MapMetrics ditches Solana blockchain for peaq

Drive-to-earn DePIN project MapMetrics will slowly transition to the peaq blockchain

article-image

MapMetrics modified by Blockworks

share

Decentralized Physical Infrastructure (DePIN) project MapMetrics will leave the Solana ecosystem and migrate to peaq, a layer-1 solution designed specifically for DePIN and Machine real-world assets (RWAs).

MapMetrics is a drive-to-earn project that rewards users with tokens and NFTs for providing anonymous live traffic and map data. Similar to DePIN project Hivemapper, the team hopes to create a decentralized global map using Web3 technology. 

Read more: ‘Drive-to-earn’ app aims to bootstrap ‘dynamic maps’ with crypto rewards

Brent van der Heiden, co-founder at MapMetrics, told Blockworks that the decision was made as peaq offered a variety of modular DePin functionality.

“Peaq ID, a decentralized multi-chain machine identity, enables the network to prioritize real machines in times of high load,” Heiden said. “The Modular Functions, such as the DePIN data verification framework, will also help us further expand our DePIN’s own features.”

Additionally, Heiden notes there are a handful of potential synergies in the wider peaq ecosystem, including with other DePINs and its enterprise partners, which may enable the team to secure new partnerships to build out demand for the project. 

“Peaq’s community includes thousands of DePIN enthusiasts, which will help us grow, and the Machine Composability that comes with using the same identity standard across the ecosystem will help us tap into the pool of devices already on peaq,” Heiden said.

The transition process will be completed over multiple phases, beginning with smart contract deployments on peaq, followed by moving core business logic over to the layer-1. Afterwards, native token minting will also be available on peaq, and a bridging option will be available to existing holders. 

Despite MapMetric’s decision to leave the Solana ecosystem, the blockchain remains a popular home for many DePIN projects today. 

Read more: DePin projects have gained momentum on Solana blockchain

Natix, another DePIN mapping project, revealed today that it will be launching its native token on the Solana blockchain, while continuing to collaborate with the peaq network.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

recent research

dydx unlimited.png

Research

dYdX Unlimited is a revamp to the protocol's design and tokenomics.

article-image

USD-denominated floor prices for both NFT collections have now gone more than 20x since December 2022

article-image

Keep an eye on liquidity into the holidays, Kraken’s Thomas Perfumo says

article-image

A Solana researcher identified that the network’s top sandwich bot was pocketing millions of dollars a day from sandwich attacks

article-image

A strategic currency devaluation does have some historical precedent in China

article-image

Bitwise execs predicted Tuesday that bitcoin ETFs will attract more flows next year than they did in 2024

article-image

Extended is ramping up its hybrid derivatives exchange with a key offering