Infrastructure doesn't change overnight. While the crypto world moves in weeks, the rollout of critical utility layers—telecom towers, energy grids, and high-precision positioning networks—is measured in years. In this panel, Daniel Ammann (Co-Founder of u-blox and onocoy) joins leading VCs and founders to discuss the "DePIN Reality Check." We’ll move past the speculative hype to explore why token incentives are the only way to bootstrap global hardware grids, why enterprise clients are notoriously difficult to migrate, and why 2026 marks the year DePIN transitions from a technical experiment to essential industrial infrastructure.