Altcoin Investing Pick: the next Filecoin
Hey everyone,
it’s Pick Day!
Every Saturday, you get deep dives on quality Altcoin projects that have numerous growth potential included in our watchlist.
Let’s dive in!
Approximately 55% of the Internet runs on Amazon Web Services (AWS) and Microsoft Azure.
The Internet’s overreliance on these two centralized providers has created growing importance for Decentralized Physical Infrastructure Networks (DePIN) such as our next pick.
In other words, protocols are seeking a decentralized technology stack instead of relying on centralized Web2 cloud service providers.
The combined market cap of the world’s 10 largest and most-influential cloud providers sits at a very impressive $5 trillion, while DePIN is just a $17 billion market.
Here lies the opportunity of today’s pick.
In particular, our next pick is a protocol that enables applications and developers to access blockchain data and is backed by top investors in the crypto industry.
As of today, they have served over 650 billions data requests for over 40 blockchains.
Now let’s tell you which project we are talking about and share the full investment case with you: