Peaq, a decentralized physical infrastructure network platform, has recently seen significant adoption from major European enterprises and research institutions. The company announced on September 9 that Deutsche Telekom MMS, Lufthansa Innovation Hub, Bertelsmann Investments, and the Technical University of Munich (TUM) have joined Peaq's genesis node pool. With a combined valuation exceeding $170 billion, these organizations are now actively participating in supporting the network's infrastructure, creating opportunities for community members to stake their tokens and share the rewards.
Enterprise Interest Drives DePIN Adoption
At the core of Peaq's network lies the active node pool, limited to 32 nodes, each backed by staked tokens from the node operator and their delegators. The platform allows enterprises and community members alike to run nodes, fostering participation and decentralized governance. As the network expands, the active pool can gradually expand to accommodate growing demand.
Delegators, individuals who stake their tokens in support of active nodes, play a critical role in ensuring the network's security and performance. By delegating tokens, they not only contribute to the node's success but also earn a portion of the rewards generated.
Peaq's co-founder Dorlöchter emphasized the importance of enterprise adoption for DePIN, emphasizing that the involvement of industry giants like Deutsche Telekom and Lufthansa signals broader enterprise interest in decentralized infrastructure projects.
“Enterprise adoption is crucial for DePIN, and what we see here is a sign of wider enterprise interest for this promising segment.”
To further bridge the gap between decentralized infrastructure networks and corporate entities, Peaq launched its Enterprise Adoption Program. This initiative aims to connect leading companies with decentralized infrastructure projects, offering ecosystem updates, strategic consultations, and investment opportunities in DePIN projects on Peaq.
web3-growth">DePINs to Drive Massive web3 Growth
DePINs, blockchain protocols designed to decentralize physical infrastructure like communication networks and energy markets, are set to catalyze significant growth within the web3 ecosystem. By incentivizing individuals to contribute resources and capital through token rewards, DePINs tackle the “cold start problem” faced by resource-intensive networks effectively.
The adoption of DePINs has surged across various sectors in recent years, with over 600,000 new nodes added in 2023 alone, as reported by Messari. The market cap for DePIN projects has skyrocketed by over 400% year-over-year, reaching a total of $20 billion. This growth has been fueled by a 296% increase in DePIN fundraising, leading to the emergence of novel acronyms like DeGEN, DeGIN, zk-TLS, and AI x DePIN.
The total market cap for DePIN now sits at $20 billion, growing over 400% YoY.
With DePIN fundraising up 296% YoY, new acronyms are here including DeGEN, DeGIN, zk-TLS, and AI x DePIN.
Much has changed and much needs explaining.
It's time for a @MessariCrypto DePIN Update?
