Cryptomeria Capital plans to introduce the DePIN report on April 17th. Our preview revealed that 95% of enterprises are prioritizing a multi-cloud strategy.
By the end of 2023, prominent cryptocurrency-focused venture funds have highlighted the dePIN (Decentralized Physical Infrastructure Network) market as one of the most promising avenues for 2024.
While the actual economy boasts hundreds of trillions of dollars in value, the total tradable market in the DePIN sector is currently worth about $2.2 trillion, and is expected to surge to $3.5 trillion by 2028. Leveraging blockchain technology, token incentives and internet capabilities, the DePIN initiative is poised to solve society's most fundamental problems.
Exploring the dynamic landscape of dePIN, Cryptomeria Capital will release its latest comprehensive report, “State of DePIN 2024”, on April 17 at the Hack Seasons conference in Dubai this week. This report highlights the critical importance of this approach in ushering in a new era of infrastructure development characterized by increased efficiency, equity and community participation.
Venture Capital's new report is the industry's most comprehensive study on this topic, providing in-depth analysis, project comparisons and rich, valuable insights into the sector. Exploring exciting areas of DePIN, we provide an overview of infrastructure and ecosystem maps that explore in detail numerous projects across domains, including data storage, cloud computing, wireless, and sensor networks. It also reviews DePIN's integration with AI and zero-knowledge (ZK) technologies and highlights future developments.
The report includes insights from leading companies including Filecoin, Arweave, Storj, Sia, BNB Greenfield, ZUS (formerly 0Chain), OORT (formerly Computecoin Network), 4EVERLAND, Cumulus Encrypted Storage System (CESS), GlacierDB, and Spanning Storage Solutions. Included. It also includes Render, Theta, Akash, HOLO, Livepeer, Golem, Io.Net, Dynex, Gensyn, and Web3mine, covering the computing domain. It also focuses on wireless networks and includes Helium, Althea, Wayru Network, FOAM, WiFi Map, Andrena, Drop Wireless, Chirp, Grass (Wynd Network), and Meson Network. Hivemapper, DIMO, WeatherXM, Natix, GEODNET, Silencio, Soarchain, Spexigon, Drife, and Arkreen represent sensor networks. In the ZK space, the report covers zkSync Era, Scroll, Starknet, Polygon zkEVM, and Manta Network. Media partners for the report include Metaverse Post and Hack Seasons.
First introduced by Alex Mukhin, co-founder and managing partner of Cryptomeria Capital, at the 2024 DePIN Global Hardware Summit in Hong Kong, hosted by JDI Global last week, DePIN 2024 Status has already attracted attention from enthusiasts, investment institutions, and projects within the Web3 community. The full report will be released on April 17 at Hack Seasons, MPost's highly anticipated conference to be held in Dubai as part of the TOKEN2049 Dubai conference.
Deep Dive into the DePIN Environment
The DePIN division is at the forefront of transforming cloud data storage and solving current challenges. According to the report, more than 60% of enterprise data will be converted to cloud storage by 2023, compared to 30% in 2015. This upward trend demonstrates the continued momentum of cloud adoption, which has doubled in just seven years. . The continued growth highlights businesses' growing reliance on cloud technology for data management and storage solutions. Additionally, the report shows that an overwhelming 95% of enterprises are now prioritizing a multi-cloud strategy, highlighting the critical role of information security in modern business models.
Distributed computing is also poised to revolutionize cloud computing by solving the high costs, scalability issues, and security issues inherent in traditional cloud services. According to the report, surging demand for computing resources driven by AI and machine learning (ML) highlights the cost-effectiveness and performance benefits of distributed computing platforms.
The emergence of blockchain technology has ushered in a new era characterized by enhanced security, privacy, and innovation. Standing for decentralized privacy and integrity, the “wireless” DePin segment represents a paradigm shift in the perception and security of wireless networks. The report highlights key trends for 2024, including adoption of Open RAN for more flexible and efficient networks, integration of AI for optimized network operations, and further integration of 5G to meet low-latency requirements.
The study, which examined areas of sensor networks critical to the Internet of Things (IoT), showed significant growth, especially since 2020, when IoT devices outnumbered non-IoT devices. This surge represents a growing trend of device interconnectivity impacting sectors such as healthcare, smart cities, and transportation. The expansion potential of the navigation and mapping industry is noteworthy. New applications are outpacing existing services like Google Maps by offering real-time updates and faster mapping capabilities.
This study examines projects leveraging blockchain as an infrastructure layer, including Solana, Polkadot, Polygon, Ethereum, Cosmos SDK, Layer 1, and dePIN-centric blockchains. This is essential because network choice will have a significant impact on the efficiency, security, and cost-effectiveness of the DePIN project.
Post Cryptomeria Capital will introduce the DePIN report on April 17th. The post Preview Shows 95% of Enterprises Prioritize Multi-Cloud Strategy appeared first on Metaverse Post