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Metaverse tech gets US greenlight to use speedier 6GHz frequency

The United States Federal Communications Commission made the decision amid a flurry of mixed reality devices that are hitting the market.

Low-power wearable technology, including virtual and augmented reality devices crucial to the metaverse, will be permitted to tap into the 6 GHz frequency band following a rule change from the United States communications regulator.

In an Oct. 19 press release, the Federal Communications Commission said it opened up the 6 GHz frequency band to “very low power devices” without needing a license, permitting a total of 850 megahertz of spectrum.

The band boasts faster speeds, more bandwidth and lower lag — or “latency” in technical terms.

“These rules will spur an eco-system of cutting-edge applications, including wearable technologies and augmented and virtual reality,” it said in a statement.

The 6 GHz band is, as the FCC claims, “important for next-generation Wi-Fi operations” and was first opened for use for some devices by the regulator in late 2020.

The FCC said its decision would “enrich consumer experiences and bolster the nation’s economy.”

Meta, Apple and Google have been working on AR or VR wearables — the latest to drop was Meta’s Quest 3 in early October, while Apple’s Vision Pro is expected to ship in early 2024.

Meta also released a second version of its Rayban-partnered AR glasses in September. According to a Bloomberg report at the time, Apple and Google are also working on AR-enabled glasses.

The three Big Tech players first petitioned the FCC in early 2020 to open up the frequency spectrum so they could use it for very low-power devices such as their wearables.

Uses for the 6GHz band highlighted by Bloomberg included connecting AR/VR devices to a smartphone or sharing navigation data with a vehicle.

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In its statement, the FCC said the new rules were careful to limit permitted devices to very low power levels subject to other requirements that would allow their operation across the country while protecting licensed services that operate on the same band.

The 6 GHz band is also used by services that manage the U.S. electric grids, long-distance phone services, and backhaul — the links between core and subnetworks — hence the need for FCC oversight.

The regulator also proposed expanding the low-power devices to use the remaining 6 Ghz band and the ability to use higher power levels if they are geofenced to stop interference with licensed operations on the same band.

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Helium (HNT) gains 40% after $111M fundraise and 100K active nodes milestone

HNT price hit a 3-month high after the network’s active nodes surpassed 100,000 and the project raised $111 million through a token sale.

Among the more than 11,000 listed cryptocurrencies exist a few projects that offer a revolutionary use case capable of improving the way society operates through the integration of blockchain technology. 

One such project is Helium (HNT), a decentralized peer-to-peer 5G wireless network that made headlines on Aug. 10 thanks to the successful completion of a token sale that raised $111 million from multiple investors, including Andreessen Horowitz.

Data from Cointelegraph Markets Pro and TradingView shows that HNT price spiked 30% from a low of $14.03 to an intraday high at $18.14 following the fundraise announcement.

HNT/USDT 1-day chart. Source: TradingView

Three reasons behind the growing strength of the Helium network include a continually expanding ecosystem of nodes that provide coverage for the network, new companies and partners that utilize the Helium network to track and store data and the recent issuance halving that the protocol underwent.

The "People's network" hits 100,000 nodes

One of the biggest factors boosting the legitimacy of the Helium network is its expanding network of nodes that surpassed 100,000 in July.

Increasing demand for hotspots has resulted in more than 50 hotspot manufacturer applications being submitted through the Helium Improvement Proposal (HIP) 19 process and this signals that the number of hotspots could continue to rise for the foreseeable future.

The network's growth is further bolstered by the introduction of a new types of hotsposts which include a ‘Light’ hotspot and data-only hotspot.

Map of all hotspots on the Helium network. Source: Helium

As of August 10, there are 117,377 nodes operating on the Helium network with the highest concentrations found in the United States, Europe and China. 

New data partners join the network

Another bullish factor behind HNT's recent move is the expanding list of data partners using the low-cost network.

The latest company to join the Helium network for its data management needs is Invoxia, a company that develops GPS trackers for individuals and businesses.

Some of the other companies that utilize the Helium network to track all manner of data from agricultural information to temperature readings include Salesforce, Conserv, Smart Mimic and myDevices.

Helium network partners. Source: Helium

As the number of operational nodes expands to offer wider network coverage for low-cost data tracking, it’s likely that more companies will use the network.

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Multiple factors reduce HNT's circulating supply

A third development that has put positive pressure on HNT price is the recent halving that cut the monthly issuance of HNT from 5 million to 2.5 million.

Halving the amount of HNT issued per day comes at the same time that the network is adding partners and expands its coverage. This has the potential effect of increasing demand and leading to further price growth as network activity increases.

The introduction of staking validators on July 23 is another protocol development that has led to positive price pressure on HNT.

Helium network validator statistics. Source: Helium

At the time of writing, more than 21.32 million HNT — 23% of the total supply — have been removed from circulation and staked on the network.

The recent fundraising round from venture capital giants like Andreessen Horowitz, Multicoin Capital and Alameda Research, is further proof that Helium is a fundamentally strong project that has real-world applications and the potential to see further growth in the short and long-term.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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