Connect with us
European Gaming Congress 2024

Blockchain

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

Published

on

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.

Advertisement

“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.

Advertisement

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

DPcryptoX Global Innovation Summit to Be Held in Singapore in January 2025, Focusing on the Future of Digital Currency

Published

on

dpcryptox-global-innovation-summit-to-be-held-in-singapore-in-january-2025,-focusing-on-the-future-of-digital-currency
Continue Reading

Blockchain

Japan RegTech Business and Investment Report 2024: Market to Grow by 19.1% to Reach $210.5 Million this Year – Forecast to 2029

Published

on

japan-regtech-business-and-investment-report-2024:-market-to-grow-by-191%-to-reach-$210.5-million-this-year-–-forecast-to-2029

Japanese RegTech Market

Continue Reading

Blockchain

Bybit Advocates Blockchain Ecosystem Expansion at Solana Breakpoint

Published

on

bybit-advocates-blockchain-ecosystem-expansion-at-solana-breakpoint
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE