Blockchain
Wayru brings hundreds of WiFi hotspots on peaq to connect the unconnected in LATAM
peaq, the blockchain for real-world applications, announces the expansion of its ecosystem as Wayru joins to decentralize Internet access. Wayru is building a decentralized physical infrastructure network (DePIN) of community-run Web hotspots providing affordable and secure Internet access. The integration with peaq will see it make its WiFi hotspot firmware compatible with the network and link its mobile app with the blockchain, enabling users to set up their Hotspots on peaq. With its network already comprising more than 500 hotspots, Wayru operators will be able to migrate to peaq, earn rewards in the Web3 Economy of Things, and leverage peaq’s Machine DeFi.
While many in the developed world take Internet access for granted, the harsh reality is that some 3 billion people globally lack this crucial resource. While a link to this digital trove of knowledge and opportunity could do wonders for the most vulnerable communities, they are the ones lacking it most often. In South America, millions are unable to get internet access, which has fundamentally transformed the way we learn, connect, and do business.
Wayru works to close the digital gap, focusing especially on LATAM and the US, by enabling people to share their Internet connections and earn rewards in its $WRU token. To join its network, people can either purchase its Genesis hotspot or install WayruOS on any compatible hotspot. Either way, the next step is minting the device as a Non-Fungible Node (NFN). The NFN works as a track record of their hotspot, tracing its uptime and quality of service, with their rewards based on its performance. The token also grants users access to the network, enabling them to purchase credits at an affordable rate and surf the Web.
Wayru’s integration with peaq bolsters its progress on the mission to connect the unconnected by enabling the project to tap peaq’s modular DePIN functions. The latter include the multi-chain peaq IDs, compatible with Binance Chain and Solana, peer-to-peer machine payments, and role-based access control. It will also enable the Wayru community to earn rewards as part of the Economy of Things on peaq, benefitting from its DePIN-focused economic model, and leverage peaq’s Machine DeFi for setting up new hotspots.
At the initial stage, Wayru will tap the peaq software development kit (SDK) to enable the community to mint their NFNs on peaq. It will also add a peaq-compatible wallet to its mobile app. Later on, it will build a hotspot firmware version with peaq ID support, enabling users to migrate on peaq if they choose so, and officially launch on peaq. It will also enable the devices on the decentralized physical infrastructure network to earn $WRU tokens on peaq and add liquidity for the tokens.
“We are building more than a DePIN,” says Charvel Chedraui, CEO at Wayru. “The end goal is to make the Internet more decentralized and give the people more ownership in it. This vision is fully aligned with peaq’s values, which will greatly boost the project’s ability to build and scale.”
“The global digital gap is a crucial hurdle for our progress as a society,” says Till Wendler, co-founder of peaq. “The DePIN model is perfect for resolving the crisis, as it gives everyone more ownership in the infrastructure the global web runs on. It’s thrilling to see Wayru put this concept to work on peaq with such a noble goal in mind.”
The post Wayru brings hundreds of WiFi hotspots on peaq to connect the unconnected in LATAM appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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