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Peaq to launch blockchain and token in DePin expansion

Peaq to launch blockchain and token in DePin expansion

GrafaGrafa2024/11/05 14:00
By:Liezl Gambe

Peaq, a Layer-1 blockchain ecosystem for Decentralised Physical Infrastructure Networks (DePin), has announced the launch of its blockchain protocol and PEAQ token on November 12.

This launch aims to broaden the “peaqosystem,” enabling new features for Peaq’s network of 39 DePin projects.

The PEAQ token is designed to facilitate transactions, power network governance, and support new blockchain applications on the platform.

Peaq’s platform aims to streamline transactions between people and machines, promising enhanced functionality across decentralised applications.

The PEAQ token, described on the company’s website, will help "enable people and machines to transact, produce new blocks, take part in network governance, and guarantee machine trustworthiness."

In parallel, AI-focused DePin companies GAIB and io.net have entered a partnership to increase access to GPU resources for AI development.

The collaboration intends to expand AI accessibility through a mix of technical solutions and outreach programs.

“Working with io.net will allow us to further our mission of making AI compute accessible to literally everyone,” GAIB’s CEO Kony Kwong stated.

Both firms are focusing on community engagement, marketing initiatives, and onboarding efforts to foster the partnership’s growth.

Additionally, Roam, a telecom company in the DePin space, announced it is evolving into a public telecom platform.

The company plans to build Layer-1 infrastructure to create a global, blockchain-powered WiFi ecosystem.

Roam’s network will enable users to validate nodes, while developers will have the option to create third-party applications.

Roam also intends to introduce an eSIM card that provides connectivity without requiring a physical SIM card, aiming to provide wireless access worldwide.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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