This article is an IoTeX press release, provided by the author, and does not represent the position of IoTeX
On September 17th, Singapore time, the DePIN Summit "R3al World" hosted by IoTeX and co-organized by Messari came to a successful conclusion. A total of more than 5,000 people registered. It is the top three summit among more than 700 Side Events during Singapore 2049, and it is also the summit in the DePIN field. Attend institutions, projects and events with the highest attendance.
Such a large number of participants not only demonstrates the appeal of IoTeX, the leading ecosystem in the field of DePIN, and Messari, the concept proposer, but also reflects the market's close attention to the track and its continued popularity.
In his speech at the summit, IoTeX co-founder Raullen pointed out the dilemma of the DePIN concept being hot but developing slowly, and gave a detailed construction path on how IoTeX 2.0 modularization can accelerate the development of DePIN.
At the same time, based on IoTeX's modular DePIN and Polygon's chain aggregation AggLayer, the two parties jointly released a cooperation plan to establish a DePIN layer to support the construction of DePIN projects on all chains and further enhance the multi-chain development and liquidity expansion of the DePIN project. Dylan, a DePIN researcher from Messari, said excitedly: "DePIN autumn has arrived, it's time to start!"
DePIN’s confusion: Is it popular but not popular?
Judging from this "R3al World" event, DePIN has the largest number of participants among all tracks. The guests and audiences present are also very obviously different from other events: the age group is older, the dress is more formal, and the communication atmosphere is more serious. Among the attendees, there were many traditional listed companies and venture capital investors who came to experience the water temperature. DePIN has become the best entrance for many traditional industries with strong accumulation to understand and enter Web3.
However, DePIN stands at the intersection of Web2 and Web3, but its industrial development and number of projects are far less than the concept and market popularity.
In this regard, IoTeX co-founder Raullen said that there are two main obstacles in the development of DePIN. One is that compared with other blockchain projects, the construction threshold of DePIN is higher; the other is that the DePIN project is built in isolation and does not communicate with each other. The lack of credible verification creates barriers to the entry of capital and users.
IoTeX 2.0 provides a systematic solution to this problem, that is, by providing the complex common parts in the construction and operation of DePIN to the DePIN project as modular products and services, helping the DePIN project to achieve higher efficiency and lower costs. Cost goes to market.
IoTeX co-founder Raullen shared about DePIN modularization
Under the modularization strategy, IoTeX will become a DePIN open infrastructure that transcends chain and ecological restrictions to provide support for all project teams. This cooperation with Polygon is an important part of promoting the construction of cross-ecological DePIN facilities, aiming to utilize AggLayer's cross-chain communication and liquidity sharing enables projects based on the IoTeX module to distribute rewards and allow users to settle on the chain of their choice.
Raullen said:
"Our infrastructure will enable any DePIN developer to seamlessly connect with AggLayer, allowing users to interact with DePIN applications across multiple blockchains."
In this regard, Polygon co-founder Nailwal added:
"This integration not only enhances cross-chain capabilities, but also unlocks unprecedented liquidity and scaling opportunities for DePIN projects through AggLayer. By providing a dedicated platform that seamlessly connects different ecosystems, these projects are able to thrive in a multi-chain" world . "
IoTeX and Polygon release strategic plan to jointly build DePIN layer
As the proposer of the DePIN definition, Messari has great expectations for the DePIN industry. Dylan, a DePIN researcher at Messari, shared their data and research on public infrastructure including energy, carbon emissions, etc. Although the current demand side still needs to be explored in depth. , but the imagination of building public facilities through decentralized DePIN is very huge.
It is foreseeable that with the support of IoTeX DePIN modular infrastructure and the joint efforts of various ecosystems, the construction threshold of DePIN will be significantly lowered. With the improvement of verification on real-world devices and data chains, users and capital will also have more confidence. Join this “DePIN Autumn” development wave. 
Messari researcher proposes "DePIN autumn" is coming
Very REAL! Web3 Physical Device Awards
Looking at Web3, DePIN may be the most suitable track for offline activities.
Dozens of projects with physical equipment were unveiled at the summit, ranging from the trendy charging head Cybercharge, weather monitoring instrument Nubila, smart wearables DeRing, WatchX, and Eden, to OORT's AI mining machine, Qualoo's network node, DeSIM's Unmanned beverage machines... various physical equipment covering technological and business model innovations became the most attractive focus of the entire event.
Various DePIN devices on display at R3al World
The DePIN event, which has a strong sense of offline experience, is unique among many industry summits, making "R3al World", a "Web3 real world" event brand that has been established for two years and has traveled to more than ten cities around the world, a place where everyone can get close to and understand DePIN. The best stage has been given the title of "Web3 CES (International Consumer Electronics Show)" by the industry.
Very high-end! The collision of hard-core innovation and top-level capital
Different from pure digital projects such as DeFi and Gamefi, DePIN requires a lot of interaction with the real world, which also makes innovation full of challenges and charm.
At this summit, the collision of DePIN and AI around the new infrastructure of human civilization - computing power, data, etc. became a hot topic. Leaders from projects such as CESS, Masa, Nesa and 375.ai discussed innovations in their respective fields at the summit. Introduction, the guests present had highly consistent expectations for the way to use Web3 to build decentralized AI infrastructure.
At the institutional capital level such as VC, the concept of using socialized public construction methods to develop public infrastructure for DePIN and AI is also deeply recognized.
For a long time, investment institutions with multiple backgrounds in traditional and cryptography, such as Samsung Next, FMG, EV3, and Borderless Capital, have maintained very close cooperation with IoTeX, and all parties work together to provide the most powerful support for valuable innovators.
Participating institutions Samsung Next, CoinFund, Animoca Brands, OKX Ventures, Dragonfly, Leminscap and M55 Capital also expressed their optimism about the development trend of the DePIN track. 
Top VC institutions discuss DePIN’s investment approach
Very passionate! Entrepreneurs with bright eyes
Despite the recent downturn in market sentiment and the large number of overlapping events during 2049, IoTeX’s DePIN Summit remains unaffected. The event was so crowded that it was reported that all 800 badges originally prepared were distributed within just 3 hours of the opening, so stickers had to be temporarily used to meet the needs of the guests. The entire floor of the venue was full, and the hotel lobby outside the venue was naturally "requisitioned" by guests and became a platform for everyone to exchange DePIN. 
The most excited people in the audience were naturally the entrepreneurs who brought their projects to the exhibition. The on-site project booths of Secret, Geodnet, Multiple Network, Huddle01, INNOVEX and other projects were always crowded with guests who came to understand and cooperate. On the podium, team members from XNet, AEON, DeCharge, the graph, Drone dash, izumi and other people worked together with everyone. Discuss and share your views on the future development of DePIN.
Overall, everyone is optimistic about the trend of DePIN, but the high innovation threshold is also an obstacle that restricts the large-scale development of DePIN. To this end, IoTeX initiated and promoted the DePIN modular construction path, providing complex projects such as device chain verification and data off-chain calculations to the DePIN project in a modular manner, which can help the project greatly reduce construction costs and thus promote DePIN’s innovation efficiency accelerates the era of mass adoption in the industry. 
As a track accelerator, DePIN Surf provides a showcase for many innovative projects.
As one of the most attended events during Singapore Token2049, IoTeX's "R3al World" DePIN Summit allowed us to see the continued popularity of the track regardless of whether it is bull or bear, and it was also the first time we had the opportunity to experience so many Web3 real-world physical facilities. . It is precisely because of the continuous exploration of these innovators that the Web3 industry continues to make breakthroughs.
During 2049, IoTeX has built a platform for communication, sharing and experience for DePIN innovators, investors and enthusiasts; outside of 2049, IoTeX is building a comprehensive and underlying infrastructure for DePIN, building a platform for innovation and creation. and open ecosystem for growth
