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Home » MapMetrics Shifts from Solana to peaq: A New Era for DePIN Projects

MapMetrics Shifts from Solana to peaq: A New Era for DePIN Projects

Transitioning to a Specialized Layer-1 Solution

Kelly Cromley by Kelly Cromley
Apr 26, 2024
in Market News, News
Reading Time: 1 min read
0
mapmetrics from solana to peaq

MapMetrics, a decentralized physical infrastructure (DePIN) project, has announced its departure from the Solana ecosystem, opting to migrate to peaq, a layer-1 solution tailored for DePIN and Machine real-world assets (RWAs).

The decision to transition was influenced by peaq’s offering of a diverse range of modular DePin functionalities, according to Brent van der Heiden, co-founder of MapMetrics. He highlighted peaq ID, a decentralized multi-chain machine identity, as a key feature facilitating the prioritization of real machines during periods of high load. Moreover, the availability of Modular Functions, such as the DePIN data verification framework, is anticipated to enhance MapMetrics’ capabilities.

Heiden emphasized the potential synergies within the broader peaq ecosystem, including collaboration opportunities with other DePINs and enterprise partners, which could lead to the establishment of new partnerships and increased project demand.

The migration process will unfold in multiple phases, starting with the deployment of smart contracts on peaq, followed by the transfer of core business logic to the layer-1 platform. Subsequently, native token minting will be facilitated on peaq, accompanied by a bridging option for existing token holders.

Despite MapMetrics’ departure from the Solana ecosystem, Solana continues to serve as a preferred blockchain platform for numerous DePIN projects.

In a related development, Natix, another DePIN mapping project, announced its plans to launch its native token on the Solana blockchain while maintaining collaboration with the peaq network.

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