Outlier Ventures and peaq have launched of the DePIN Base Camp Accelerator program to accelerating the development and application of decentralized physical infrastructure networks (DePINs).
This initiative stands as a catalyst for the rapid advancement of DePINs, which are poised to change various facets of daily life by embedding Web3 technologies.
By exploiting blockchain technology, DePINs are set to overhaul traditional industry paradigms, offering novel, decentralized solutions across energy, mobility, data collection, and beyond, thereby enhancing system efficiency and transparency (see How Metaverse & Visual Intelligence Transforms Insurance).
Spanning 12 weeks, the DePIN Base Camp Accelerator program is designed to bolster DePIN teams globally through a comprehensive support framework comprising workshops, mentorship, and financial backing up to $200,000.
The applications built using DePIN are expanding outside of the scope of traditional physical infrastructure into verticals like data collection, AI infrastructure and the platform economy.
We see two drivers behind this.
- The purpose of physical infrastructure is changing. DePIN is transforming the purpose of physical infrastructure beyond traditional roles, shifting from digital services to data extraction. By creating a network of decentralized nodes, hosts can provide a way to extract valuable data.
- The definition of physical infrastructure is changing Over past decade, society has increased its economic dependence on social networks. These networks historically relied on centralized entities coordinating social economical activities. DePIN is moving from digital infrastructure into social networks.
DePIN is pushing through boundaries beyond digital resources – it’s rapidly expanding into data/IoT and social platforms as it goes mainstream. The decreasing cost of computational resources enables individuals and smaller organizations to contribute to DePIN networks, unlocking their true potential.
Riccardo Pagano, Program Manager, DePIN Base Camp
This assistance aims to propel their projects forward and facilitate their navigation through the intricacies of Web3.
The program’s objective extends beyond project development; it seeks to forge a synergy between emerging DePIN initiatives and leading Web3 investors (see How Blockchain Helps E-commers?).
By fostering collaboration between founders and investors, the program endeavors to catalyze the generation of innovative ideas and the widespread adoption of global decentralized infrastructure solutions.
The program will begin in May 2024 with remote workshops on architecture, business models, and incentive mechanisms. Outlier Ventures and peaq experts will lead these workshops, which will provide information and solutions to many DePIN project problems.
Mentoring sessions, where people can get personalized advice, will also be vital to the program. Mentors will provide valuable feedback and advice based on their Web3 expertise to help participants achieve their goals.
DePIN Base Camp Accelerator works with peaq, a top layer-1 blockchain network for DePINs. Participants can use peaq’s technology and expertise to access cutting-edge tools and resources to accelerate their projects.
peaq co-founder Max Thake called DePIN Web3’s most exciting area and was excited about the partnership.
Thake highlighted Outlier Ventures’ early recognition of DePINs’ real-world impact in his speech. He also stressed the importance of supporting projects that could improve things and transform old industries.
Outlier Ventures Chief Product Officer Benjamin Meyer agreed with the founders and stressed the importance of helping them build scalable businesses that meet real-world needs.
The DePIN Base Camp Accelerator advances decentralized infrastructure solutions overall. By supporting DePIN teams and encouraging founders and investors to collaborate, the program aims to accelerate Web3 technology adoption and improve many real-world areas.
peaq is the blockchain for real-world applications. The peaq layer-1 blockchain enables anyone to build Decentralized Physical Infrastructure Networks (DePINs) for car-sharing, street-mapping, noise pollution tracking, internet access, and more.
On peaq, robots, vehicles, and other connected devices turn into real-world assets (RWAs), independent economic actors providing goods and services in the Economy of Things.
by Peter Sonner
