Putting EVs on Chain: Polygon & Pyse Turn Dubai Bikes into Data Miners
- Polygon and Pyse tokenize EV fleets in Dubai, targeting real-time data monetization.
- Pyse’s DePIN devices reward high-quality urban data, aiding insurers and logistics firms.
- India is next for expansion, with blockchain to solve EV funding gaps and logistics.
Polygon Labs and sustainable infrastructure startup Pyse have launched a compelling blockchain-based electric vehicle (EV) initiative in Dubai, with potential India expansion planned.
The project tokenizes an entire e-motorcycle fleet, anchoring ownership records and valuable real-time data collection onto Polygon’s Ethereum Layer-2 network.
A new era of RWAs is here, and it starts with EV bikes. Here's why it matters
— Pyse (@PyseEarth) April 23, 2025
<1/12> pic.twitter.com/dJ5MVVReGE
How Tokenized EVs Collect and Monetize Data
Each Dubai vehicle uses Pyse’s proprietary DePIN Mining Machine (DMM) to collect a range of valuable urban environmental and infrastructure data (like air quality, noise levels, and road surface conditions), feeding this information directly to the blockchain. This collected data is then effectively monetized using token-based reward systems governed by vario…
The post Putting EVs on Chain: Polygon & Pyse Turn Dubai Bikes into Data Miners appeared first on Coin Edition.
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Putting EVs on Chain: Polygon & Pyse Turn Dubai Bikes into Data Miners
- Polygon and Pyse tokenize EV fleets in Dubai, targeting real-time data monetization.
- Pyse’s DePIN devices reward high-quality urban data, aiding insurers and logistics firms.
- India is next for expansion, with blockchain to solve EV funding gaps and logistics.
Polygon Labs and sustainable infrastructure startup Pyse have launched a compelling blockchain-based electric vehicle (EV) initiative in Dubai, with potential India expansion planned.
The project tokenizes an entire e-motorcycle fleet, anchoring ownership records and valuable real-time data collection onto Polygon’s Ethereum Layer-2 network.
A new era of RWAs is here, and it starts with EV bikes. Here's why it matters
— Pyse (@PyseEarth) April 23, 2025
<1/12> pic.twitter.com/dJ5MVVReGE
How Tokenized EVs Collect and Monetize Data
Each Dubai vehicle uses Pyse’s proprietary DePIN Mining Machine (DMM) to collect a range of valuable urban environmental and infrastructure data (like air quality, noise levels, and road surface conditions), feeding this information directly to the blockchain. This collected data is then effectively monetized using token-based reward systems governed by vario…
The post Putting EVs on Chain: Polygon & Pyse Turn Dubai Bikes into Data Miners appeared first on Coin Edition.
Read More