source avatarBIG🫟NAV

Share

one thing worth paying attention to when evaluating a data network is whether real economic activity is already taking place around it. according to its public records, @vangrid_io has recorded over $720k in settlements. what makes this particularly interesting is the activity behind those numbers. contributors use ordinary smartphones to capture real-world environments, while organisations fund specific data requests through bounties. once a submission is reviewed and accepted, the contributor receives payment in usdc. this creates an actual transaction between the demand for spatial data and the people collecting it. vangrid is still relatively early in its journey, having only been live for a few months, so seeing this level of reported settlement activity raises an interesting question about how demand could develop as the network expands. the bigger story isn’t simply that people are recording places with their phones. it’s that real-world observations are becoming something organisations can commission, verify and pay for.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.