AI’s Impact on DePINs: Report Predicts $128B Market by 2028

• MV Global report identifies DePINs as a transformative use case for Web3.
• Real-world adoption is growing, with over 1,000 projects and a $50 billion market cap.
• AI demand could drive a decentralized data storage market to $128 billion by 2028.

Decentralized physical infrastructure networks (DePINs) are set to become a key application in the Web3 space, potentially attracting a large influx of new users to the crypto ecosystem, according to a report by Web3 investment firm MV Global.

DePINs are blockchain-based protocols designed to decentralize real-world infrastructure and systems, including communication networks, data storage, and energy markets.

MV Global estimates that the DePIN ecosystem comprises over 1,000 projects and is valued at more than $50 billion. The firm believes that DePIN technology has the potential to tackle critical infrastructure challenges, such as high costs and the “cold start problem” in resource-intensive networks.

Growing Adoption in Web3

The report notes that the adoption of DePINs in the real world is accelerating, with hundreds of thousands of users engaging with various protocols. This growth is not just limited to ex…

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