Print everyday with DePIN
Incentivizing our existence...
It’s the 47th edition of The Gems Corner, and today we will be looking at 4 passive income opportunities on the DePIN narrative, plus other alpha bites as usual.
As the market recovers, let’s look at some other sectors that hold more promise and potential aside from meme & AI coins. DePIN is arguably one of the fastest-growing narratives in crypto with interesting real-world applications.
Decentralized Physical Infrastructure Networks (DePIN) is a term that describes decentralized applications that use tokens to incentivize people to provide services via real-world physical infrastructure/machines/devices.
DePIN heralds a paradigm shift from centralized-owned infrastructural networks to community-owned ones, incentivizing participants toward creating a decentralized future.
To give you context, the DePIN category has a market cap of about $63b, and $25 in annual recurring revenue as per DePIN Ninja. Interestingly, it has a bunch of passive income opportunities, some of which I’ll be sharing in today’s edition.
Go grab popcorn, let’s dive.
1. Nosana
Nosana is a DePIN project that provides AI users with affordable GPUs and GPU owners with an income. GPU owners can rent their GPUs to AI users, who in turn can access powerful hardware and train and use their models faster.
You don’t need to own a GPU to earn passively with Nosana, you buy and stake $NOS for daily rewards. I have personally been earning passively since last year, here’s their staking page for details.
2. Grass
Grass is a decentralized network for accessing the public web, and thus accessing the data necessary to train AI models. In simple terms, it incentivizes your idle internet connection into a profitable resource.
By just keeping the Grass app running in your device’s background, you can accumulate points that’ll let you earn passively. They have about 800k users globally leveraging this platform to monetize their idle network. Interestingly, they are set to launch their token soon.
You can get started using my ref link here: link
3. Natix
Natix is an AI-powered dynamic map supercharged by the DePIN and driver community. NATIX Network aims to combine NATIX’s patent-pending AI technology with the world’s 45 billion existing cameras (in smartphones, drones, cars, and IP cameras) to create the largest crowd-sourced camera network ever.
It uses the move-to-earn model, and users can earn in the following ways: driving, detecting, and via referrals. You can use my codes to get 35000 bonus points: DmqUAcm2CW, kmyvaj85dr, azm9JatEsD, and ZhgmkvmEYE. Join here.
4. Helium
The Helium network is a decentralized wireless network that enables devices anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans.
You can deploy a Helium hotspot to earn some bucks monthly. Just visit their website and purchase one of the hotspot miners, set it up, and start earning.
and much more…will share as I discover in the coming edition.
Image of the day
The above chart shows that spot ETFs have bought a full 1% of the entire bitcoin supply in just two months. Insane. Imagine what will happen in the coming 11 months - you’re not bullish enough. Plus, Bitcoin broke $70k ATH for the first time as I’m writing this. Stoked.
Alpha Bites and Tweets
Wormhole airdrop eligibility checker - link
Saga airdrop eligibility checker - link
Sign up for Mitosis Testnet (ends soon) - link
Io.net airdrop campaign (possible drop) - link
Shuffle airdrop is live, check your dashboard
That’s a wrap.
Thanks for reading!
Until next Friday,
Viktor DeFi.
PS: I’d love to hear your feedback and comments.