Polychain makes another big bet: Why do top VCs continue to bet on the DePIN track?

[{"type":"paragraph","children":[{"text":"DAWN Network, led by Polychain Capital with $13 million, is another example of capital re-staking on the DePIN (decentralized physical infrastructure) track. Its logic is: "},{"text":"using token incentives and community building models to challenge the monopoly of traditional centralized heavy asset infrastructure ","bold":true},{"text":"."}]},{"type":"paragraph","children":[{"text":"DAWN's differentiated positioning:","bold":true}]},{"type":"paragraph","children":[{"bold":true,"text":"1. Focus on \"last mile\" broadband: "},{"text":"Unlike DePIN projects such as Helium (5G) and Hivemapper (map), DAWN focuses on "},{"text":"home broadband access ","bold":true},{"text":"this more basic and larger market area."}]},{"type":"paragraph","children":[{"text":"2. Strong ecosystem binding: Cooperate ","bold":true},{"text":"with "},{"text":"Helium Mobile ","bold":true},{"text":"to expand coverage, integrate with "},{"text":"Spheron Network ","bold":true},{"text":"to access home GPUs to the AI computing market, which enhances the utility and potential benefits of its nodes."}]},{"type":"paragraph","children":[{"text":"3. Hardware and verification innovation: ","bold":true},{"text":"Its \"backhaul proof\" mechanism and Modularization hardware design aim to solve the core pain points of "},{"text":"inaccurate contribution measurement ","bold":true},{"text":"and "},{"text":"easy obsolescence of equipment ","bold":true},{"text":"in DePIN projects."}]},{"type":"paragraph","children":[{"text":"Industry Signal: ","bold":true},{"text":"Messari report predicts that projects similar to DAWN will drive on-chain DePIN revenue to exceed "},{"text":"100 million USD ","bold":true},{"text":"by 2026. Do you have confidence in this \"using Crypto to incentivize the construction of the physical world\" model?"}]},{"type":"paragraph","children":[{"text":"Track analysis and investment logic: https://blog.ju.com/dawn-network-depin-solana/?utm_source=blog","bold":true},{"text":"\n"},{"type":"topic","character":"VCInvestment","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Track","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Polychain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Helium","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"BusinessModel","children":[{"text":""}]},{"text":" "}]}]