Sensorium(SENSO)

A network of 35,000 sound sensors via smartphones was deployed on the peaq ecosystem to collect hyper-local noise pollution data for wellbeing.

Palo Alto, California, USA, July 25th, 2023, ChainwireGEODNET’s growing Global Network of 3000+ web3 GNSS Base-stations is recognized by industry as a leading commercial solution for Real-Time Kinematic (RTK) applicationsThe GEODNET Foundation (GeoDAO PTE, LTD) announced the completion of a private $1.5M token sale at EthCC (The Ethereum Community Conference). The round was led by Borderless Capital’s EdgeFi Fund, the first web3 investment fund exclusively focused on Decentralized Physical Infrastructure Networks (DePIN). The investment round includes additional participation from IoTeX, a web3 technology provider and blockchain for Internet of Things, as well as angel investors.Introduced at the Institute of Navigation 2021 GNSS+ Conference, the Global Earth Observation Decentralized Network, GEODNET, received the Institute of Navigation’s best presentation award and has rapidly grown since the official launch in early 2022.With over 3000 reference stations online in every major continent, the real-time GEODNET network is the world’s largest decentralized Geo-Spatial Reference Network.The GEODNET location service offers reliable centimeter location accuracy for applications such as drones, robotic vehicles, augmented reality, and IoT/mobile devices.GEODNET station data is actively being utilized by leaders in high-precision applications including Hemisphere GNSS, Quectel Wireless Solutions, and Rock Robotic.GEODNET station owners set up their own Satellite Miner and are rewarded with $GEOD, the project’s native Polygon token.“We led this investment because the GEODNET community is proving that thoughtfully deployed DePIN networks offer high-value, revenue-generating solutions to real-world problems”, said Álvaro Gracia, Partner at Borderless Capital.The GEODNET Foundation manages the open network protocol and promotes service usage within the traditional GNSS and IoT industry. GEODNET will utilize the investment proceeds to strengthen the project overall, and emphasize on growing the reliable Global Coverage, and introducing a Mobile operating-system Software Development Kit.“GEODNET’s unique combination of Artificial Intelligence, the Internet of Things, and Blockchain is a game changer for numerous mobile applications.This investment will help pave the way to a broader developer ecosystem in both Enterprise and Consumer applications”, said Mike Horton, Project Creator of GEODNET.About GEODNETGEODNET is a decentralized network of high-precision multi-band GNSS base stations for AIoT, Geo-Scientific, and Metaverse applications.GEODNET stations #MineTheSky for real-time satellite data, and GEODNET is the basis of a new class of distributed cryptographic sensor networks powered by blockchain.https://geodnet.comAbout BorderlessBorderless is a leading investment manager specialized in Web3 technology. Our mission is to support the next wave of creators who are driving the development of innovative technologies that will enable borderless value creation. We are committed to empowering our founders to reach their maximum potential and create a positive change in the world.https://borderlesscapital.ioAbout IoTeXIoTeX is a modular Web3 platform connecting smart devices to blockchains for Web3 integration in real world applications. IoTeX is a leading technology provider of Decentralized Physical Infrastructure Network (DePIN).IoTeX combines blockchain, middleware, and open hardware to connect billions of devices and dApps with privacy and trust.https://iotex.ioContactCEO/FounderMike [email protected]

IoTeX has made waves with the official release of W3bstream Devnet, positioning itself as the first-ever provider of comprehensive tools and infrastructure for building transformative Decentralized Physical Infrastructure Networks (DePIN) dApps. This groundbreaking launch is set to speed up the DePIN sector’s development process, slashing costs by 10x and accelerating go-to-market time for developers from two years to about two months. W3bstream, IoTeX's flagship technology, empowers developers to quickly and easily build dynamic dApps for mobility networks, energy systems, sensor networks, AI computing frameworks, and more. With the advent of Devnet, developers gain unprecedented access to cutting-edge features, enabling seamless connectivity between billions of smart devices and smart contracts, unlocking a world of limitless innovation and societal impact. "At IoTeX, we are trailblazers in offering developers out-of-the-box services to create DePIN dApps that reward users for their actions or incentivize specific behaviors," explains Raullen Chai, CEO and Founder of IoTeX. "The release of W3bstream Devnet marks a turning point for the DePIN sector, projected to become the most significant trend in the Web3 industry, akin to the rise of DeFi in recent years," he added. DePIN has emerged as a driving force propelling the next wave of Web3 adoption. By addressing the limitations of centralized smart device connectivity and applications, such as security, reliability, privacy, and data ownership, the DePIN market will grow to a staggering $3 trillion by 2028. IoTeX's W3bstream aims to reshape the smart device landscape, ushering in a new era of enhanced user experiences and improved quality of life. The Power of W3bstream Devnet Devnet is the first public implementation of W3bstream's chain and device-agnostic architecture and represents a significant milestone in IoTeX's quest to simplify DePIN network development and data-driven dApp creation. Devnet provides developers with a chain-agnostic environment, facilitating the seamless crowdsourcing of real-world data from smart devices. These verifiable "proofs of real-world activity" trigger smart contracts, enabling the direct delivery of digital assets such as cryptocurrencies, stablecoins, Soulbound Tokens (SBTs), and NFTs to users. Central to Devnet is the powerful W3bstream Studio, an intuitive control center equipped with an array of developer-centric features. With the Studio's streamlined interface, developers can effortlessly orchestrate every aspect of their DePIN projects, from data reception to application logic and seamless blockchain interaction. Devnet also offers essential components such as mobile Software Development Kits (SDKs) and Web Assembly (WASM), providing developers unparalleled flexibility and convenience in creating their decentralized applications. IoTeX is committed to continuously expanding W3bstream's capabilities, with future Devnet releases set to introduce a range of out-of-the-box DePIN solutions. These include trusted token metrics for visualizing and analyzing device data on the blockchain, token proofs to validate off-chain data and facilitate token incentives, trusted location services for proof of humanity and presence, and various geo-based use cases. IoTeX's Devnet Launch Partners Numerous pioneering DePIN projects are already poised to harness W3bstream's potential. Drife, a disruptive force in the global ridesharing market, is notable among these, which has already amassed over 30,000 drivers, 100,000 registered users, and completed 250,000 rides. By utilizing W3bstream, Drife integrates verifiable mobile geo-location into its tech stack, ensuring secure tracking of routes driven and providing a trusted environment for drivers and riders alike. React Network, another prominent partner, consists of thousands of connected batteries deployed across homes, businesses, and multi-family living spaces. This innovative energy network supports the power grid during times of high demand and utilizes W3bstream to effectively manage and visualize the diverse footprint of smart devices contributing to its network. The platform efficiently processes the high volume of real-time data generated by these devices, enabling a more optimized and sustainable energy grid system. These partnerships exemplify the real-world applications of W3bstream and highlight the transformative potential of Decentralized Physical Infrastructure Networks. By leveraging the power of blockchain and smart contracts, IoTeX and its partners are revolutionizing industries and empowering users with greater control over their data and participation in the machine economy. As the world's first provider of DePIN infrastructure and tools, IoTeX is leading the way in unlocking the full potential of decentralized IoT. With the launch of W3bstream's Devnet, developers now have access to a comprehensive framework that simplifies the development process, reduces costs, and accelerates time-to-market for data-driven dApps. The possibilities for innovation and social impact are boundless as W3bstream connects billions of intelligent devices to smart contracts, creating a more inclusive and decentralized future. Sparking a new wave of adoption With Devnet, IoTeX is spearheading the DePIN revolution and paving the way for the next wave of Web3 adoption. By addressing the limitations of centralized IoT solutions and providing developers with the necessary tools and infrastructure, IoTeX is driving the transition toward a more secure, reliable, and privacy-preserving ecosystem. The launch of W3bstream's Devnet marks a significant milestone in developing Decentralized Physical Infrastructure Networks. IoTeX's commitment to democratizing IoT and empowering developers is revolutionizing the machine economy and opening up endless possibilities for innovation. With its unique features, chain-agnostic environment, and strong partnerships, W3bstream will shape the future of IoT and drive the widespread adoption of Web3 technologies. 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.

NFTs allow artists to be creative about how they share digital art and engage with their audiences, creating new collaborative, sensory experiences.

A recent panel hosted by IoTeX, a Decentralized Physical Infrastructure Network (DePIN) tech and infra provider, focused on the advances in Account Abstraction (AA) and its impact on the Web3 space, including its potential to bring the next billion new users to Web3. The DePIN panel discussion on Twitter spaces included Intu Co-CEO and Co-Founder James Bourque and IoTeX CEO and Co-Founder Raullen Chai. Noam Hurwitz of Alchemy, Danny Salman of Polygon Labs, Third Web DevEx Engineer Ciara Nightingale, Web3 Foundation's Bader Youssef, and Larry Pan, IoTeX Head of Business Development, also participated. The panelists agreed that AA could onboard the next wave of adopters in the Web3 space. By abstracting away the complexities of the blockchain, AA can create a seamless user experience where users won't even know that they are interacting with blockchain technology. That could be a gamechanger for the industry and pave the way for developing the next massively used dApp. Explaining why AA will spark further adoption Account Abstraction allows for a more sophisticated approach to managing blockchain assets by abstracting away the underlying account model of a blockchain. That means that users no longer have to worry about managing private keys and can instead interact with the blockchain using a more user-friendly approach. AA essentially makes accounts smart contracts, so instead of being an externally owned account (which requires the owner to sign transactions), smart contracts can interact directly with the blockchain. This creates a more seamless user experience that can be more accessible to people who are new to crypto. Bourque explained that at Intu, "we have been aiming to achieve similar things to account abstraction since we started. We're firm of the opinion that together a kind of multi-party computation and cryptography with account abstraction is really the clear path to that user experience, that human-first experience that I think will bring the next billion users to crypto." More user-friendly and intuitive AA makes it possible to create more complex and sophisticated applications on the blockchain. With smart contracts accounts that manage assets, developers can create more sophisticated decentralized applications (dApps) that offer a wide range of services, from asset management to peer-to-peer transactions. This means that users can take advantage of the full potential of the blockchain and access a broader range of more user-friendly and intuitive applications. By making the blockchain more user-friendly, developers can create applications that are more intuitive and easier to use, even for people who are not tech-savvy. The panelists agreed that this could lead to a surge in the adoption and usage of decentralized applications, which could bring about a new era of innovation and growth in the crypto industry. Ethereum and Account Abstraction Ethereum Foundation is at the forefront of account abstraction. In 2021, Ethereum Founder Vitalik Buterin and other blockchain experts released the account abstraction proposal, which strives to improve the user experience and security of crypto wallets, among other things. Tom Tamen of the Ethereum Foundation is part of the team working on his company's EIP 4337, which he said is a continuation of his personal goal to take blockchain to the average person. He believes Web3 is fast approaching the tipping point where developers will build "a killer app" that will spark the next wave of adoption. IoTeX's Pang said, "The onboarding of the masses is definitely something that is top of mind. However, he said he firmly believes "that the ease of onboarding traditional companies into Web3 will be greatly simplified with account abstraction." The need for more Web3 developers Danny thinks AA "really brings us the idea of being able to develop where you would live in a contemporary (traditional or mainstream) software environment without needing to know anything about blockchain or crypto." He rightly pointed out the need for more developers in the Web3 space, saying there are currently at most 35,000 blockchain developers worldwide, while in traditional sectors, there are nearly 30 million globally. AA in the DePIN space DePIN stands for Decentralized Physical Infrastructure Networks. For simplicity purposes, it is the Web3 IoT, which many experts believe is set to bring the next big wave of users to crypto. "AA in DePIN will make it easier for users worldwide to access blockchain accounts." Because the multi-trillion-dollar machine economy is currently powered by tens of billions of smart devices, this could potentially be the path for new users into the Web3 space, said Raullen Chai. "Think about the traditional Internet of Things deployment. There's a lot of co-ownership of every single gateway that connects to all these different types of sensors. And the ability to represent these things in an abstracted kind of hierarchical way is something that's brand new and is going onboard a ton of companies that want to use decentralized infrastructure", reiterated Larry Pang. The race to mass adoption The race to bring the first billion to crypto is not new. However, account abstraction raises hope for that milestone to be achieved. In a recently published article entitled On Keys and Code: Account Abstraction and the Race to 1 Billion Users, Brian Astrove wrote that AA is "the process of taking away or removing characteristics from something to reduce complexity and increase efficiency." Astrove said user accounts need more flexibility, making it challenging to build experiences that mainstream users will accept. Today, if you lose your public key, you lose your private key, you also lose your assets. "This is why more flexibility is critical to onboard new waves of users. It opens the door for user experiences we expect in 2023, with security features like password recovery and multi-party signing. This is what account abstraction promises," he added. 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.

[PRESS RELEASE – Dubai, UAE, April 27th, 2023] Sensorium, a leading Web3 metaverse development company, announced today that Jay Hao, former CEO of one of the world’s largest cryptocurrency exchanges OKX, has joined the company’s expert advisory board. Jay Hao joins a select group of leaders responsible for providing strategic consulting to Sensorium on matters […]

Dubai, UAE, April 27th, 2023, ChainwireSensorium, a leading Web3 metaverse development company, announced today that Jay Hao, former CEO of one of the world's largest cryptocurrency exchanges OKX, has joined the company's expert advisory board.Jay Hao joins a select group of leaders responsible for providing strategic consulting to Sensorium on matters of importance and will support the management in achieving Sensorium's Web3 strategy. Other renowned experts on the advisory board include Yann Pissenem, CEO and founder of The Night League; Danny Gomez, Global Brand Director of Palladium Group IBIZA; Dr. Christian von Reventlow, former Director of Innovation at Deutsche Telekom Group; and Brett Yormark, CEO of Roc Nation Unified.On joining Sensorium's Expert Advisory Board, Jay Hao said, "I'm thrilled to be part of Sensorium's journey to deliver world-class decentralized products. Sensorium's vision aligns perfectly with my belief in blockchain technology and its potential to revolutionize the way brands interact with their audiences. Sensorium has done an outstanding job at defining new solutions for XR content creation, and together with the right crypto framework I am confident that a new level of growth can be achieved.”Jay Hao brings extensive experience in blockchain to Sensorium's expert advisory board, given his most recent position as CEO of OKX, the world's second-largest cryptocurrency exchange. Under his leadership, OKX became a major player in the market. Hao's contribution helped the exchange diversify its services, add dozens of new features for users, and optimize the ecosystem to ensure a higher level of customer satisfaction. Hao also introduced innovative blockchain-based products, including the OKX Network (OKX Chain), which surpassed the 100 million wallet milestone.Alex Firsov, Sensorium’s Web3 Department Director, expressed enthusiasm for the addition of Hao to the Advisory Board: "We're honored to have Jay Hao join our team of advisors. His extensive knowledge and experience in the blockchain industry, along with his proven track record in leadership roles, will be invaluable as we continue to develop our Web3 strategy and expand our presence in the global market."About SensoriumFounded in 2018, Sensorium is a Swiss company and a leading metaverse developer, leveraging cutting-edge XR and AI technology to deliver next-generation virtual experiences in entertainment and social interaction.The award-winning Sensorium Galaxy metaverse project, the company’s flagship product, is currently the only global XR multiplayer platform that immerses users into multi-sensory experiences in virtual worlds, across content hubs of various forms.These include immersive musical experiences in the epicenter of entertainment, PRISM world, self-discovery programs and guided meditations unfolding within the spiritual environment of MOTION world, and a new type of transversal social interaction enabled by a million-strong community of AI-controlled autonomous virtual beings inhabiting the metaverse.Sensorium leans on its long-standing collaboration with the world’s best technology and entertainment partners to shape the environments and content of its metaverse.In addition to the innovative developments in the fields of virtual reality and AI, accessible through a wide variety of interfaces, Sensorium is also a leading Web3 company enabling a stack of pioneering blockchain and decentralized solutions.Website | Twitter | Telegram | DiscordContactWeb3 Marketing DirectorMatias [email protected]