As a seasoned analyst with over two decades of experience in the tech industry, I find Uplink’s milestone of 40,000 routers worldwide to be a promising step towards decentralized internet infrastructure. Having witnessed the evolution of various technologies and business models, I can confidently say that this is more than just a buzzword – it’s a paradigm shift in how we perceive and utilize connectivity.
Reaching the landmark of 40,000 connected routers suggests that Uplink’s decentralized wireless network is poised for further expansion and development.
Uplink, a versatile decentralized network solution, aspires to build economical communication systems that encompass WiFi, 5G, and various cellular technologies globally.
Emphasizing the rising need for distributed internet frameworks, Uplink recently announced that they have reached a significant achievement of 40,000 routers deployed globally, as reported in an exclusive update from CryptoMoon.
According to Uplink CEO Carlos Lei, this accomplishment underscores the increasing need for affordable internet options. In essence, by merging existing and novel wireless infrastructures into our connectivity network, we’re proving that widespread acceptance is already underway. Furthermore, he mentioned.
“This achievement validates the scalability of decentralized connectivity and its potential to reshape how wireless networks operate globally.”
Uplink forms a significant aspect of a broader technological evolution called Decentralized Physical Infrastructure Network (DePIN). Unlike traditional internet service providers, Uplink empowers its users to proactively participate in this network, earning passive income which can help cover their own internet expenses.
Uplink aims to cut internet costs by over 50%
Uplink’s main goal is to lower internet service expenses for consumers by more than half. With increased usage, it could potentially bring down costs by as much as 90%, according to Lei. “A major hurdle in global internet access is the ongoing digital divide – many areas find it difficult to maintain affordable and reliable connectivity due to issues like inflation, corruption, and high infrastructure expenses,” Lei explained to CryptoMoon. He further stated:
“Uplink’s decentralized model directly addresses this by allowing individuals to either use their existing devices or deploy new ones, earning for their contributions to the network.”
To ensure that lower costs are passed on to the final users, Uplink intends to substantially decrease both capital investment and operational expenses for internet service providers.
Global entities, such as Elon Musk’s Starlink, a venture of the billionaire, are providing affordable internet access worldwide. In less than a decade since its launch, Starlink has managed to provide coverage to over 100 countries, with more than 6,400 satellites in operation.
DePIN industry flashes $3.5 trillion opportunity by 2028
The DePIN sector is experiencing rapid expansion, projected to reach a staggering market value exceeding 2.2 trillion dollars.
According to a report released in January 2023 by Messari, the Digital Privacy and Information Management (DePIN) sector is projected to surpass $3.5 trillion by the year 2028, marking an estimated growth of more than $1.3 trillion from its current value.
Lei shared that Uplink intends to seize a minimum of 5% of the expanding Decentralized Private Network (DePIN) market through their innovative decentralized connectivity solution.
He stated that this idea isn’t limited to academic discussion. Instead, it’s a tangible, expandable approach capable of revolutionizing global web connectivity. If equipped with the necessary infrastructure and local backing, we are confident that this dream can become a reality.
As a forward-thinking crypto investor, I’m excited about Uplink’s vision for the next decade. They aim to connect and support more than 300 Internet of Things devices, potentially reducing telecom companies’ annual costs by approximately 10%. This is achieved by shifting internet traffic away from their current infrastructure, which could lead to significant savings in the long run.
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2024-10-30 13:13