TechFlow reports that the Decentralized Physical Infrastructure Network (DePIN) project DeNet has announced its migration from Polygon to the peaq network.
As part of this transition, DeNet will mint its storage token $TBY and deploy key smart contracts on the peaq network. Additionally, DeNet will move its main application, nodes, and Store&Earn program to peaq. In the future, DeNet plans to integrate its SDK with the peaq SDK, enabling other projects within the peaq ecosystem to more easily leverage its infrastructure as a data storage layer, and will issue its $DENET token on the peaq network.
Notably, as a decentralized data storage layer, DeNet is expected to not only serve other projects within the peaq ecosystem but also bring hundreds of thousands of new users and devices to peaq. DeNet currently has approximately 100,000 users across more than 25 countries, with a total storage capacity of 9PB—enough to store over 16,000 years of high-definition video.
