Bringing DeFi to the Machine Economy on Polkadot — Interoperability is vital to success in Web3. At peaq, we think of Polkadot as a layer zero which provides the critical layer of interoperability and security which grants access to an ever-growing user-base, increasing liquidity and all kinds of innovative projects. Polkadot allows for seamless interoperability between all kinds of…

The Economy of Things is already here. — Machines exist in four key domains, land, sea, sky, and space. The machine economy therefore also exists across these domains. That’s a lot of machines, doing a lot of different things in a lot of different places. While it is certainly tempting for us to dream of the community building…

Deus Ex-Machina — Deus ex-machina is Latin for ‘god from the machine’. It originated as a plot device in Ancient Greek theater. The hero would find themselves trapped, facing certain death, only to be saved at the very last moment by the gods. The gods would be lowered to the stage with the…

A short overview of the milestones ahead. — In this article we’re going to touch upon the most important milestones on our journey to powering the Web3 Economy of Things. If you’d like to learn more about the Economy of Things read our article on it. Before diving into where we’re heading, let’s take a quick look back…

More questions than answers. Tesla announced plans for a humanoid robot called Optimus, which will be able to do "dangerous, repetitive and boring", such as providing manufacturing assistance. Meanwhile, the metaverse allows people to control avatars in the digital world and see, feel and hear what they do. …

Self-Sovereign Machine Identity is the first building block of a decentralized machine economy. — Machines, vehicles and devices do all kinds of things for us. Giving them Self Sovereign Identities (SSIs) will allow them to do much, much more. …

Web3 presents a solution to one of the greatest challenges of the 21st century. — Universal Basic Income (UBI) is a recurring income given to all citizens of a nation by their government. It is probably the most ambitious socio-economic concept of our time. Universal Basic Ownership (UBO) is an alternative to Universal Basic Income made possible by Web3, the next generation of the web…

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…

Powering the 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…