Decentralized physical infrastructure networks (DePin) are transforming technology by enabling decentralized projects in real infrastructure.
Here’s what happened recently in the DePIN sector: the peaq ecosystem surpassed 30 projects, Privasea completed node sales, mobile app Click partnered with Campaign Verify to protect voters from political disinformation.
peaq ecosystem has surpassed 30 projects
July was a good month for peak. The Layer-1 blockchain, designed to power decentralized physical infrastructure networks and machine real-world assets, celebrated several major milestones, including surpassing 30 projects within its ecosystem.
According to Messari’s report, “peaqosystem” includes more than 850,000 machines, vehicles, robots and other devices, and manages more than $25 million in tokenized Real World Assets (RWA). Peaq also has a community of more than 150,000 members known as “peaqonauts”.
“They say that everything good and magical happens between the months of June and August. Sounds good. July was another momentous month at peaq: peaq’s launch roadmap went live, # DePINs building on peaq passed 30, ranked #1 by fundamentals by CertiK, YOM expanded from Solana to peaq, Messari’s deep dive in peaq, peaqosystem devices passed the 800K mark,” the team shared.
Read more: What is DePIN (Decentralized Physical Infrastructure Networks)?
peaq ecosystem. Source: Messari
Notable projects powered by peaq include Silencio, which uses more than 300,000 smartphones as noise sensors; XMAQUINA, which tokenizes robot revenue; and MapMetrics, a community-run navigation system that migrates from Solana to peaq and rewards users with MMAP tokens for data sharing.
One of peaq’s unique value propositions for DePINs is its modular DePIN features. These features specifically address the needs of this sector and serve as a decentralized backend for DePINs.
Privasea has completed the sale of nodes
Privasea successfully completed its node sale, with all nodes sold out within 48 hours. These nodes are part of Privasea’s DePin network, which integrates WorkHeart and StarFuel NFT nodes for secure data processing and storage. The sale expanded node combinations from 500 to 5,000 and included a StarFuel token airdrop.
“We are delighted to announce the successful completion of our junction sale, with all junctions selling out in just 48 hours. This achievement brings us one step closer to realizing our #DePIN vision,” the project said.
Read more: Top 9 Web3 projects that are revolutionizing the industry
Privasea’s journey began in 2022 when CEO David Jiao identified data circulation issues. He proposed Fully Homomorphic Encryption (FHE) as a solution. This approach, described in the Privasea Whitepaper, laid the foundation for their mission.
Key partners such as Binance Labs and OKX Ventures supported this vision, culminating in the release of the ImHuman app, which has verified over 240,000 users. With the launch of their DePIN network, Privasea is entering an exciting new phase, and the first node runners will form its backbone.
Click Partnered With Campaign Verify to fight political misinformation
Click, a mobile app powered by the Nodle Network, partners with Campaign Verify to protect voters from political misinformation. The app verifies political content using ‘Deep Reals’, which are photos and videos linked to verified political identities via Campaign Verify tokens.
The verified media is cryptographically signed and stored on the blockchain, increasing transparency and trust during elections.
“We foresee a future where disinformation is significantly reduced, especially during elections. By equipping voters with tools to verify the authenticity of digital content, we can empower them to make informed decisions based on accurate and reliable information. This partnership creates an unprecedented level of transparency and trust for political content on social media,” said Micha Benoliel, CEO and co-founder of Intergalactic Labs, the team behind Click and Nodle.
This collaboration is an important step in the fight against disinformation and ensuring honest political communication. It highlights the need for digital tools to verify political content, where false information is common.
Although DePIN is still in its early stages and has some shortcomings, it enables the exchange of tokens between synthetic and real assets. This supports traditional infrastructure by providing last-mile coverage in areas where conventional models are not economically viable.