PANews reported on June 12 that the Layer1 blockchain Peaq and the Pulsar Group have launched a dedicated sandbox in the United Arab Emirates. Their goal is to explore the integration of robotics and artificial intelligence in a decentralized economy. They have established a “Machine Economy Free Zone” in Dubai, combining regulation, infrastructure, and investment to advance decentralized use cases specific to the machine economy.
Max Thake, the co – founder of Peaq, introduced that the free zone will build a “human – centric economic system”. In this system, autonomous robots and intelligent devices can generate income by creating value. Specific application scenarios include community – driven air quality monitoring, hyper – local weather forecasting, and virtual power plants composed of user – owned devices.
The project innovatively proposes a “Universal Basic Ownership” (UBO) mechanism. Through tokenization, it allocates part of the wealth created by robots to the groups that become unemployed due to automation. The UAE sandbox enables comprehensive development and testing of machine tokenization applications. Token holders can obtain a share of the revenue generated by specific machine activities. Take an autonomous robo – cafe as an example. The cafe sells coffee, processes transactions digitally, and reports the data on – chain. Tokenization means that token holders will be rewarded for each cup of coffee sold by the robot.
The UAE has become a key hub for tokenization. The Virtual Asset Regulatory Authority (VARA) in Dubai has updated its framework for bringing real – world assets (RWAs) on – chain. As a result, tokenized asset activities have grown rapidly in Dubai, where blockchain – based real – estate transactions have reached billions of dollars.
Peaq is a Layer 1 blockchain designed specifically to support decentralized physical infrastructure networks (DePIN) and machine – related real – world assets (RWA). It has features such as parallel block production, asynchronous backup, and flexible kernel scheduling, which enable it to achieve a performance of 10,000 transactions per second (TPS). After upgrading, its scalability can reach 100,000 TPS while maintaining low transaction costs. In addition, Peaq adopts an eco – friendly blockchain architecture and draws resources from the largest (Ethereum) and the second – largest (Substrate) developer ecosystems in the Web3 field.
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