MobileCoin(MOB)

The last few years have seen many companies make forays into the exciting new world of Web3, drawn to its vision of decentralization, distributed computing and permissionless architecture. The rise of retail investing and more widespread adoption now means that people can vote with their feet, helping startups and companies moving into new sectors to ‘crowdsource’ their capitalization. Web3 projects are therefore able to leverage memes and hype cycles to grab the attention of millions of people and become viable in a short space of time. The rise of NFTs in 2021 marked a turning point for the space, with almost all digital-savvy people now aware of the technologies and how they work. By April 2022, it was revealed that 94% of Fortune 500 executives had either launched blockchain projects or were planning to. Even more striking, however, are the companies that have repositioned themselves in order to join the Web3 revolution, representing everything from food and beverages to the music industry. One example of a company with a successful Web 2.0 model that is pivoting to Web3 is WiFiMap. Founded in 2014, the connectivity platform is based on a core idea of crowdsourcing public WiFi hotspots into a single, shared online database. It is one of the largest WiFi finder apps in the world and has been a highly successful Web 2.0 startup with a crowdsourced growth model. In 2022, the founders announced the creation of $WIFI — a utility token that would be used to incentivize people to contribute to the growth of the platform. The idea is that these tokens can then be used to access premium services in the app, such as eSIM mobile data. According to co-founder and CTO Igor Goldenberg, “WiFi Map is not just about providing internet access, but also about creating a community of individuals who share a common goal of building a more connected world. Through their platform, users can connect with others and contribute to the growth of the network, all while earning cryptocurrency.” One of the core features of the tokenized WiFi Map will be its connect-to-earn model. Users who add WiFi hotspots to the global map, check network credentials and run internet speed tests will receive tokens and, at the end of each month, $WIFI will be airdropped to the most active contributors. Goldenberg is optimistic about the network effects that $WIFI will set in motion: “As the world becomes more interconnected, reliable and secure internet access is essential. WiFi Map provides a solution that not only meets these needs but also enables users to earn cryptocurrency by sharing their WiFi hotspots and running speed tests. This is a game-changer for those seeking new ways to earn passive income and participate in the Web3 ecosystem.” Ultimately, the app is aiming to become the first genuine superapp in the emerging DeWi(decentralized wireless) space, supporting its public WiFi offering with VPN data protection, competitive eSIM mobile data packages and a full stack of lifestyle services. $WIFI is set for a March 30, 2023 launch on the TrustSwap Launchpad, in partnership with the leading Canadian DeFi platform. With an existing community of 150 million users, and use cases set to go live immediately on the TGE date, $WIFI has the potential to shake up Web3. In fact, with a projected 4 million monthly users at launch, WiFi Map will become one of the biggest projects in the entire crypto space. Goldenberg added the following: “By leveraging the power of blockchain technology, WiFi Map is creating a decentralized network that puts control back in the hands of the people. This has the potential to disrupt the traditional model of internet service providers and bring about a new era of internet connectivity.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Enabling drivers and fleet operators to own and monetize their connected vehicle data IoTeX continues to take demonstrate why it is the leading DePIN technology provider DIMO puts vehicle owners back into the drivers’ seat offering enhanced mobility services IoTeX and DIMO are working to improve the driver and fleet operator experience for millions of vehicle owners worldwide. To kick off the partnership, IoTeX will build a W3bstream integration on the DIMO network and to invest in reducing the cost of the DIMO Hardware for users. IoTeX's goal is to drive the global transformation of mobility services on DIMO. Integrating W3bstream, the first smart device-to-smart contract off-chain compute infrastructure, onto the DIMO network, allows Web3 developers access to zero-party mobility data, unlocking the potential for groundbreaking automotive dApps that enable consumers and fleet operators to take control of their vehicle data. These dApps will also unlock significantly improved services, including automotive finance, insurance, shared mobility, maintenance, etc. Numbers that matter The DIMO-IoTeX partnership aims to improve driver and fleet operator experience for the 250 million connected vehicles on roads worldwide today, which represents 24% of all cars. By the end of this year, that number will increase to 350 million; by 2030, experts expect it to reach up to 2.5 billion. Furthermore, there are reports that data profits could surpass vehicle sales. A McKinsey report recently revealed that by 2030, 95% of all vehicles sold could be connected, and in that same study, they estimated that by then, data from advanced vehicles could represent a yearly income for their owners of about $600.. Other reports claim profit from vehicle data could soon surpass the cost of the vehicle itself. "DIMO solves a big problem and puts vehicle owners back in the digital driver's seat of their vehicles," said DIMO Co-Founder Andy Chatham. "Just four months after our network launched 10,000 vehicles that have traveled 50 million miles, more developers and users are starting to recognize that an open approach to vehicle connectivity will win." "Nine out of ten people believe they own and control their vehicle's data, and that isn't the case today," explained Chatham, co-founder of Digital Infrastructure Inc. "We're excited to have more partners helping us grow the DIMO project into a movement." An evolving partnership IoTeX, a Web3 infrastructure platform connecting intelligent devices and real-world data to blockchains, and DIMO, a platform connecting drivers and their data with developers and manufacturers to drive change in mobility services, have plans to evolve this partnership over time to continue delivering benefits to users. "We are thrilled to partner with DIMO to drive the future of mobility," said IoTeX CEO and Co-Founder Raullen Chai. "Combining our strengths in open, decentralized protocols and data privacy with DIMO's consumer products, open hardware ecosystem, and developer platform, we can create a user-owned digital ecosystem that empowers individuals and communities." Growing and succeeding The partnership will provide valuable opportunities for DIMO and IoTeX to grow and succeed in the DePIN sector. The scope of the collaboration includes integration with W3bstream, co-organizing developer hackathons on DIMO Data, co-marketing campaigns, and other initiatives to advance the future of mobility. IoTeX provides W3bstream, which can be viewed as a machine orchestration layer built on top of a blockchain that can organize and coordinate a set of machines to complete a specific task, enabling developers, businesses, and users to gather data from various sources, including trustworthy gadgets and machines connected to the Internet. DIMO allows users to create customized digital twins of their vehicles and save money and time with plugins for insurance, maintenance, tires, batteries, and even car sales and financing. Users earn rewards by using apps and services in the DIMO ecosystem and sharing aggregated data. Download the DIMO App here to try it today. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.