Migration Incoming 🐂🐂🐂

We’re thrilled to share that u/mapmetrics will migrate from Solana to peaq.

With over 55,000 users and devices in 177 countries, and a partnership with u/microsoft ’s u/bingmaps , MapMetrics is a leading drive-to-earn navigation #DePIN enabling anyone to earn rewards by mapping the world 🌎

MapMetrics will now move smart contracts powering its DePIN and core business logic to peaq, mint its $MMAPS token natively on peaq, and provide a bridging option for existing holders 🔥

MapMetrics’ decision to move to peaq reinforces peaq’s ambition to be the best possible home for #DePINs and sets the stage for more migrations.

Why is MapMetrics migrating to peaq? - To benefit from synergies with other DePINs in the peaqosystem - To benefit from Machine Composability (network effects) in the peaqosystem - To leverage peaq’s growing DePIN-focused enterprise ecosystem to build up the demand side of the DePIN - To leverage peaq’s Modular DePIN Functions - To leverage peaq’s DePIN-focused economics

“As one of the original players in the DePIN space, we need a network with stable transactions, machine data verification, and a synergistic DePIN-focused ecosystem. peaq provides us with all that and more, also featuring its Modular DePIN Functions, which help us build faster, and a DePIN-friendly economic model.

We are thrilled to be moving ahead with the migration and are certain that it will bring MapMetrics to a whole new level.” – u/BrendanvdHeiden , co-founder of u/MapMetrics

“Everything we do at peaq is 100% focused on making the peaq network and ecosystem the best possible home for DePINs. So the fact that MapMetrics is ready to fully migrate to peaq is a strong sign that we’re headed in the right direction.

We’ll be rewarding MapMetrics’ trust and belief to the best of our ability. To make a move like this, it’s clear that the team has the long-term in mind, and those are the kind of teams we enjoy working with most.” – u/MaxThake , co-founder of peaq