As an inaugural step in a newly-announced collaboration, Nuklai will provide DePINs on peaq with machine learning as well as data processing and monetization capabilities, with Farmsent, a global Web3 marketplace for farmers and consumer-facing businesses, being the first one in line.
Nuklai joins peaq’s AI ecosystem for better DePIN monetization
Per the official statement from the team, peaq, the pioneering L1 blockchain for DePIN and Machine RWAs (real-world assets), welcomes a new member of its ecosystem as Nuklai joins to unlock AI and data monetization for DePINs building on peaq.
To grasp the potential of @peaqnetwork, we need to envision the Machine Economy 🤖
Imagine 10 years ahead. Domains like mobility, energy, connectivity, and logistics are managed by AI-powered machines—ranging from vehicles and humanoids to drones and devices.
These machines…
— Leo (@dorloechter) May 9, 2024
Not unlike its partner peaq, Nuklai is a layer-1 blockchain focused on fostering a>Farmsent named first DePIN on peaq to leverage new integration
Jochem Herber, Head of Ecosystem at Nuklai, is excited by the accomplishments that peaq has registered so far and by the team’s long-term vision:
peaq is home to more than 25 DePINs across 10 industries, which are all sitting on troves of valuable data. Nuklai will outfit these projects with the tools that they need to start monetizing or otherwise leveraging that data, empowering them to do more with their resources. We are thrilled to be going ahead with this integration, positioning Nuklai as the go-to AI layer for DePIN due to peaq’s clear lead in this segment
Farmsent will be the first DePIN on peaq to leverage this integration, exploring the use of Nuklai’s tools for the benefit of the more than 160,000 farmers it has already onboarded in Indonesia and Colombia.
Till Wendler, co-founder of peaq, indicates the key benefits of a joint development program:
The synergy between AI and the Economy of Things is clear and undeniable. Excellent AI and data infrastructure layers such as Nuklai add a lot of value to the ecosystem and unlock more handy tools for the builders — we are excited to see Nuklai join in
Prospective use cases may include helping farmers source and monetize various datasets such as soil quality or weather data, which could be of great benefit to agritech businesses and consortiums.