DePIN based on Solana "XNET" partners with telecommunications giant AT&T to provide WiFi hotspots.

## XNET and AT&T have partnered

The Solana (SOL) based DePIN (Decentralized Infrastructure) project XNET announced a partnership with the American telecommunications giant AT&T on the 5th.

XNET is building a decentralized network of WiFi hotspots. Businesses and public spaces can receive rewards in the form of unique tokens in exchange for providing hotspots.

As a result of this partnership, AT&T users will be able to use the WiFi network provided by XNET in available locations. AT&T will pay data usage fees to XNET in dollars, and XNET will distribute token rewards to the hotspot operators.

XNET was established in 2022 and is based in California, USA. It provides a network utilizing the technology "Passpoint WiFi," which allows users to enjoy seamless and secure WiFi connections without the need for manual login.

Seamlessly connecting over 150 million mobile devices, providing carrier-grade WiFi and LTE/5G interconnectivity. Partnering with major telecom companies to work on offloading mobile data and enhancing connectivity.

The unique token "XNET" is a Solana SPL standard token with a maximum supply of 2.4 billion. According to Dune, the current market capitalization of the XNET token is approximately 2 million dollars (about 300 million yen), and the number of offloaded users on the network has reached around 9 million.

According to Blockworks, Richard DeVore, co-founder of XNET, mentioned that they raised millions of dollars worth of equipment using tokens without relying on traditional equity or debt financing.

What is DePIN?

Abbreviation for Decentralized Physical Infrastructure Networks. It is a system that utilizes the token economy to efficiently coordinate the construction and operation of infrastructure.

Example of DePIN projects in the communication sector

Currently, there are various DePIN projects in different fields. One that is working on communication on Solana is Helium ("Helium Network"). It is a decentralized LoRaWAN network (a type of wireless communication technology for IoT) that is operational in 77,000 cities.

Users can operate a wireless network for Internet of Things (IoT) devices such as delivery systems, medical transport and tracking devices, and smart lighting, thanks to Helium hotspots.

It also offers 4G/LTE and 5G coverage, and has partnerships with major telecommunications companies like T-Mobile.

Richard DeVore, co-founder of XNET, pointed out that while Helium allows individuals to set up hotspots at home, XNET is specialized in B2B (business-to-business) services.

Other project examples include Pocket Network (POKT), which provides a decentralized cloud.

It decentralizes data communication and API requests between blockchains, allowing node operators to receive the native token POKT as a reward for providing data relays.

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