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'DePIN' Is Venture Capitalists' Latest Crypto Obsession. Can It Match the Hype?

DePIN involves taking real-world infrastructure like a wireless network and running it with a blockchain-powered system. VCs are salivating, but there aren't many customers yet.

Updated Apr 16, 2024, 4:58 p.m. Published Apr 16, 2024, 4:20 p.m.
globe held in someone's hand (Greg Rosenke/Unsplash, modified by CoinDesk)
(Greg Rosenke/Unsplash, modified by CoinDesk)