DePIN (Decentralized Physical Infrastructure Network) is a concept that uses token rewards to encourage the construction and development of real-world physical infrastructure.

Examples of physical infrastructure include wireless networks, cloud services, mobility networks, and power grids using blockchain technology and smart contracts. As it requires huge capital, it is largely monopolized by large companies. Centralized organizations almost monopolize the prices and services provided to end users, resulting in a lack of competition and innovation.

The main feature of DePIN is the transition from the traditional centralized model to a decentralized model. DePIN includes global user participation to overcome dependence on large companies and implement a “sharing economy” model. DePIN creates a completely new design space for physical infrastructure.