Nuklai, an on-chain smart data platform, and peaq, a layer-1 blockchain for decentralized physical infrastructure networks (DePINs), have announced an integration aimed at enhancing AI and data monetization tools for DePINs, starting with the global Web3 marketplace for farmers, Farmsent.

This collaboration follows peaq's successful token launch on Coinlist, which raised $35 million from over 14,500 wallets, marking one of the platform's largest campaigns in two years, oversubscribed by $15 million.

The partnership between Nuklai and peaq aims to broaden the range of AI and data tools available to DePINs on the peaq platform. By utilizing Nuklai’s specialized smart data infrastructure, DePINs can improve their solutions with high-quality datasets and industry insights, while also enabling fair data monetization opportunities. Nuklai anticipates leveraging data from more than 400,000 devices, vehicles, machines, and robots within the peaq ecosystem, bridging blockchain technology with real-world industries and economies.

This integration is particularly timely as the number of IoT devices is expected to grow substantially, generating vast amounts of data. Nuklai seeks to address this by consolidating fragmented data into an on-chain smart data ecosystem that emphasizes sharing, requesting, evaluating, and monetizing data. By transforming raw data into refined smart data, Nuklai enhances its utility for AI models, benefiting enterprise clients by enhancing production efficiency and predictive analytics.

Jochem Herber, Head of Ecosystem at Nuklai, highlighted that Nuklai will equip DePIN projects with the necessary tools to monetize or leverage their data, establishing Nuklai as the primary AI layer for DePINs within peaq’s established ecosystem.

A significant component of this partnership involves collaborating with Farmsent and consumer-facing businesses utilizing peaq IDs. Farmsent, which boasts over 160,000 farmers on its middleman-free DePIN and marketplace ecosystem, enhances data sharing and collaboration within the global food supply chain.

Farmsent utilizes blockchain to optimize the food supply chain by streamlining trading processes, ensuring food security, reducing costs, and enhancing transparency. Through decentralized product passports (DePPs), Farmsent records and verifies the journey of agricultural products, providing a transparent and tamper-proof record that empowers small farmers and builds consumer trust.

The collaboration with Nuklai is expected to enhance Farmsent’s capabilities by integrating advanced AI tools to process and analyze agricultural data collected through sensors, human input, and third-party sources. Nuklai’s AI engine will convert this data into actionable insights, fostering a shareable data economy. This integration will benefit Farmsent by offering valuable insights and contributing to a more data-driven agricultural future.

Matthijs de Vries, Founder and CEO of Nuklai, emphasized the importance of secure and seamless data flow for the IoT sector. Integrating peaq’s ecosystem of DePIN innovators presents a promising use case for Nuklai’s smart data infrastructure, optimizing processes and unlocking 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, providing more tools for builders. The partnership is expected to yield mutual benefits, as data collected by IoT devices and machines becomes invaluable within Nuklai’s ecosystem of data users.

As Farmsent continues to advance its blockchain-powered traceability system, the collaboration with Nuklai and peaq is poised to further its mission of empowering small farmers, enhancing 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.