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DePIN project DeNet will migrate from Polygon to the peaq network.

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#DeFi
TechFlow
498Words
Sep 12, 2024

{"p1":"DeepTechFlow News: The decentralized physical infrastructure network project DeNet announced its migration from Polygon to the $peaq network.","p2":"As part of the migration, DeNet will mint its storage token $TBY on the $peaq network and deploy key smart contracts. Additionally, DeNet will transfer its main applications, nodes, and Store&Earn program to the $peaq network. In the future, DeNet plans to integrate its SDK with the $peaq SDK to make it easier for other projects in the $peaq ecosystem to utilize it as a data storage layer and issue the $DENET token on the $peaq network.","p3":"DeNet, as a decentralized data storage layer, will not only serve other projects in the $peaq ecosystem but also bring tens of thousands of new users and devices to peaq. DeNet currently has approximately 100,000 users distributed across more than 25 countries, with a total storage capacity of 9PB, sufficient to store over 16,000 years of HD videos."}

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