peaq 101
peaq, the decentralized Web3 network powering the Economy of Things (EoT), and AllianceBlock, an end-to-end decentralized finance solutions provider, have announced a partnership centering on their acceleration into Web3. The partnership will see peaq utilize AllianceBlock’s end-to-end decentralized infrastructure in order to enhance the capabilities of the network's economic mechanisms, accelerating the creation of the Web3 machine economy.
peaq is a purpose-built blockchain network for the EoT, enabling the secure, fast and frictionless transfer of value and data between machines and their users. peaq empowers individuals, enterprises and governments to build, earn and govern on the network via EoT dApps. Leveraging AllianceBlock's end-to-end DeFi infrastructure will support the growth of these dApps and projects, unlocking liquidity, scalability, and interoperability on a new scale. The partnership will include:
About peaq
peaq is the decentralized Web3 network powering the Economy of Things (EoT). peaq is designed to solve some of our biggest societal and economic challenges, ensuring that the incentives of people and increasingly intelligent machines are aligned. peaq users will be the driving force of a new sustainable economic model, beginning by disrupting the automotive industry. peaq empowers individuals, enterprises and governments to build, earn and govern on the network via EoT dApps. The peaq network is purpose-built for the EoT, enabling the secure, fast and frictionless transfer of value and data between machines and their users, at a low cost. peaq’s use of machine NFTs allows users to buy and sell stakes of machines on the peaq network, effectively facilitating the monetization of machines. The network also allows developers to build a range of dApps on the network, creating the foundation for the EOT.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized finance and traditional finance, by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation. Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.
For more information on AllianceBlock, visit: www.allianceblock.io
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