Market
Helium Eyes Energy Sector, and More
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.
Here’s what happened recently in the DePin sector: World Mobile surpassed 100,000 daily users, A Swedish energy project called Srcful proposed becoming a Helium subnetwork, Crust has partnered with Xcavate to provide better decentralized storage solutions for real estate tokenization.
The World Mobile Network Surpasses 100,000 Unique Daily Users
World Mobile, the global blockchain-based wireless network, has hit a major milestone by surpassing 100,000 unique daily users. This achievement marks a 400% increase in unique daily users over the past year.
The network’s expansion across Africa, Asia, and the USA has played a crucial role in this growth. Notably, World Mobile has deployed 1,798 AirNodes globally, including five in the USA, 680 in Zanzibar, and 1,113 in Pakistan. This achievement positions World Mobile as the largest network by unique users in the wireless DePIN category.
“Over 100,000 daily customers across three continents, connecting to 1,846 AirNodes. One unifying mission, driving one visionary team, powered by one pioneering community,” the team wrote on X.
Read more: What Is World Mobile?
The network supports its participants through World Mobile Token (WMT). All transactions on the network, including calls, data usage, and wallet transactions, are paid out in WMT to node operators and token stakers. This system ensures that participants are rewarded and incentivized, nurturing an engaged and active user base.
Following the announcement of this milestone, World Mobile has shared an ambitious roadmap for the rest of 2024. Plans include further global AirNode deployments, additional AirNode sales, and a token migration to Base, Ethereum, and BNB Chain.
Helium Eyes Energy Sector
On July 1, the Helium Foundation hinted at new “subnetworks” in a blog post, suggesting they would go “beyond wireless.” People speculated these might involve proof-of-location or decentralized computing.
A few days ago, the mystery was solved. A Swedish energy project called Srcful proposed becoming a Helium subnetwork with its own ENERGY token.
A proposed firmware upgrade would let existing Helium IoT hotspots also support Srcful. This would expand the network’s usefulness and provide another way to earn tokens. The proposal also mentions special “gateways” that could act as hotspots, requiring vendors to stake 50 million ENERGY tokens to sell them.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
If the governance vote passes, Srcful plans to use Helium hotspots to run a virtual power plant (VPP). A VPP combines small energy sources, like household solar panels and batteries, to support the energy grid.
In Srcful’s plan, households would share power from their solar panels or batteries, earning ENERGY tokens in return. Helium hotspots would manage these panels and batteries, and hotspot operators would also get rewards.
Srcful would then sell the VPP’s energy to clients like energy companies or grid operators, aiming to generate revenue to sustain the project.
Crust Network to Deliver a New Storage for Real Estate Tokenization
Crust Network has partnered with Xcavate to provide better decentralized storage solutions for real estate tokenization. With Crust Network’s help, Xcavate can store property data securely and in a decentralized way.
This partnership offers:
- Secure Storage: Crust’s decentralized network keeps all real estate data safe, preventing single points of failure and improving data integrity.
- Trustless Environment: Crust’s storage capabilities combined with Xcavate’s tokenization protocol create a secure and trustworthy system for users.
- Scalability: Crust’s storage solutions can handle large amounts of property data efficiently, supporting Xcavate’s goal of making real estate accessible worldwide.
This collaboration is a big step toward Xcavate’s mission of democratizing real estate investments. By using Crust’s decentralized storage, Xcavate ensures property data is secure, unchangeable, and easily accessible, boosting trust and transparency in real estate tokenization.
Read more: How To Invest in Real-World Crypto Assets (RWA)?
Prophecy Market Insights predicts the global real estate tokenization market will grow at a compound annual growth rate (CAGR) of 2.90% from 2024 to 2034. They expect market revenue to increase from $3.8 billion in 2024 to $26 billion by 2034.
These developments indicate a promising future for DePIN, with more prominent players entering the sector and new solutions emerging. While DePIN is still in its early stages and has some flaws, it allows for the exchange of tokens between synthetic and real-world assets. This supports traditional infrastructure by providing last-mile coverage in areas where conventional models are not economically feasible.
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