Wicrypt and Peaq Ecosystem Collaborate for Democratization of the Web Access

Wincrypt, a network that provides access to the decentralized internet, is collaborating with Peaq Network (the platform that lets developers and entrepreneurs develop dApps). Peaq has informed the community about this partnership on its official portal. As a result of the respective partnership, the communities can subsidize hotspots of Wicrypt.

Peaq Integrates Wicrypt to Decentralize Internet Access with Hotspots

In addition to this, the consumers will be capable of sharing the connection with those whom they like via the Machine DeFi mechanisms of Peaq. Moreover, Peaq will also offer machine rewards. These rewards will enable the consumers to earn additional tokens for linking the unconnected. The platform elaborated that one-third proportion of the population in the world belongs to underprivileged communities and groups.

As per the platform, these people do not have the most significant technologies that are being availed by others for a considerable period. Nevertheless, the latest partnership will be assistive in facilitating these people to have exclusive opportunities. In this respect, Peaq Network has selected Wicrypt Network to play the role of its backbone. As included in the integration process, Wicrypt will provide up to 1,000 hotspots for the platform’s mainnet and canary network called “krest” which is going to launch shortly.

The platform will additionally every exclusive device with an exclusive “peaq ID.” These devices will are designed to instantly get connected with the network of the platform. Peaq Network’s co-founder Till Wendler also spoke on this move and stated that web access is much necessary for any services getting benefit from the connected devices. As per Wendler, the internet’s decentralization is a remarkable real-world opportunity within the Web3 world that can offer a purely enduring promising impact along with offering the latest use cases.

In Wendler’s words, DePINs play the role of impeccable mechanisms in this respect. The co-founder disclosed that the firm is thrilled to witness Wicrypt’s endeavours to turn Web access into an equitable service. Wendler is of the view that several latest devices can be linked to the network through each hotspot.

Peaq Will also Incentivize Adoption by Allocating a Reward Proportion for Linked Devices

The users possessing such devices can now benefit from the option linking them to Peaq’s platform. It will act as the ledger keeping their relevant data consumption transfers. The consumers will also be permitted to utilize the machine rewards mechanism of Peaq. This mechanism disseminates a part of the platform’s revenues between the linked devices for incentivizing the adoption.