MapMetrics ditches Solana blockchain for peaq
Decentralized Bodily Infrastructure (DePIN) mission MapMetrics will go away the Solana ecosystem and migrate to peaq, a layer-1 answer designed particularly for DePIN and Machine real-world belongings (RWAs).
MapMetrics is a drive-to-earn mission that rewards customers with tokens and NFTs for offering nameless stay visitors and map information. Much like DePIN mission Hivemapper, the group hopes to create a decentralized international map utilizing Web3 expertise.
Learn extra: ‘Drive-to-earn’ app goals to bootstrap ‘dynamic maps’ with crypto rewards
Brent van der Heiden, co-founder at MapMetrics, advised Blockworks that the choice was made as peaq supplied a wide range of modular DePin performance.
“Peaq ID, a decentralized multi-chain machine id, allows the community to prioritize actual machines in occasions of excessive load,” Heiden mentioned. “The Modular Features, such because the DePIN information verification framework, can even assist us additional develop our DePIN’s personal options.”
Moreover, Heiden notes there are a handful of potential synergies within the wider peaq ecosystem, together with with different DePINs and its enterprise companions, which can allow the group to safe new partnerships to construct out demand for the mission.
“Peaq’s group consists of 1000’s of DePIN fans, which can assist us develop, and the Machine Composability that comes with utilizing the identical id customary throughout the ecosystem will assist us faucet into the pool of units already on peaq,” Heiden mentioned.
The transition course of will probably be accomplished over a number of phases, starting with good contract deployments on peaq, adopted by shifting core enterprise logic over to the layer-1. Afterwards, native token minting can even be obtainable on peaq, and a bridging choice will probably be obtainable to current holders.
Regardless of MapMertic’s resolution to go away the Solana ecosystem, the blockchain stays a preferred dwelling for a lot of DePIN initiatives right now.
Learn extra: DePin initiatives have gained momentum on Solana blockchain
Natix, one other DePIN mapping mission, revealed right now that it is going to be launching its native token on the Solana blockchain, whereas persevering with to collaborate with the peaq community.
