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Peaq
peaq is a layer-1 blockchain specifically designed to be the home of DePIN (Decentralized Physical Infrastructure Networks). It provides builders with the essential backend infrastructure to create and manage applications that allow machines, vehicles, and devices to offer and access goods and services autonomously. Trusted by major companies like Bosch and Airbus, peaq is building a large ecosystem for the Machine Economy.
Distributed
Description
peaq is a layer-1 blockchain designed for Decentralized Physical Infrastructure Networks (DePINs). It aims to power the Economy of Things by providing the necessary infrastructure for machines, vehicles, robots, and devices to exchange services and payments autonomously. The platform offers Modular DePIN Functions, which are ready-to-use backend functionalities for building DePINs, such as self-sovereign machine identities, role-based access control, and peer-to-peer machine payments. peaq is built on the Polkadot/Kusama ecosystem, leveraging its scalability, security, and interoperability. It is designed to be environmentally friendly and highly scalable, with a vision to support over 100,000 transactions per second. The ecosystem includes a wide range of projects building on peaq, spanning industries like mobility, energy, connectivity, and agriculture, with partners including major corporations like Bosch, Airbus, and Continental.Grant Funding
VC Funding
None
2021
2024
$0
$23M