NFTs for vehicles, machines and devices.

We touched on Machine NFTs when we unveiled the peaq network earlier this month, here. This is a more detailed overview.

NFTs or Non-Fungible Tokens are exactly that — tokens that are not fungible. Fungible means indistinguishable from and replaceable by another of the same kind. Non-fungible is the opposite…

Enabling a Web3-ready Economy of Things.

The Internet of Things was built on Web2. The world is shifting to Web3. peaq takes vehicles, machines and devices from the Web2-based Internet of Things to the Web3-based Economy of Things.

  • The peaq network aims to become the Economy of Things (Machine Economy) branch of the Polkadot ecosystem.
  • peaq…

In a nutshell.

Photo by Florencia Viadana on Unsplash

The history and evolution of the internet up until this point and how the Web3 is going to change everything — again — is a long story worth telling in detail. In this piece I’m going to try to summarise it as simply as possible.

Web1 — Information

‘The Web’ has for decades…

Thoughts on where we’re heading.

Photo by Jacek Dylag on Unsplash

The most far-reaching accomplishment of Satoshi Nakamoto and bitcoin was to introduce us to blockchain / Distributed Ledger Technology (DLT).

DLT, in its many shapes and sizes, is transforming what began as an economic experiment into a full-scale societal revolution that will permeate every nook and cranny of our world.

A technology powerful enough to disrupt society’s longest standing institutions, markets and economies.

Photo by Charles Deluvio on Unsplash

People have always looked for ways to reduce uncertainty between one another when exchanging value. Unfortunately abstract trust is not enough to ensure an exchange will go smoothly. As trade mushroomed from an act between individuals in small communities to an intricate process involving multiple entities all over the world…

Max Thake

Building the Web3 machine economy — and writing about it too. | peaq co-founder |

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