XYO Network tops 10M DePIN nodes — Co-founder

Non-crypto native users comprise about 80% of participants in the decentralized physical infrastructure network.

XYO Network has onboarded more than 10 million nodes to its decentralized physical infrastructure network (DePIN), co-founder Markus Levin told Cointelegraph in an interview.

The nodes mostly comprise human users who provide data in exchange for rewards via the network’s mobile application, COIN. “The vast majority of our 10 million nodes are mobile users, but some are IoT devices like smart speakers,” Levin told Cointelegraph.

Approximately 80% of XYO’s users are non-crypto natives who are participating in Web3 for the first time, he added.

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