Quick Take
Silencio Network secures $1M in Pre-Seed Funding led by Borderless Capital, to build the world’s largest noise level data bank. With exponential user growth and industry recognition, Silencio’s focus on DePINs and RWA projects promises innovative solutions in the decentralized era, bolstered by strategic alignment with the Peaq blockchain for enhanced security and scalability.
Silencio Network aims to combat noise pollution with the world’s largest decentralized data bank
Environmental noise, often referred to as the ‘forgotten pollutant,’ is now recognized as an environmental and public health issue that needs addressing in modern society.
The Silencio network boasts over 92,000 smartphones functioning as noise sensors, striving to combat the global issue of noise pollution. Silencio, a free application, aspires to become the largest citizen science project globally to tackle noise pollution.
The app enables users to share their surrounding sound levels (dBA) and earn rewards for their contributions. Users can also monetize their data when it’s sold. By using Silencio, individuals have the opportunity to generate passive income while enhancing their own and others’ quality of life.
Silencio aims to gather hyperlocal and authentic data from its users, which can be commercialized for various industries, including real estate, gastronomy, hospitality, well-being, insurance, governance, urban planning, and academic research.
With ample data, Silencio hopes to make a significant impact in the battle against noise pollution and enhance the quality of life for millions worldwide.
Silencio Network $1 million Pre-Seed Funding round
Silencio Network raised $1 million in Pre-Seed Funding round in December 2023, the company told AlexaBlockchain. The funding was spearheaded by Borderless Capital, a prominent investment management firm renowned for its focus on Web3 technology.
This investment infusion signals a significant milestone for Silencio Network as it embarks on redefining data coverage by integrating the peaq, a Layer 1 blockchain specializing in DePINs (Decentralized Public Infrastructure Networks) and RWA (Real World Asset) projects.
Founded on the principles of harnessing blockchain’s potential, particularly the Peaq blockchain, Silencio Network aims to deliver secure and scalable data management services. With a rapidly expanding user base and a commitment to pioneering solutions, Silencio Network positions itself at the forefront of the DePIN sector within the blockchain landscape.
Thomas Messerer, CEO and Co-founder of Silencio Network, expressed enthusiasm about the investment, emphasizing its significance beyond mere financial backing. “This investment goes beyond financial backing; it represents a shared belief in harnessing the power of blockchain for innovative data solutions,” said Messerer. “With Borderless Capital’s support, we are more equipped than ever to push the boundaries of data coverage in the decentralized era.”
Silencio has experienced remarkable growth since launch
Since its inception, Silencio Network has experienced exponential growth, witnessing a doubling of its user base to 92,000 within a month, with a further weekly increase of 12,000 users (at the time of writing). The network boasts a staggering 50% monthly engagement rate, surpassing the industry standard rate of 2.5% by a remarkable 20-fold. This underscores the efficacy of the DePIN model in catalyzing data crowd-sourcing.
Remarkably, Silencio Network collects data from locations equivalent to twice the size of Miami on a weekly basis, showcasing the network’s robust data collection capabilities.
The network’s impressive performance hasn’t gone unnoticed, as it was recently featured in a Messari report as one of the fastest-growing DePINs among a pool of 650. This recognition underscores Silencio’s innovative approach and commitment to leveraging blockchain technology for noise level data.
According to the company, the decision to build on the Peaq blockchain is a strategic move for Silencio Network, ensuring enhanced data security, scalability, and interoperability within the ecosystem.
As Silencio continues to expand its reach and redefine data coverage paradigms, the investment from Borderless Capital positions the company for further growth and innovation in the decentralized era.
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