Polkadot-related Peaq, a layer-1 blockchain network tailored for Decentralized Physical Infrastructure (DePIN) and Real-World Assets (RWAs), was acquired last week by two major DePIN projects, MapMetrics and Natix Network.
MapMetrics migration
On April 25, Web3 drive-to-ear platform MapMetrics revealed that it was migrating from the Solana blockchain to Peaq in order to take advantage of the various features accessible through the DePIN-focused network.
According to the company, the migration would allow it to take advantage of Peaq’s seamless integration with other DePINs and its innovative Machine Composability feature. Other identified benefits include synergy within Peaq’s growing enterprise ecosystem and the use of key DePIN features and economics of the blockchain.
MapMetrics rewards users with tokens and NFTs in exchange for contributing anonymous real-time traffic and map data. The project aims to create a decentralized world map using Web3 technology.
Brent van der Heiden, co-founder of MapMetrics, emphasized the need for a DePIN-centric environment and stated that Peaq meets this requirement and more. He highlighted Peaq’s transaction stability, robust machine data verification and favorable economic model aligned with DePIN operations.
NATIX street maps
On April 26, Peaq announced NATIX Network’s successful integration of its IDs into its street mapping DePIN. Peaq ID is a decentralized machine identity used on the Layer1 network.
During the testing phase, NATIX made effective use of Peaq IDs within its Drive& app, a platform dedicated to real-time geospatial data collection. NATIX has assigned Peaq IDs to mobile devices within the app’s testing environment, effectively managing data flows.
In the future, NATIX plans to delve deeper into the capabilities of Peaq IDs in addition to other core features such as Peaq Access and Peaq Verify. By integrating Peaq Verify, a data verification framework, the network could enjoy increased data integrity, which is crucial in protecting against potential misuse by malicious entities.
Natix is a DePIN project that collects real-time card data via the Drive& mobile app. The app allows users to record map data using smartphone cameras and driver assistant applications such as dashcams.