Large European Companies to Support Growth of DePIN Ecosystem

Four major European companies became active participants in the decentralized physical infrastructure network (DePIN), launching validator nodes on the peaq blockchain. The initiative demonstrates the corporate sector’s growing interest in decentralized systems.

Several major European companies joined the DePIN ecosystem by becoming validator nodes on the peaq blockchain. These include:

1. Bertelsmann Investments, the venture capital fund.
2. Deutsche Telekom MMS, the IT subsidiary of Europe’s largest telecommunications operator.
3. Lufthansa Innovation Hub, the research arm of Germany’s national airline.
4. The Technical University of Munich (TUM), one of Germany’s leading research universities.

This initiative of the four European companies, whose combined value is estimated at more than $170 billion, demonstrates the growing interest of major corporations in DePIN systems. According to Paul Momtaz, Professor at the TUM, DePIN systems offer unique opportunities for large enterprises, such as reducing operational costs and optimizing data and infrastructure usage.

According to Leonard Dorlöchter, Co-Founder of peaq, the level of enterprise adoption is critical to the development of DePIN ecosystems. And since the integration of DePIN systems has the potential to change the approach to infrastructure management, especially in aviation and telecom, and to directly impact the economic performance of companies, Web3 adoption will grow aggressively as they become more widespread. Dorlöchter also emphasized that the introduction of new peaq nodes not only strengthens network security but also helps accelerate the adoption of DePIN technologies. peaq’s corporate integration program is a bridge between decentralized projects and large enterprises. Any company can become a node validator and participate in early investment rounds of DePIN projects.

This year, the field of DePIN projects shows rapid growth, reaching a market capitalization of over $50 billion.

Сообщение Large European Companies to Support Growth of DePIN Ecosystem появились сначала на CoinsPaid Media.