), which should capture the majority of the market:
DePIN’s success “will come down to network effects,” similar to the rise of traditional companies like Uber and Airbnb. Emperor Osmo highlighted several promising projects that have announced airdrops:
- io.net (IO) – fell 50% from its all-time high in July;
- APhone is a decentralized cloud smartphone that does not yet have a token;
- CARV is a modular data layer for AI and gaming, does not yet have a token;
- Delabs Games (GAME) – gaming protocol, the team is preparing for an airdrop;
- Zero1 is a decentralized artificial intelligence ecosystem that does not yet have a token;
- Rivalz Network (RIZ) is a first-level AI network, coin distribution is planned for the third quarter;
- Sophon (SOPH) is a zkSync-based blockchain, the team is preparing for an airdrop.
Altocoin Daily YouTube Channel Account shared a list of already launched DePIN tokens that are “must know in 2024”:
- RNDR (-1.8% for two weeks);
- FIL (-12%);
- ATH (+8.6%);
- THETA (+1.8%);
- GRT (-3.8%);
- TRAC (+10.9%);
- XCH (-10%);
- WMT (-8.5%).
According to CoinGeckoat the time of writing, the market cap of the DePIN direction is $23.3 billion.
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Source: Cryptocurrency
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