Wingbits Partners with peaq to Provide Crowdsourced Flight Data & Earn Crypto Rewards
Today, peaq, the blockchain for real-world applications, welcomes Wingbits to its expanding ecosystem. Wingbits introduces a decentralized physical infrastructure network (DePIN) that leverages a crowd-sourced fleet of flight-tracker antennas, reshaping the landscape of aerial tracking. This collaboration sees Wingbits utilizing peaq as its layer-1 backbone, injecting decentralized rewards mechanisms into the core of its global network.
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Traditionally, radar systems dominated aerial traffic tracking, but the emergence of Automatic Dependent Surveillance-Broadcast (ADS-B) data offers a modern alternative. Wingbits incentivizes individuals to set up ADS-B antennas globally, forming a robust DePIN with over 230 antennas across six continents.
This network powers a live sky map and serves various purposes, from improving airport operations to enhancing aviation insurance and supporting aviation apps and services.
By integrating with peaq, Wingbits not only decentralizes its DePIN’s foundational mechanisms but also utilizes peaq IDs for antenna identity verification. Additionally, the platform employs peaq to enable shared ownership of specific map hexes, represented as NFTs, encouraging active participation from holders.
The decentralized reward distribution, facilitated by peaq’s reward pallet, ensures fair compensation for contributors based on their data contributions to the DePIN.
“peaq’s DePIN-specific functions make it a perfect home for token-incentivized networks. We are excited to be joining this bustling ecosystem as we foster a network providing crucial data for passenger and cargo flight services.”
Alex Lungu, Co-founder & CTO at Wingbits
Till Wendler, Co-founder of peaq, notes, “Wingbits takes Web3 and DePIN to the sky. Its app will enable a new generation of flight-oriented apps, services, and platforms leveraging community-sourced flight data. It’s an innovative and forward-thinking project that brings a lot of value to the ecosystem.”
As Wingbits and peaq soar together, they pioneer a new era in aviation innovation, uniting the realms of Web3 and flight tracking for a more decentralized and community-driven approach to aerial data collection.
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About peaq
peaq is the go-to blockchain for real-world applications. The peaq layer-1 blockchain enables anyone to build decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePINs) for car-sharing, street-mapping, Web access, and more, creating real-world value as part of the Economy of Things. peaq works with industry-leading consortia such as Gaia-x moveID, a €20+ million project led by Bosch, to co-create the future of smart mobility, energy, connectivity, and other important real-world industries.
By empowering everyone to own, govern, and earn from the devices and infrastructure they use, peaq is democratizing abundance in the age of AI-driven automation. For more information, visit peaq, follow peaq on Twitter for updates, and join the conversation on Discord.
About Wingbits
Wingbits is at the forefront of aviation innovation, where the realms of Web3 and flight tracking converge. The platform is anchored in a decentralized, crowdsourced antenna network, energized by a diverse community of aviation enthusiasts, crypto advocates, and industry professionals. It diligently captures ADS-B signals, offering precise and real-time aircraft tracking on a global scale.
At the heart of Wingbits is a pioneering incentive model: community contributors are rewarded with tokens for their valuable data, nurturing a dynamic ecosystem rich in real-time, top-tier flight information. These tokens not only represent appreciation for each member’s input but also play a critical role in the revenue-sharing model. Profits generated from this data are reinvested into the Wingbits ecosystem, ensuring enduring growth and sustainability for Wingbits and its dedicated community.
