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Synapx joins peaq to build a wearable-based physiological data software DePIN

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peaq, the layer-1 blockchain for DePIN and Machine RWAs, announces the expansion of its ecosystem as Synapx joins to decentralize physiological data collection. Synapx is building a software DePIN utilizing health-focused wearables such as fitness trackers, activity rings, and smart watches. Its dApp will work as a decentralized marketplace for anonymized data collected by such devices — a valuable repository for health researchers, healthtech companies, decision-makers, and other entities in the field.

Health wearables are growing increasingly popular — in the US alone, about one in three adults are using one, research indicates. With the rise of AI, an industry living and breathing data, these devices could prove crucial for revolutionizing healthcare with new life-saving technologies. However, various issues, from segmented and siloed repositories to a lack of access and interpretability stand in the way of wider wearable data adoption in modern healthcare.

Synapx is building a software DePIN that will unlock data from millions of connected health wearables to researchers, healthcare providers, healthtech platforms, and other key platforms. It is building a marketplace of physiological data, protected by strong cryptography and orchestrated in an open and transparent way. The people opting to provide data for this marketplace will receive rewards for doing so and will be able to set access rules for their data, choosing who can access it.

The integration will see Synapx leverage peaq ID, outfitting each device on the network with its unique self-sovereign on-chain identifier, and add peaq-compatible wallets to its dApp. It will also use peaq SDK for key system and core function integrations, deploy smart contracts on the home of DePIN, and leverage peaq’s IPFS integration for decentralized data storage. The project will issue its token natively on peaq and set up its reward distribution mechanism on the network as well.

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“Easy access to physiological data will revolutionize the way research is done for various institutions,” says Tim Lee, Co-founder at Synapx. “With Web3, we will give people ownership over this data, enabling them to share it with researchers, charities, and healthcare professionals. With its Modular DePIN Functions, high scalability, and a robust data handling toolset, peaq is the perfect home for Synapx.”

“In the age of AI, physiological data from wearable devices is a true treasure trove for the healthcare industry,” says Leonard Dorlöchter, peaq’s co-founder. “Synapx uses the DePIN model to unlock this trove for the medtech space while empowering people to own their wellness data — a true win-win for everyone.”

The post Synapx joins peaq to build a wearable-based physiological data software DePIN appeared first on HIPTHER Alerts.

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Blockchain

Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision

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Alpine Web3 and Everdome are joining forces to push the boundaries of fan engagement through immersive digital experiences. Building on Alpine’s storied motorsport legacy, this partnership will bring fans closer to the action with metaverse pop-up spaces and interactive events.

As Alpine Web3 shifts its focus beyond motorsport, this collaboration aims to redefine sports marketing by merging the physical and digital worlds, offering fans a dynamic and innovative way to connect with their favorite teams and events.

Alpine is a brand with a long and successful history, founded in 1955 by Jean Rédélé and quickly building success across multiple motorsports disciplines. With titles across multiple motor racing disciplines such as the World Rally Championship, 24 Hours of Le Mans, success in F1® racing and the FIA WEC Endurance World Championship, Alpine has constantly innovated for success.

Now Alpine seeks to expand their innovation beyond motorsport, looking for ways to engage new audiences with experiential sports marketing as the real and digital worlds converge.

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This two-way partnership will see Everdome work on a variety of experiential Alpine focussed destinations, kicking off with a series of metaverse pop-up spaces for Alpine Web3, released to coincide with the major sporting events across their race calendar, from Formula One® and beyond.

Everdome will also create interactive events with Alpine Web3 and their partners, allowing global audiences to take one step closer to the action as we explore the future of sports fan engagement together.

Last year, Everdome and Alpine first collaborated with an exclusive metaverse AMA with their F1® driver Pierre Gasly and Binance Fan Token, creating an interactive event where the audience could join with their avatar-likenesses inside a unique environment, bringing them closer to their racing heroes inside a digital world.

“Experiential marketing is on the rise as audiences react positively to immersive, interactive experiences which bring a feeling of deeper involvement with their sporting teams and heroes.’’ said Artur Kaczmarczyk, Chief Growth Officer for Everdome. “This new partnership will explore a future of sports fan engagement, creating a series of activations across the motorsports racing calendar to let global Alpine fans feel closer to the team, drivers and brand.’’

Beginning with metaverse spaces highlighting images and videos from Alpine inside fully interactive, avatar-led digital environments, Everdome will go on to create a dedicated and permanent metaverse footprint for Alpine Racing inside their digital headquarters, showcasing their glorious history, exciting present and promising future.

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“This collaboration with Everdome underlines our commitment to constant innovation through leveraging the latest technology”, said Guillaume Vergnas, Head of Merchandising, Licensing, Esports & Web3 at Alpine. ‘’Motorsport has always been about passion, spectacle and interaction, and with Everdome we seek to allow audiences a taste of the spectacle in a novel digital world.’’

Everdome will introduce their large community of web3 followers and metaverse pioneers to Alpine’s exciting web3 ecosystem, paving the way for some exciting cross-project collaborations, activations and more across 2024 and beyond.

The post Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision appeared first on HIPTHER Alerts.

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Blockchain

Blockchain Technology Market Size to Achieve USD 1,879.30 Billion by 2034

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Blockchain

Blockchain Technology in BFSI Market Is Expected To Reach a Revenue Of USD 258.2 Bn By 2033, at 46.0% CAGR: Dimension Market Research

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