Quick Take
Wayru’s decentralized physical infrastructure network will integrate with peaq’s blockchain, offering rewards to users who share their Wi-Fi hotspots. The partnership aims to empower underserved communities, providing them with affordable and secure internet access while promoting decentralization and ownership of the digital realm.
Wayru’s DePIN will integrate with peaq’s blockchain to incentivize users to share Wi-Fi hotspots
In an era where internet access has become synonymous with modern living, it is not easy to forget that a staggering 3 billion people worldwide still lack this essential resource. The harsh reality is that while the internet holds boundless opportunities, the most vulnerable communities are often the ones denied access. South America, in particular, has a significant portion of its population without reliable internet connectivity, fundamentally altering the way people learn, connect, and conduct business. Enter Wayru, a decentralized physical infrastructure network (DePIN) with a mission to bridge the digital divide, focusing on the underserved populations of Latin America and the United States. Wayru is teaming up with peaq, a blockchain platform designed for real-world applications, to decentralize internet access by incentivizing individuals to share their Wi-Fi hotspots with others in exchange for tokens.
Wayru CEO, Charvel Chedraui, said: “We are building more than a DePIN. The end goal is to make the internet more decentralized and give people more ownership of it.”
“This vision perfectly aligns with peaq’s values, enhancing our ability to build and scale this project,” he added.
Wayru’s Innovative Approach to Bridging the Digital Gap: Empowering Users and Fostering Connectivity
Wayru’s core objective is to establish a decentralized physical infrastructure network composed of community-run Wi-Fi hotspots, providing affordable and secure internet access. Through its collaboration with peaq, Wayru will make its Wi-Fi hotspot firmware compatible with the network and integrate its mobile app with blockchain technology. This will enable users to set up their hotspots on peaq and participate in the burgeoning Web3 Economy of Things while leveraging peaq’s Machine DeFi capabilities.
Already boasting a network comprising over 500 hotspots, Wayru operators will have the opportunity to migrate to peaq, where they can earn rewards within the Web3 Economy of Things and benefit from peaq’s Machine DeFi offerings.
Wayru’s approach to closing the digital gap, with a particular focus on South America and the US, involves allowing people to share their internet connections and receive rewards in the form of their native $WRU token. To join the Wayru network, individuals can either purchase the Genesis hotspot or install WayruOS on any compatible device. In both cases, the next step is to mint the device as a Non-Fungible Node (NFN). The NFN serves as a record of the hotspot’s performance, tracking its uptime and quality of service, with rewards calculated based on its performance. Additionally, the token grants users access to the network, enabling them to purchase credits at affordable rates and browse the internet.
Wayru and peaq’s Integration Unlocks Cutting-Edge DePIN Features
The integration of Wayru with peaq strengthens the project’s mission to connect the unconnected by tapping into peaq’s modular DePIN functions. These functions include multi-chain peaq IDs compatible with Binance Chain and Solana, peer-to-peer machine payments, and role-based access control. The collaboration also allows the Wayru community to earn rewards as part of the Economy of Things on peaq, taking advantage of its DePIN-focused economic model and accessing peaq’s Machine DeFi capabilities for setting up new hotspots.
In the initial stages of the partnership, Wayru will utilize the peaq software development kit (SDK) to enable the community to mint their NFNs on peaq and incorporate a peaq-compatible wallet into its mobile app. Subsequently, Wayru plans to develop a hotspot firmware version with peaq ID support, facilitating seamless migration for users who choose to do so and an official launch on the peaq platform. Furthermore, devices on the decentralized physical infrastructure network will have the opportunity to earn $WRU tokens on peaq and contribute to liquidity for these tokens.
“The global digital gap is a crucial hurdle for our progress as a society,” says Till Wendler, co-founder of peaq. “The DePIN model is perfect for resolving this crisis, as it gives everyone more ownership of the infrastructure that the global web relies on. It’s thrilling to see Wayru put this concept to work on peaq with such a noble goal in mind.”
As Wayru and peaq join forces to tackle the digital divide, their collaborative efforts hold the promise of bringing the transformative power of the internet to those who have long been denied access, fostering greater connectivity and opportunity for marginalized communities in South America and the United States.
Read Also: peaq Unveils Data Verification Framework to Bolster DePIN
