KARPAK, a new protocol for Decentralized Physical Infrastructure Networks (DePIN), has reached an important point at the junction between digital daily behavior and blockchain technologies. Specifically, the firm announced a collaboration with LETSBURN that seeks to convert human activity in cities into decentralized web3 signals; creating an integrated behavior-based ecosystem through smart parking and other forms of mobility.
Converting Workouts into Verifiable Value
With LETSBURN, users can turn their daily workouts into on-chain income using a Move-to-Earn and fitness data verification system. They connect to their consumer fitness devices such as trackers, mobile health apps, and smartwatches so that all physical milestones are accurately recorded and tracked on an immutable blockchain. This will include an individual step count, kilometer run and overall exertion level.
LETSBURN’s tracking system transforms raw effort into permanent digital records of activity. By using this and existing KARPAK networks for vehicle location and urban parking, activities such as walking from the vehicle to an office or running errands may be recorded in the same Web3 location where vehicles were parked.
This announcement indicates that as everyday activities are becoming valuable to the new economy of Web3, they are also changing the definition of what is a valuable activity. As vehicles are being parked in designated parking areas or per our market strategy to make them less accessible than a typical car, we are also recording what was done each day and how easily that was done.
Bridging DePIN and the “Move-to-Earn” Flywheel
DePIN has made significant strides recently in collecting physical-world data via user contributions, which are incentivized with tokens. The significant amounts of capital previously spent by large corporations to collect data are now being replaced with a model for ecosystem growth that will come from the contributions of users.
The development of these distributed networks will yield assets that can be used as decentralized utilities by converting hardware, environmental data, and local behaviors into distributed networks.
KARPAK and LETSBURN have built an innovative feedback loop that allows them to create a single organized map of cities where both companies will work together to gather data related to cars and parking locations as well as how a person moves in relation to their car.
By creating a new way for people to track both vehicle movement and personal movement, they combined vehicle logistics and health-tracking data. This created a new type of visible dataset made up of multiple layers of information that can empower the average person in everyday activities.
The Growing Wave of Web3 Lifestyle Integrations
This plan corresponds to a larger trend in the decentralized application sphere which is accommodating lifestyle events and the use of network-based rewards to improve user retention.
KARPAK and LETSBURN offer urban mapping and physical activity/fitness tracking, giving them the same opportunity.
Instead of being consumer targets for centralized entities that don’t share profits with them, they become independent operators on the network, and can own, communicate, and profit from the data they generate while going about their daily business.
Conclusion
This partnership is an important step in achieving functional DePIN integrations in real life. By developing a system that has parking and movement coded together, both parties have established a model for how decentralized networks that are not connected can work together to provide a single service. With web3 becoming more embedded in people’s everyday lives, monetizing how people move around towns/cities is moving beyond being an idea into an accepted way for communities to own the infrastructure.
