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DePIN My Ride: From Depreciating Asset to Driving Income Cars cost thousands each year and lose a third of their value in three, while car companies profit from the data they collect - time for payback. Here's how contributing to a DePIN can turn your car into a crypto machine. Computers on wheels Your car is a 'computer on wheels,' generating around 25gb of data per hour, including your location, driving habits, and even entertainment preferences. Car companies are already profiting from this existing data stream, with 76% admitting to selling it – a market projected to reach $750 billion by 2030, with minimal returns for you. Navigation apps on your smartphone are also continuously collecting and monetizing your movement. Beyond this data, there's another layer of valuable information crucial for the future of autonomous vehicles (AVs). This includes visual data to identify complex scenarios (like pedestrians in traffic or distinguishing road hazards in bad weather), precise 3D maps for navigating tricky environments (like construction zones), and detailed sensor readings for quick reactions (like emergency braking). This real-world data can train AVs for unpredictable edge cases like poorly marked roads or erratic drivers. While your car is already a data source being monetized by corporations, there are opportunities to make the most of both the inherent capabilities of your vehicle and the potential to contribute additional, specialized data for technologies like autonomous driving – allowing you to directly benefit from the valuable information you can offer. Unlock your car's potential Decentralized Physical Infrastructure Networks (DePINs) incentivize you to take ownership of your assets (and their capabilities - storage, sensors, connectivity, etc) and add them to a network where you are rewarded for your contributions with cryptocurrency. This extends beyond just the data your car can generate while driving. With the rise of electric vehicles, DePINs are also emerging around building and sharing EV charging infrastructure, offering new ways to earn. You can also buy/add additional hardware to broaden your capabilities and boost your rewards. By contributing to a DePIN you directly benefit from the resources you provide, transforming your vehicle from a pure expense into an income stream, all while going about your daily business. Exploring DePINs that help you earn on the go Here are TEN projects that may be worth a look. DIMO gives you the opportunity to earn $DIMO tokens for connecting your vehicle data to their network. For most cars this involves plugging DIMO's LTE R1 device into the OBD-II port (usually under the steering wheel) to monitor and share information like battery health, mileage, and GPS location. WAGOI offers a platform to access and monetize your legally entitled car data, using the EU Data Act. By signing up, you can request and receive your data directly from car manufacturers and then trade it on the WAGOI marketplace for $WAGOI tokens. Notably, no additional hardware is required. Soarchain rewards contributors sharing vehicle-generated data with $SOAR tokens. Like DIMO LTE R1, their Soarchain Mini device plugs in to your OBD-II port, connecting your vehicle to the network continuously streaming and verifying road, traffic, and safety data. NATIX rewards you with $NATIX tokens for capturing and analyzing street-level imagery through its AI-powered Drive& smartphone app. Recently released VX360 hardware can also be plugged into Tesla's existing camera system. ROVR offers high-precision 3D data collection and mapping, rewarding contributors with $ROVR tokens. They have two hardware options for collecting data: a professional LightCone LiDAR system for vehicles and a TarantulaX device that users attach to their car roof and connect to their phone. Hivemapper is building a network of drivers with dashcams, who get rewarded with $HONEY tokens for their contributions. As they drive, the Hivemapper Bee dashcam (their latest version) takes high-resolution pictures to build and update a decentralized global map. Rewards are based on how unique and good the data is. MapMetrics is a navigation app that allows people to actively share live traffic and map metadata. By using the app in navigation mode while driving, users automatically earn $MMAP tokens. For a boost to earnings, users can invest in a Special Position Tracker (SPT) device. These devices encrypt collected data and ensure authenticity by confirming real users. PowerPod enables electric vehicle drivers (EV) to earn $PT tokens by sharing EV charging data. These tokens can be converted to $PPD governance tokens. Their PowerPod Pulse I smart adapter shares data about energy consumption, charging duration, and location. EV drivers can also share their EV charger and earn. Charge rewards anyone actively contributing EV charge point data with Charge Coins via its app. You can earn rewards by performing activities such as charger check-ins, charger reviews, uploading images, and verifying charge points. DeCharge enables EV drivers to earn by sharing their charging infrastructure. Their DeCharge Beast, a 7kW community charger, allows hosts to earn when others use their charger. Bonus projects: While not specifically car-focused, Roam Network and 375ai offer ways to earn tokens while driving. Their Roam and 375go apps, respectively, allow users to map mobile network signal strength and quality on the go. Take the road to rewards These ten (well... 12) projects represent just the tip of the iceberg. It's becoming increasingly clear that your vehicle can be more than just an expense – it can be a source of income and a valuable contributor to decentralized networks. The data you can collect in your car and from your car is valuable, and the ability to participate in building out crucial infrastructure like EV charging stations offers even more avenues for earning. Instead of letting corporations profit, you can now be rewarded directly, so why don't you reclaim the road? Any projects you feel are missing or misrepresented? Comment below. I haven't even mentioned ridesharing 🙈 Before I take off... ⚠️ @MapMetrics is currently giving away 5 peaq limited edition SPT devices each month. See their page for more details ⚠️ #SPTgiveaway

Use Cases: 🔹 Filecoin lets you rent out unused storage and earn tokens. 🔹 Helium rewards users for setting up internet hotspots. 🔹 Soarchain decentralizes transportation infrastructure. 🔹 Local energy producers can sell power to neighbors.

DePIN - The Future of Physical Infrastructure is Decentralized #DePIN (Decentralized Physical Infrastructure Networks) shifts the control of physical infrastructure from centralized authorities to individuals, offering a transparent and secure system through blockchain technology.​ Sectoral Growth and Potential - Compared to 2022, DePIN project revenue has increased 100x, surpassing $500 million. - The total number of DePIN-connected devices has exceeded 25 million. - Market capitalization has reached $14.3 billion. Use Cases and Leading Projects 🔹Storage Networks: #Filecoin allows users to rent out unused storage and earn tokens. 🔹Wireless Networks: #Helium enables individuals to deploy hotspots, expanding internet access and earning rewards. 🔹Mobility Systems: Soarchain decentralizes transportation infrastructure, offering user-centric solutions. 🔹Energy Grids: Local energy producers can sell excess power directly to neighbors, reducing reliance on large utility companies. Advantages 🔹Efficiency: Lower entry barriers encourage innovation and accelerate technology adoption. 🔹Empowerment: Individuals actively build and maintain the infrastructure they use. 🔹Enhanced Security: Distributed control eliminates single points of failure, boosting overall system resilience. Challenges 🔹Verification: Validating the authenticity of physical assets is complex. 🔹Scalability: Maintaining performance as networks grow can be difficult. 🔹Regulation: Different legal frameworks across regions require careful navigation. Looking Ahead DePIN is not just a trend. It’s a transformation where blockchain meets the real world. With the potential to revolutionize sectors like telecommunications, data storage, and energy, DePIN represents the next evolution in infrastructure.

Seriously everyone is going crazy over the new #depin project #soarchain & it’s #motus that plugs into your cars odb, only it’s 2 years old if you listened to me and were on #cosmoshub as it’s being developed could of been in on the start.

Powering Decentralization with Soarchain! Soarchain is revolutionizing decentralized networks with specialized hardware, enabling real-time, secure data exchange across industries. 📷 100% privacy control 📷 Earn tokens effortlessly https://t.co/PJWAAeuqdx #crypto #BitMart #DePIN https://t.co/LpKXPckat9