DePIN Platform Uplink Raises $10M Led by Framework Ventures [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
telekom.com/en/investor-relations
Company Research
Source: Yahoo! Finance
The firm is a Decentralized Physical Infrastructure Network (DePIN), a sector that data provider Messari estimates could have a market value of $3.5 trillion by 2028. DePIN projects connect blockchain technology with physical systems and often offer tokens to incentivize people to crowdsource the infrastructure. Uplink provides decentralized network connectivity with the aim of creating better distributed and user-operated infrastructure. According to the company, the idea is to reduce reliance on traditional centralized telecommunication providers. Users and enterprises will be able to earn tokens as a reward by either contributing to the network or using it. They can integrate their existing infrastructure into the Uplink network or install compatible hardware for their community/business. The company plans to launch a token later this year. “By creating financial incentives that encourage people to increase DePin-powered internet access, more users will then be able to acces
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