Uplink Launches on Avalanche

The decentralized physical infrastructure network (DePIN) platform Uplink has launched on the Layer 1 blockchain Avalanche.

The launch of Uplink, a decentralized physical infrastructure network (DePIN) platform, on Avalanche marks the first DePIN project on the Layer 1 blockchain, according to a release shared with The Block.

Uplink aims to decentralize internet connectivity by incentivizing users to share existing networks and deploy new infrastructure in underserved areas. By leveraging Avalanche’s high-speed transaction capabilities, Uplink seeks to drive decentralized connectivity while advancing its ecosystem through community engagement, token-based incentives, and innovative application features.

Following this launch on Avalanche, Uplink CEO Carlos Lei said that the firm will aim to deliver important milestones in the new year, such as launching the Uplink App to validate router locations and to let users share authentic internet connectivity.

"The app will also introduce groundbreaking features that we’re keeping under wraps for now but promise to redefine how users engage with and benefit from decentralized connectivity," Lei told The Block. "In parallel, we’ll roll out our Layer 1 testnet on Avalanche, designed to facilitate key community actions related to providing and utilizing connectivity. This initiative will also pave the way for the launch of our on-platform token, enabling global data consumption and transactions across the Uplink ecosystem."

The venture capital fund Blizzard, which finances projects building on the Avalanche blockchain, has invested an undisclosed amount in Uplink, a company representative told The Block. Uplink also raised $10 million in funding led by Framework Ventures earlier this year.

Avalanche's native token, AVAX, is the twelfth largest cryptocurrency by its market capitalization of $19.4 billion, according to The Block's AVAX Price Page.