CandleFocus

peaq secures node support from European infrastructure giants holding $170 billion in assets

Author: Content Editor
Blockchain platform peaq has added several major European enterprises and research institutions to its genesis node pool, marking a significant step in enterprise adoption of Web3 technologies. The organizations joining the network, including Bertelsmann Investments, Deutsche Telekom, Lufthansa Innovation Hub, and the Technical University of Munich (TUM), have combined holdings exceeding $170 billion. This integration highlights growing interest in DePIN, which connects real-world services with blockchain technologies. By participating in the network's genesis node pool, these entities will help secure the blockchain's decentralized infrastructure and contribute to its stability and operational efficiency. The peaq platform has been actively developing its ecosystem and forming partnerships to bridge the gap between Web3 and real-world applications. The mainnet launch is scheduled between September 22 and September 30, following a successful pre-launch funding round. peaq's Enterprise Adoption program aims to foster collaboration between DePIN projects and established global businesses and offers consulting sessions and funding opportunities for innovative projects. This development represents a convergence of traditional business models with emerging Web3 technologies, potentially reshaping industry standards and practices.

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