Skip links
A vibrant landscape merges futuristic cityscapes with DePIN project illustration, and Pathways intertwine with greenery, leading to minimalist decentralized nodes and diverse buildings.

5 Depin Projects to Watch in 2024: Unveiling the Future Innovations

The world of blockchain technology is rapidly expanding beyond financial applications. This year, a new frontier is emerging: Decentralized Physical Infrastructure Networks (DePIN). DePINs are revolutionizing traditional infrastructure by leveraging blockchain to create open, secure, and community-driven solutions. From wireless connectivity to data storage and transportation, DePINs are poised to disrupt established industries and empower users. In this article, we’ll explore some of the most exciting 5 DePIN projects to watch in 2024, diving into their innovative approaches and their potential to reshape how we interact with the physical world. 

What does DePIN stand for?

DePIN stands for Decentralized Physical Infrastructure Networks and introduces a novel approach to constructing and managing physical world infrastructure. This encompasses a broad spectrum of utilities, from WiFi access points within wireless networks to energy networks bolstered by solar-powered home batteries. 

DePINs are built and operated by a distributed network of individuals and organizations. Participants are encouraged to contribute resources, such as land, energy, or computing power, to the network through tokenized incentives, commonly in the form of cryptocurrencies. This promotes collaboration and gives infrastructure development a new perspective.

Here are the 5 DePIN projects to watch in 2024.

MapMetrics

MapMetrics is a drive-to-earn crypto navigation app utilizing web3 technology to improve your travel while protecting your privacy. This is one of the DePIN projects to watch in 2024.

Imagine earning rewards while you drive, contributing to real-time road data, and owning a piece of the information you contribute. That is the revolutionary strategy that the DePIN project MapMetrics is proposing to change the way we move and influence our surroundings.

DePIN, as we all know, represents a new wave of cooperative projects that use the power of the communities to develop infrastructure, such as roads and maps. In the case of MapMetrics, the community is centered around drivers. You can provide useful information on traffic, road conditions, and even sites of interest by utilizing the app while you navigate. This information powers a user-powered, real-time map that helps all people on the road. 

eTukTuk

eTukTuk is another DePIN project to watch in 2024, eTukTuk is an innovative project that aims to revolutionize the transportation sector in developing nations by introducing a sustainable and scalable network of three-wheel electric vehicles (EVs) and a DePIN of charging stations. 

The project’s whitepaper outlines the challenges faced by traditional internal combustion engine vehicles, such as tuk-tuks, which are a staple in many regions but contribute significantly to CO2 emissions. eTukTuk proposes a solution by developing affordable electric tuk-tuks and a network of charging stations, aiming to create a culture of innovation and integrity while empowering the masses.

eTukTuk’s approach involves various components, including Electric Vehicle Supply Equipment (EVSE), Zero-Emission Vehicles (ZEVs), and partnerships with territories to establish a sharing economy. The project also incorporates token economics to incentivize participation and growth within the ecosystem.

Wifi Map

WiFi Map is a super-app for lifestyle services and internet access, offering a full connection solution. It offers access to millions of WiFi hotspots in more than 200 countries and has a sizable network of over 170 million users. The software offers features including offline maps, eSIM data packages for international travel, and a secure VPN service for safe browsing to meet the connectivity demands of both locals and tourists.

One of the standout features of WiFi Map is its community-driven approach. Users can contribute to the ecosystem by adding new hotspots, verifying network quality, and testing internet speeds. In return, they earn $WIFI tokens, which can be used within the app for various perks like VPN access, offline maps, and even cashback on eSIM data purchases.

WiFi Map’s innovative ‘connect-to-earn’ model encourages active participation and growth of the network. It also provides a platform for users to trade $WIFI tokens on exchanges, further integrating the app into the digital economy.

With a focus on user experience, WiFi Map has garnered positive reviews for its ease of use and the convenience it offers. It’s a game-changer for those looking to stay connected without the worry of data overages or finding reliable internet access while on the go.

NOSANA

Nosana is emerging as a game-changer in the space of cloud computing, particularly within the artificial intelligence (AI) sector. This DePIN innovative platform is harnessing the power of the Solana blockchain to create a decentralized network that allows individuals and businesses to monetize their idle GPU resources. By becoming a Nosana Node, participants can contribute to a cost-effective GPU grid designed for AI inference workloads, with the added benefit of zero lock-in.

The Nosana ecosystem is powered by the $NOS token, which facilitates transactions within the network. This approach not only democratizes access to computational power but also addresses the pressing issue of GPU shortages in cloud infrastructures. Nosana’s model is particularly appealing because it supports most consumer hardware, making it an accessible option for a broad range of users looking to generate additional income.

At its core, Nosana is revolutionizing GPU cloud computing by providing companies with more accessible and affordable computing power for running AI. This positions Nosana as the first decentralized computation platform of its kind, leveraging the efficiency and speed of the Solana Network to deliver unparalleled service.

As AI continues to advance and integrate into various industries, platforms like Nosana will play a crucial role in ensuring that computational resources are available to those who need them, without the traditional barriers of centralized cloud services.

NuNet

Here is another DePIN project to watch in 2024, NuNet is a platform that is pioneering the concept of decentralized computing. It aims to create a global economy of decentralized computing by connecting latent computing power from a variety of devices owned by individuals around the world. This ecosystem is designed to be dynamic, where compute resources are individually rewarded through a tokenomic system based on the NuNet Utility Token (NTX).

The platform addresses the fragmented market of global computing, which is currently dominated by a few large infrastructure providers. These providers often lock users into their computing and data silos, controlling private data and raw data from IoT arrays. NuNet’s solution is to break down these silos and make cutting-edge AI and ML technologies more affordable and accessible, not just for large corporations but also for individuals, researchers, and SMEs.

NuNet is building open-source protocols, APIs, and blockchain integrations tailored to run complex geographically distributed computing workflows. This includes IoT implementations and various business cases, aiming to transform the multi-billion cloud computing industry. The platform allows software agents and their owners to search for and find the most fitting and accessible hardware resources, regardless of their size, location, and ownership.

An expansive view combines advanced urban structures with natural elements, under a colorful sky showing DePIN projects

Conclusion

The five DePIN projects highlighted in this article – MapMetrics, eTukTuk, WiFi Map, Nosana, and NuNet – each embody the spirit of innovation and collaboration that defines this expanding field. From revolutionizing navigation and transportation to democratizing access to computational resources, these projects are at the forefront of redefining how we interact with the physical and digital worlds.

MapMetrics introduces a “drive to earn” approach to navigation by incentivizing drivers to contribute real-time road data, creating a dynamic and community-powered mapping system. Meanwhile, eTukTuk seeks to transform transportation in developing nations through sustainable electric vehicles and charging infrastructure, addressing environmental concerns while empowering local communities.

WiFi Map stands out for its community-driven model, offering a comprehensive solution for internet connectivity while rewarding users for contributing to the network’s growth. On the other hand, Nosana pioneers decentralized cloud computing, leveraging idle GPU resources to democratize access to computational power and address the challenges of centralized cloud services.

Finally, NuNet aims to create a global economy of decentralized computing, breaking down barriers to access and fostering innovation across industries through its open-source protocols and blockchain integrations.

What ties these projects together is their commitment to decentralization, community participation, and the utilization of tokenized incentives to drive growth and innovation. As DePINs continue to evolve and expand, they hold the potential to not only disrupt traditional industries but also empower individuals and communities worldwide.

This website uses cookies to improve your web experience.