Polygon partners with Pyse to tokenize electric scooters in Dubai and plans to enter the Indian market

PANews reported on April 23 that according to Decrypt, Polygon Labs has partnered with sustainable infrastructure startup Pyse to tokenize electric motorcycles in Dubai, using Polygon blockchain technology to anchor asset ownership and collect data in real time. The partnership aims to combine electric motorcycles with stable returns with dynamic data monetization to lay the foundation for entering India's growing electric vehicle market. Aishwary Gupta, head of Polygon's global payments and liquidity, said that real-world assets are one of Polygon's focuses, and it is hoped that all tokenizable assets will be connected to Polygon. Each electric motorcycle is equipped with Pyse's proprietary DePIN mining machine (DMM), which collects data such as air quality, road wear and noise pollution when performing deliveries and uploads them to the chain, and rewards are distributed through token incentives. This model combines RWA income with DePIN token incentives, allowing contributors to double profit from asset and data output.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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