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Wicrypt’s Web3 WiFi hotspots go live in the peaq ecosystem

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Wicrypt Network, a decentralized mobile Internet sharing and monetization network, announces expanding its integration with peaq, the go-to blockchain for real-world applications. The first Wicrypt WiFi hotspots are already live on krest, peaq’s sister blockchain, outfitted with their unique peaq IDs. The new version of the Wicrypt operating system makes the devices compatible with peaq off-the-shelf, making it easier for people purchasing them to connect them with the network.

Unequal access to the internet, also known simply as the digital divide, still looms large over the world, with some 2.7 billion people — about one-third of the global population — lacking access to the World Wide Web. Asia and Africa, the world’s two most populous continents, are also the most affected, with their respective internet penetration standing at 61% and 40%. And it’s usually the most vulnerable communities, those who’d stand a lot to gain from the access to online education, earning, and banking opportunities, that end up left behind most often.

Wicrypt, an innovative startup from Nigeria, is working to make the Web more accessible globally through its decentralized physical infrastructure network (DePIN) of WiFi hotspots. The hotspots enable people and businesses to share their Web connection with others, thus solving the last-mile delivery challenge, and earn tokens based on their usage stats. Currently, Wicrypt’s DePIN counts more than 1,100 hotspots and stretches across 30+ countries, with some 45,000 accounts using more than 895TB of data.

As part of its integration with peaq, first announced back in April 2023, Wicrypt has now connected several hotspots with krest, peaq’s sister chain for testing dApps and DePINs, which went live in June. The hotspots now have their unique peaq IDs, which enable them to interact with the network, and can be found on Subscan — the blockchain explorer compatible with krest — here, here, and here. The devices are now able to register their transactions on krest, which is a crucial step for further development, and will be able to earn rewards from krest’s network fee distribution with future updates.

Furthermore, Wicrypt has released a new version of its operating system for the devices, which makes them compatible with peaq off-the-shelf. New users joining the network will have the option to purchase a device that’s been connected with krest in advance. The owners of existing devices will be able to switch to this operating system manually. In a bid to support the development on peaq, Wicrypt is open-sourcing the integration and releasing the supporting documentation and videos on linking the devices with peaq. See videos step one, two, three, and four for onboarding on the peaq network.

“We are thrilled to be moving ahead with this integration and bringing the first hotspots live on krest,” says Ugochukwu Aronu, the CEO at Wicrypt. “As a production-grade network, krest gives us a perfect testing environment for everything we build on peaq, and in the longer term, it will boost the rewards users earn on our DePIN ecosystem. It’s the perfect incentivisation mechanism to power connecting the disconnected.”

“The digital divide is the plague of today’s world,” says Till Wendler, co-founder of peaq. “It’s exciting to see krest work as a testing ground for a project working to cure it. The launch of Wicrypt hotspots on krest is just the beginning as this DePIN takes on the global crisis with top-notch Web3 tools and a desire to make the world a better place.”

About peaq

peaq is the go-to blockchain for real-world applications. The peaq layer-1 blockchain enables anyone to build decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePINs) for car-sharing, street-mapping, Web access, and more, creating real-world value as part of the Economy of Things. peaq works with industry-leading consortia such as Gaia-x moveID, a €20+ million project led by Bosch, to co-create the future of smart mobility, energy, connectivity, and other important real-world industries. By empowering everyone to own, govern, and earn from the devices and infrastructure they use, peaq is democratizing abundance in the age of AI-driven automation.

For more information, visit peaq, follow peaq on Twitter for updates, and join the conversation on Discord.

About Wicrypt

Wicrypt is a decentralized WiFi internet sharing and monetization network that allows anyone to get paid for sharing their WiFi. Wicrypt is the first African company to build a peer-to-peer infrastructure for sharing mobile internet data without need for third-party integration. 

Wicrypt has an international team with experience working for some of Africa’s largest employers, including KPMG, Chevron, Accenture, Nielsen, and MTN Group, and is headquartered in Enugu, Nigeria.

Blockchain

HIPTHER and INO Partner for Community-led Business Growth Event in the Baltics

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HIPTHER, the leading organizer of premier Gaming and Technology conferences in Europe, is thrilled to announce its partnership with the Internet Native Organization (INO) for the special side event Fueling Business Growth with Community-Driven Workscheduled take place at the conclusion of the MARE BALTICUM Gaming & TECH Summit 2024 on June 5.

Innovation & Networking in Tallinn

The MARE BALTICUM Gaming & TECH Summit by HIPTHER is a pioneering event series for the Baltic and Nordic regions. Since its inception in 2018, it brings together industry leaders, visionaries, and innovators from iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, FashionTech, Virtual Reality, Mobility, Climate Change, and EdTech sectors.

This year, MARE BALTICUM takes place in cutting-edge Tallinn, where community-driven work has been transforming Estonia to a tech innovation hub.

The Internet Native Organization (INO) is a nonprofit organization born in the heart of Estonia’s digital society with the mission to construct accessible and legally compliant building blocks for advancing global adoption of Internet Native Organizations, guiding the digital era towards a more equitable and efficient future.

Fueling Business Growth with Community-Driven Work

INO partners with Intersect, a member-based organization that puts the community at the heart of their development strategy, and HIPTHER, for their first-ever local Cardano community meetup in Tallinn: “Fueling Business Growth with Community-Driven Work“.

HIPTHER’s Co-Founder and Head of Business, Zoltan Tuendik, will be joining as an expert speaker at the Panel “Community-led Growth”.

Zoltan will share valuable insights from his extensive experience as a community builder uniting the realms of iGaming, Technology, and Compliance through his multi-year activity as event organizer and show host trusted across industries.

​We invite all business leaders, entrepreneurs, academics, lawyers and community advocates to this event, where we will share the tools and knowledge to unlock the power of community-driven work and achieve exponential impact.

Are you curious about how community collaboration can supercharge your business?

Join us on June 5th, after the MARE BALTICUM Gaming & TECH Summit, at PwC Estonia for an exclusive meetup diving deep into the strategies and insights that drive real results!

The event will feature a presentation on the Introduction and Inner Workings of Intersect, followed by a thought-provoking panel discussion with diverse experts who will share their experiences and best practices for tapping into collective intelligence to fuel business growth. Attendees will gain valuable insights into creating a collaborative ecosystem that nurtures innovation and drives progress.

Fueling Business Growth with Community-Driven Work – AGENDA

  • ​6.00 PM: Opening
  • ​6:15 PM – 6:30 PM: “Intro & about INO” / Astra Tikas & Kaisa Keerd, Internet Native Organization.
  • ​6:30 PM – 6:45 PM: “Cardano and Intersect” / Tevo Saks, Cardano.
  • ​6:45 PM – 7:30 PM: Panel discussion: ” Community-led Growth” / INO, Zoltan Tuendik
  • ​7:30 PM – 7:40 PM: Closing Remarks and Next Steps. How can one be involved with Intersect? / Kaisa Keerd
  • ​7:40 PM – 9:00 PM: Networking + food & drinks 

Join us and Stay ahead of the curve:

Learn from industry experts about compliant and practical DAO applications. Network with pioneers from the Cardano community and Estonian DAO enthusiasts. Whether you’re new to DAOs or a seasoned pro, this event has something for everyone!

​Secure your spot today! FREE TICKETS with limited space

The post HIPTHER and INO Partner for Community-led Business Growth Event in the Baltics appeared first on HIPTHER Alerts.

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Blockchain

Ouinex selects Netdania to power their Web3-powered Crypto trading platform

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Blockchain

Africa & Middle East Embedded Finance Business Report 2024: Market to Grow by 36.4% to Reach $13.43 Billion in 2024 – Investment Opportunity Forecasts to 2029

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African & Middle Eastern Embedded Finance Business and Investment Opportunities Market

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