In response to growing interest in decentralized infrastructure solutions, CoinList recently conducted a poll to gauge users’ preferences for emerging project categories. The results highlighted a strong demand for decentralized physical infrastructure networks (DePIN). CoinList has now announced an exciting partnership with U2U Network, a Layer 1 blockchain focused on DePIN, for an exclusive pre-listing campaign, marking a pivotal moment for the DePIN sector.
DePIN: A New Era in Decentralized Infrastructure
The Decentralized Physical Infrastructure Network (DePIN) is a groundbreaking technology aimed at revolutionizing how critical infrastructure such as computing, energy, and telecommunications are managed. By decentralizing these services, DePIN offers scalability, resilience, and cost-efficiency that traditional centralized systems cannot match. This innovation is set to reshape technological progress, broadening access and creating new economic opportunities for communities that have historically been excluded.
As of November 2024, the DePIN market has surpassed a market capitalization of $33.6 billion, according to CoinGecko. Venture capital interest is also growing, with a 2023 Messari report estimating the market’s potential to reach $3.5 trillion by 2028. With over $1 billion in funding raised so far, the sector is poised for continued rapid growth.
CoinList, recognized as the leading platform for initial decentralized offerings (IDOs) in the crypto space, has already successfully hosted multiple DePIN projects, including Filecoin, NATIX, Koii, and Peaq. Following the success of Peaq's recent listing, CoinList has now announced its collaboration with U2U Network, the leading DePIN Layer 1 blockchain in Asia.
U2U Network and CoinList: The U2U Incentivized Mainnet Saga Campaign
U2U Network, supported by major investors including Kucoin Ventures, Chain Capital, IDG Blockchain, and V3V Ventures, has emerged as a standout DePIN project. U2U Network is the only DePIN project selected for partnership with CoinList in Q4 2024, highlighting its leadership and innovation in the space.
The U2U Network leverages advanced directed acyclic graph (DAG) technology and Ethereum Virtual Machine (EVM) compatibility to deliver fast transactions and rapid finality. Its modular Layer 1 design addresses the fragmentation in the DePIN market by providing a fully integrated blockchain solution. U2U's subnet technology allows for the creation of customizable, independent sub-networks, offering scalability and flexibility tailored for DePIN applications. This architecture ensures high performance, robust security, and adaptability, making it easier for developers to create and deploy DePIN solutions, while enabling users to engage with and earn from a variety of DePIN projects.
CoinList's collaboration with U2U Network centers on the U2U Incentivized Mainnet Saga Pre-listing Campaign. This campaign offers participants the chance to earn $U2U tokens prior to the official market listing. To participate, users must bridge $USDT to Owlto Finance to receive $pUSDT, which can then be staked in the U2U Incentivized Staking Pool. A total reward pool of 10,000,000 $U2U tokens is available as part of this initiative.
The campaign runs from November 12, 2024, to February 10, 2025. For more information and to participate, visit: https://mainnetsaga.u2u.xyz/.
Expanding U2U Network's Reach
In addition to its partnership with CoinList, U2U Network is preparing to launch a major campaign with Bitget, a leading cryptocurrency exchange and Web3 innovator. This partnership marks another key milestone in U2U Network's efforts to expand its presence within the DePIN ecosystem. Stay updated on U2U Network’s social channels for more details about this upcoming collaboration.
Looking Ahead: U2U Network's Promising Future
As excitement builds around U2U Network's pre-listing campaigns, the project is on track for a major listing in Q4 2024. With its vision to provide a comprehensive blockchain solution for the DePIN space, U2U Network is poised to play a central role in the evolution of the decentralized infrastructure sector. The future holds significant opportunities as U2U Network continues to drive innovation and growth in the blockchain industry.
About U2U Network
U2U Network is a modular Layer 1 blockchain that specializes in subnet technology, designed specifically for DePIN applications. The network has garnered support from prominent investors such as Kucoin Ventures, Chain Capital, IDG Capital, and Cointelegraph, among others. U2U Network has established partnerships with major players like AWS, Klaytn Foundation, and IoTex. The project’s Mainnet is live, with over 180,000 wallet addresses, 155,000 downloads of its U2DPN product, and 59,000 contributor nodes. U2U Network is working with over 80 decentralized applications (dApps) and has signed agreements with 40 DePIN projects.
About the Vietnam Tech Impact Summit 2024 (VTIS)
The Vietnam Tech Impact Summit (VTIS) is the premier technology event in Vietnam, designed to connect global experts, businesses, investors, and tech enthusiasts. Focused on the themes of Fintech, AI, Blockchain, and Gaming, VTIS serves as a gateway to Vietnam's emerging technology market, offering opportunities for partnerships and investment. The event is hosted by SSI and FPT Group and organized by SSID.
