Uplink is a decentralized internet connectivity platform that allows users to share their existing internet and encourages the deployment of new internet in underconnected areas.
Uplink's decentralized physical infrastructure network (DePIN) has officially launched on the Layer 1 Avalanche blockchain. This is the first DePIN project on Avalanche.
Uplink aims to decentralize internet connectivity by encouraging users to share their existing networks and deploy new infrastructure in underserved areas. With Avalanche's fast transaction processing capabilities, Uplink hopes to drive decentralized connectivity and expand the ecosystem through token-based incentive programs and innovative application features.
After launching on Avalanche, Uplink CEO Carlos Lei said the company will reach several key milestones next year, including the release of the Uplink app to authenticate router locations and allow users to share verified internet connections.
"The app will also have breakthrough features that we're keeping secret, but promise to change the way users participate and benefit from decentralized connectivity," Lei said. "In parallel, we will launch a Layer 1 testnet on Avalanche, enabling the community to take critical actions related to providing and using connectivity. This initiative will also pave the way for the launch of our platform token, allowing for global data consumption and transactions within the Uplink ecosystem."
Blizzard Venture Capital, which specializes in funding Avalanche-based projects, has invested an undisclosed amount in Uplink. Previously, Uplink raised $10 million from Framework Ventures.
Avalanche's AVAX token is currently the 11th largest cryptocurrency with a market capitalization of $19.4 billion, according to Coinmarketcap.
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The article Uplink launches as the first DePIN on Avalanche first appeared on CoinMoi.
