Waterdrop Capital: Some encryption projects with realistic business models are becoming a bridge connecting Web3 with traditional capital markets. Among multiple segmented tracks, DePIN stands out particularly. Representative projects such as PEAQ, Jambo, 𝙊𝙊𝙍𝙏, Swan, jointly build the key support layer of the DePIN ecosystem from machine access, Web3 mobile devices, AI data storage, and computing power sharing. @shanshan521 m.odaily.news/post/5203236