CoinList To Develop the DePIN Market With the First DePIN Collaboration With U2U Network This Q4
Recently, CoinList conducted a poll asking users “What category of projects do you want to see most on CoinList?” underscoring growing interest in decentralized infrastructure solutions.
Following this, CoinList announced an exciting partnership with U2U Network, a DePIN-focused layer-one, for an exclusive pre-listing campaign.
DePIN More than just a trend
DePIN (decentralized physical infrastructure network) is emerging as a technology aimed at shifting how infrastructure is managed.
By decentralizing services like computing, energy and telecommunications, DePIN seeks to offer scalability, resilience and cost-efficiency beyond what centralized systems typically provide.
This innovation represents a new phase of technological progress one that broadens access and creates opportunities for communities historically excluded from economic growth.
DePIN’s impact is set to be significant.
As of November 2024, the DePIN sector boasts a market capitalization exceeding $33.6 billion, according to CoinGecko.
Venture capitalists are increasingly investing in DePIN projects, indicating strong interest in the sector.
A 2023 report by Messari values the market potential for DePIN at $2.2 trillion, with projections to reach $3.5 trillion by 2028.
To date, DePIN projects have collectively raised over $1 billion in funding, reflecting growing investor confidence in this area.
CoinList, the number-one IDO platform in crypto, acknowledged the potential of DePIN and joined the market with many successful DePIN projects such as Filecoin, NATIX, Koii, Peaq and more.
After the recent successful listing period of Peaq, CoinList has just announced its new collaboration with U2U Network, the leading DePIN layer-one in Asia, for a new pre-listing campaign.
Coinlist x U2U Network U2U incentivized mainnet saga campaign
U2U Network backed by Kucoin Ventures, Chain Capital, IDG Blockchain, JDI, Cointelegraph, Crypto Assets Japan and V3V Ventures stands as the only DePIN project selected for collaboration by CoinList in Q4 2024, a clear sign of its innovation and leadership.
As a modular layer-one network, U2U Network uses advanced DAG (directed acyclic graph) technology and EVM (Ethereum Virtual Machine) compatibility to provide fast transactions and quick finality.
U2U Network aims to address the fragmented nature of the DePIN market, where full integration across applications is rare. Its vision is to create a complete blockchain solution for DePIN.
The network’s unique subnet technology allows for the creation of customizable, independent sub-networks that offer scalability and flexibility tailored for DePIN applications.
This design provides high performance, strong security and adaptability, giving developers the tools to build and launch DePINs efficiently while enabling users to connect, contribute and earn from various DePIN projects.
CoinList’s partnership with U2U Network reflects their shared commitment to advancing the DePIN sector.
This collaboration is highlighted by the U2U incentivized mainnet saga pre-listing campaign, marking a key step in driving the growth and adoption of DePIN technology.
A way to earn with this campaign is to get access to U2U tokens before they hit the market.
Users now have an opportunity to earn U2U tokens by bridging USDT on Owlto Finance to receive pUSDT and then staking pUSDT in the U2U incentivized staking pool.
A reward pool of 10,000,000 U2U tokens has been allocated for this initiative.
Timeline 90 days, from November 12, 2024, to February 10, 2025
For more information, users can visit here.
Beyond its partnership with CoinList, U2U Network is set to embark on an ambitious campaign with Bitget, a world-leading cryptocurrency exchange and Web 3.0 innovator.
This collaboration marks another significant step in U2U Network’s mission to expand its reach and influence within the DePIN ecosystem.
Stay connected with U2U Network’s social channels for upcoming details about this exciting venture.
The future goes on
As excitement builds across the community from U2U Network’s pre-listing campaigns, the anticipated listing is set to launch in Q4 2024.
With its vision to be a comprehensive blockchain solution for DePIN, U2U Network is poised to take the blockchain space by storm, bringing robust innovation and value to its ecosystem and users alike.
As the listing approaches, the path forward for U2U Network promises exciting opportunities and impactful contributions to the blockchain industry and beyond.
About U2U Network
U2U Network is a modular layer-one with subnet technology that fits perfectly for DePIN.
Their backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port and others.
The project has also entered into partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher and more.
KOLs that have invested in U2U Network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony and others.
Mainnet is ready with more than 180,000 wallet addresses. DePIN subnet launched with U2DPN product with more than 155,000 downloads, 59,000 contributor nodes and 9,000 DAU (daily active users) in three months of launching.
Eighty DApps (decentralized applications) committed to building on chain EVM-compatible range from crypto applications DeFi, GameFi, SocialFi, etc. o real-world scenarios, like storage and dating mining, and over 40 DePIN projects signed MOU and under integration, with 25 other projects in the pipeline.
About the host VTIS
VTIS (Vietnam Tech Impact Summit 2024) he premier tech event in Vietnam.
VTIS is a hub for transformative innovations, serving as, “The gateway to Vietnam’s emerging technology market.”
VTIS connects global experts, businesses, investors and tech enthusiasts across technology sectors.
Focusing on four themes intech, AI, blockchain and gaming, VTIS will unlock market access, partnerships and investment opportunities for startups.
Hosted by SSI and FPT Group and organized by SSID.
References
- Top DePIN coins by market cap (no date), CoinGecko. Available here. (Accessed: November 12, 2024).
- Kassab, S. (2023) The DePIN sector map, Messari Crypto News. Available here. (Accessed: November 12, 2024).
- The all-time top eight most funded DePIN projects (in USD). Available here. (Accessed: November 12, 2024).
Contact
Astrid Dang, U2U Network
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Follow Us on Twitter Facebook Telegram
The post CoinList To Develop the DePIN Market With the First DePIN Collaboration With U2U Network This Q4 appeared first on The Daily Hodl.
Go to Source
Author: Chainwire
