During the Hong Kong Web3 Carnival in April 2024, UWEB and JDI Global officially released the highly anticipated “2024 DePIN Development Report”, which delves into the revolutionary role of Distributed Physical Infrastructure Network (DePIN) in the digital economy and its future trends.
The report indicates that the future prospects of DePIN are promising, with the market size expected to reach $3.5 trillion by 2028, playing an increasingly important role in the development of global infrastructure networks. DePIN combines physical infrastructure with blockchain technology and promotes innovation and development in the digital economy by incentivizing individuals and businesses to participate in network construction. DePIN has a wide range of applications, including distributed storage, wireless networks, content delivery networks (CDN), and artificial intelligence computing, showcasing its immense potential in promoting technological innovation and improving industry efficiency.
As the culmination of the value internet and the Internet of Things, DePIN is becoming the new engine for the development of the digital economy. By combining blockchain technology and token incentive mechanisms, DePIN encourages individuals and businesses to participate in the construction and management of infrastructure networks, thus promoting the establishment of a more flexible, efficient, and democratic ecosystem.
The report emphasizes the wide-ranging potential applications of DePIN in distributed storage, wireless networks, content delivery, and artificial intelligence computing. Whether it is the innovative data storage of Filecoin and Arweave, the breakthroughs in wireless network coverage by Helium and MetaBlox, the emergence of new projects like Meson and CESS, or the current hottest application cases of AI+DePIN, they all provide solid infrastructure support for the digital transformation of various industries.
Although DePIN faces challenges in terms of technological maturity, standardization, security, privacy protection, and compliance, the report emphasizes that these difficulties can be overcome through industry collaboration, technical standardization, and international dialogue.
The report concludes that DePIN is not only a product of technological innovation but also a key factor in promoting social progress and sustainable economic development. With the continuous maturity and popularization of DePIN concepts and technologies, it is expected to stimulate more infrastructure innovation and reform on a global scale, laying a solid foundation for building a more interconnected, efficient, and fair future world.
About Uweb
Uweb (University of Web3) is a specialized high-end education institution for Web3.0, co-founded by Dr. Yu Jianing, the former president of Huoda Education, and other well-known experts. Based in Hong Kong and with a global impact, Uweb has accumulated six years of knowledge and has an alumni network of top industry professionals and acclaimed teachers. We provide the most in-depth and forward-looking industry insights and analysis for participants in the digital asset market.
In 2024, Uweb will focus on the DePIN track. In late March of this year, Uweb Waterdrip Capital initiated “Deep in Labs” and is currently recruiting DePIN track projects to participate in the Demo Day event. We specialize in the DePIN and AI-related fields, covering comprehensive services from in-depth industry research to project incubation and investment, and are committed to promoting the global development of the DePIN ecosystem.
About JDI Global
JDI Global is a leader in the Web3 infrastructure field, with its subsidiaries JDI Ventures and JDI Hardware Manufacturing Services. JDI Ventures manages $200 million in assets and invests in top blockchain DePIN projects. JDI Hardware’s flagship product, Bobcat Miner, has shipped over 240,000 hotspots worldwide and leads the Helium ecosystem. Subsidiary Hashdog develops innovative hardware solutions connecting vehicles and the Internet of Things. JDI Global is dedicated to shaping the future of Web3 infrastructure technology and promoting progress in the digital economy.
