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Home»Adoption»peaq secures node support from European infrastructure giants holding $170 billion in assets
Adoption CoinViraBy CoinVira

peaq secures node support from European infrastructure giants holding $170 billion in assets

September 13, 2024No Comments3 Mins Read
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DePIN platform peaq has recently made significant strides in enterprise adoption of Web3 technologies by adding major European enterprises and research institutions to its genesis node pool. This move highlights a growing interest in DePIN, which aims to connect real-world services with blockchain technologies. The integration of organizations such as Bertelsmann Investments, Deutsche Telekom, Lufthansa Innovation Hub, and the Technical University of Munich into peaq’s ecosystem brings a wealth of experience and resources, with combined holdings exceeding $170 billion.

peaq has been actively developing its ecosystem and forming partnerships to bridge the gap between Web3 and real-world applications. In a notable development, decentralized mapping projects like MapMetrics and NATIX Network migrated to peaq to leverage its DePIN-focused features. These migrations underscore the platform’s appeal and growing enterprise ecosystem.

The upcoming mainnet launch scheduled between Sept. 22 and Sept. 30 is a highly anticipated event for peaq, following a successful $15 million pre-launch funding round. The platform’s focus on providing a robust, scalable, and interoperable platform for DePINs, combined with its industry partnerships, positions it as a key player in the emerging DePIN space.

The Enterprise Adoption program initiated by peaq serves as a pilot to foster collaboration between DePIN projects and global businesses. This program facilitates connections between leading corporations and the DePIN ecosystem, offering updates, consulting sessions, and funding opportunities for innovative projects. The involvement of prominent entities like Bertelsmann Investments, Deutsche Telekom, and Lufthansa Innovation Hub underscores the potential of peaq’s DePIN-powered “Economy of Things” and its applications in various industries.

The genesis node pool of peaq, initially limited to 32 active nodes, is supported by tokens staked by node operators and delegators. This structure promotes open participation from different stakeholders, including enterprises, infrastructure providers, and community members. The collaboration with entities like Deutsche Telekom, Bertelsmann Investments, and others reflects a growing recognition of blockchain’s transformative role in reshaping traditional industries.

See also  PayPal and Venmo To Offer Support for Ethereum Name Service (ENS) Starting With Users in the US

The integration of major enterprises into peaq’s network infrastructure has the potential to accelerate the adoption of blockchain-based solutions across various sectors. However, the success of this initiative hinges on the ability of these partnerships to deliver practical, scalable solutions that address real-world challenges while leveraging blockchain technology’s unique features.

As this initiative unfolds, it will provide valuable insights into the practical applications and challenges of integrating DePIN solutions into established business models. This experience may influence future developments at the intersection of blockchain and traditional industries, paving the way for innovative solutions and industry standards.

assets Billion European giants holding Infrastructure Node peaq secures support
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