2024

peaq

IoTeX

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/depin-projects-attract-significant-early-stage-funding-6/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DePIN Projects Attract Significant Early-Stage Funding</a><br></p>
<p style="text-align: justify">Physical infrastructure projects combined with blockchain technology (DePIN) 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-into-the-growth-and-dominance-of-stablecoins-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> world.</p>
<h2 style="text-align: justify" id="depin-becomes-investors-new-favorite">DePIN Becomes Investors’ New Favorite</h2>
<p style="text-align: justify">The year 2024 is revolutionary for DePIN projects. Early-stage project funding increased by 296%. These projects attract significant interest 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 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 to reach $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-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 on their way to gaining a significant market presence.</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 largest four projects in the sector rank among the top eight in revenue. This indicates that the DePIN sector still faces demand limitations, and centralized platforms hold a large market share due to offering broader solutions.</p>
<p style="text-align: justify">The increasing funding and market value of DePIN projects indicate potential for more investment and growth 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/depin-projects-attract-significant-early-stage-funding-6/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DePIN Projects Attract Significant Early-Stage Funding</a></h5>
<p>The post <a href="https://en.coin-turk.com/depin-projects-attract-significant-early-stage-funding-6/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DePIN Projects Attract Significant Early-Stage Funding</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

DePIN Projects Attract Significant Early-Stage Funding

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