Akash CEO: DePIN is more capable of attracting mainstream audiences than other crypto sectors, and regulators have recognized its unique benefits

ChainCatcher news, according to The Block, Borderless Capital partner Alvaro Garcia recently stated: "DePIN may be the only category in Web3 whose value comes from outside the crypto industry," and he believes this also allows DePIN projects to uniquely resist bear markets that may affect other crypto projects.

In a recent interview at the mainnet conference, DePIN protocol Akash CEO Greg Osuri responded to this viewpoint. The protocol provides users with a decentralized marketplace to buy and sell computing power using AKT tokens and stated that regulators have already taken notice of the project's role.

"I spent a lot of time on Capitol Hill… I met with a key staff member of the House Energy and Commerce Committee… I introduced myself, and they said, 'We know Akash, it's the intersection of DePIN and artificial intelligence,'" Osuri said, calling the meeting "very productive."

Osuri continued: "DePIN is more capable of attracting mainstream audiences than other crypto sectors. Currently, there is insufficient regulatory demand to ensure DePIN is not regulated like NFTs and DeFi, because when regulators study cryptocurrencies, they lump all industries together and regulate accordingly. So I think it's very important for us to separate the regulation of (DePIN and other cryptocurrencies) and ensure that legislators and regulators are informed. (Akash and InFlux) do not care about competition… as a way to demonstrate that we can achieve unity because we all care about the industry… Through this unity, I believe we can achieve regulatory clarity."