Blockchain technology has impacted a variety of industries, including financial (DeFi), gaming (GameFi), storage, and management. As the crypto industry grows, we see new and intriguing technology and trends.
An investment group has recognized the decentralized physical infrastructure network “DePIN” as the bitcoin industry’s next wave. This forecast comes as Galaxy Fox ($GFOX), a new ICO crypto in GameFi, seeks to become the industry leader by 2024. Continue reading to discover more about this fascinating development.
DePIN Could Be the Next Trillion-Dollar Industry
A decentralized physical infrastructure network (DePIN) is an emerging trend in the crypto industry. DePINS are blockchain protocols that enable open, decentralized operation of physical hardware infrastructure.
DePINs apply the token incentive approach we know in crypto to maintain physical infrastructure. Already, DePINs have been used in several industries, including power grids, file sharing, cloud networks, mobility networks, and wireless networks.
What makes DePIN so fascinating is its potential to change how we think about and interact with physical infrastructure. On this note, FutureMoney Group, an investment firm, has called DePIN the next big thing in crypto. To tap this trillion-dollar industry, the investment firm has already launched a $5 million DePIN accelerator program.
According to data from Mordor Intelligence, the cloud computing market size is expected to grow to $1.44 trillion by 2029. While the DePIN industry only attracted $8 million in revenue in 2023, Messari has speculated that it will attract at least a slice of the global cloud computing revenue by 2029.
Galaxy Fox ($GFOX) Aims for Top Spot in the GameFi Industry
While it will be several years before DePIN reaches its potential, a new ICO crypto, Galaxy Fox ($GFOX), is already making a run for the GameFi industry. The primary component of the Galaxy Fox ecosystem is its play-to-earn web3 runner game.
The game centers on unique cosmic foxes who explore several immersive worlds, testing their limits and resisting gravity. The game was designed to pique players’ imaginations as they go around the universe filled with different immersive worlds.
Players will choose a unique Galaxy Fox to utilize as they explore the fascinating virtual world. They will also face off against other adventurous runners in multiplayer tournaments and competition fights to climb the cosmic scoreboard. The higher a player ranks on the Galaxy leaderboard, the more awards they receive, making it one of the greatest altcoins available today.
Galaxy Fox has raised the bar with its one-of-a-kind NFTs. Clearly one of the coolest NFT collections, these digital arts are integrated directly into the game. These NFTs have the potential to shift the game’s entire dynamic by providing players’ characters with the extraordinary powers, poise, and cosmic strength required to beat opponents.
$GFOX is the ERC-20 coin of the Galaxy Fox ecosystem, with a maximum supply of 5 billion tokens. The $GFOX token was also designed with a unique and exciting feature known as “token burn” to reduce its quantity and increase its value over time.
Already, $GFOX has soared by more than 200%. Still priced at $0.00198, Galaxy Fox is the best cheap crypto to buy now. However, analysts have forecasted a 100x price surge for the token as its revolutionary platform sets for launch.
Closing Thoughts
With investment firms backing DePIN, it has become one of the hottest trends to watch. Another is the new ICO crypto, Galaxy Fox, as it shakes up the GameFi industry. With its launch happening in Q1, Galaxy Fox could turn out to be the best cryptocurrency investment if you join while it’s still in its early stages.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
