This week is all about consumer crypto going mobile and challenging traditional infrastructure players, aka DePIN. Plus: Big week for ETFs, Stack Overflow signs a deal with OpenAI and Microsoft is training its own AI model MAI-1 to compete with Google and OpenAI.
“We finally have a way to coordinate large numbers of disparate parties trustlessly across the globe in real time through the use of economic incentives.” — Kyle Samani
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A variety of companies are looking to disrupt the mobile industry with blockchain:
Zooming in: Helium incentivizes users to build and maintain mobile networks leveraging its infrastructure with rewards in the form of the HNT token.
Be smart: Traditional infrastructure providers will have to compete against decentralized infrastructure networks, that coordinate and incentivize participants with tokens. This is called DePin (= Decentralized Physical Infrastructure Network).
The big picture: This is the beginning of a new “supercycle”, that will be “user-powered and community-centric”, as Joseph Lubin said in 2023.
