Exclusive: Wi-Fi DePIN XNET announces AT&T partnership

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Xnet, a Solana-based venture that builds a decentralized community of Wi-Fi hotspots, works along with the American telecom large AT&T. The cooperation will allow AT&T to load cell knowledge site visitors to the XNet community, the workforce informed Lightspeed completely.

Xnet sells Wi-Fi hotspots that may implement corporations and public areas in alternate for XNet token rewards. Collectively, the Patchwork of Hotspots varieties a distributed wi-fi community. XNet works along with Cell Carriers to load cell knowledge to its hotspots the place accessible, whereby the congestion of the community is relaxed and the protection improves – whereas the cell carriers pay Xnet for the info.

Underneath the settlement with AT&T, which has been dwell since September 2024, AT&T wi-fi clients hook up with the Wi-Fi community of Xnet the place accessible. AT&T pays Xnet in {dollars} for knowledge use and Xnet passes on to his junction operators.

In line with a Dune dashboard, XNet at present has 688 lively nodes and round 9 million customers are related through the Wi-Fi Offloading community. The switch between the protection of AT&T and the WiFi of Xnet is seamless, and most customers don’t know that it’s taking place, stated co-founder of Xnet Richard Devaul. He added that bootstrapping would have been tough for an organization like Xnet with no token.