Helium partners with AT&T to bring WiFi to thousands of US locations
The telecommunications decentralized physical infrastructure network (DePIN) project, Helium, partnered with US telcom giant AT&T to bring WiFi to its users.According to an April 24 announcement shared with Cointelegraph...
The telecommunications decentralized physical infrastructure network (DePIN) project, Helium, partnered with US telcom giant AT&T to bring WiFi to its users.
According to an April 24 announcement shared with Cointelegraph, as part of the partnership, AT&T customers can now connect to Helium’s community-built WiFi network. Helium Mobile data shows that the network includes over 93,500 hotspots, most of which are in the United States.
Helium Network nodes map. Source: Helium WorldThe Helium Network is run by individuals and businesses that acquire and operate small cell towers that act as hotspots. Those individuals are rewarded with digital assets for their help in developing the network and providing coverage.
Related: VC Roundup: Investors continue to back DePIN, Web3 gaming, layer-1 RWAs
Helium Mobile (Helium’s mobile network division) co-founder and CEO Amir Haleem said that partnering with an industry leader such as AT&T will “rapidly accelerate the adoption of Helium and provide real-world value” to both network participants and the partner’s customers. He also hinted that “this is only the beginning” and that more announcements are to come.
Centralized and decentralized, now unitedThe integration with AT&T enables WiFi authentication via AT&T’s Passpoint WiFi roaming service that allows customers to automatically connect to WiFi networks when participating networks are available. With this system, decentralized nodes are integrated into a traditional service network.
Helium claims that its decentralized network already has over 800,000 daily users leveraging it for connection. The firm has signed agreements with Telefónica’s Movistar in Mexico and is working with other unspecified mobile network operators that leverage the network to enhance their coverage. The deal follows Helium Mobile’s announcement of a free plan in February, which the company claims is the first free phone plan in the US.
Related: DePIN ecosystem tackles file-sharing challenges, proceeds to offer a new solution
A storied companyIn January, the United States Securities and Exchange Commission (SEC) filed a lawsuit against Helium developer Nova Labs. The lawsuit was filed just days before the previous SEC chair, Gary Gensler, stepped down, and alleged that the company sold unregistered investment products.
Earlier in April, the SEC settled with Nova Labs and dismissed the lawsuit after payment of a $200,000 civil penalty. A company representative said at the time:
“[T]he outcome establishes that selling hardware and distributing tokens for network growth does not automatically make them securities in the eyes of the SEC [and] that the SEC cannot bring these charges against Helium again.”Magazine: Most DePIN projects barely even use blockchain: True or false?
Original source
Read on CointelegraphRelated market context
Canton Network Developer Digital Asset Raises $355 Million Led by a16z Crypto to Bring Wall Street Onchain
Digital Asset, the developer of the Canton Network, raised $355 million in a funding round led by a16z crypto, the company announc...
LG Electronics Tests Onchain Advertising Network On Arbitrum
TL;DR LG Electronics is piloting an onchain advertising network on Arbitrum. The project is designed to make ad performance more v...
Early Airbnb, DoorDash backer Y Combinator says Clarity Act could bring crypto to ‘every’ portfolio company
Also a backer of companies like Coinbase, OpenAI, Stripe, Reddit, OpenAI and Kalshi, Y Combinator wants to see Congress pass the C...
Crypto Laundering Network Linked To Ransomware Gangs Dismantled By Law Enforcement
TL;DR Chainalysis says law enforcement has dismantled AudiA6, a crypto laundering network linked to ransomware and darknet activit...
MetaMask reports connectivity disruption across multiple blockchain networks
The disruption highlights the vulnerability of decentralized finance ecosystems to single points of failure, impacting user trust...
Kraken Enables USDCx Deposits And Withdrawals On Canton Network
TL;DR Kraken has enabled deposits and withdrawals of USDCx on Canton Network. USDCx is backed 1:1 by USDC held in Circle’s xReserv...