Uplink, a company aiming to democratize internet access, has just announced a $10 million funding round led by Framework Ventures. On the other hand, InQubeta (QUBE), The revolutionary platform that allows investors to participate in the future of AI technology raised over $13.5 million during its 9th stage.
Uplink Secures $10 Million to Democratize Internet Access
The company is a Decentralized Physical Infrastructure Network (DePIN), an industry estimated by Messari, a data provider, to have a market value of $3.5 trillion by 2028. Moreover, DePIN projects are widely used to link blockchain technology with physical systems. These projects often issue tokens to motivate people to contribute to the infrastructure.
Uplink aims to decentralize network connectivity, creating better distributed and user-operated infrastructure. However, the goal is to make the network decentralized so that users do not need to rely on centralized telecommunication providers.
Earning Rewards and Contributing to Uplink Network
Users or enterprises will gain tokens as a reward by helping to run the network or participating in its use. They can integrate their community/business’s existing infrastructure into the Uplink network or install compatible hardware for the same. Additionally, the company plans to issue a cryptocurrency in the fourth quarter of 2020. “The financial incentives created will foster more DePin-powered internet users, enabling access wherever there is Uplink coverage and identifying areas where it’s lacking,” the company said in the press release. As mentioned in an article on Framework Ventures, the majority of DePIN projects, such as Helium, have adopted a retail-oriented approach to the initial distribution of the network and hardware.
Helium, perhaps the most significant DePIN project, has a market capitalization of almost one billion dollars. “Uplink, on the other hand, is focusing on a different approach and is trying out large enterprise partnerships for initial distribution.” However, we believe that at this startup stage of DePIN, our initial adoption will mainly come from conglomerates that can directly help in fleet deployment,” stated by Framework Ventures.
InQubeta (QUBE) Democratizing Investment in AI Startups
InQubeta introduces the world’s first crypto crowdfunding platform, pioneering fractional investments in AI start-ups through its native $QUBE tokens. This innovative ERC20 token is deflationary, with a unique structure designed to increase in value over time.
Each investment opportunity is minted into an NFT and fractionalized, allowing investors to participate based on their budget while enjoying the perks of early backing. Moreover, InQubeta’s NFT marketplace complements this approach by enabling AI start-ups to raise funds and offer reward and equity-based NFTs, fostering a symbiotic relationship between investors and start-ups.
InQubeta (QUBE) Presale Crossed $13.5 million
Currently in Stage 9 of its presale, InQubeta has already raised an impressive $13.5 million. The $QUBE token’s deflationary mechanism, which includes a 2% tax on buy and sell transactions for token burning and a 5% sell tax contributing to a reward pool, incentivizes long-term holding and active participation within the ecosystem. Not only that, this unique investment opportunity not only fuels the growth and success of AI technology start-ups but also demonstrates the potential of blockchain and smart contracts to revolutionize traditional investment methods, making them more accessible, transparent, and efficient for a broader community of investors.
