The decentralized physical infrastructure network (DePIN) is gaining momentum, with @ICN_Protocol at the forefront of this transformation. The sector is poised to unlock a $3.5 trillion opportunity by addressing challenges in scalability, security, and adoption. GEODNET, a key player in both DePIN and decentralized physical AI (DePAI), is enhancing the deployment of autonomous drones, humanoids, and agricultural robots by providing precise centimeter-level positioning. Recently, GEODNET secured an $8 million funding round led by Multicoin Capital, which is expected to accelerate its growth in the market. The network boasts over 13,000 miners and has achieved an annual recurring revenue (ARR) exceeding $3 million, reflecting a sixfold year-over-year growth. Additionally, the DePIN landscape includes various asset use cases, such as wireless connectivity, geospatial data collection, decentralized video streaming, and AI-related applications, with AI projects currently dominating by market capitalization.
Beyond thrilled for @multicoincap @paraficapital to join as investors in @GEODNET_ @mikeahorton has built one of the leading depin networks with 13K+ miners, $3M+ ARR (grew 6x YoY) and tackling a huge market opportunity across physical AI and robotics @vincentjow_ and I firstโฆ https://t.co/70fiNt4xaL
DePIN assets range in use cases, including wireless connectivity and IoT $HNT, geospatial data collection $HONEY, decentralized video streaming $RENDER, and AI-related use cases like computing networks $AKT. Today, AI-related DePIN projects dominate by market cap. Read the fullโฆ https://t.co/LDyny656po
Robot and Drone deployment is accelerating like I have never seen before in my long career providing sensor technology to these markets. My blog highlights how @GEODNET_'s $8M round lead by @multicoincap will play a role to drive this trend forward. https://t.co/OLU7uk1XBL