Fluence Urges Cryptocurrency Firms to Commit to Decentralized Infrastructure with DePIN Pledge

Cryptocurrency firms and industry players are being urged to commit to using decentralized physical infrastructure network solutions through the DePIN Pledge, an initiative backed by major organizations including IoTeX, Polygon, Helium, and Consensys. The cloudless computing platform Fluence is driving this initiative, encouraging firms and projects to publicly commit to decentralized infrastructure, aiming to build more transparent and resilient ecosystems.

According to Fluence, as the web3 and cryptocurrency space continues to evolve, maintaining decentralization has become more critical than ever. However, decentralization has often remained an ideal rather than a reality in the web3 ecosystem. The emergence of cloud hyperscalers and artificial intelligence computing has led many projects to rely on centralized infrastructure, straying from their original decentralized principles.

Benefits of the DePIN Pledge

Firms that commit to the pledge will be listed in a public directory on the DePIN Pledge website, allowing traders and users to browse and support companies that actively champion decentralization through their technology and infrastructure. Additionally, projects and firms that commit to the pledge will receive a manifesto and a DePIN Pledge NFT, which is auditable on the Ethereum blockchain and symbolizes their dedication to decentralization.

The DePIN Pledge NFT can be displayed across platforms and social media channels, serving as a badge of honor for companies that prioritize decentralization. The initiative is supported by major crypto firms such as Infura, Consensys, IoTeX, Infura, Outlier Ventures, Polygon, Helium, and Blockscout.

Expert Insights

“We are at the very beginning of DePIN adoption and over the coming years we expect to see a wide range of DePIN products and services used by all kinds of projects and companies.” – Tom Trowbridge, Co-Founder & CEO of Fluence

Tom Trowbridge expressed his excitement over the pledge, specifically highlighting businesses that are using DePIN to improve their operations. Clemens Wan, global solutions architect at Consensys, also emphasized the importance of decentralized infrastructure, noting that the DePIN Pledge aligns with DIN’s vision of ensuring that web3’s foundation remains decentralized.

“We support the DePIN manifesto because the promise of Web3 cannot be fully realized until the core infrastructure services the industry relies on mirror the values we all stand for.” – Clemens Wan, global solutions architect at Consensys

For those interested in learning more about the DePIN Pledge and decentralized infrastructure, here are some key takeaways:

• The DePIN Pledge is an initiative to promote decentralized infrastructure in the web3 ecosystem.
• Firms that commit to the pledge will be listed in a public directory and receive a DePIN Pledge NFT.
• Decentralized infrastructure is critical for maintaining the integrity and resilience of web3 ecosystems.
• Major crypto firms such as Consensys, IoTeX, and Polygon are supporting the DePIN Pledge.

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