Tokensoft Announces Support For DePIN Projects
Today, we’re pleased to announce support for Decentralized Physical Infrastructure Networks (DePIN), helping projects bring real-world connectivity to the forefront of web3. Our mission has always been to provide scaffolding for projects launch and thrive. And now, we’re turning our efforts toward supporting DePIN — a domain where technology prioritizes human needs, and real-life use cases are being built.
Why DePIN Matters
DePIN extends beyond the digital to influence physical infrastructure like mobility, telecoms, and more. This sector, vital for integrating Web3 into our daily lives, depends on platforms (like Tokensoft) that not only understand but actively support the intricacies of launching. We believe in a web3 where everyday people can become active network participants — and today’s DePIN projects are making this a reality.
What DePIN Needs
DePIN largely focuses on operating physical infrastructure in a distributed manner. This includes projects like DIMO (decentralized in-motion data), Helium (a decentralized wireless network), and others that innovate in real-world applications by integrating blockchain. Let’s explore some of their specific needs and challenges:
- Interoperability and Standardization: For seamless interaction between different decentralized physical networks, interoperability and adherence to common standards are crucial. This enables devices, applications, and services to communicate effectively, fostering a more integrated ecosystem.
- Scalability: As these networks grow to accommodate more users and devices, they must be able to scale efficiently. This involves handling an increasing amount of data and transactions without significant increases in costs or decreases in performance.
- Security and Privacy: Protecting the network and user data against unauthorized access and cyber attacks is paramount. This includes safeguarding the integrity of the physical devices and the data they generate or transmit.
- Regulatory Compliance: Navigating the regulatory environment is essential, especially since these networks often operate in sectors subject to specific regulations (e.g., telecommunications, energy, health). Compliance with local and international laws is necessary to ensure legal operation.
- Economic and Incentive Models: Developing models that fairly compensate participants for their contributions (such as sharing data or maintaining network infrastructure) is key. Many times, these economic models are set in place with the launch of a token.
Tokensoft’s Support for DePIN
Our platform’s capabilities align well with the needs of many DePIN projects:
- Token Sales and Vesting: We streamline the process of raising capital, ensuring that projects can secure the funding they need with full regulatory compliance.
- Airdrops: Our platform facilitates the distribution of rewards, engaging communities while ensuring compliance.
- Identity: Connect wallets to real-world identities, ensuring that only verified individuals can participate, fostering a secure and compliant environment.
- Hackathons and Ambassador Programs: Engage your community and incentivize innovation and advocacy with full support for compliance and organization.
The DePIN Incumbents
We’re just as pleased to be support new DePIN projects as we are to watching some top incumbents continue to build. Here are some key projects to keep an eye on in 2024.
- Akash Network: Akash is an open-source, decentralized cloud computing marketplace designed to connect those with unused computing resources with users looking for cloud services. This marketplace runs on a blockchain built using the Cosmos SDK, securing its network through a Delegated Proof of Stake (DPoS) mechanism. Validators on the network play a crucial role in maintaining its integrity and functionality. To learn more about Akash, tune in to our chat with founder Greg Osuri in The Fren Zone.
- DIMO: DIMO is an open-source platform for vehicle connectivity, with an ambitious goal: to put every car on the blockchain. DIMO’s recent appearance on The Fren Zone podcast highlights the need to decentralize our physical infrastructure.
- Helium: Helium offers a decentralized network for Internet of Things (IoT) devices, enabling them to communicate and transfer data across a node-based system. Hotspots serve dual purposes as wireless gateways and blockchain miners, rewarding users with $HNT for their contributions. Helium emphasizes a future-ready IoT communication infrastructure.
- Filecoin: Built on the IPFS protocol, Filecoin aims to create a global, decentralized storage network. This network offers a marketplace for storage space, with transactions facilitated by $FIL. It challenges traditional, centralized cloud storage services by offering a distributed alternative.
- Arweave: Arweave offers a platform for permanent data storage, creating a “collectively owned hard drive” that ensures data is forever accessible. It supports the permaweb, a permanent, decentralized web hosting various applications and platforms. Many Solana-based NFT projects turn to Arweave for their storage needs.
Tokensoft stands at the intersection of innovation, compliance, and community. With a proven track record since 2017, we’ve supported over 100 projects, including teams behind Avalanche, The Graph, and Tezos, in raising over $1 billion. Our all-in-one platform tackles the major challenges builders face with token foundations, sales, distributions, compliance, governance, and awareness efforts. Tokensoft is the comprehensive solution for projects at the forefront of Web3.
Projects ready to bridge the gap between digital and physical are encouraged to reach out today.
