peaq network layer-1 blockchain

Peaq is a specialized layer-1 blockchain designed for Decentralized Physical Infrastructure Networks (DePIN) and Machine RWAs (Real World Assets). It was developed to serve as the backbone for the 'Economy of Machines,' allowing developers to build applications for vehicles, robots, and devices to interact and transact securely.

The project originated in Germany through EoT Labs, focusing on the Polkadot ecosystem before expanding its reach. As a decentralized network, its infrastructure is maintained by a global distribution of node providers rather than a single manufacturing facility. It utilizes a multi-chain architecture supporting both Ethereum Virtual Machine (EVM) and Substrate-based environments, positioning itself as a leader in the industrial blockchain space.