Ten Leading Blockchain Organizations Unite to Establish the DePIN Association

The
DePIN
Association is
excited
to
announce
its
official
formation,
bringing
together
ten
pioneering
organizations
dedicated
to
advancing
the
decentralized
physical
infrastructure
networks
(DePIN)
ecosystem.
The
founding
members—Acurast, peaq, DePINHub, PowerLedger, U2U
Network, Impossible
Cloud
Network, POKT
Network, SafeJunction, IoTeX,
and Geodnet—are
at
the
forefront
of
innovation
in
their
respective
fields,
contributing
to
a
collective
vision
for
a
more
connected,
decentralized
world.

About
the
DePIN
Association

The
DePIN
Association
is
a
collaborative
body
focused
on
fostering
innovation,
setting
industry
standards,
and
promoting
the
development
of
decentralized
physical
infrastructure
networks.
These
networks
leverage
blockchain
technology
to
decentralize
traditional
infrastructure
services,
ensuring
greater
transparency,
security,
and
efficiency.

Meet
the
Founding
Members

1.
Acurast:
Enables
developers
with
Unstoppable
Compute
through
a
decentaralized
and
mobile
powered
Cloud.

2.
peaq:
Provides
DePINs
a
layer-1
blockchain
tailored
to
their
needs,
including
Modular
DePIN
Functions,
DePIN-focused
economics,
grants
for
builders,
and
a
vast
network
of
enterprise
partners
and
Web3
integrations.

3.
DePINHub:
A
central
hub
for
DePIN
innovation,
offering
resources,
support,
and
networking
opportunities
for
projects
and
developers.

4.
Powerledger: promotes
democratization
of
energy
through
tracking,
tracing
and
trading
of
energy
in
decentralized
energy
markets. 

5.
U2U
Network:
A
pioneering
Modular
Layer-1
chain
built
on
top
of
DAG
and
compatible
with
EVM.
Boasting
17,000
TPS
and
350-ms
finality
using
the
Helios
Consensus,
U2U
Network
is
a
perfect
fit
for
DePIN

6.
POKT
(Pocket
Network):
The
universal
RPC
Infra
layer
that
enables
our
partners
to
connect
applications
with
any
open
data
source,
with
unbeatable
scalability,
uptime,
and
cost-effectiveness.
The
API
to
the
open
internet.
 

7.
SafeJunction:
A
trustless
database
for
provable
facts,
aiming
to
make
proofs
more
accessible,
secure,
and
ubiquitous.

8.
IoTeX:
Provides
a
modular
infrastructure
for
DePIN
projects
to
deploy
in
full
or
integrate
modules
into
existing
frameworks.

9.
Geodnet:
Leverages
blockchain
technology
for
geospatial
data
and
services,
improving
the
accuracy
and
availability
of
location-based
information.

10.
Impossible
Cloud
Network
(ICN):
The
cloud
platform
that
connects
enterprise-grade
hardware
with
cloud
service
providers
while
leveraging
SLA
oracles
for
uncompromised
performance
or
service
quality.

Vision
and
Mission

The
Association
aims
to
create
a
robust
DePIN
ecosystem:

-Establish
industry
standards
and
best
practices
for
DePIN
projects.

-Promote
collaboration
and
knowledge
sharing
among
members.

-Advocate
for
policies
and
regulations
that
support
the
growth
of
decentralized
infrastructure.

-Foster
an
ecosystem
that
encourages
innovation
and
sustainable
development.

Future
Plans

In
the
coming
months,
the
DePIN
Association
will
focus
on
several
key
initiatives:

Standardization:
Developing
and
promoting
industry
standards
to
ensure
interoperability
and
security
across
DePIN
projects.

Research
and
Development:
Supporting
R&D
efforts
to
advance
the
technology
and
applications
of
decentralized
infrastructure.

Education
and
Outreach:
Engaging
with
stakeholders,
including
policymakers,
developers,
and
the
public,
to
raise
awareness
about
the
benefits
and
potential
of
DePIN.

Events:
Communication
about
the
DePIN
ecosystem
with
jointly-organized
events.

Join
the
Movement

The
DePIN
Association
invites
other
organizations,
developers,
and
stakeholders
interested
in
the
future
of
decentralized
infrastructure
to
join
the
movement.
Together,
we
can
build
a
more
secure,
efficient,
and
transparent
world.

For
more
information,
please
visit www.depinassociation.com

Media
Contact
–

[email protected]

About
DePIN
Association

The
DePIN
Association is
a
collective
of
leading
organizations
dedicated
to
advancing
the
decentralized
physical
infrastructure
networks
(DePIN)
ecosystem.
By
leveraging
jointly
engaging
on
various
verticals:
research,
education,
advocacy
and
events.