Peaq, a leading Layer 1 blockchain company for decentralized physical infrastructure networks (DePIN) has successfully raised $20 million in a public token launch on the CoinList platform. The transaction was based on a valuation of $333 million.

Peaq Network empowers developers to build DePIN applications with a unique combination of flexibility and ease of use. Supports both Ink! smart contracts (Rust) and EVM, allowing developers to choose the language that best suits their needs. Additionally, Peaq offers a complete set of pre-built functionalities called Modular DePIN Functions. These features handle essential tasks like Self-Sovereign Machine IDs, role-based access control, data verification, seamless machine payment processing, data storage, data indexing, autonomous AI agents, and more.