1. Quickly understand #DePIN

#DePIN (Decentralized Physical Infrastructure Networks) refers to a decentralized physical infrastructure network. It refers to a distributed network of physical devices that is not managed by a third party.

Despite the fact that several movements are creating waves in the crypto market, #DePIN has recently gained popularity. They talk a lot about DePIN as the future of cryptocurrency 🚀

So, what is #DePIN ? What is the potential for them? 😎

Kindly read our threads 👇

#DePIN

Bubble Rangers game by Imaginary Ones | $BUBBLE 🫧🫧🫧
like the Subway Surfers game we used to play. It's very easy to play, and everyone can play. Earn Bubble points = $BUBBLE tokens (TGE in Q2/2024).

➡️Download:
• iOS: apps.apple.com/us/app/bubble-……
• Android: play.google.com/store/apps/det………

We're crafting the future of sports to onboard 3.5 billion fans on chain! 🏆

By putting fans right in the heart of the action, Fan Controlled Sports, built on top of Victory, has already knocked these achievements out of the park:

• Teamed up with powerhouse brands like IBM,…

3. Potential market size.

Traditional Social's capitalization has now surpassed $50 billion in 2022 alone. Compared to SocialFi's current market capitalization of slightly over $5 billion.

👉 This data shows that SocialFi's growth potential is still very much open.

2.2. Farcaster's #Warpcast is another viable possibility for starting SocialFi. This project previously obtained up to $30 million in funding from a16z and Multicoin Capital, among others.

This is also a rare SocialFi initiative that @Vitalik shill is excited about.