How to become HIVEMAPPER DePin Depin Solana with Ariel Sidman’s founder Originally Thestreet.
In an industry often it is determined by Vaporware and HYPE, it is rare to find an encryption project that is already paid by public companies by billions of dollars. But this is exactly what HIVEMAPPER is defending – and it may be the best answer for Crypto on the preferred question of the eternal skeptics: “But what does the encryption already do?”
“We have now appointed about 33 or 34 % of the global road network within a little more than two years,” said Eriel Sidman. “So one of the fastest growing map projects ever.”
This type of size and speed will be impressive for any start -up to start a maps fee, but HIVEMAPPER has achieved by taking advantage of the effects of the network on encryption. It is a decentralized physical infrastructure network (DEPIN) is based on Solana, using symbolic incentives for gathering on an actual global map, working on behalf of a network of DashCam drivers. This includes party workers, fleet operators, and even university children, sometimes driving his car for holidays.
Now, this network has started to bear fruit in a very real way.
“Only last month, I closed four deals,” Sidman said. “If you look at 2021, I think we have made a total of four deals. So only this month we did what we did two years ago.”
Among these deals: Lyft, Tomtom and Trimble – real companies with real use cases pay real money for real data. It is not bad to start the encryption that once tried to push the engines in cash. This did not go wonderfully.
Sidman recalls: “People have already complained like they were,” hey, can you send me encryption instead? “The transition to symbolic rewards on the chain solved this problem. Not only did it facilitate the push of shareholders in places such as the Philippines, but it added something more valuable: confidence.
“Society has just started trusting the entire system as a whole,” Sidman said. “It was not as if we were the bad guys. We were part of society.”
This transformation – a central cash payment to a society of people who move from the incentives of encryption and the growing ownership on the network – is exactly what causes Cosmo Jiang, Pantira’s administrative partner and a HIVEMAPPER supporter.
Jiang said: “All civilization and all the fruits of work that we enjoy today are based on capitalism, which were built on the coordination of incentives,” Jiang said. “I think the magic sauce of what the encryption really brings [is] … Coordination of incentives in a really new way. “
