Don't Miss These Early Stage DePin Projects

DePin narrative changes the game by offering fair business models and cutting out the middlemen typical of Web2 services. This puts the interests and experience of the community first.

We have selected 9 promising early-stage projects with high potential.

Peaq

Peaq is a high-performance Layer 1 blockchain optimized for Decentralized Physical Infrastructure Networks (DePINs) with low transaction costs. The platform's multi-chain capabilities enable seamless interaction with other networks, making it an ideal choice for any DePIN apps. 

At the moment, there is no activity on Peaq, but there are already 25 projects in this blockchain's ecosystem that are in the 'pre-launch' phase now.

We will discuss some of them below.

Peaq has raised $43.5 million in funding from Borderless Capital, Fundamental Labs and others funds, including token sales in May 2024.

Natix Network

Natix Network is Peaq's blockchain-based DePin and crowdsourced camera network, which creates a real-time map of the world. While collecting geospatial data through the dashboard-mounted camera, it has AI software to collect data such as traffic volume on the road, objects such as traffic signs, and infrastructure damage such as potholes and faded road markings.

You can download the app now and start earning points that will later be converted into the tokens.

Natix Network has raised $13.1 million in three rounds led by Borderless Capital and Tioga Capital Partners with participation from Big Brain Holdings, including token sales in May 2024.

Raiinmaker

Raiinmaker is a DePin project focused on accelerating the next generation of Web3 by using decentralized AI and a human-powered network. It involves a network ecosystem that transforms the distribution of value linked to identity, data, and behavior through decentralized AI and Web3 infrastructure.

You can now become a validator and earn $COIIN tokens. Just download the mobile app for IOS or Android and register, you can also use the desktop client. In total, the project has raised $7.8 million, including private token sales in May 2024.

Grass

Grass is a protocol that allows users to monetise the resources on their internet network that are not being used. With Grass, individuals can sell their "view of the internet," allowing others to access public web data in exchange for payment in the protocol's native token.
Now you can earn project points that will be converted into project tokens when you go on the mainnet. Check out our detailed guide in the drophunting section.

The 5th epoch has recently started and is likely will be the last one. However, if you are not already involved in the project, it is not too late to start farming grass.

The project has raised $4.5 million in two rounds from Polychain Capital, Tribe Capital and others.

Uplink

Uplink offers decentralized network connectivity, aiming to improve distributed and user-operated infrastructure.
You can now register online for early access. Individuals and businesses can also join the ecosystem as providers by installing Uplink-compatible equipment in their communities or businesses.

Uplink has raised $10 million in a Funding round led by Framework Ventures.

MetaBlox

MetaBlox delivers enterprise-grade WiFi roaming to the public worldwide, ensuring uninterrupted, cost-effective access to Web3 and the Metaverse compared to cellular services, as well as enhanced network security and an exceptional overall experience.
For now, you can download the app and earn points that will later be converted into $ROAM tokens. You can also buy a special WiFi router and become a project miner to earn even more tokens.

MetaBlox has raised $7M in three rounds from Volt Capital, Anagram Crypto and others.

Privasea

Privasea is a decentralized AI network that leverages Fully Homomorphic Encryption Machine Learning (FHEML) for secure data circulation. It utilizes distributed computing resources for FHE AI operations, supported by ZAMA's concrete ML technology. 

For now, you can download the app, undergo biometric verification and mint the unique NFT. Perhaps these actions will be a multiplier for the airdrop.

Privasea has raised $10.45M in funding from Binance Labs, OKX Ventures, and others funds, including token sales in March 2024.

Multisynq

Multisynq is DePIN infrastructure for the synchronization of everything, with a decentralized, low-latency Synchronization Network. By allowing individuals to monetize their surplus internet connection, Multisynq enables Synqers to sell bandwidth to developers seeking to create unified experiences on the Internet.
You can now enter the 'Announcement Phase' and earn points that will later be converted into project tokens.

Multisynq has raised $2.2 million in a Seed round led by Manifold with participation from Republic and Arkn Ventures.

Teleport

Teleport is a ridesharing service that allows riders to pay less, drivers to earn more, and early adopters to be rewarded.

At the moment, the service only works in a few cities of the USA.

Teleport has raised $9 million in Seed rounds led by Foundation Capital and Road Capital with participation from 6th Man Ventures.

The evolution of DePin will undoubtedly benefit the Web3 space and engage more users to DeFi.

You can find more DePin projects on CryptoRank.