Resource providers are entities or individuals who supply computational, storage, bandwidth, or other physical resources to support decentralized networks and applications. In the context of Web3 and DePIN protocols, these providers are compensated with cryptocurrency tokens for their contributions. They form the foundational layer for decentralized services, enabling operations like data hosting, content delivery, or sensor data collection. Their participation is vital for the functionality and resilience of these distributed systems.
Context
The role of resource providers is central to the viability of decentralized physical infrastructure networks (DePINs) and other Web3 projects aiming to decentralize traditional services. The situation involves ongoing efforts to incentivize broader participation and ensure fair compensation for these contributors. News often covers new protocols designed to connect and reward resource providers for building out global, distributed networks for various utilities. Their collective effort underpins the operational capacity of these new digital economies.
This landmark SEC staff clarity de-risks programmatic utility token distributions by confirming that 'work-to-earn' models may fall outside Howey's scope.
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