September 18, 2024
Break Big Tech's Monopoly with Peaq
Dear Subscriber,
Technology is evolving at lightning speed. New innovations — from smart gadgets to automated systems — are reshaping our world daily.
But here's the catch: A handful of giant companies — Alphabet, Amazon, Meta, etc. — hold most of the power unlocked by this latest tech revolution.
And, just as critical, they control the digital landscape and dictate how we interact with it.
But that could change with the decentralization revolution.
Decentralized Physical Infrastructure Network, or DePIN, projects offer the ability to decentralize everything from data storage to energy distribution. In doing so, they could revolutionize how we interact with technology and each other.
I’ve already talked about my excitement for this movement. And the various opportunities it represents for investors.
But today, I want to focus on the latest DePIN development to pique my interest: Peaq Network (PEAQ, Not Yet Rated).
Peaq calls itself the largest and fastest growing DePIN ecosystem, with over 45 DePIN projects across 20 industries currently being built on its Layer-1 network.
In short, it is a cutting-edge blockchain platform designed to empower individuals and businesses to own, manage and profit from machines and devices … without depending on big tech companies.
Right now, the "machine economy" is the next big wave in tech. Things like self-driving cars, delivery drones and even robots are all part of this exciting, cutting-edge tech revolution.
But, as I said, it is currently dominated by a few major players.
Peaq wants to change that. Using blockchain technology, Peaq wants to give everyday people access to own — and earn from — this exciting future.
Here’s how Peaq makes it possible:
- Fractional Ownership: You don’t need to buy an entire robot or vehicle to get involved. With Peaq, you can own a fraction of these devices and earn money as they work and generate revenue.
- Direct Transactions: Peaq enables direct peer-to-peer transactions, cutting out intermediaries so more profit goes to the owners.
- Seamless Connectivity: Peaq works with Wormhole, which connects blockchains like Ethereum (ETH, “A-”), Polkadot (DOT, “C”) and BNB Chain (BNB , “C+”). This means Peaq can interact smoothly with other networks, making it more flexible and powerful.
- Speed and Affordability: Peaq’s system can handle over 100,000 transactions per second, and the fees are just a tiny fraction of a cent. This makes using Peaq both quick and cost-effective.
Real-World Use Cases
As I mentioned earlier, more than 45 DePIN projects are up and running on Peaq’s network. And many are already making things happen in the real world.
For example, Silencio (SLC, Not Yet Rated) uses Peaq’s decentralized infrastructure to address noise pollution.
Users can download the Silencio app to monitor noise pollution around them through their cell phones. That data is then recorded and saved on the Peaq’s blockchain. In return, users can earn SLC tokens.
That means users can earn rewards for sharing their personal environmental data on their own terms.
According to cofounder Theo Messerer, “Silencio is transforming the way we think about — and act on — noise pollution. The project is growing fast, and Peaq’s scalability and cost-efficiency are crucial in enabling that.”
Currently, Silencio has been downloaded on over 300,000 phones in over 180 countries.
Another notable project is ELOOP, a Vienna-based car-sharing platform that has tokenized 100 Teslas using Peaq.
With ELOOP, investors can purchase fractional ownership in these vehicles. Then, when the cars are rented in real life, they’ll earn rewards proportionate to their ownership.
The model has already raised over 1.6 million euros in token sales. And by a year after launch, ELOOP aims to hit a goal of $20 million in token sales, showing the potential for decentralized machine ownership to bring significant returns.
And projects like Silencio and ELOOP are just the beginning. With Peaq’s Token Generation Event on the horizon, even more businesses are likely to adopt Peaq’s infrastructure, accelerating the growth of this decentralized ecosystem.
In fact, by 2027, Peaq estimates that each device owner could earn around $50. Meanwhile investors might see up to $12 million in passive income.
The network has secured over $40 million in backing from leading investors like HashKey Capital and The Spartan Group. This shows confidence in Peaq’s mission to challenge big tech and reshape the future of automation.
Collaborating for a Decentralized Future
But Peaq isn’t working alone.
It’s part of a collective effort from several projects dedicated to building the future of decentralized infrastructure.
One of Peaq’s most significant collaborations is with GAIA-X MoveID, an EU-centered initiative to create sovereign data infrastructure for Europe.
This project brings together industry leaders like Bosch, Continental, Airbus and Fetch.ai (FET, “D+”) to set standards for data sharing and machine identities in mobility.
Peaq is also a member of Mobility Open Blockchain Initiative, or MOBI. It is the largest blockchain-focused mobility consortium, which includes companies like BMW, Ford, GM and IBM.
These partnerships ensure Peaq is at the forefront of the effort to decentralize the machine economy.
And the best part is, Peaq is just getting started.
Its token, PEAQ, is set to launch soon. With that, you can invest directly in the ecosystem.
And Peaq’s Token Generation Event will take place later this month. That means even more opportunities for investors and users will be unfolding soon.
Investors looking to stay on the edge of the technological revolution or for growth opportunities should stick Peaq on their watchlist.
As for me, I’ll keep my eyes peeled and give you a heads-up on future opportunities I find particularly promising.
Best,
Mark Gough
Tidak ada komentar:
Posting Komentar