Nuklai, an on-chain smart data platform, and peaq, a layer 1 blockchain for decentralized physical infrastructure networks (DePINs), announced an integration aimed at improving AI and data monetization tools for DePINs, starting with the global Web3 marketplace for farmers, Farmsent.
The news comes as a peak completed a token launch on Coinlist, which raised $35 million from over 14,500 wallets in one of the largest campaigns the platform has seen in two years and was oversubscribed by $15 million.
The integration between Nuklai and peaq aims to expand the range of AI and data tools available for DePINs on peaq. By leveraging Nuklai’s specialized smart data infrastructure, DePINs can enhance their solutions through high-quality data sets and industry insights, while also benefiting from equitable data monetization opportunities. According to Nuklai, the collaboration will leverage data from more than 400,000 devices, vehicles, machines and robots within the peaq ecosystem, which bridges blockchain technology with real-world industries and economies.
This collaboration comes at a time when the number of IoT devices is expected to grow significantly and generate massive amounts of data. Nuklai aims to address this by consolidating the fragmented data landscape into a smart data ecosystem across the chain that emphasizes sharing, querying, evaluating and monetizing data. The platform’s transformation from raw data to high-quality smart data aims to increase its usability for AI models, benefiting enterprise customers by improving production efficiency and predictive analytics.
Jochem Herber, Head of Ecosystem at Nuklai, stated that Nuklai will equip DePIN projects with the necessary tools to monetize or leverage their data, positioning Nuklai as the primary AI layer for DePINs due to peaq’s established presence in this segment.
A key aspect of this integration is the partnership with Farmsent and consumer-facing companies using peaq IDs. Farmsent has signed up more than 160,000 farmers for the middleman-free DePIN and marketplace ecosystem, which improves data sharing and collaboration across the global food supply chain.
Farmsent uses blockchain technology to optimize the food supply chain. It streamlines the trade process and ensures food safety by reducing the number of middlemen, lowering prices and increasing transparency. With its decentralized product passports (DePPs), Farmsent records and verifies the journey of agricultural products, creating a transparent and tamper-proof record that empowers small farmers and builds consumer trust.
The partnership with Nuklai is expected to expand Farmsent’s capabilities by integrating advanced AI tools to process and analyze agricultural data collected from sensors, human inputs and third-party sources. Nuklai’s AI engine transforms this data into actionable insights, promoting a shareable data economy. This integration benefits Farmsent by providing valuable insights and contributes to a more data-driven agricultural future.
According to Matthijs de Vries, founder and CEO of Nuklai, the secure and seamless flow of reliable data is crucial for the IoT sector. Integrating peaq’s ecosystem of DePIN innovators is seen as a promising use case for Nuklai’s smart data infrastructure, which will help optimize processes and open new business opportunities.
Till Wendler, co-founder of peaq, highlighted the synergy between AI and the Economy of Things, emphasizing that Nuklai’s AI and data infrastructure layers add significant value to the ecosystem and unlock more tools for builders. The collaboration is expected to bring mutual benefits as the data collected by IoT devices and machines will be invaluable to Nuklai’s ecosystem of data users.
As Farmsent continues to develop its blockchain-powered traceability system, the partnership with Nuklai and peaq will further its mission of empowering smallholder farmers, increasing transparency and optimizing the food supply chain. By integrating advanced AI and data monetization tools, Farmsent aims to revolutionize the agricultural sector and contribute to global food security.
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