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Decentralized physical infrastructure network (DePIN) platforms are one of the fastest-growing niches within the overall blockchain ecosystem. These networks typically act as giant decentralized marketplaces, connecting computing capacity providers and users needing this capacity. In a typical DePIN, a capacity provider may share their computer's GPU, CPU, bandwidth or other resources over the network, while a capacity consumer might rent the resource on a flexible, per-use basis.
Most DePIN providers tend to specialize in one specific operational niche, e.g., general GPU capacity, graphics rendering, AI algorithm processing or data center services. OctaSpace is a decentralized cloud computing network that can be described as one of the first "diversified" DePINs in the industry.
As a decentralized cloud computing platform, OctaSpace leverages the DePIN concept to offer various distributed computing services. These include general CPU and GPU capacity renting, graphics rendering, cloud storage, instant file sharing, artificial intelligence (AI) and machine learning (ML) algorithm processing, a VPN, password recovery services and more.
Key Takeaways:
OctaSpace (OCTA) is a cloud-based diversified DePIN platform that offers diverse distributed computing services, including GPU capacity renting, graphics rendering, AI/ML algorithm processing, a VPN and a password recovery service.
It utilizes its dedicated blockchain ecosystem, consisting of a proof-of-work-based Layer 1 chain and a proof-of-authority-based Layer 2 network.
OctaSpace's native coin, OCTA, is used for mining, staking and payment of service fees.