DePIN could become the next big use case for Web3… and lead to an influx of cryptocurrencies

It has been analyzed that DePIN (Decentralized Physical Infrastructure Network) will be the next big use case for Web3.
On the 5th (local time), Web3 investment company MV Global (MV
Global said in the report that "DePIN will be the next big use case for Web3, bringing many new users into the cryptocurrency space."
The report said DePIN's applications range from digital storage to the energy market, providing important use cases for the technology.
MV Global said, "Hundreds of thousands of users using multiple separate protocols have accelerated real-world adoption. This is not just a problem for current Web3 users, but also for those migrating from Web2."
"This is just the beginning of a huge growth for our users," said DePIN, who is also a leader in integrating real-world infrastructure and systems such as communications networks, data storage, and energy markets.
It is a blockchain protocol that aims to decentralize blockchain. According to MV Global, the ecosystem currently consists of more than 1,000 projects with a total market capitalization of 50 billion yen.
DePIN leverages token incentives and on-chain governance to reduce the network’s resource-intensive “cold”
"The DePIN project clearly demonstrates that cryptocurrencies can be used to solve real-world problems," said MV Global.
"We can solve this problem," he said. Among communication protocols, projects like Helium, which focuses on mobile networks, have huge potential for growth, according to the report.
They are replacing costly existing infrastructure and crowdsourcing capital expenditures. New notable projects include Destra.network, Chi
Sensor networks include Dimo, Hivemapper, and Geodnet, which operate devices in physical space and collect valuable data.
New DePIN use cases include distributed energy storage solutions and energy marketplaces such as Daylight, EC3 and Entheos.