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Nuklai and peaq join forces to enhance AI and data monetization

Nuklai and peaq join forces to enhance AI and data monetization

Nuklai, an smart data blockchain platform, has announced its integration with peaq, a Layer-1 blockchain specializing in Decentralized Physical Infrastructure Networks (DePIN) and Machine Readable Web Applications (RWAs), as per the information shared with Finbold on May 16. 

The collaboration aims to enrich the artificial intelligence (AI) and data capabilities available to DePINs within the peaq ecosystem.

The partnership comes at a crucial time, as the global count of Internet of Things (IoT) devices stood at 15.1 billion last year, with projections indicating an increase to 19.08 billion by 2025, generating 73.1 zettabytes of data

Bringin Nuklai’s data infrastructure to peaq

Through the integration, peaq’s extensive network comprising over 400,000 devices, vehicles, machines, and robots will benefit from Nuklai’s advanced data infrastructure. 

This will enable enhanced machine learning, data processing, and use of high-quality datasets and industry insights, together with equitable data monetization opportunities.

Nuklai’s mission is creating the first on-chain smart data ecosystem, enabling seamless data sharing, requesting, evaluation, and monetization. 

By converting raw data into high-quality smart data, Nuklai significantly enhances its utility for AI models. 

This initiative, already supported by leading experts in AI, DePIN, and graphics processing unit (GPU) technology, aims to boost production efficiency, improve predictive analytics, and foster a robust data economy.

Continuing Web3 expansion

The partnership with peaq follows Nuklai’s earlier collaboration with Farmsent, a global Web3 marketplace designed for farmers and consumer-facing businesses utilizing peaq IDs. 

Over 160,000 farmers have joined this middleman-free DePIN and marketplace ecosystem, aiming to improve data sharing and collaboration in the global food supply chain.

Jochem Herber, Head of Ecosystem at Nuklai, remarked:

“peaq hosts over 25 DePINs across various industries, each sitting on vast amounts of valuable data. Nuklai will provide these projects with the tools they need to monetize or effectively leverage their data, empowering them to maximize their resources. We are excited to move forward with this integration, positioning Nuklai as the premier AI layer for DePIN, thanks to peaq’s leadership in this sector.”

The synergy between AI and the Economy of Things

The secure and seamless flow of reliable data is vital to the  IOT sector, said Matthijs de Vries, Founder and CEO of Nuklai.

De Vries further added that Integrating Nuklai’s smart data infrastructure with peaq’s DePIN ecosystem is a promising step, especially in our work with Farmsent.

Till Wendler, co-founder of peaq, added that the synergy between AI and the Economy of Things is undeniable. 

High-quality AI and data infrastructure layers like Nuklai bring immense value to our ecosystem, providing builders with more powerful tools. 

According to de Vries, this partnership offers mutual benefits, as the data gathered by IoT devices and machines is crucial to Nuklai’s ecosystem of data users, enhancing the overall data economy.

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