Web3 network powering Economy of Things, peaq is now integrating with peer-to-peer funding platform, AllianceBlock‘s Fundrs, to give developers on the network an opportunity to raise funds.
The latest development announced on September 1 will first see peaq’s Agung testnet integrate with Fundrs. The mainnet will later integrate with Fundrs, and developers building EoT dApps on peaq will be able to raise funds through it.
peaq is a Polkadot-based web3 network where developers can build decentralized applications for robots, vehicles, and other devices. The network uses Machine DeFi and Machine NFT to ensure equitable distribution of incentives within the industry.
It’s the first Polkadot project to integrate with Fundrs and could open the door to cross-chain contributions and a wider community.
Speaking on the new development, the co-founder of peaq, Till Wendler, said:
“Fundrs grants new capital-raising opportunities to teams building on peaq, helping them aim higher and innovate faster… More integrations will come from this partnership, which we’re excited to share in the future.”
Fundrs is a product of DeFi solutions provider, AllianceBlock. Similar to the shark tank, the platform allows founders and developers to pitch their idea to the community and secure financing. In exchange, the Fundrs community get early access to tokens.
The platform is currently running on Ethereum and Avalanche. But it has a loftier goal of supporting the entire blockchain ecosystem.
With partners that include BNB Chain, Hedera, Polygon, the London Stock Exchange Group, AWS Activate, Natwest and Ocean Protocol, it’s on the path to achieving the goal.
AllianceBlock CEO and co-founder Rachid Ajaja also commented on the integration:
“We are looking forward to seeing the peaq community list its first projects on the Fundrs dApp. Economy of Things projects aim at tangible, real-world processes and services, which contributors using Fundrs will likely appreciate a lot,” he said.
