Leonard Dorlochter, co-founder of peaq, announced in an exclusive statement to CryptoSlate that the layer-1 blockchain, which focuses on decentralized physical infrastructure networks (DePINs) and Machine RWAs, is preparing for its mainnet launch and token offering.

Dorlochter emphasized that the mainnet launch signifies a significant milestone for the project, marking years of research and development and collaborations with industry giants like Bosch. Additionally, he expressed excitement about opening peaq to the community through the upcoming token offering, stating that these events will unfold over the next few weeks.

This announcement follows peaq's successful $15 million pre-launch funding round, led by Generative Ventures and Borderless Capital, with participation from prominent Web3 investors. The substantial investment underscores the growing interest in the DePIN space, which Messari estimates could reach a market potential of $3.5 trillion by 2028.

While specific details about the token offering are currently undisclosed due to ongoing processes, Dorlochter confirmed that these events are imminent. He also outlined plans for a major campaign to support DePINs building on peaq, including various gamified challenges with rewards.

peaq's layer-1 blockchain is tailored to meet the unique requirements of DePINs, offering essential backend functions, a machine-centric economic model, and a supportive ecosystem. These features aim to differentiate peaq from other networks and position it as a leading player in the DePIN space.

The funding round follows a year of significant growth for peaq, which saw the onboarding of over 20 DePINs across various use cases. Collaborations with industry leaders like Bosch and Fetch.ai in 2023 demonstrated the real-world applications of peaq, highlighting the potential for DePINs to bridge the gap between Web3 and the physical world.

As the DePIN sector gains momentum, peaq's upcoming mainnet launch and token offering aim to drive the adoption and growth of decentralized physical infrastructure networks. The project's focus on providing a robust, scalable, and interoperable platform for DePINs, along with its expanding ecosystem and industry partnerships, position it as a pivotal player in this cycle's narrative.