DePIN Digest: Q2 2024 Peaqosystem Review - Major Milestones and Exciting Growth

Securing Major Funding

In the past three months, peaq has made significant strides, starting with securing $20 million in the largest CoinList launch in the past two years. This funding will fuel further development and expansion of the peaqosystem.

Joining Mastercard Start Path Program

Peaq’s acceptance into the Mastercard Start Path program marks another milestone. This partnership will explore new ways to integrate DePIN with traditional finance, opening new avenues for growth and user adoption.

DePIN Summer Kickoff

The DePIN Summer initiative has begun, celebrating the most impactful DePIN projects. This campaign includes interactive sessions, the official launch of peaq’s Layer-1 for DePIN, and various community activities to highlight the importance of DePIN.

Growth of the Peaqosystem

The peaqosystem has seen remarkable growth, with 18 new teams joining, bringing the total to over 700,000 devices on 30+ DePINs. This expansion underscores peaq's leadership in the decentralized infrastructure space.

Notable New Members

Several notable DePINs have joined the peaqosystem, including dTelecom, Ec³, Farmsent, ATOR, XMAQUINA, Chirp Network, Aizel Network, Charge.xyz, JuiceUp, DATS Project, NyxCarbon, and Combinder. Each brings unique contributions to the ecosystem, enhancing its diversity and functionality.

Key Integrations

New integrations with Synternet, Nuklai, Nevermined & Olas, Particle Network, and Parasail further strengthen the peaqosystem. These partnerships will provide enhanced data infrastructure, AI capabilities, decentralized payments, and more.

Updates from Existing Members

Existing peaqosystem members like MapMetrics, NATIX, AYDO, and Staex have achieved significant milestones, leveraging peaq’s infrastructure to enhance their projects. Collaborations between Chirp & XMAQUINA and Farmsent & Chirp are driving innovation and improving functionality within the ecosystem.

Major Events and Achievements

Peaq’s presence at TOKEN2049 Dubai and Consensus 2024 in Austin highlights its commitment to community engagement and showcasing DePIN innovations. The DePIN Base Camp accelerator program and the upcoming $PEAQ airdrop for $KREST holders further demonstrate peaq’s dedication to fostering growth and rewarding its community.

Final Thoughts

The Q2 2024 review showcases peaq’s rapid progress and its pivotal role in advancing the DePIN sector. With substantial funding, strategic partnerships, and a growing ecosystem, peaq is poised for continued success as it prepares for the mainnet launch. Stay tuned for more exciting developments in the coming months.