Decentralized physical infrastructure is one of the most exciting new areas in crypto. And now, Samsung is getting in on it.
What’s happening:
- Samsung Next, the venture capital arm of Samsung Electronics, has announced a strategic investment into decentralized physical infrastructure startup Roam
The big idea:
- Roam provides crowd sourced internet connectivity by rewarding users for installing routers globally
- Roam’s connectivity network is focused on anonymity and protecting user identity, while enabling seamless access to WiFi anywhere their routers are installed
- Users who install or host routers to expand WiFi connectivity into new locations earn tokens through Roam’s app
By the numbers:
- Roam is being used in 126 countries globally
- Roam currently has more than 163,000 WiFi spots globally
- More than 70,000 individuals currently use Roam’s app
Going deeper:
- Decentralized physical infrastructure mobile network Helium has also been on the rise after announcing a partnership with T-Mobile to bring unlimited nationwide plans to Helium users in the United States
