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Public Key

What You Need to Know About Decentralized Physical Infrastructure Networks (DePIN)

Nov 14, 2023
Ian Andrews (CMO, Chainalysis) and Co-Executive Directors of Web3 Working Group, Amy and Devon James, discuss decentralized physical infrastructure networks (DePIN) in the technology space. They emphasize the need for open protocols, challenges of building in Web3, and educating policymakers about potential technologies.
46:03

Podcast summary created with Snipd AI

Quick takeaways

  • Web3 needs to be as easy to use as Web2 to attract average users.
  • Open protocols and standards are crucial for interoperability and competition in Web3.

Deep dives

Decentralization and User Experience in Web3

The podcast discusses the importance of making Web3 as easy to use as Web2 in order to attract average users. Decentralization alone is not enough of a user benefit to onboard the next billion people to Web3. The lack of user-friendly interfaces and confusing transactions in Web3 are highlighted. The podcast also mentions the need for open protocols and standards to ensure interoperability and competition in Web3.

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