Cointime

Cointime

Download App
iOS & Android

DePIN: The Hammer of Implementation and the Breaker of Compliance - Are you ready for the upcoming DePIN SUMMER?

Validated Individual Expert

With the booming of ETFs, the BTC fervor of the US presidential election, the crypto market has gradually walk into the mainstream, the negative attitudes of the past are fading away. At the same time, the crypto industry is actively exploring a more robust path for expansion.

Compliance and rigid rationality have always been important reasons hindering the entry of the traditional world into the crypto market. With the development of the industry, the DePIN track is currently considered the most potential sector to break through the barriers between the traditional world and the on-chain world.

The DePIN concept is built on the foundation of the Internet of Things (IoT), with its core idea being to incentivize users to deploy and maintain hardware devices using virtual assets. It can be categorized into two main types:

Physical Resource Networks (PRN):

Incentivize participants to use location-based hardware to provide unique goods and services in the real world, such as WiFi (Wicrypt), 5G (Helium), geospatial data (Geodnet), energy data sharing (Powerpod), and meteorological data (SkyX).

Digital Resource Networks (DRN):

Incentivize participants to use hardware to provide digital resources in the physical infrastructure network, such as broadband networks, storage networks, and computing power networks. Representative projects in this category include Meson, Render Network, and Livepeer.

What sets DePIN apart from many traditional crypto tracks is its positive business flywheel. Most DePIN projects have the potential to deliver final services to the traditional world. For example, Helium can provide network services to end users, and sensor companies like Geodnet and SkyX can provide data to data buyers. These commercial buyers span industries such as photovoltaics, insurance, financial derivatives, agriculture, and more, with a market size in the trillions. Therefore, DePIN projects differentiate themselves from many other crypto projects by providing services to the real world and generating revenue to reward participating users, achieving co-building and win-win outcomes. Additionally, due to the involvement of manufacturing and logistics in physical networks, it has a positive driving effect on the industrial chain, which will significantly change people's perception of the lack of real value in the crypto market.

The DePIN track is likely to become a multiplier for the entire crypto market, ushering the industry into a more meaningful era of practical value, driving the upstream and downstream industries, and breaking through the compliance barriers of crypto.

Are you ready to start your DePIN journey at the upcoming DePIN Summer Carnival?

10,000$ worth of Devices tokens are waiting for you!

How generous are the rewards for this event?

The organizers, in collaboration with over ten high-quality DePIN projects, are offering a total of $10,000 worth of DePIN devices and token airdrops! The organizers will randomly select recipients among the candidates participating in this event through a lucky draw.

For more details, check event link:

https://x.com/SkyX_Network/status/1804046760421265473

How to participate?

Simply follow the official Twitter accounts of the participating projects and retweet the event tweets for a chance to win $10,000 worth of DePIN devices and tokens. Start your journey towards passive income!

Event time frame:

6/22 UTC 12:00 PM - 6/29 UTC 12:00 PM

List of participating projects in this event:

This event has invited 13 top DePIN projects to participate:

1.SKYX

SKYX is a decentralized distributed intelligent weather network that connects hardware devices to collect nanometer-level weather data. Through AI-powered large-scale modeling analysis, it provides accurate and standardized weather information to global users, aiming to create a new ecosystem for weather data infrastructure. Currently, its services cater to various industries such as photovoltaics, agriculture, disaster prevention, tourism, and transportation.

2.IoTeX

IoTeX is a modular Web3 infrastructure platform specifically designed for DePIN. It connects smart devices and real-world data to the blockchain.

3.GEODNET

GEODNET is a token-incentivized GNSS reference station network based on public blockchains. It utilizes hardware devices to monitor space weather, GNSS satellite clocks, and orbit signals. The collected data is used for centimeter-level accurate positioning in RTK and GNSS receivers.

4.OYSTER LAB

OYSTER LAB creates a decentralized digital economy through Universal Basic Smartphones (UBS). Each Universal Basic Smartphone comes with a unique Genesis NFT, and users have the opportunity to receive daily data dividends.

5.CUDIS

CUDIS is the first AI wearable DePIN product that supports data ownership. It is building a decentralized health platform that allows developers to build healthcare services and conduct research while enabling individuals to monetize their health data.

6.PINGO

PINGO serves as a medium for connecting idle computing power, effectively addressing resource fragmentation and idleness. Through AI, DePIN, and Decloud solutions, PINGO provides a powerful computing foundation for building AI models.

7.ROAM

ROAM is a fully decentralized mobile network that protects user privacy by combining private mobile networks with blockchain technology. Users can set up Roam nodes with coverage ranges of up to 10 square kilometers by applying for frequency licenses and ordering Roam kits.

8.POWERPOD

PowerPod is a blockchain-driven and economics-based shared electric vehicle charging network. It utilizes token incentives to decentralize and empower individuals and entities to establish community-driven charging networks, reshaping the landscape of traditional charging services.

9.MOON CHAIN

MOON CHAIN is a decentralized Internet of Things (IoT) network that uses blockchain technology to facilitate seamless and secure data exchange among IoT devices. It aims to improve data transaction efficiency and security in the IoT field and create a global low-power IoT network.

10.WICRYPT

Wicrypt is a decentralized internet access network that provides high-speed shared network data to individuals or communities through smart devices and customized rates, enabling convenient internet access for every user.

11.DMC

DMC is a decentralized multi-chain storage network that unlocks the potential of data. It utilizes the CYFS protocol, DSG protocol, and DMC protocol to provide a robust storage behavior incentive mechanism and capabilities for fast retrieval and large-scale data distribution.

12.OORT

OORT is a decentralized and verifiable cloud computing platform. By harnessing resources from data centers to smartphones globally, it aims to provide trustworthy artificial intelligence applications for humanity.

13.IAPRO

IAPRO is bringing an efficient experience of open dialogue and collaboration with AI agents to the blockchain. It strives to create a thriving ecosystem where knowledge sharing and cooperation are encouraged, and every contribution is valued.

Comments

All Comments

Recommended for you

  • Amin Haqshanas ·

    Bitcoin miner Core Scientific shifts to AI with 1.5GW data center push

    Core Scientific is converting its Pecos, Texas site into a high-density AI colocation hub, repurposing 300MW of mining capacity.

    Bitcoin miner Core Scientific shifts to AI with 1.5GW data center push
  • Brian Morrissey ·

    Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivot

    Acting US Attorney General Todd Blanche said developers will no longer be investigated or charged unless they knowingly help third parties commit crimes.

    Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivot

  • Bank of Japan Governor Kazuo Ueda: No Immediate Need for Rate Hike

    On April 28, Bank of Japan Governor Kazuo Ueda stated that there is currently no immediate need to raise interest rates. However, if the current supply shocks lead to secondary ripple effects, a rate hike may be necessary. (Jin Shi)

  • Central Political Bureau Meeting: Comprehensive Implementation of 'AI+' Initiative to Develop New Intelligent Economy and Improve AI Governance

    On April 28, the Central Political Bureau of the Communist Party of China held a meeting to analyze and study the current economic situation and economic work. The meeting emphasized the need to accelerate the construction of a modern industrial system and maintain a reasonable proportion of manufacturing. It called for deepening the construction of a unified national market and addressing 'involutionary' competition. The meeting also announced the comprehensive implementation of the 'AI+' initiative to develop a new intelligent economy and improve AI governance. Furthermore, it highlighted the need to deepen state-owned enterprise reform, systematically respond to external shocks and challenges, enhance the security of energy and resource guarantees, and address various uncertainties with the certainty of high-quality development. (Dongxin News Agency)

  • ByteDance, Zhiyu, and Alibaba Selected Among Top 10 AI Influencers by TIME

    On April 28, TIME announced its list of the '10 Most Influential AI Companies of 2026.' Unlike a simple comparison of model capabilities, this list emphasizes the comprehensive shaping power of companies in terms of industry, technological pathways, and social impact. The selected companies include ByteDance, Amazon, Zhiyu, OpenAI, Alphabet, Meta, Anthropic, Alibaba, Mistral, and Hugging Face. Among them, three are domestic companies: ByteDance, Zhiyu, and Alibaba. (Dongxin News Agency)

  • cointime子凡 ·

    a16z assessment: Stablecoins have become the underlying infrastructure of global finance.

    a16z assessment: Stablecoins have become the underlying infrastructure of global finance.

  • Arthur Hayes: More Concerned About Fed Nominee Waller's Comments on Balance Sheet Than Short-Term Interest Rates

    On April 28, BitMEX founder Arthur Hayes spoke about the Federal Reserve at the Bitcoin 2026 conference, stating, "When Kevin Waller was nominated as the Fed's SEC chairman, everyone started to panic because during his tenure as a Fed governor— I believe from the 2008 financial crisis until the current president— he has been very critical of the Fed's massive balance sheet. He has publicly stated that he believes the Fed's balance sheet is too large and that he needs to find ways to shrink it while also being able to lower interest rates. Now, if you have read my articles, you know that I am a firm advocate of the idea that the quantity of money is more important than its price. Therefore, I am more concerned about his comments on the balance sheet than the direction of short-term interest rates. So, if the market believes that due to Waller's actions at the Fed, the liquidity of dollars circulating in the system will decrease, then they will be bearish on Bitcoin and other risk assets. This is the discussion we see in the media about a hawkish Fed emerging after Waller takes over in May. Now, I don't think so. I believe that essentially the Fed will replace reserves, treasury bonds, and repos and put them into the commercial banking system, and they will do this with the help of new regulations concerning how banks hold assets on their balance sheets and how much capital they need to hold against those assets. Finally, I think the most important point to understand about what Waller will or will not do at the Fed is that he has a very substantial hard constraint, which is that he needs to work with Treasury's Scott Bessen to ensure that any actions he takes regarding the Fed's balance sheet do not impair Bessen's ability to sell billions and trillions of dollars in bonds.

  • SEC Chair: Reg GG Crypto to Allow Private Sector Token Sales Soon

    On April 28, U.S. SEC Chair Gary Gensler stated in an interview at the Bitcoin 2026 conference that the agency will continue to advance other exciting initiatives, such as truly allowing companies to conduct on-chain experiments, build tokenized securities, and trade on-chain within the United States. We plan to release innovative exemption regulations in the coming weeks. Additionally, we will permit the private sector to raise funds through on-chain token sales, which we refer to as 'Reg GG Crypto.' These initiatives are in preparation and will be launched soon. Currently, there is a bill titled the 'Clarity Act' under consideration in Congress. We do need Congress to provide regulations in this area. We are ready, willing, and able to explain their regulations and translate them into rules that people can rely on and pursue their innovative ideas. It is important to emphasize that this is happening domestically in the U.S., so they do not have to go overseas. This is the core idea that truly matters here.

  • SEC Chair Discusses Clarity Act: Codified Law Provides Greater Assurance for the Future

    On April 28, during the Bitcoin 2026 Conference, SEC Chair Gary Gensler spoke about the Clarity Act, stating that the U.S. Securities and Exchange Commission has considerable operational flexibility under the regulations. However, we are constrained by existing authorities, which, despite some amendments over the years, fundamentally remain rooted in the framework established in the 1930s. This is why having a piece of legislation is so important; it can shield future developments from adverse impacts, allowing us to leverage new authorities and the flexibility provided by the Act. We can collaborate with the Commodity Futures Trading Commission to coordinate and clarify definitions, and further develop from there. But again, nothing provides greater assurance for the future than codified law, coupled with sound judicial opinions that engrave the provisions of the law in stone through the mechanisms of the entire court system. Therefore, all of this is very important, but we are focused on efforts to simplify processes, enhance efficiency, and assist innovators in their endeavors, enabling them to operate with certainty rather than being stifled by those who jealously guard the existing ways of doing things. However, we must ensure that we remain at the forefront of innovation in the United States.

  • Meta Prepares to Withdraw Acquisition of Manus; Investors Including Tencent Plan to Cooperate

    On April 28, the Wall Street Journal reported, citing informed sources, that after the Office of Foreign Investment Security Review under China's National Development and Reform Commission made a legal decision to prohibit foreign investment in the Manus project, Meta is preparing to withdraw from the acquisition deal. According to sources, if Meta proceeds with the withdrawal process, several former Asian investors in Manus, including Tencent, Sequoia China, and ZhenFund, have planned to cooperate.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company