Peaq Blockchain Network Becomes a Pioneer in the DePIN Sector with a $15 Million Investment

Peaq Blockchain has secured significant investment for decentralized physical infrastructure network (DePIN). The $15 million funding led by Generative Ventures and Borderless Capital also included major investors such as Spartan Group, CMCC Global, and Animoca Brands. This investment took place before Peaq’s own mainnet and PEAQ token launch, highlighting the interest in the DePIN sector. Interest of the Investment and Peaq’s Goals By hosting over 20 DePIN networks, Peaq enables projects to use blockchain technology without the burden of infrastructure management. With the increasing interest in the DePIN model, Peaq plans to support the adoption of decentralized infrastructure in the crypto world and aims to be a leading provider in this area. The success of the funding round demonstrates investors’ confidence in Peaq’s vision and belief in the potential of this technology to disrupt the traditional cloud services market. Future of the DePIN Sector and Market Value DePIN is a […]

Peaq Blockchain Network Becomes a Pioneer in the DePIN Sector with a $15 Million Investment

Peaq Blockchain has secured significant investment for decentralized physical infrastructure network (DePIN). The $15 million funding led by Generative Ventures and Borderless Capital also included major investors such as Spartan Group, CMCC Global, and Animoca Brands. This investment took place before Peaq’s own mainnet and PEAQ token launch, highlighting the interest in the DePIN sector.

Interest of the Investment and Peaq’s Goals

By hosting over 20 DePIN networks, Peaq enables projects to use blockchain technology without the burden of infrastructure management. With the increasing interest in the DePIN model, Peaq plans to support the adoption of decentralized infrastructure in the crypto world and aims to be a leading provider in this area.

The success of the funding round demonstrates investors’ confidence in Peaq’s vision and belief in the potential of this technology to disrupt the traditional cloud services market.

Future of the DePIN Sector and Market Value

DePIN is a concept that builds physical infrastructure networks using blockchain technology and token incentives, offering a decentralized alternative to central cloud services. With the advancement of blockchain technology, decentralized infrastructure solutions like DePIN are shaping the future of the digital economy.

According to crypto data provider Messari’s estimates, the DePIN sector could reach a market value of $3.5 trillion by 2028, indicating significant growth potential for the sector.

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