XYO Network, a leading platform in decentralized physical infrastructure (DePIN), has announced it has reached over 10 million nodes in its network.
Data About XYO Network
Co-founder Markus Levin stated that most nodes in the network consist of mobile users. About 80% of them are non-crypto natives participating in Web3 for the first time. Truckers, rideshare drivers, delivery people, and healthcare workers are among these users. Approximately 95% of new users convert after onboarding through the COIN mobile application.
User Rewards
To reward users for providing data, XYO awards them points that can be redeemed for its native XYO cryptocurrency, as well as BTC, ETH, or gift cards.
Future of DePIN and XYO
In January, XYO launched its layer-1 blockchain, which collates real-world data from nodes onto a public ledger. The future expansion of the DePIN ecosystem includes over 1000 projects, evaluated at approximately $50 billion.
With the growth of its node count, XYO Network showcases significant expansion, opening new opportunities for creating decentralized infrastructure and attracting users into the crypto space.
