Waterdrop Capital: Some crypto projects with realistic business models are becoming the bridge connecting Web3 with traditional capital markets. DePIN is particularly prominent among multiple sub-tracks. Representative projects such as PEAQ, Jambo, 𝙊𝙊𝙍𝙏, Swan, from machine access, Web3 mobile devices, AI data storage and computing power sharing, jointly build a key support layer of the DePIN ecosystem. @shanshan521