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Launched on the Peaq Blockchain Ecosystem, Nigerian Web3 Startup WiCrypt Unveils Decentralized WiFi HotSpots

At the moment, WiCrypt’s decentralized physical infrastructure network supports over 45,000 accounts, approximately 1,100 hotspots spread across more than 30 countries, and over 895TB of data delivery.

The first WiFi hotspots on the decentralized physical infrastructure blockchain, Peaq, have been presented by Wicrypt Network, a decentralized mobile internet sharing and monetization network, enabling owners to make.

Anybody can share their WiFi with others using WiCrypt hotspot devices, and while sharing an internet connection, users can mine the Wicrypt Network Token ($WNT).

With the use of self-governing multi-chain machine identities, the solution is now extended on the cutting-edge Peaq blockchain, which is designed specifically for creating decentralized apps (dApps) and decentralized physical infrastructure (DePins).

As per Peaq, digital identities known as self-sovereign machine identities (SSMIs) facilitate the identification of automobiles, machines, robots, and other gadgets with their surroundings, humans, and other vehicles.

Their decentralized identities, which allow direct, peer-to-peer identification and interaction without relying on centralized third parties, are what distinguishes them, according to Wicrypt.

Peaq’s “testing ground” network, Krest, is already home to the first hotspots with Peaq IDs. Peaq claims that these hotspots let people and companies do the following:

  • Share their internet connection
  • Address the last-mile delivery challenge, and
  • Earn tokens based on their usage
  • In the long run, Krest will increase user incentives on our DePIN ecosystem and provide us with an ideal testing environment for everything we build on Peaq, as it is a production-grade network. CEO of Wicrypt Ugochukwu Aronu claims that it’s the ideal incentive system for powering the disconnected.
  • Now that they have their own Peaq IDs, the hotspots may communicate with the network and are accessible through SubScan, the Paq and Krest ecosystem’s blockchain explorer.
  • According to a press statement from the business, WiCrypt’s decentralized physical infrastructure network currently has about 1,100 hotspots spread across more than 30 countries, servicing over 45,000 accounts, and providing over 895TB of data. The update deepens its interaction with Peaq, which is said to as the preferred blockchain for practical uses and serves as its Web3 backbone.
  • The company WiCrypt, which took home the Global Prize in the LEAP 2023 Rocket Fuel Pitch Startup Competition, has updated the devices’ operating system to be Peaq-compatible.
  • While owners of current devices will be able to manually migrate to this operating system, new users entering the network will have the option to buy a device that has been connected with Krest beforehand. There is room for more innovation and improvement because the devices are logging their transactions on the network in the same way as other dapps.
  • The integration is being made available to the public by WiCrypt, along with videos and accompanying instructions for connecting the devices to Peaq.
  • See videos:
  • Step One
  • Two,
  • Three, and
  • Four
  • for onboarding on the Peaq Network.

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