DePINs and AI are set to become a ‘power duo’ by 2024, DeFi execs predict.
In the year By 2023, Decentralized Physical Infrastructure Networks (DePINs) are beginning to gain traction with major manufacturers around the world to integrate the physical world's infrastructure with blockchain technology.
DePINs are blockchain protocols that use cryptocurrency tokens to encourage the creation and operation of physical infrastructure in a decentralized manner. It is increasingly related to the Internet of Things (IoT).
According to data from digital asset marketing intelligence firm Mesari, the digital asset market is currently worth about $2.2 trillion and could reach as much as $3.5 trillion over the next four years.
The technology has facilitated developments such as the Peaq Network blockchain, a token for Tesla's fleet, developed by Deepin Technology or Bosch's recent efforts to build a decentralized IoT with the European Union.
Some have speculated that Deepin's technology will be one of the “most important crypto investments of this decade.” However, the widespread emergence and integration of artificial intelligence (AI) in the last year raises the question of the compatibility between these two technologies.
Peck Network CEO Leonard Dorlochter told Cointelegraph that he sees the DePin sector “poised to boom in 2024,” which is “inherently tied to the AI boom.”
Think about it: AI enables machines to create real-world value as independent economic agents, and the DP model creates a framework for ownership and value distribution, enabling owners of AI-powered devices to earn revenue from their activities.
Dorlochter calls the DePIN/AI combination a “match made in heaven” and predicts that 2024 will “fundamentally change the way we manage and interact with AI-powered machines.”
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DAO Maker's chief marketing officer Hathu Shaikh said DPin and AI are set to be the “power duo” of 2024 because they “support each other in the most efficient way possible.”
Sheikh Depin pointed out how they came up with a “game-changing solution” that addresses many of the pitfalls of traditional centralized computing models to safely achieve scale.
Enhanced and optimized computing power allows DePINs to use AI algorithms that require a large amount of power, he said.
Armed with such advanced capabilities, robust and sophisticated AI is poised to revolutionize all industries and service areas around us, including health, manufacturing, finance and entertainment.
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