DePIN Spacecoin is about to launch the first decentralized 5G satellite.

Spacecoin, a decentralized physical infrastructure network (DPIN) project, launched its first satellite CTC-0 on December 21, 2010.

The satellite is being designated as the first decentralized satellite constellation in history to provide 5G internet services globally.

Spacecoin's satellite uses Elon Musk's SpaceX Falcon 9 rocket

CTC-0 will be launched from Vandenberg Space Force Base on SpaceX's Falcon 9 rocket as part of the Bandwagon-2 Rideshare mission. Its main focus is on delivering internet services to underserved regions, especially emerging markets where reliable connectivity is a challenge.

Spacecoin is using blockchain and Low Earth Orbit (LEO) nanosatellites to create a decentralized network infrastructure. The project has gained a lot of attention on X (formerly Twitter) with over 300,000 followers.

According to the white paper, Spacecoin's satellite will use 5G LTE technology to bypass traditional ground infrastructure such as fiber optic cables and cell phone towers. This approach is reported to reduce communication costs, estimated at only $1-$2 per user per month in targeted regions.

“Satellite-based Internet infrastructure has emerged as the only viable way to deliver universal Internet access. Ground-based infrastructure can easily reach remote and underserved regions. At Spacecoin, we will use Low Earth Orbit satellites and blockchain technology to deliver reliable and affordable Internet,” the project said. CEO Stuart Gardner told BeinCrypto.

Meanwhile, the Deepin sector has shown significant gains in 2024. DePIN cryptocurrencies currently have a market cap of $44.5 billion, according to data from CoinGecko.

Most recently, OpenLedger partnered with Io.net to expand GPU computing resources to scale decentralized AI models. A case study approved by Harvard Business School has gained institutional attention for Helium's telecom infrastructure.

Also, Polygon Ventures made a big move in Q3, leading a $20 million investment in Edge Matrix Chain (EMC). It is a well-known DPin project for integrating computing networks with decentralized AI applications. EMC has been in development for four years.

In another major development, UAE-based investment firms Hodler & Gewan launched a $500 million fund to grow Depin and AI Ventures. It will be interesting to see if the highly anticipated Spacecoin project succeeds. Analysts predict that DP will emerge as a key segment of the blockchain market by 2025, with funding and innovation expected.