Fluence, a leading cloudless computing platform, launched the DePIN Pledge on February 26, an initiative designed to encourage cryptocurrency-based businesses and projects to commit publicly to the use of decentralized infrastructure.
The pledge comes in response to growing concerns that many Web3-based projects are departing from their decentralized principles, as the rise of cloud hyperscalers and the modern popularity of AI computing systems means that many are shifting to centralized infrastructure.
The DePIN Pledge invites businesses in the WEB 3 ecosystem to reaffirm their commitments to decentralization; further such companies can sign the pledge and be listed in a public directory on the initiative’s website, allowing users and traders to easily identify and support projects that champion decentralization.
In addition, participating firms will also receive a DePIN Pledge NFT, which is auditable on the Ethereum blockchain. The NFT serves as a symbol of their dedication to maintaining the decentralized values of the Web3 space and can be showcased across social media platforms.
Support from key crypto firms and infrastructure adoption
Fluence is not alone when it comes to promoting the pledge and major crypto firms are all supporting the initiative. Major crypto businesses such as Infura, Consensys, IoTeX, Polygon, Helium and Blockscout are actively supporting the initiative.
These organizations all intend to contend that the framework of Web3 is currently decentralized and remains able to cope with future changes as the industry continues to grow and evolve.
An example of decentralized infrastructure adoption is the agreement between Consensy and Infura, used to create a network that manages requests across multiple blockchains.
Clemens Wan, a Global Solutions Architect at Consensys, emphasized that DePIN’s vision aligns with the values of Web3, underscoring the necessity of decentralized infrastructure for the industry’s success.
Fluence’s Vision for the Future of Decentralization
Tom Trowbridge Co-Founder and CEO expressed his excitement over the launch of the pledge, noting that DePIN (Decentralized Physical Infrastructure Networks) is still in its early stages. “In the coming years, we expect to see a broad range of DePIN products and services used across various projects and companies,” Trowbridge said.
The DePIN pledge sets up a significant step towards reinforcing the decentralization of web 3 and cryptocurrency infrastructure,ensuring these projects remain aligned with the core ideals displayed within the blockchain revolution.
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