According to PANews, Layer1 blockchain company peaq has partnered with Pulsar Group to introduce a dedicated sandbox in the United Arab Emirates. This initiative aims to explore the integration of robotics and artificial intelligence within a decentralized economy. The collaboration has led to the establishment of the 'Machine Economy Free Zone' in Dubai, which combines regulation, infrastructure, and investment to advance decentralized, machine economy-specific use cases.
The program is designed to provide a controlled environment for developers, businesses, and government stakeholders to test and develop machine economy applications, including DePIN networks. Max Thake, co-founder of peaq, explained that the free zone will build a 'human-centric economic system' where autonomous robots and smart devices can generate value and earn rewards.
Potential applications include community-driven air quality monitoring, hyper-localized weather forecasting, and virtual power plants composed of user devices. The project introduces an innovative 'Universal Basic Ownership' (UBO) mechanism, which aims to distribute a portion of the wealth created by robots to groups affected by automation-induced unemployment through tokenization.