The Layer-1 Blockchain Peaq and the Pulsar Group launched a dedicated sandbox in the United Arab Emirates aimed at exploring the integration of robotics and AI within a decentralized economy.
Organizations have created a machine that is free economic zone in Dubai, combining regulation, infrastructure and investment to advance decentralized, cases of machine economic use.
The initiative is designed to provide developers, businesses and government stakeholders with a controlled environment to test and develop machine economic applications, including Decentralized physical infrastructure (DEFIN) Networks.
Max Thake, Co-Founder of Peaq, told Cointelegraph that the free zone is a “economic-centric economy in which autonomous robots, machines and devices create value, profit and trade.”
It is intended to attract builders to the depin and Machine economy Industries, which make it more comprehensive than other free economic zones, which tend to be more general, says Thake.
The Free Zone Initiative is carried out in collaboration with the pulsar group, an Abu Dhabi -based firm in tech and digital economy industries.
When asked which depins are building the peaq that can be deployed to the UAE, the Thake has provided many examples of projects working with Emirati Enterprises.
This includes community-powered air-enabled air through wearable devices, hyperlocal weather forecasting, a virtual power plant consisting of community-owned devices that support the grid flexibility, and the use of smartphones to measure local noise pollution.
When the case of using a niche blockchain, the depins get the main attention. The market may be Reach $ 3.5 trillion by 2028Driven by Blockchain technology advances and artificial intelligence, according to the World Economic Forum.
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RWA’s tokenization increases in the UAE
UAE Sandbox allows comprehensive development and testing of Machine tokenization Applications, which are described by the Thake as systems that reward tokenholders with part of the revenue generated by specific machine activities.
“Let’s get an autonomous robo-cafe, for example. The cafe sells coffee, process digital transactions, and this data can be reported to onchain for transparency. TaKenize can mean rewarding tokenholders for each cup sold by the robot.”
Tokenization also supports the universal basic ownership (cough) system of the free zone, which directs the wealth generated by robots and autonomous agents to individuals transferred from those jobs.
“The concept is still in its early stages, but the machine economy of the free zone in the UAE is the perfect testbed,” Thake said.
The UAE has become a major hub for tokenization, with Dubai’s Virtual Asset Regulatory Authority (VARA) updating its outline For bringing real-world assets (RWA) onchain.
As a result, the activity of tokenized property is rapidly grown in areas such as Dubai, where there are real estate transactions based on blockchain reached the billion -billions of dollars.
It arrived as the Dubai Land Department, the Dubai Future Foundation, and the Central Bank of the United Arab Emirates launched the first region Licensed tokenized real estate project.
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