Ambient Launches World's Largest Environmental DePIN on Solana After Acquiring 25K Sensors
8/12/24
By:
Mia Richardson
Ambient Launches World's Largest Environmental DePIN on Solana After Acquiring 25K Sensors
Introduction
Ambient, a leading Decentralized Physical Infrastructure Network (DePIN), is making waves in the environmental data space by launching the world's largest decentralized network of environmental sensors on the Solana blockchain. This strategic move follows their acquisition of PlanetWatch, an existing air quality monitoring DePIN on Algorand, with a robust network of 25,000 sensors across 20+ countries.
Network Expansion & Migration
In May, Ambient secured $2 million in seed funding, with key investments from Solana Ventures, and announced their ambitious plan to migrate PlanetWatch's infrastructure to Solana. The migration aims to enhance the scalability and efficiency of their platform, enabling Ambient to build the largest environmental monitoring network globally. The network has already generated over 11.2 billion air quality data streams and is set to expand into other environmental metrics, including noise and light pollution.
The AmbiGo! App
Ambient's upcoming AmbiGo! mobile app, launching in Q2 2024, is designed to empower individuals to contribute to environmental data collection using their smartphones. This innovative approach will allow users to capture human-driven environmental data, making environmental monitoring more accessible and widespread. The app has already garnered significant interest, with 21,600 early sign-ups in just one week.
Tokenomics & Rewards
Ambient's tokenomics outline the distribution of its upcoming SPL utility token, with a total supply capped at 1 billion tokens. Mining rewards constitute 40% of the total supply, with a release schedule that spans over ten years. The token will serve as a backbone for incentivizing network participants, including sensor owners and mobile app users, for contributing valuable environmental data streams.
Strategic Partnerships
Ambient's success is bolstered by its strong partnerships. Borderless Capital, a leading DePIN investor, and Emrit, a major Helium and PlanetWatch miner deployer, are incubating Ambient, providing vital resources and guidance. Additionally, Solana Ventures and Solana Foundation are connecting Ambient to key players within the Solana ecosystem, further strengthening their position in the DePIN space.
Final Thoughts
Ambient is setting a new standard in environmental monitoring by leveraging the power of blockchain technology. Their migration to Solana, combined with strategic partnerships and innovative tools like the AmbiGo! app, positions them at the forefront of the DePIN movement. As they continue to expand their network and enhance their platform, Ambient is on a mission to empower communities worldwide to drive meaningful change through decentralized environmental data collection.
#EnvironmentalData #DePIN #SolanaBlockchain #AmbientNetwork #DePINWorld
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