The buzzword “DePIN” is making the rounds in the crypto market and is attracting more and more attention. The new sector has the potential to become the defining narrative in the next crypto bull market. The acronym refers to “decentralized physical infrastructure networks” that could represent a new bridge between the virtual and real worlds. Last but not least, DePIN is intended to break the dominance of Big Tech and create cheaper and more open alternatives to the current centralized systems.
If Helium CEO Abhay Kumar has his way, DePIN could even bring the next billion users into the crypto world. His project is considered particularly promising with the HNT ecosystem and enjoys high popularity as a pioneer in the DePIN space. The focus is on wireless networks, originally in the Internet of Things (IoT) area. But since the end of 2022, nothing less than the disruption of 5G networks has been at the top of the agenda. There are already partnerships with the top dogs T-Mobile and Telefonica. The potential seems enormous, but there are also very critical voices. Helium is polarizing among crypto supporters.
In this article you will find out:
- How exactly helium actually works
- What’s behind the 5G plans
- Which major partners cooperate with Helium
- Why there were serious allegations against the Helium team
- What difficulties could set the project back
What is behind the Helium tokens?
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