Web3 is a new way to break the circle, taking stock of 10 potential stocks in the DePIN track

Original | Odaily

Author | Husband How

Recently, the surge in Honey and Mobile has driven the heat of the entire DePIN sector.

The full name of DePIN is Decentralised Physical Infrastructure Networks, that is, decentralization entity infrastructure networks, which include two aspects: (1) physical resource networks, including wireless networks, 5G networks, Internet of Things networks, image and mapping networks, and mobile networks; (2) digital resource networks, including bandwidth networks, storage and computing networks, etc.

DePIN essentially carries out the process of tokenizing the above two aspects, attracting users to participate in the form of Token incentives, thereby improving the utilization of idle resources and providing services to network users and users in need.

Most of the projects in the DePIN track are familiar to everyone, such as FIL and Arweave in the storage track. These projects are usually at the lower level of the infrastructure track. Just like the original intent-centric, after being given a new name by well-known institutions such as Paradigm, the plate rotation was opened, which detonated the Token price of the projects associated with it.

In addition to the projects that have skyrocketed recently, what are the other treasure projects in the DePIN sector?Odaily has screened 10 potential stocks.

WiFi Map

Founded in 2014, WiFi Map is a WiFi hotspot location and connectivity platform with over 450 million free WiFi hotspots, added by its community.

At present, it is based on a mobile app, with features such as eSIM, offline maps, WiFi finder, VPN, and Wallet. WiFi Map participates in the operation of the WiFi Map project by providing a network of WiFi hotspots with its own limitations, and receives Token WIFI rewards based on the corresponding indicators. Users can purchase WiFi Tokens to use the corresponding network services they provide, thus achieving a positive rise of the entire Decentralization WiFi. Up to now, according to the official website, there are 170 million users in more than 200 countries.

According to CoinGecko data, WiFi Map has a circulating Market Cap of $16.51 million, and the Token price is 0.19 USDT, with a Token price increase of up to 1000% in the past 30 days.

Hivemapper

Hivemapper is a global street mapping project, participants collect data by purchasing Hivemapper’s dash cam, collect data and then map streets, the reason for the early emergence of the circle is the concept of X to Earn. Hivemapper provides participants with the ability to earn Token HONEY rewards by linking the dashcam and the car into a “Mining Rig”. However, after the concept of DePIN came out of the circle, it was defined as one of the representatives of the physical resource network in the DePIN plate.

At present, the total distance traveled is 100 million kilometers, with more than 32,000 participants and more than 1,500 regions.

According to CoinGecko data, Hivemapper has a circulating market cap of $68.78 million, and the Token price is 0.16 USDT, with the Token price increasing by up to 800% in the past 30 days.

ICE NET

ICE NET is a Zero-Knowledge Proof-based Decentralization Web Privacy Infrastructure that aims to provide a reliable and efficient privacy-preserving web system for all users. ICE NET uses Zero-Knowledge Proofs (ZK-SNARKs) technology and an innovative network protocol, ISN-Protocol, to ensure that all user information is protected with depth during Internet access.

The ICE NET ecological matrix includes the hybrid network Node service platform ICE-Shield PlatNet, the integrated web browser ICE Explorer, and the high-performance privacy public chain ICE-Shield Chain.

The total supply of ICE Tokens is 1 billion, and the distribution of ICE Tokens is Community Incentive: 90%; Marketing Incentive: 5%; Team Incentive: 5%.

ICE-Shield Network has introduced a mechanism called “Use to earn”, which aims to reward Nodes and ordinary users who actively participate in network services. The mechanism encourages users to use ICE-Shield Network’s privacy services and earn rewards by providing a Proof of Use (POU). Non-fungible tokens purchased by users have different levels of privacy protection attributes, and the higher the level, the more rewards they receive in the “Use to earn” mechanism. ICE Tokens play a role in rewards and governance throughout the process, and users and Nodes participate in the governance of the ecosystem by holding ICE Tokens. This design aims to attract more users and Nodes to participate, and promote the safe, private and fair development of ICE-Shield Network.

ICE NET provides users with VPN services with its own decentralization privacy network to help users conduct online activities without traces and protect users’ privacy. At present, the number of ICE NET downloads is as high as 590,000, and the ICE NET Dividend Pool currently has 603,600 USDT, which will be used for Token empowerment in the future.

Geodnet

Geodnet collects real-time geospatial data of the Earth and the atmosphere through a new rooftop space weather station to provide high-precision location services, including RTK, PPP, PPP-RTK, and more. GEOD Token is earned through mining and staking. For tri-band Mining Rigs, satellite mining rigs will receive up to 48 GEOD Tokens per day (up to 24 GEOD Tokens per day for dual-band Mining Rigs). Halving the reward on June 30 of each year.

There are currently 3,400 participants in nearly 1,800 cities.

According to CoinGecko data, Geodnet has a circulating Market Cap of $13.66 million, and the Token price is 0.15 USDT, with the Token price increasing by up to 200% in the past 30 days.

DIMO

DIMO is a Decentralization Software and Hardware Internet of Things (IoT) platform that allows users to create verified vehicle data streams to share privately with applications, which allows users to negotiate better services such as car financing and insurance.

**DIMO is essentially the decentralization of the native data of cars and users that only car manufacturers can control, so as to collect and sell relevant data for profit. **Currently, the TSL brand can participate directly with the app, and other brands of cars need to purchase $299 worth of hardware equipment to enjoy the right to Drive to earn.

According to CoinGecko data, the Market Cap of DIMO is $77.14 million, the Token price is 0.39 USDT, and the Token price has increased by up to 550% in the past 30 days.

Crust Network

Crust Network is a Decentralization Cloud Storage Provider, Crust supports multiple storage layer protocols such as FIL, opening up instant access to on-chain storage capabilities to users. Crust’s technology stack is also capable of supporting data manipulation and computation. Crust Network has three main functions: Non-fungible Token and Metaverse Metadata Storage, Personal File Storage, and Website/dApp Hosting.

Crust uses a trustless and low-cost TEE-based technology, MPoW, for verifying and managing storage resources. Crust has created an on-chain storage marketplace called DSM (Decentralization Storage Marketplace). With DSM, users can easily upload files and place storage orders in the network in just 1-2 minutes. To maintain file availability, up to 50 copies are stored in the network. In addition. Crust provides a storage guarantee pool for custom or permanent storage of high-value files such as Non-fungible Token Metadata.

According to CoinGecko data, the circulating market cap of CRU is $43.59 million, and the token price is 1.4 USDT, with the Token price increasing by up to 251% in the past 30 days.

Render

The Render Network provides a Decentralization GPU-based rendering solution designed to connect users who need rendering jobs and those who have idle GPUs for processing. Owners connect their GPUs to the Render Network to receive and complete render jobs using OctaneRender. Users send RNDR to individuals performing rendering work, while OTTOY charges a small percentage of RNDR as transaction facilitation and running the Render Network.

**Render, as the leader of the rendering track, performed very well in the last round of Bull Market, with a maximum increase of nearly 200 times. Render has recently risen nearly 50% with DePIN’s sector and is currently ranked 51st in the Market Cap. If the DePIN track requires a multi-directional layout, the REND Token is also a good choice. **

According to CoinGecko data, the CRU circulating Market Cap is $1.763 billion, and the Token price is 4.71 USDT, with the Token price increasing by up to 50% in the past 30 days.

Bittensor

Bittensor is an Open Source protocol focused on AI and machine learning. It provides a Decentralization, Scalable Neural Network solution. The protocol allows Bittensor models to perform data learning and value transfer with other AI models, breaking down the barriers of AI information silos.

TAO is Bittensor’s Token with a total supply of 21, 000, 000 using a Bitcoin-like Token Economics model. TAO Token’s Consensus Mechanism is Proof of Intelligence, a vast network that supports machine learning and Decentralization AI Mining. TAO Token still has Halving cycle, and it is not expected to be fully available until 2213.

Bittensor’s first product is Chattensor, an AI chatbot. As an Open Source protocol, Bittensor aims to power Blockchain-based machine learning networks. It builds a Decentralization, Trustless Network by collaboratively training machine learning models and rewarding them for their contributions to overall information. This network not only allows users to access information, but also adapts to user needs, creating an open and transparent AI marketplace.

According to CoinGecko data, Bittensor has a circulating Market Cap of $1.552 billion, and the Token price is 260.88 USDT, with the Token price increasing by up to 30% in the past 30 days.

**Bittensor currently involves sectors such as DePIN and AI, which are currently hot, ranking 53rd in the overall Market Cap, and has risen nearly 13 times since its issuance. **

The Graph

The Graph is a protocol for indexing and querying Blockchain data. Anyone can build and publish an open API called a subgraph to make the data easily accessible. The Graph analyzes and collects Blockchain data and stores it into various indexes, known as subgraphs, allowing any application to send queries to its protocol and get an immediate response.

The Graph’s native Token is GRT, which is used to ensure the integrity of data stored in its network. Whether an indexer, curator, or delegator, any user must stake GRT when performing their role and receive fees from the network.

According to CoinGecko data, The Graph has a circulating Market Cap of $1.789 billion, and the Token price is 0.19 USDT, with the Token price increasing by up to 29% in the past 30 days.

IoTeX

IoTeX is an EVM-compatible public blockchain founded in 2017 with the aim of building a trusted IoT ecosystem. As an Open Source project in Silicon Valley, IoTeX is committed to creating a privacy-centric, high-performance Blockchain platform.

IoTeX is committed to building a trusted computing and application platform by combining Blockchain, trusted hardware, and Edge Computing. The platform provides a Decentralization DApp network (e.g., Cyclone, Mimo), smart devices (e.g., UCam, Pebble), services (e.g., ioPay, ioTube), and digital assets for the Internet of Things to provide value to users.

IoTeX’s goal is to build an ecosystem that enables trusted interconnection of everything and leverages Blockchain technology to connect the world. By ensuring data security and user privacy, IoTeX is committed to driving the development of a trusted Internet of Things that supports secure interactions between humans and machines.

IoTeX also launched the DePIN Liquidity Center, with founding members including several projects in the DePIN space: GEODNET, DIMO, XNET, Drop Wireless, WiFi Map, Wicrypt. The DePIN Liquidity Center broadens the ecosystem by sharing IoTeX’s technology, capital, and resources to enable collaboration within the industry. This can prove its position in the DePIN sector to a certain extent.

According to CoinGecko data, IoTeX has a circulating Market Cap of $489 million, and the Token price is 0.05 USDT, with the Token price increasing by up to 300% in the past 30 days.