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Cryptocurrency News Articles
DePIN Projects Reshaping Industries as They Connect Real-World Assets to the Decentralized Web
Oct 22, 2024 at 12:56 pm
The concept of Decentralized Physical Infrastructure Networks (DePIN) is gaining serious traction as we head into October. DePIN projects are reshaping industries by connecting real-world assets to the decentralized web.
As we head into October, keep an eye on these three DePIN projects
The concept of Decentralized Physical Infrastructure Networks (DePIN) has been gaining serious traction throughout the year, and as we head into October, it's showing no signs of slowing down. DePIN projects are reshaping industries by connecting real-world assets to the decentralized web, allowing users to engage in protocols that blend physical infrastructure with blockchain technology.
While many platforms are building out this space, three stand out as ones to watch this month.
1. Script Network ($SCPT): The Web3 TV Giant Ready to Soar
If you're a fan of decentralized entertainment or simply looking for the next big Web3 project, then Script Network ($SCPT) should be on your radar this October. The Web3 TV giant has been capturing headlines with its revolutionary Watch-to-Earn protocol, offering users free access to TV while earning rewards. Now with 600,000 users on its platform and broadcasting across 300 million devices worldwide, Script Network is poised to take the DePIN space by storm.
What makes Script Network unique is its vision to merge decentralized infrastructure with mass-scale media consumption. As the Web3 entertainment industry matures, Script Network’s live streaming services and decentralized content distribution marketplace will play a pivotal role. This October, keep an eye on $SCPT, especially as its utility token ($SPAY) grows more integral to its diverse ecosystem.
With the recent mainnet launch in October, Script Network is expected to scale even further, potentially challenging larger competitors like Theta Network. As demand for decentralized streaming continues to rise, $SCPT could redefine the way we consume media by leveraging blockchain technology to secure, distribute, and reward.
You can buy SCPT here: http://token.script.tv/buy-scpt
2. Helium ($HNT): Decentralized Wireless Infrastructure at Scale
When it comes to decentralized wireless infrastructure, Helium ($HNT) has been a pioneer in the DePIN space since 2019. The project has created a decentralized wireless network powered by IoT (Internet of Things) devices. The Helium network incentivizes users to host hotspots, providing coverage in exchange for HNT tokens. The project has seen significant growth, with thousands of nodes and partnerships expanding across the globe.
In October, Helium continues to make strides as it focuses on scaling its infrastructure to support even more IoT applications and 5G coverage. With its focus on decentralized connectivity, Helium is carving out its own niche in DePIN by connecting millions of devices without the need for traditional telecom infrastructure. As the demand for smart city solutions and decentralized communication continues to expand, Helium remains a key player to watch.
3. Render ($RNDR): Powering Decentralized GPU Infrastructure
Finally, no discussion of DePIN projects would be complete without mentioning Render ($RNDR). The project is making waves as a top project in the DePIN space, providing decentralized GPU rendering power to creators across the globe. With the increasing demand for high-quality 3D graphics, visual effects, and virtual experiences in industries like gaming, VR, and AI, Render taps into the underutilized GPU resources of global users, rewarding them with RNDR tokens in return.
Ranked within the top 75 market cap projects on CoinMarketCap, Render's decentralized approach offers a cost-effective solution to traditional centralized rendering services. October could be a pivotal month for the project as the demand for digital content surges, and Render's decentralized infrastructure continues to grow. By leveraging blockchain to optimize GPU resources, Render is well-positioned to disrupt industries reliant on intensive computing power.
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