Research summary


Peaq enables entrepreneurs and developers to build decentralized applications (dApps) for vehicles, robots, and devices, while empowering users to govern and earn as connected machines provide goods and services.

Project summary

Peaq network is a Polkadot Parachain and a Layer 1 Blockchain supporting Ethereum Virtual Machine (EVM) smart contracts. The Peaq network enables machines to provide and render services and become fully self-sufficient by leveraging peer-to-peer (p2p) technologies such as Machine NFTs (Non-Fungible Tokens), Decentralized Finance (DeFi), Self-Sovereign Identity (SSI) and novel economic mechanisms to align the incentives of all Economy of Things stakeholders, namely; machines, machine owners, manufacturers, individuals/users, organizations and investors, while incentivising the deployment of more machines to the network.

Peaq’s novel DeFi mechanisms are built to finance new machines, maximize their profitability, enable shared ownership (via Machine NFTs) and make them self-sufficient. Peaq bridges machines manufactured by enterprises which reside on the Internet of Things to the Economy of Things by providing them with decentralized identity (SSI), access and payment capabilities.



The Peaq team has +37 Web3 experts, in addition to the support of numerous recognized consultants from relevant industries.

  • Max Thake
    Co-Founder. Co-Founder & CMA at EoT Labs. Sigma Squared Society
  • Leonard Dorloechter
    Co-founder. Web3 executive at Sigma Squared Society. EWOR advisor
  • Till Wendler
    Co-Founder. Co-Founder & CEO at EoT Labs. Head of Operations at Advanced Blockchain AG.

Investors & partners

Investors: Fundamental Labs, HashKey Capital, GSR, Delta-v Capital, Mulana Capital, Cypher Capital, GravityX Capital, Waterdrip Capital, Ceras Ventures, Master Ventures, Moonrock Capital

Partners: Audi, Gaia-x




Economy of Things: Operations

  • Transaction fees
  • Deployment of smart contracts
  • Network governance
  • Use of Web3 bridges
  • Rewards from the peaq network collators

Machine DeFi

  • Liquidity for the peaq ecosystem
  • Rewards to investors, dApps, collators and machines
  • Liquidity Mining

Minting of Machine NFTs

  • Creation of new machine identities
  • Subsidization for new devices/machines  options available, based on user demand

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