DePINs is an acronym for Decentralized Physical Infrastructure Networks. It is a term that connotes projects developing blockchain-based management systems for real-world facilities like marketplaces for computing power and real-world data.
DePINs use incentivization systems powered by cryptocurrency to build a reward-based system for providers of crowd-sourced physical infrastructural services while promoting decentralized alternatives for known traditional facilities.
The DePIN concept has a versatile scope and stretches through a handful of vital operational systems in industrial and everyday aspects.
LayerAI is building a DePIN focused on AI, utilizing Data Economy App and LayerVPN as nodes, and applied to various industries. The LayerAI's DePIN is hosted on our native blockchain network, built with Polygon CDK.