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0.000324616771866661 -0.000252479711451734 -0.000288548241659095 -0.000541027953110829 -0.0031379621280433 -0.00407574391343551 -0.00234445446348053 -0.00234445446348053
Stock impact report

Mahesh Ramakrishnan: The DePIN Cheerleader [Yahoo! Finance]

Airbnb, Inc. - Class A (ABNB) 
Company Research Source: Yahoo! Finance
The “useful” bit here was key. DePIN offered products that consumers could use and understand, contrasting (critics said) with many crypto products that were difficult to use and understand. DePIN became the crypto version of the old “sharing economy,” except the sharing was arguably more real than it is with Uber or Airbnb, where profits tend to only flow to shareholders. The concept of a shared network orchestrated by tokens has been around since Helium set up a decentralized broadband network in 2016. But DePIN as an actual industry didn't exist until Messari coined it after a public naming contest in 2022. DePIN's collective market cap now stands in excess of $20 billion, and estimates from Messari for its economic impact run into the several trillions of dollars. This profile is part of CoinDesk's Most Influential 2024 package. For all of this year's nominees, click here [UPDATE BEFORE PUBLISHING]. There are many in the world of DePIN who see these networks eventually repl Show less Read more
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