peaq Launches World’s First Tokenized Robo-Farm in Hong Kong

The blockchain-powered vertical farm integrates AI and robotics, offering up to 20% APY for NFT-based revenue stream holders.

NFT

165d ago

Summary

peaq has unveiled the world’s first tokenized robo-farm in Hong Kong, developed with DualMint and KanayaAI, during Korean Blockchain Week. The semi-autonomous vertical farm uses hydroponics, robotics, and AI to automate 80% of tasks, including planting and harvesting, enabling around 12 crop cycles per year with reduced resource use. Ownership of revenue streams will be represented by NFTs on peaq’s blockchain, potentially offering up to 20% APY. The initiative aims to improve efficiency and sustainability in urban farming while decoupling yields from crypto market volatility.

Terms & Concepts

Tokenization: The process of converting rights to an asset into a digital token on a blockchain, enabling fractional ownership and on-chain transactions.
Non-Fungible Token (NFT): A unique digital asset stored on a blockchain, representing ownership of a specific item, asset, or revenue stream.
Vertical Farming: An agricultural method of growing crops in stacked layers, often using hydroponics, to save space and resources.