peaq

Strong

Show

IoTeX

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-strong-interest-in-depin-projects-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in 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 enter the stage in the <a href="https://en.coin-turk.com/qcp-capital-experts-share-insights-on-crypto-market-trends/" 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, recording one of the largest funding rounds in this ecosystem.</p>
<p><img fetchpriority="high" 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% over the past year, reaching $20 billion. This rapid growth indicates that decentralized physical infrastructure projects may attract more investment in the future.</p>
<h2 style="text-align: justify" id="new-players-and-their-potentials">New Players and Their Potentials</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">artificial intelligence</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 $30 million strategic funding round. 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 is not at expected levels. The top four projects in the sector rank among the top eight in revenue. This indicates that the DePIN sector still faces demand limitations, with centralized platforms holding a large 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 broader audiences by combining with blockchain technology. Competing with centralized platforms, these new players are taking significant steps 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-show-strong-interest-in-depin-projects-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in DePIN Projects</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-show-strong-interest-in-depin-projects-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in 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 Show Strong Interest in DePIN Projects

Table of Contents

COINTURK NEWS

Other articles published on Aug 8, 2024

CoinDCX Protection Reinforces Security Measures After WazirX Hack

Binance Labs Unveils Solana Restaking Investment: Solayer

Mystery Shiba Inu Whale Empties Major US Exchange of 220 Billion SHIB

Investors Show Continued Interest in Bitcoin ETFs

Pepe Unchained Presale Soars to $7.5 Million Amid Market Rebound

IMF Issues a Warning About Bitcoin El Salvador

Join our free newsletter for daily crypto updates!