Over 5,000 people registered, the largest DePIN summit Token2049 "R3al World" successfully concluded
The DePIN Summit "R3al World," hosted by IoTeX and co-organized by Messari, has successfully concluded, with over 5,000 registrations. It ranks among the top three summits in terms of registration numbers among more than 700 side events during Singapore 2049, and it is the event with the highest attendance of institutions, projects, and participants in the DePIN field.
On September 17, Singapore time, the DePIN summit "R3al World," hosted by IoTeX and co-organized by Messari, successfully concluded with over 5,000 registrations. It ranked among the top three summits in terms of attendance during the 700+ Side Events at Singapore 2049, and it was the largest event in the DePIN field in terms of participating organizations, projects, and attendees. The large number of participants not only demonstrates the appeal of the leading ecosystem IoTeX and the concept proposer Messari in the DePIN field but also reflects the market's close attention and the ongoing heat surrounding this track.
In his speech at the summit, IoTeX co-founder Raullen pointed out the dilemma of the DePIN concept being popular yet developing slowly, providing a detailed construction path on how IoTeX 2.0 modularization can accelerate DePIN development. Additionally, based on IoTeX's modular DePIN and Polygon's chain aggregation AggLayer, both parties jointly announced a cooperation plan to establish a DePIN layer to support the construction of DePIN projects across all chains, further enhancing the multi-chain development and liquidity expansion of DePIN projects. Dylan, a DePIN researcher from Messari, excitedly stated, "The DePIN autumn has arrived; it's time to launch!"
The Confusion of DePIN: Popular but Not Hot?
From the "R3al World" event, it is evident that the number of participants in DePIN is the highest among all tracks, and the attendees and audience exhibited a very distinct difference from other events: an older age demographic, more formal attire, and a more serious communication atmosphere. Among the attendees were traditional listed companies and venture capitalists coming to gauge the temperature, with DePIN becoming the best entry point for many well-established traditional industries to understand and enter Web3.
However, despite standing at the convergence of Web2 and Web3, the industrial development and project quantity of DePIN are far behind the concept and market heat. IoTeX co-founder Raullen indicated that there are two main obstacles on the road to DePIN development: first, the construction threshold for DePIN is higher compared to other blockchain projects; second, the isolated construction of DePIN projects lacks communication and credible verification, creating barriers for capital and user entry. In response, IoTeX 2.0 has provided a systematic solution by offering the complex common parts of DePIN construction and operation as modular products and services to DePIN projects, helping them enter the market with higher efficiency and lower costs.
IoTeX co-founder Raullen's sharing on DePIN modularization
Under the modular strategy, IoTeX will become an open infrastructure for DePIN that transcends chain and ecological limitations, providing support for all project teams. This collaboration with Polygon is an important step in promoting cross-ecosystem DePIN facility construction, aiming to utilize AggLayer's cross-chain communication and liquidity sharing, allowing IoTeX-based projects to allocate rewards and enable users to settle on their chosen chains. Raullen stated, "Our infrastructure will allow any DePIN developer to seamlessly connect with AggLayer, enabling users to interact with DePIN applications across multiple blockchains." In response, Polygon co-founder Nailwal added, "This integration not only enhances cross-chain capabilities but also releases unprecedented liquidity and expansion opportunities for DePIN projects through AggLayer. By providing a dedicated platform for seamless connections between different ecosystems, these projects can thrive in a multi-chain world."
IoTeX and Polygon announce a strategic plan to co-build the DePIN layer
As the proposer of the DePIN definition, Messari has high expectations for the DePIN industry. Messari's DePIN researcher Dylan shared their data and research on public infrastructure, including energy and carbon emissions. Although there is still a need for deeper exploration on the demand side, the imagination of building public facilities through decentralized DePIN is immense. It is foreseeable that with the support of IoTeX's DePIN modular infrastructure and the combined efforts of various ecosystems, the construction threshold for DePIN will be significantly lowered. As the verification of real-world devices and data on-chain improves, users and capital will also be more confident in joining the development wave of "DePIN autumn."
Messari researchers propose that "DePIN autumn" is coming soon
Very REAL! Web3 Physical Device Showcase
Looking at Web3, DePIN may be the most suitable track for offline activities. At this summit, dozens of projects with physical devices made a collective appearance, from the trendy charging head Cybercharge, weather monitoring instrument Nubila, smart wearables DeRing, WatchX, Eden, to OORT's AI mining machine, Qualoo's network node, DeSIM's unmanned beverage machine… Various physical devices covering technological and business model innovations became the focal point that attracted guests throughout the event.
Various DePIN devices showcased at R3al World
The highly experiential DePIN event stands out among many industry summits, making "R3al World," a brand that has been established for two years and has traveled to over ten cities globally, the best stage for everyone to closely engage with and understand DePIN, earning it the title of "Web3 CES (International Consumer Electronics Show)" in the industry.
Very High-End! The Collision of Hardcore Innovation and Top-Level Capital
Unlike purely digital projects like DeFi and Gamefi, DePIN requires extensive interaction with the real world, making innovation both challenging and attractive. At this summit, discussions around the new infrastructure of human civilization—computing power, data, and the collision of DePIN and AI became hot topics. Leaders from projects like CESS, Masa, Nesa, and 375.ai introduced innovations in their respective fields, and the attendees expressed a strong consensus on the expectation of using Web3 for decentralized AI infrastructure construction.
At the capital level, institutions like VC have also recognized the idea of developing public infrastructure for DePIN and AI through socialized public construction. For a long time, investment institutions with both traditional and crypto backgrounds, such as Samsung Next, FMG, EV3, and Borderless Capital, have maintained very close cooperation with IoTeX, collectively providing strong support for valuable innovators. Attending institutions like Samsung Next, CoinFund, Animoca Brands, OKX Ventures, Dragonfly, Leminscap, and M55 Capital also expressed their optimistic outlook on the development trend of the DePIN track.
Top VC institutions discuss investment strategies for DePIN
Very Passionate! Entrepreneurs with Spark in Their Eyes
Despite the recent market downturn and the overlap of numerous events during 2049, IoTeX's DePIN summit was unaffected. The venue was bustling with people; it is reported that the 800 badges originally prepared were all distributed within the first three hours of the event, necessitating the use of stickers to meet the needs of guests. The venue was packed, and the hotel lobby outside was naturally "occupied" by guests, becoming a platform for everyone to discuss DePIN.
The most excited attendees were undoubtedly the entrepreneurs showcasing their projects. Booths from projects like Secret, Geodnet, Multiple Network, Huddle01, and INNOVEX were always surrounded by guests eager to learn and collaborate, while team members from XNet, AEON, DeCharge, The Graph, Drone Dash, and Izumi shared their views on the future development of DePIN from the stage. Overall, the trend of DePIN is widely regarded as positive, but the high innovation threshold remains a barrier to large-scale development. To address this, IoTeX has initiated the promotion of a modular construction path for DePIN, providing complex engineering such as device on-chain verification and off-chain data computation in a modular way for DePIN projects, significantly reducing construction costs and thereby enhancing innovation efficiency and accelerating the arrival of large-scale adoption in the industry.
DePIN Surf serves as an accelerator for various innovative projects to showcase their work
As one of the most attended events during Singapore Token2049, IoTeX's "R3al World" DePIN summit showcased the ongoing heat of this track, regardless of market conditions, and provided the first opportunity to experience such a variety of Web3 real-world physical facilities. It is through the relentless exploration of these innovators that the Web3 industry continues to break through. During 2049, IoTeX built a platform for DePIN innovators, investors, and enthusiasts to communicate, share, and experience; beyond 2049, IoTeX is also constructing a comprehensive, foundational infrastructure for DePIN, establishing an open ecosystem for innovation, creation, and growth.
