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Crypto veteran Meltem Demirors says that one particular subsector of digital assets will birth “dozens” of multi-billion dollar projects in the future.
Demirors tells her 263,000 followers on the social media platform X that she’s looking more closely at the future of decentralized physical infrastructure networks (DePINs).
DePINs aim to leverage blockchain to give individuals or companies control over physical infrastructure like wireless connectivity, data storage or compute power in a decentralized manner.
Demiror says that Bitcoin (BTC), with its network and token that ultimately incentivized the creation of $100 billion worth of mining hardware and $20 billion worth of public companies, could end up being the blueprint for the rise of DePINs.
“Quick slide rip – how I’m thinking about opportunities in the DePIN space:
New resource networks are only one part of the overall landscape. There will be dozens of multi-billion dollar protocols and companies across the DePIN stack. Bitcoin is the blueprint…
Arguably over the long run, the resource networks will be commoditized and the tools enabling operating leverage + financial engineering will have a much larger, more sustainable moat.”
Some of the biggest DePIN crypto projects currently include Render (RNDR), Filecoin (FIL), The Graph (GRT) and Akash Network (AKT).
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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