Next Trillion-Dollar Company Predicted to Emerge from DePIN Industry: Uplink CEO
Summary:
The co-founder and CEO of Uplink, Carlos Lei Santos, predicts the emergence of the next trillion-dollar company from the decentralized physical infrastructure network (DePIN) industry, in response to the growing demand for wireless hardware connectivity. He likens this future trillion-dollar corporation to Amazon Web Services, as a decentralized "orchestrator", linking various infrastructures. With the DePIN industry projected to reach over $3.5 trillion by 2028, a new era of decentralized connectivity solutions is anticipated to overcome current interconnectivity inefficiencies.
An unprecedented company amassing a value of $1 trillion is predicted to originate from the decentralized physical infrastructure network (DePIN) domain. This potential powerhouse is anticipated to emerge in response to the increasing demand for augmented wireless hardware connectivity, voiced by Carlos Lei Santos, co-founder and CEO of Uplink, during an exclusive conversation with Cointelegraph. Santos passionately expressed his belief in the likelihood of the next trillion-dollar company originating from the wireless connectivity sector, given its current growth trajectory.
This impending titan, according to Santos, will essentially reflects a decentralized connectivity infrastructure, representing the evolutionary trajectory of this sector. Uplink, among other organizations, is actively contributing towards enhanced connectivity by integrating new with existing wireless infrastructure, employing its decentralized wireless network.
Santos envisions the forthcoming trillion-dollar enterprise not as a centralized entity, but as a decentralized orchestrator, linking disparate infrastructures. The blueprint for this orchestrator is likely to echo that of Amazon Web Services (AWS), the globe's most utilized cloud computing platform, akin to AWS's orchestration of diverse infrastructures.
The sheer scale of AWS's reach is indicated by a 2022 report by Intricately, documenting that over 1.45 million businesses prefer AWS, the world's most extensive cloud provider.
Predictions by Messari from January 2023 suggest that the DePIN industry, one of the most rapidly evolving domains, projected to command an addressable market exceeding $2.2 trillion, will likely cross the $3.5 trillion threshold by 2028, indicating a potential increase of over $1.3 trillion.
Santos fully aligns with Messari's forecast, attributing the anticipated growth to an escalating demand for innovative decentralized connectivity solutions capable of transcending current interconnectivity inefficiencies. He firmly asserted that the existing method of deploying connectivity infrastructure is no longer viable due to increasing connectivity requirements posed by a surging number of devices.
Published At
5/30/2024 2:29:16 PM
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