Cryptocurrency industry veteran Meltem Demirors says one burgeoning cryptocurrency sector will spawn dozens of multi-billion dollar companies

Cryptocurrency industry veteran Meltem Demirors says a particular sub-sector of the digital asset will spawn “dozens” of multi-billion dollar projects in the future.

Demirors tells its 263,000 followers on social platform X that it is taking a closer look at the future of decentralized physical infrastructure networks (DePINs).

The goal of DePINs is to use blockchain technology to enable individuals and businesses to control physical infrastructure, such as wireless connectivity, data storage, or computing power, in a decentralized manner.

Demiror argues that Bitcoin (BTC), with its network and token that ultimately spawned $100 billion worth of cryptocurrency mining hardware and $20 billion worth of public companies, could become a model for the development of DePINs.

“A quick glance – how I think about the possibilities in the DePIN space:

New asset networks are just one part of the overall landscape. There will be dozens of multi-billion dollar protocols and companies in the entire DePIN stack. Bitcoin is a blueprint…

It can be argued that in the long term, resource networks will become commercialized and tools that enable operational leverage + financial engineering will have a much greater, more sustainable advantage.

DePIN’s current top cryptocurrency projects include Render (RNDR), Filecoin (FIL), The Graph (GRT), and Akash Network (AKT).

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