2024

peaq

IoTeX

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-increase-funding-for-depin-projects/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Increase Funding for DePIN Projects</a><br></p>
<p style="text-align: justify">Physical infrastructure projects combined with blockchain technology (<strong>DePIN</strong>) have seen a 296% increase in early-stage funding, drawing significant attention. According to Messari’s data, DePIN projects raised $246 million in funding by 2024. This increase allows new players to emerge in the <a href="https://en.coin-turk.com/insights-on-hong-kongs-bitcoin-etf-and-market-dynamics/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> world.</p>
<h2 style="text-align: justify" id="depin-becomes-the-new-favorite-of-investors">DePIN Becomes the New Favorite of Investors</h2>
<p style="text-align: justify">The year 2024 marks a revolutionary period for DePIN projects. Early-stage project funding increased by 296%. These projects attract significant interest, especially from venture capital firms and other <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>. <strong>IoTeX</strong> stands out as one of the leading platforms by recording one of the largest funding rounds in this ecosystem.</p>
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-377947 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/depin.png" alt="" width="494" height="206"></p>
<p style="text-align: justify">According to Messari’s data, a total of $246 million was raised in 70 deals by 2024. This development contributed to the total market value of DePIN projects increasing by 400% in the past year, reaching $20 billion. This rapid growth indicates that decentralized physical infrastructure projects could attract more investment in the future.</p>
<h2 style="text-align: justify" id="new-players-and-their-potential">New Players and Their Potential</h2>
<p style="text-align: justify">New DePIN projects have the potential to compete with leading <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">AI</a> and Blockchain platforms like <strong>Filecoin</strong>, Helium, and The Graph. These new players, operating in areas such as decentralized gaming infrastructure, AI data layers, and robotics, are making significant strides in the market.</p>
<p style="text-align: justify">In 2024, platforms like IoTeX and peaq conducted two of the largest funding rounds. IoTeX raised $50 million in April, while peaq completed a strategic funding round of $30 million. The success of these projects demonstrates the rapid growth of the DePIN ecosystem.</p>
<h2 style="text-align: justify" id="revenue-growth-expectations">Revenue Growth Expectations</h2>
<p style="text-align: justify">Although the DePIN sector has seen significant growth in funding and market value, revenue growth has not met expectations. The four largest projects in the sector rank among the top eight in terms of revenue. This indicates that the DePIN sector still faces demand limitations, and centralized platforms hold a significant market share due to offering broader solutions.</p>
<p style="text-align: justify">The increasing funding and market value of DePIN projects point to more investment and growth potential in the future. These projects aim to reach wider audiences by combining with blockchain technology. Competing with centralized platforms, these new players are making significant strides in innovation and attracting investment.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-increase-funding-for-depin-projects/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Increase Funding for DePIN Projects</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-increase-funding-for-depin-projects/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Increase Funding for DePIN Projects</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Investors Increase Funding for DePIN Projects

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