Decentralized Bodily Infrastructure (DePIN) challenge MapMetrics will depart the Solana ecosystem and migrate to peaq, a layer-1 answer designed particularly for DePIN and Machine real-world property (RWAs).
MapMetrics is a drive-to-earn challenge that rewards customers with tokens and NFTs for offering nameless reside visitors and map information. Just like DePIN challenge Hivemapper, the staff hopes to create a decentralized world map utilizing Web3 know-how.
Learn extra: ‘Drive-to-earn’ app goals to bootstrap ‘dynamic maps’ with crypto rewards
Brent van der Heiden, co-founder at MapMetrics, instructed Blockworks that the choice was made as peaq supplied a wide range of modular DePin performance.
“Peaq ID, a decentralized multi-chain machine identification, allows the community to prioritize actual machines in instances of excessive load,” Heiden stated. “The Modular Capabilities, such because the DePIN information verification framework, will even assist us additional develop our DePIN’s personal options.”
Moreover, Heiden notes there are a handful of potential synergies within the wider peaq ecosystem, together with with different DePINs and its enterprise companions, which can allow the staff to safe new partnerships to construct out demand for the challenge.
“Peaq’s group contains hundreds of DePIN lovers, which can assist us develop, and the Machine Composability that comes with utilizing the identical identification commonplace throughout the ecosystem will assist us faucet into the pool of units already on peaq,” Heiden stated.
The transition course of will likely be accomplished over a number of phases, starting with sensible contract deployments on peaq, adopted by transferring core enterprise logic over to the layer-1. Afterwards, native token minting will even be out there on peaq, and a bridging possibility will likely be out there to present holders.
Regardless of MapMertic’s resolution to go away the Solana ecosystem, the blockchain stays a preferred residence for a lot of DePIN tasks at this time.
Learn extra: DePin tasks have gained momentum on Solana blockchain
Natix, one other DePIN mapping challenge, revealed at this time that will probably be launching its native token on the Solana blockchain, whereas persevering with to collaborate with the peaq community.