Decentralized Physical Infrastructure Networks, or DePINs, are the hottest topic in the crypto industry now. With their state-of-the-art infrastructure-based coin structure and tokenomics, DePIN coins are going to create a new wave of crypto enthusiasm. DePINs redefine the way the blockchain operates. By taking decentralized blockchains out of the digital realm and integrating them into the everyday environment, DePINs create a value-added business model. In this article, we will look at some of the best upcoming DePIN coins that you can invest in.

List of Upcoming DePIN Coins

In this section, we will list the five upcoming DePIN coins that you need to keep an eye on. These coins have great applicability and real-world use cases. Since DePIN blockchains operate with real-world use cases, the coins that are native to DePINs have a very high intrinsic value. Here are the five upcoming DePIN coins

1. Chirp
2. ACU
3. Render
4. Filecoin
5. Theta Network

1. Chirp

Chirp is a leading Sui DePIN project. Chirp aims to revolutionize the Telecom and IoT sectors. Chirp has already attracted a lot of attention from crypto enthusiasts worldwide. The token’s presale value went up by a staggering 300% this year.

Chirp’s main aim is to make IoT usage an integral part of everyday life. Chirp has plans to bridge the fragmented IoT services offered by Samsung, Microsoft, Google, and others. When speaking of Chirp’s goal, it must be said that it is rather ambitious. By connecting IoT systems through a decentralized network, Chirp plans to eliminate the disconnectivity that is plaguing the present IoT ecosystem.

Chirp aims to achieve this decentralization by allowing anyone from the user base to power an IoT device from home. As customers for this service come in, the revenue is shared with the service provider (the one who operates the device on the DePIN network) in the form of Chirp tokens.

Important Parameters of Chirp

2. ACU

ACU DePIN coin powers the ACURAST project. The ACURAST project is a privacy-oriented project that converts everyday smartphones into a verifiable, privacy-protecting cloud database. The billions of smartphones around us contain the Trusted Execution Environments, or TEEs. The ACU DePIN aims to tap into this hardware-level security and help ACURAST to eliminate the massive data centers that currently undertake this responsibility.

As far as the DePIN process goes, anyone registered on the network can download the processor App and earn ACU tokens by lending their computational power, most of which is idle most of the time. There is a massive user base for this product, as developers all around the world can use this computing power to run their AI inference or Oracle jobs. Since this computing power is much cheaper compared to traditional data centers, the developers no longer need to worry about their project’s costs.

3. Render

This DePIN project is a peer-to-peer (P2P) GPU rendering service. The rewards for providing GPU compute are in Render coins. The business model of Render is rather crisp. The end customers are those with a need for computing power to run high-end video and image rendering.

With this DePIN project, Render aims to cut down the intermediary GPU centers that come at higher costs. Within Render’s business model, end users can purchase GPU power directly from peers, making this more cost-effective than depending on centralized GPU service providers.

Like most of the other DePIN projects, Render too leverages the power of AI. It is through AI protocols that Render optimizes the network. This Artificial Intelligence intermediary helps Render achieve a faster, cost-effective, and reliable network.

4. Filecoin

Filecoin is part of a DePIN project that specializes in decentralized cloud storage. Like many other DePIN projects, Filecoin is a P2P framework that leverages the open-source network. The service providers are those who provide cloud storage space using connected devices, and the consumers are individuals who want to use this storage space.

The service providers will be incentivized for providing the space via Filecoin or FIL. Within this list, Filecoin hails to be one of the most established DePIN projects. To date, Filecoin has raised over 257 million US dollars through its presale.

Since its inception, Filecoin has seen a price appreciation of nearly 2000%. This proves how valuable DePIN coins are within the crypto ecosystem.

5. Theta Network

This DePIN project provides bandwidth for users who want to stream high-quality videos at a cheaper rate. Theta Network aims to decentralize the streaming industry. Democratization of the streaming platform on a global level is one of the key missions of Theta Network. Like Filecoin, Theta Network also operates on the P2P framework by directly connecting end users to service providers. This ensures that the cost remains affordable and the system remains decentralized.

As a large number of individuals have spare bandwidth by the end of the day, the service provider community of Theta Network has huge potential for scaling new heights. With this comes cost-effectiveness. As there is a large volume of bandwidth supply, the cost per GB may be relatively much cheaper than existing centralized services. This makes streaming enjoyable and cost-effective at the same time.

Conclusion

With global demand for DePIN projects on the rise, experts are predicting that the DePIN ecosystem will surpass the multi-billion-dollar market by 2030. With the rapid developments in AI and IoT, the need for DePIN-based projects and business models is on the rise. An additional factor is the decentralization of existing centralized infrastructure. With numerous requirements clogging the centralized market, the DePIN projects have a bright future. As DePIN projects evolve and find a larger user base, the price of DePIN coins will also appreciate considerably, making them a great investment choice.

FAQs

DePIN coins are the native currency of DePIN blockchains. These coins are used to purchase services over the DePIN, and the service providers are incentivized with these DePIN coins.

Established DePIN coins are available for sale on both centralized and decentralized exchanges. DePIN coins that are yet to be released on the mainnet can be purchased through presales.

Any investment carries risks and rewards. By their inherent nature of having high intrinsic value, DePIN coins fall in a safer category than memecoins. However, you need to exercise caution before purchasing or investing in DePIN coins. DYOR.

Since the DePIN services receive DePIN coins as rewards for their service, they are subject to capital gains tax. However, the rate and taxation policy can vary according to the jurisdiction of operation.

There are two ways in which you can make money using DePIN coins. One way is by investing in DePIN coins like any other crypto asset. The other way is by providing services on the DePIN to gain DePIN coins as rewards which can later be exchanged for money on centralized exchanges.