DePIN term coined by Messari event

Event · PageRank 0.0000

Overview

The term DePIN — Decentralized Physical Infrastructure Networks — was coined through a public poll run by the crypto research firm Messari on X on November 5, 2022, which asked the community to name the category of Web3 projects building real-world infrastructure. DePIN won with more than 31% of the vote, beating alternatives including "proof of physical work" (PoPW) and "token-incentivized physical infrastructure networks" (TIPIN). Messari first used the term in published research in its annual Theses released on December 22, 2022, describing it as one of the most important areas of crypto investment for the coming decade. Messari defines DePIN as networks that use crypto incentives to coordinate the buildout and operation of critical infrastructure.

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Frequently asked questions

Who coined the term DePIN and how?

Crypto research firm Messari, via a public poll on X posted on November 5, 2022 asking the community to name the category.

What other names were considered?

Proof of physical work (PoPW) and token-incentivized physical infrastructure networks (TIPIN), among others; DePIN won with over 31% of the vote.

What does DePIN mean?

Decentralized Physical Infrastructure Networks — defined by Messari as networks that use crypto incentives to coordinate the buildout and operation of critical real-world infrastructure.