At this time marks a pivotal second for the decentralized bodily infrastructure community (DePin) mission – NATIX Community. It’s because its token, NATIX, is now accessible on centralized exchanges.
Noteworthy platforms, akin to KuCoin, MEXC, and Gate.io, listed the token. Nevertheless, main crypto exchanges like Binance, Coinbase, and Kraken have but to announce plans to incorporate NATIX.
What Challenges NATIX May Face?
NATIX Community builds a mapping answer by encouraging customers to gather and share environmental information. This crowdsourced data fuels the NATIX map, which is important for smart-city and mobility purposes.
The flagship product, Drive&, combines dashcam and navigation applied sciences with smartphone cameras. It collects real-time information utilizing pc imaginative and prescient AI, thereby enhancing driver experiences and concrete navigation.
Learn extra: What Is DePIN (Decentralized Bodily Infrastructure Networks)?
Crypto researcher Aylo stories that inside a single 12 months, NATIX Community has amassed over 130,000 registered units. It has mapped 50 million kilometers of roads throughout 171 international locations.
Alireza Ghods, in an interview, defined the performance of the Drive& app.
“Customers place their cellphone on the automotive dashboard, and the AI detects site visitors, potholes, and parking spots in real-time. This information is collected, and customers earn rewards for contributing,” Ghods defined.
Moreover, NATIX Community has partnered with Solana Cell, rewarding early adopters of the Solana Saga Genesis and Chapter 2 smartphones with tokens. This collaboration highlights the strategic synergy between mobile-based options, emphasizing accessibility and comfort.
Moreover, following a profitable beta part, the Drive& app has launched on Saga’s dApp retailer, solidifying its market presence.
Regardless of these developments, NATIX faces important competitors from established giants like Google Maps and from DePin initiatives like Hivemapper. A latest BeInCrypto report revealed that Hivemapper’s map database grows 4 to 5 instances sooner than Google’s, leveraging blockchain know-how to reinforce the DePin ecosystem.
Nevertheless, Ghods highlighted NATIX’s distinctive benefits over opponents. He emphasised the comfort of utilizing present smartphones over shopping for new {hardware}, which regularly faces provide chain delays.
“In our mission, there is no such thing as a want to purchase {hardware}. Customers can simply use their smartphones, which makes it far more scalable. For those who purchase a Hivemapper dashcam, it’s essential wait a very long time as a result of provide chain points. For example, should you purchased it in January or February, you might need needed to wait till August. I’m unsure concerning the present wait instances, however there’s this complete provide chain subject to unravel,” Ghods said.
In keeping with a Franklin Templeton report, whereas Hivemapper has efficiently expanded its variety of contributors, it has struggled to develop client demand. This subject serves as a warning for NATIX, which may face related challenges.
Learn extra: 10 Greatest Crypto Change Evaluations for July 2024
12 months-to-date, Hivemapper’s HONEY token has fallen by about 85%, a destiny that might probably await NATIX except it devises efficient methods to reinforce demand for its app and token. The truth is, since its itemizing, the worth of NATIX declined by 45% on KuCoin.
NATIX Community (NATIX) Value Efficiency. Supply: TradingView
As NATIX makes its debut on centralized exchanges, its success will hinge not solely on its means to innovate but in addition on its capability to have interaction and retain consumer curiosity in a market that’s changing into more and more aggressive.
