DePIN X
DePIN X is a 2024-vintage venture capital and incubation firm investing in early-stage Decentralized Physical Infrastructure Networks. It operates the Aethir Checker Node product (95:5 investor revenue split) and manages a $20M asset base backed by Filecoin mining providers.
- Company typePrivate
- Founded2024
- Headquarters—
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What DePIN X does
DePIN X is a venture capital and incubation firm focused on early-stage Decentralized Physical Infrastructure Networks (DePIN). Founded in 2024 and privately held, the company targets the DePIN sector with a $20 million asset management base backed by top Filecoin mining service providers. The team of 1-10 is distributed across Hong Kong, Singapore, Australia, and North America, with core members drawn from Google, Baidu, Hashkey, and OKX, each with over five years of IT and blockchain experience.
The company's primary productized offering is the Aethir Checker Node, a one-click mining service where investors provide an NFT and DePIN X operates all underlying infrastructure from its Southeast Asia Tier 3 data centers. The firm retains 5% of mining revenue while investors receive 95%, a split it markets as the best on the Aethir network. Beyond Aethir, DePIN X has assembled a portfolio of 100+ DePIN projects spanning Filecoin, Solana, Polkadot, Arweave, ICP, Helium, Chia, Celo, IoTeX, Polygon, Nervos, Uniswap, Aleo, and DeepLink.
DePIN X monetizes through two channels: a 5% take rate on node-mining yield from its Checker Node product, and fund-style returns on direct investments in early-stage DePIN projects. Distribution is product-led via depinx.com for node purchases and direct outreach ([email protected], [email protected]) for B2B investment and infrastructure partnerships, supported by Twitter/X and LinkedIn presence. The firm positions itself within a DePIN market that it cites as exceeding $10 billion today and projected by Messari to reach $3.5 trillion by 2028.
DePIN X firmographics
Firmographics- Name
- DePIN X
- Legal name
- DePIN X
- Website
- https://depinx.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- DePIN X is a 2024-vintage venture capital and incubation firm investing in early-stage Decentralized Physical Infrastructure Networks. It operates the Aethir Checker Node product (95:5 investor revenue split) and manages a $20M asset base backed by Filecoin mining providers.
- Ownership category
- akta.pro rank
DePIN X industry classification
Industry- Product category
- Decentralized Physical Infrastructure (DePIN) Venture Capital & Node Mining
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- DePIN Hardware, Devices & Supply Chain (miners/routers/hotspots, firmware, device management) (FSAPALAJ)
- akta.pro secondary industries
- DePIN Orchestration, Scheduling & Middleware (resource discovery, job scheduling, workload orchestration) (FSAPALAK), DePIN Payments, Incentives & Reputation (token incentives, staking/slashing, QoS/reputation, settlement) (FSAPALAL)
Keywords
DePIN X business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Node Mining Revenue Share: DePIN X operates Checker Nodes where users own NFTs and receive 95% of mining revenue while the company retains 5%. The company handles all technical operations, maintenance, and infrastructure provisioning.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Checker Node - 95% revenue share |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
DePIN X product offering
Product offeringCore offering
DePIN X is a venture capital fund and ecosystem incubator that supports early-stage Decentralized Physical Infrastructure Networks (DePIN) projects through capital deployment, hardware provisioning, technical consultancy, and media/ecosystem services. Its flagship commercial product is the Aethir Checker Node, a one-click node-mining service in which users supply an NFT and DePIN X handles all hardware, software, maintenance, and algorithm optimization, returning 95% of mining revenue to the investor. The firm is backed by top Filecoin mining service providers with $20 million in asset management scale.
Product overview
DePIN X is a venture fund and ecosystem incubator supporting early-stage DePIN (Decentralized Physical Infrastructure Networks) projects. The company's primary product is the Aethir Checker Node, which enables investors to participate in decentralized infrastructure mining with one-click simplicity. DePIN X also provides a suite of supporting services including capital deployment, hardware equipment provision, ecosystem and media services, and technical consultancy. The offering is structured as a platform service where users provide NFT-based node access while DePIN X handles all technical operations, maintenance, and profit distribution through Southeast Asia Tier 3 data centers with 95% of revenue going to investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Aethir Checker Node One-click node-mining service for Decentralized Physical Infrastructure Networks; users supply only an NFT and DePIN X handles all technical operations, hardware provisioning, algorithm optimization, and maintenance, returning 95% of mining revenue to the user. Targeted at retail crypto investors seeking passive exposure to DePIN infrastructure yields.
- DePIN Project Capital / Liquidity Provision Direct investment and capital deployment into early-stage DePIN projects as part of DePIN X's venture fund activities, with an asset management scale of $20 million. Targeted at founders and operators of early-stage DePIN projects.
- Hardware Equipment Supply Hardware equipment provisioning and infrastructure supply for DePIN projects and operating partners, backed by Southeast Asia Tier 3 data center capabilities. Targeted at DePIN infrastructure participants needing physical equipment and operational support.
- Ecosystem and Media Services Ecosystem incubation, media amplification, scientific activities, and hackathon events for early-stage DePIN projects, designed to enhance visibility and ecosystem connections. Targeted at founders and operators of early-stage DePIN projects.
- DePIN Consultancy Services Technical consultancy covering algorithm optimization, hardware/software enhancements, and ongoing technical maintenance for DePIN projects. Targeted at founders, operators, and infrastructure participants of DePIN projects.
Quantifiable outcome
- 95% revenue share for node investors (best split on entire network)
- +2 more outcomes
Companies that use DePIN X
Customer profileSegments3 records
Ideal customer profiles3 records
DePIN X technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
DePIN X partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- AethircorePortfolio company and partner providing Checker Node infrastructure. Aethir represents the hardware/GPU infrastructure layer of DePIN X's offerings.
- SolanaminorPortfolio investment in Solana ecosystem - one of 100+ DePIN projects in portfolio.
- PolkadotminorPortfolio investment in Polkadot ecosystem - one of 100+ DePIN projects in portfolio.
- ArweaveminorPortfolio investment in Arweave ecosystem - one of 100+ DePIN projects in portfolio.
- Internet Computer (ICP)minorPortfolio investment in Dfinity/ICP ecosystem - one of 100+ DePIN projects in portfolio.
- HeliumminorPortfolio investment in Helium ecosystem - one of 100+ DePIN projects in portfolio.
- ChiaminorPortfolio investment in Chia blockchain - one of 100+ DePIN projects in portfolio.
- CelominorPortfolio investment in Celo ecosystem - one of 100+ DePIN projects in portfolio.
- IoTeXminorPortfolio investment in IoTeX ecosystem - one of 100+ DePIN projects in portfolio.
- PolygonminorPortfolio investment in Polygon ecosystem - one of 100+ DePIN projects in portfolio.
- NervosminorPortfolio investment in Nervos ecosystem - one of 100+ DePIN projects in portfolio.
- UniswapminorPortfolio investment in Uniswap ecosystem - one of 100+ DePIN projects in portfolio.
- AleominorPortfolio investment in Aleo ecosystem - one of 100+ DePIN projects in portfolio.
- DeepLinkminorPortfolio investment in DeepLink ecosystem - one of 100+ DePIN projects in portfolio.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
DePIN X competitors and assessment
Company assessmentEmerging players
- IoTeX: IoT-focused DePIN network in DePIN X's portfolio. Comparable as a DePIN protocol operating in the hardware/infrastructure layer that DePIN X both invests in and supports with hardware and technical services.
- Helium: Wireless DePIN network that is part of DePIN X's portfolio and exemplifies the physical infrastructure networks DePIN X backs. Comparable as a flagship DePIN project whose economic model influences DePIN X's node-mining thesis.
- Aethir: GPU-focused DePIN protocol and core partner of DePIN X via the Checker Node product. Comparable as it sits in the DePIN ecosystem DePIN X invests in and operates against, and shapes the token economics that drive DePIN X's revenue.
Direct peers
- Multicoin Capital: Crypto-native venture fund that has publicly invested across DePIN, DeFi, and infrastructure. Comparable as a thesis-driven, early-stage crypto fund operating in the same DePIN deal universe DePIN X targets.
- OKX Ventures: The venture arm of OKX exchange, which is part of DePIN X's team lineage. Both deploy capital into early-stage DePIN, DeFi, and infrastructure projects and offer operational support to portfolio companies.
- Hashkey Capital: Asia-based crypto venture fund that is also referenced in DePIN X's team pedigree. Both invest across DePIN, Web3 infrastructure, and exchange-adjacent assets, with similar geographic focus on Hong Kong and Singapore.
- Mechanism Capital: Crypto venture fund with stated focus on DePIN and DeFi. Overlaps with DePIN X on early-stage DePIN allocations and offers similar value-add to emerging protocols.
- IOSG Ventures: Early-stage crypto-native fund actively investing in DePIN, restaking, and infrastructure narratives. Directly competes for the same DePIN founder mindshare and allocation in seed/strategic rounds.
- 1kx: Crypto-native fund actively investing in DePIN, DeFi, and infrastructure. Similar fund structure, stage focus, and deal universe, making it a direct competitor for DePIN allocations.
Broad incumbents
- Filecoin / Protocol Labs: Decentralized storage protocol whose mining service providers back DePIN X's $20M asset base. Comparable as the leading decentralized storage DePIN whose ecosystem overlap and service-provider relationships directly shape DePIN X's positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
DePIN X social profiles
Digital presenceDePIN X financial estimates
Financial estimateRevenue estimate
Valuation estimate
DePIN X leadership team
Management profileNumber of profiles
Profiles1 record
DePIN X funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DePIN X M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DePIN X
What does DePIN X do?
DePIN X is a venture capital fund and ecosystem incubator that supports early-stage Decentralized Physical Infrastructure Networks (DePIN) projects through capital deployment, hardware provisioning, technical consultancy, and media/ecosystem services. Its flagship commercial product is the Aethir Checker Node, a one-click node-mining service in which users supply an NFT and DePIN X handles all hardware, software, maintenance, and algorithm optimization, returning 95% of mining revenue to the investor. The firm is backed by top Filecoin mining service providers with $20 million in asset management scale.
Is DePIN X a public or private company?
DePIN X is a private company. It is classified as venture growth investor backed and is currently operating.
When was DePIN X founded?
DePIN X was founded in 2024. It employs 1 to 10 people.
How does DePIN X make money?
One revenue line is on record: node Mining Revenue Share.
Who are DePIN X's main competitors?
Emerging players on record are IoTeX, Helium and Aethir. Direct peers are Multicoin Capital, OKX Ventures, Hashkey Capital, Mechanism Capital, IOSG Ventures and 1kx. Filecoin / Protocol Labs is listed as a broad incumbent.
Does DePIN X have an API?
No public API is recorded for DePIN X.
What industry is DePIN X in?
DePIN X's product category is Decentralized Physical Infrastructure (DePIN) Venture Capital & Node Mining. Its primary akta.pro industry code is FSAPALAJ, DePIN Hardware, Devices & Supply Chain (miners/routers/hotspots, firmware, device management), with a secondary code of FSAPALAK, DePIN Orchestration, Scheduling & Middleware (resource discovery, job scheduling, workload orchestration). Its NAICS code is 525 and its SIC code is 6199.