IoTeX’s Larry Pang Takes the Helm in DePIN Leadership—What This Means for Blockchain’s Future
The Decentralized Physical Infrastructure Networks (DePIN) movement just got a major boost. Larry Pang, Head of Ecosystem at IoTeX, has been appointed as Co-Chair of the Blockchain Association’s DePIN Working Group, alongside Jacob Hample from the Filecoin Foundation.

This marks a huge step forward for the DePIN sector, which is bridging the gap between blockchain and real-world infrastructure. Here’s why this matters:

1. What is DePIN?
DePIN is all about merging the physical world with blockchain technology—from decentralized wireless networks (like Helium) to blockchain-powered data-sharing economies.

With over 13 million devices contributing daily and a market cap of $50 billion, DePIN is quickly becoming one of the fastest-growing blockchain verticals.

🚀 Yet, it still represents less than 0.1% of the $1 trillion infrastructure market—meaning the potential is enormous.

2. The Role of the DePIN Working Group
Larry Pang’s appointment comes as the Blockchain Association creates 23 industry-specific working groups to influence policy in key areas like:
🔹 DeFi
🔹 Stablecoins
🔹 Cybersecurity
🔹 NFTs
🔹 Decentralized Infrastructure (DePIN)
By leading the industry’s first dedicated DePIN policy group, Pang and the IoTeX team will play a key role in shaping regulations, industry standards, and collaboration efforts for decentralized infrastructure.
🌎 This could be the breakthrough moment that propels DePIN from niche to mainstream adoption.
3. Why This is a Game-Changer for IoTeX
IoTeX only joined the Blockchain Association in December 2024, and within months, they’ve positioned themselves at the center of the DePIN movement.
This solidifies IoTeX as a leader in real-world blockchain adoption, reinforcing their work in:
✅ Decentralized IoT networks
✅ Privacy-preserving smart devices
✅ Tokenized machine economies

🌟 With Larry Pang at the forefront, IoTeX is set to play a major role in driving DePIN adoption on a global scale.

4. What’s Next for DePIN?

The sector is still in its early days, but the numbers tell a compelling story:
💰 $50B market cap across 350 tokens
📈 100x trading multiple on annual recurring revenue (ARR)
📡 13M+ active devices contributing to DePIN networks daily
🚀 Expect major institutional involvement, regulatory clarity, and a surge in DePIN-based projects as blockchain expands beyond digital assets into the real world.

💡 DePIN is on the verge of redefining decentralized infrastructure. What are your thoughts on this emerging sector? Let’s discuss below!
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