Building a 800,000 device DePIN blockchain, with Peaq Founder Till Wendler

Aug 26, 2024

Till Wendler, founder of Peaq Network and a pioneer in blockchain, shares his entrepreneurial journey from e-commerce payments to decentralizing machine leasing. He delves into the transformative concept of Decentralized Physical Infrastructure Networks (DePINs) and their role in the Economy of Things. Wendler reveals how Peaq successfully onboarded over 800,000 devices while tackling challenges in data-driven projects. He emphasizes the importance of real-time data exchanges and innovative use cases, such as using blockchain to mitigate noise pollution.

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ANECDOTE

Till Wendler's Entrepreneurial Journey

Till Wendler's interest in entrepreneurship sparked during his time in the States around 2015.
He later got involved with Bitcoin through his ex-girlfriend's brother, a Bitcoin miner.

ANECDOTE

Early Crypto Payment Venture

Till Wendler built an e-commerce payment business accepting ETH and BTC.
The venture provided valuable commercial lessons but wasn't financially lucrative.

INSIGHT

Moving to Berlin's Blockchain Scene

Till Wendler moved to Berlin to be closer to the burgeoning blockchain scene in 2016.
There, he met his co-founders and started exploring the intersection of IoT and blockchain.

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Lex chats with Till Wendler, Founder of Peaq Network - a leading DePIN Layer 1 in the blockchain space. In this episode, Till discusses his journey into entrepreneurship and the blockchain space. He talks about his early involvement with Ethereum and building a business around e-commerce payments using cryptocurrencies. Till also explains the concept of decentralized physical infrastructure networks (DePINs) and their role in the Internet of Things (IoT) and the Economy of Things (EOT). He highlights the limitations of current IoT systems and the potential for value exchange between devices. Till discusses the success of Peaq in attracting over 800,000 devices onto the network and the challenges of building demand for data-driven projects. He emphasizes Peaq's role in catalyzing the sector by providing support on product optimization, go-to-market strategies, and financial assistance.

MENTIONED IN THE CONVERSATION

Peaq's Website: https://bit.ly/3XjsaKo

Till's LinkedIn: https://bit.ly/4cGvSSJ

Topics: Blockchain, web3, decentralized applications, dapps, economy of things, EOT, depin, iot, decentralized physical infrastructure networks

Tags: Peaq, IOTA, Exonum, DMG MORI, Silencio, MapMetrics, Helium

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TIMESTAMPS

1’09: From the Valley to Blockchain: Till’s Journey into Entrepreneurship and Crypto

4’59: Building Peaq: From Berlin's Blockchain Scene to IoT Innovation

8’26: Connecting Machines to Blockchain: The Use Case Discovery and Peaq's Evolution

13’31: From IoT to the Economy of Things: The Evolution of Connected Devices

17’53: Unlocking the Machine Economy: The Role of Web3 and DePINs in Decentralized Infrastructure

20’50: Scaling the Machine Economy: Successful Use Cases Built on Peaq's Decentralized Network

23’34: Driving Network Growth: How Peaq Reached 800,000 Connected Devices Through Strategic Go-to-Market and Product Market Fit

29’15: Streamlining DePIN Success: How Peaq Simplifies Tokenomics and Focuses on User Demand

32’56: Empowering Ecosystem Growth: Peaq's Role in Supporting Projects from Integration to Funding

34’45: The channels used to connect with Till & learn more about Peaq

Disclaimer here — this newsletter does not provide investment advice and represents solely the views and opinions of FINTECH BLUEPRINT LTD.

Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella

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