DePIN protocol peaq gears up for mainnet launch as token offering ‘closing in by the day’

Leonard Dorlochter, the co-founder of peaq, revealed that the layer-1 blockchain focused connected decentralized carnal infrastructure networks (DePINs) and Machine RWAs is gearing up for its mainnet motorboat and token offering successful an exclusive connection to CryptoSlate.

“The mainnet motorboat volition beryllium a historical milestone for the project, the culmination of years’ worthy of probe and development, of collaborations with manufacture giants similar Bosch.

Equally breathtaking is the information that soon, we volition statesman to unfastened peaq to the assemblage done the upcoming token offering[…] these breathtaking events volition instrumentality spot implicit the adjacent fewer weeks, they are closing successful by the day.”

The announcement comes connected the heels of peaq’s palmy $15 cardinal pre-launch backing round, led by Generative Ventures and Borderless Capital, with information from a big of salient Web3 investors. The important concern successful peaq highlights the increasing involvement successful the DePIN space, which Messari estimates could scope a marketplace imaginable of $3.5 trillion by 2028.

While details astir the token offering stay nether wraps owed to ongoing processes, Dorlochter confirmed that these events are acceptable to unfold implicit the adjacent fewer weeks. He besides shared plans for a large run to enactment DePINs gathering connected peaq, stating, “We are readying a large run to enactment the DePINs gathering connected peaq and foster their adoption done a wide assortment of gamified challenges with rewards to earn.”

peaq’s layer-1 blockchain is specifically designed to cater to the unsocial requirements of DePINs, offering important backend functions, a machine-centric economical model, and a supportive ecosystem. These features differentiate peaq from different networks, with the purpose of positioning it arsenic a starring subordinate successful the DePIN space.

The backing circular follows a twelvemonth of important maturation for peaq, which saw the onboarding of implicit 20 DePINs spanning assorted usage cases, specified arsenic Silencio, ELOOP, and Wingbits. In 2023, peaq showcased its real-world applications done collaborations with manufacture leaders similar Bosch and Fetch.ai, demonstrating the imaginable for DePINs to span the spread betwixt Web3 and the carnal world.

As the DePIN assemblage continues to summation traction, peaq’s upcoming mainnet motorboat and token offering are acceptable to play a important relation successful driving the adoption and maturation of decentralized carnal infrastructure networks. The project’s absorption connected providing a robust, scalable, and interoperable level for DePINs, coupled with its increasing ecosystem and manufacture partnerships, positions it astatine the forefront of the Web3 revolution.

With the backing of salient investors and a wide imaginativeness for democratizing entree to carnal infrastructure, peaq is poised to unlock the immense imaginable of the DePIN assemblage and pave the mode for a much inclusive and sustainable aboriginal successful the property of AI and automation.

The station DePIN protocol peaq gears up for mainnet motorboat arsenic token offering ‘closing successful by the day’ appeared archetypal connected CryptoSlate.