30s Summary

Uplink, a decentralized wireless network system, has reached an impressive milestone of 40,000 routers worldwide, demonstrating the popularity and scalability of decentralized internet systems. The network aims to cut internet costs by up to 90% by also reducing costs for internet providers and could help provide internet access where it is hard to fund due to issues like high setup costs and corruption. Uplink is part of the rapidly growing decentralized physical infrastructure network sector (DePIN), which is predicted to reach $3.5 trillion by 2028. The firm hopes to capture at least 5% of this market.

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Uplink has hit an exciting point: 40,000 routers! This hints at big things to come for decentralized wireless networks.

Uplink is a cool system that works on existing and new internet setups. It’s all about creating cheaper networks for WiFi, 5G and other mobile tech across the globe.

People are pretty keen on decentralized internet systems. Uplink’s reaching 40,000 routers across the planet shows that. Uplink CEO Carlos Lei told Cointelegraph, “We’re integrating old and new wireless network stuff into our setup, which shows people are already adopting this on a big scale.” He reckons this proves how scalable decentralized connections are and believes it could revolutionise wireless networks worldwide.

Uplink is part of something called a decentralized physical infrastructure network, otherwise known as DePIN. What’s pretty nifty about this is Uplink users can contribute to the network and receive some passive income. You could use that towards paying off your internet bills.

Uplink is all about slashing your internet costs, by more than half. As more people get on board, costs could potentially drop by up to 90%. Uplink wants internet access to be a global reality by helping regions where good, reliable connections are hard to fund because of things like inflation, corruption, and high setup costs. They want folks to use existing devices or get new ones and get paid for helping out the network.

Lowering costs for internet providers is a big part of the plan too. It means Uplink has to seriously cut the costs of setting up and running internet services.

There are other companies working on affordable worldwide internet access, like Elon Musk’s Starlink. Operating from satellites, Starlink gives coverage to over 100 countries and has been doing so since its launch nine years ago.

DePIN is fast becoming a massive industry, looking to hit over $3.5 trillion by 2028. A huge increase from the current $2.2 trillion.

Uplink has its sights set on grabbing at least 5% of the DePIN industry with its decentralized connectivity solution. Ahead, Uplink hopes to assist over 300 Internet of Things devices and help telecom companies to save over 10% in annual costs by moving internet traffic from their infrastructure.

Source: Cointelegraph