DeNet Unveils Migration From Polygon to peaq

peaq, the L1 blockchain for DePIN and real-world property, declares the large enlargement of its ecosystem as DeNet joins to deploy its DePIN-powered storage layer. Along with the migration from Polygon (POL), DeNet shares the plans for upcoming token cash.

Progressive DePIN mission DeNet involves a climax: Particulars

Decentralized storage protocol DeNeta pioneer within the information phase for DePIN, has begun its migration from Polygon (POL) to peaka DePIN-centric layer 1 blockchain. As a part of this enormous step for the worldwide DePIN phase, DeNet is predicted to launch two utility tokens.

DeNet is constructing an environmentally pleasant information storage DePIN that leverages present capabilities to allow folks and companies to reclaim possession of their information.

With 100,000 DeNet Storage customers worldwide and greater than 13 million information uploaded, DeNet has a confirmed observe file of delivering worth to the Web3 neighborhood. It at present has a tokenized storage capability of 9 petabytes – sufficient to host over 16,000 years of HD video inside its neighborhood of datakeepers from over 25 international locations.

Initially developed within the Polygon (POL) ecosystem, it is going to now head to peak on the eve of a extremely anticipated mainnet launch. This strategic migration is predicted to strengthen the DePIN sector as demand for privacy-first and decentralized information storage grows with extra use circumstances and adoption.

TBY and DENET tokens will go dwell after the transition

As a part of the combination, DeNet will mint its storage token, TBY, and deploy its core sensible contracts on peaq. As well as, DeNet shall be transitioning its key purposes, nodes and the extremely profitable Retailer&Earn program, prepared to achieve a wider viewers by the launch on peaq.

After this, DeNet will combine its SDK with the peaq SDK and launch its DENET multi-purpuse token on the peaq community. Builders trying to construct on peaq, together with tasks already built-in into the peaq ecosystem, will be capable of natively leverage DeNet’s DePIN Storage Layer, assembly vital market demand for 100% decentralized companies.

Rafik Singatullin, co-founder of DeNet, is assured that the brand new integration will pave the best way for groundbreaking upgrades within the DePIN subject:

DeNet permits people to contribute their unused storage capability to construct a totally safe community, delivering distinctive rewards for all contributors. With the DeNet Storage Protocol, anybody can develop progressive and safe companies. This inherent flexibility is strategically designed to place us as pioneers within the quickly evolving multipolar panorama.

Leonard Dorlöchter, co-founder of peaq, anticipates that all-new information storage designs shall be unveiled as a part of the brand new partnership:

The DePIN mannequin has huge potential to revolutionize information storage. It may possibly make everybody a stakeholder within the fast-growing information financial system whereas making it fairer and extra sustainable. DeNet is on the forefront of this growth and we’re excited to see it be part of the Peaq ecosystem.

DeNet’s DePIN permits anybody to order the unused arduous drive house on their PC or different gadgets and earn rewards for offering decentralized information storage companies. The DePIN gives builders doubtlessly limitless scalability whereas giving the neighborhood the chance to retailer information in a decentralized and personal method and earn rewards by contributing their storage capabilities.

As beforehand reported by U.At present, the peaq ecosystem was joined by Kaisar Community and Ec³ earlier this 12 months.