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Ten leading blockchain organizations join forces to establish the
ZUG, SWITZERLAND, July 25, 2024 (GLOBE NEWSWIRE) — The DePIN Association is pleased to announce its official formation, bringing together ten pioneering organizations dedicated to advancing the decentralized physical infrastructure network (DePIN) ecosystem. The founding members—Acurast, peak, DePIN Hub, Power Accounting, U2U Network, Cloud Network Impossible, POKT Network, Safe junction, IoTeXAND Geonet—are at the forefront of innovation in their respective fields, contributing to a collective vision of a more connected and decentralized world.
About DePIN Association
The DePIN Association is a collaborative body focused on fostering innovation, setting industry standards, and advancing the development of decentralized physical infrastructure networks. These networks leverage blockchain technology to decentralize traditional infrastructure services, providing greater transparency, security, and efficiency.
Meet the founding members
1. Acurast: Gives developers unstoppable computing via a decentralized, mobile-first cloud.
2. peak: Provides DePINs with a layer 1 blockchain tailored to their needs, including modular DePIN features, DePIN-centric economics, builder subsidies, and a vast network of enterprise partners and Web3 integrations.
3. DePIN Hub – The free mobile website: A central hub for DePIN innovation, offering resources, support and networking opportunities for projects and developers.
4. General Accounting: promotes the democratization of energy through the monitoring, tracking and marketing of energy in decentralized energy markets.
5. U2U Network: A pioneering Layer-1 modular chain built on DAG and compatible with EVM. With 17,000 TPS and 350 ms finality using Helios Consensus, U2U Network is the perfect solution for DePIN
6. POKT (Pocket Network): The universal RPC Infra layer that enables our partners to connect applications with any open data source, with unmatched scalability, uptime, and cost-effectiveness. The API for the open internet.
7. Secure connection: An unreliable database for provable facts, aiming to make evidence more accessible, secure, and ubiquitous.
8. IoTeX: Provides a modular infrastructure for DePIN projects to be fully implemented or modules to be integrated into existing frameworks.
9. Geographic Network: Leverage 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 uncompromising performance and quality of service.
Vision and Mission
The Association aims to create a solid DePIN ecosystem:
-Define industry standards and best practices for DePIN projects.
– Promote collaboration and knowledge sharing among members.
– Promote policies and regulations that foster the growth of decentralized infrastructures.
-Promote an ecosystem that encourages innovation and sustainable development.
Future projects
In the coming months, the DePIN Association will focus on several key initiatives:
Standardization: Develop and promote industry standards to ensure interoperability and security in DePIN projects.
Research and development: Support research and development efforts to advance decentralized infrastructure technology and applications.
Education and awareness: Engage stakeholders, including policy makers, developers and the public, to raise awareness of the benefits and potential of DePIN.
Events: Communication on 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 – contact@depinassociation.com
About DePIN Association
The DePIN Association is a collective of leading organizations dedicated to advancing the Decentralized Physical Infrastructure Network (DePIN) ecosystem. Leveraging joint efforts across verticals: research, education, advocacy, and events.
