To mark a groundbreaking collaboration, peaq recently hosted an engaging AMA session with MapMetrics, offering a deep dive into this exciting partnership. This blog post recaps the highlights, unveiling how MapMetrics is set to integrate the Layer 1 benefits offered by peaq.
Join us as we explore the key takeaways from the AMA, revealing the potential of this union in enhancing navigation experiences through blockchain innovation. Discover how MapMetrics will harness peaq’s advanced technology to chart new paths in the world of crypto navigation.
Introduction to MapMetrics
MapMetrics is a crypto navigation app that rewards users for sharing and contributing to road and map metadata. Our mission is straightforward: to build the world’s first decentralized web3 map. This map will be constantly updated by users, ensuring that the information is always current.
One of the standout features of MapMetrics is its integration of Web3 data collection principles. This approach guarantees user anonymity during navigation, while also making valuable contributions to the map’s data. The unique aspect of our token system is how it rewards users: contributors earn tokens for their data, and these tokens are then bought back by MapMetrics using funds generated from our business model. This creates a sustainable ecosystem where user contributions are directly valued and supported by the app’s success, ensuring that the map remains a constantly evolving and accurate resource for everyone.
Join us in this new chapter of map-building with MapMetrics, where each contribution not only guides your way but also shapes the mapping experience for the global community.
Where Did the Name Come From?
The name “MapMetrics” for our crypto navigation app is derived from the combination of two key elements: “map” and “metrics.”
- Map: This part of the name reflects the app’s primary function as a navigation tool. It suggests that the app provides geographical guidance and spatial information, similar to traditional maps.
- Metrics: This term is typically associated with data, measurements, and analytics. In the context of MapMetrics, it implies that the app is driven by data or measurements. However, unlike conventional navigation systems that rely on data collected and maintained by companies, MapMetrics prioritizes community-driven data collection and updates.
The integration of these two concepts into the name “MapMetrics” represents the app’s unique approach: a community-driven navigation tool where users contribute to and benefit from the data and metrics. This model not only promotes up-to-date and accurate information but also incentivizes users through rewards, in the form of cryptocurrency, for their contributions to the app’s data pool.
How does MapMetrics Impact Ordinary Individuals and How Will They Benefit?
MapMetrics is taking a giant leap forward with its latest update, aiming to enhance the navigation experience for all users, crypto enthusiasts and non-crypto users alike. This update marks a significant milestone in making real-time, accurate, and user-generated data more accessible and beneficial for everyone.
Community-Driven Data: A Game Changer for All Users: The cornerstone of this update is the emphasis on community-driven data collection. Every user’s contribution, whether it’s reporting on real-time traffic conditions, updating road statuses, or adding new metadata to the map, plays a crucial role. These collective efforts ensure that every user, irrespective of their interest in cryptocurrency, gains from the most current and comprehensive navigation information available.
Rewards for Active Contributors: While all users benefit from the enriched data, those who actively participate in updating and maintaining the map’s accuracy receive additional rewards. This incentive system not only encourages more users to contribute but also ensures that the data on MapMetrics remains up-to-date and reliable.
Offline Maps for Uninterrupted Navigation: Understanding the importance of uninterrupted access to navigation, MapMetrics introduces offline maps with this update. This feature is a game-changer, especially in areas with poor internet connectivity or for those who wish to conserve data usage. Now, you can confidently navigate without worrying about internet availability.
Eco-Friendly Approach with Peer-to-Peer Sharing: MapMetrics isn’t just about better navigation; it’s also about sustainability. The update introduces a peer-to-peer sharing system, reducing the app’s reliance on extensive server infrastructure. This eco-friendly approach not only enhances the app’s efficiency but also aligns with the growing global commitment to environmental responsibility.
What Kind of Transformative Impact is MapMetrics Currently Having and What Do You Foresee for the Future?
We’re currently in an exciting phase of transformation at MapMetrics, one that is poised to significantly impact how users interact with our app and navigate their world. Our primary focus is on making MapMetrics more accessible and appealing to a broader audience, including those who are not yet familiar with cryptocurrencies.
Bridging Web2 and Crypto Worlds for Mass Adoption: Our ongoing development involves a major overhaul of the app to make it more Web2 friendly. This strategic shift is designed to pave the way for mass adoption, seamlessly introducing traditional app users to the innovative world of crypto. Users will still earn rewards for their contributions, but the process of withdrawing these rewards will be streamlined: they can easily withdraw their earnings as soon as they set up a cryptocurrency wallet. This approach is our way of building a bridge between non-crypto and crypto users, fostering an inclusive environment.
Enhancements and Innovations: Alongside these changes, we are diligently working to eliminate bugs, ensuring a smoother, more reliable user experience. Another key improvement is the enhancement of our ‘saved places’ feature. We’re making these saved locations transferable from Google Maps, adding convenience and familiarity for new users.
Additionally, we’re enriching the metadata for stores and locations on our maps. Users will soon find detailed information such as opening hours, social media links, and even specific details like the floor number of a particular store. This depth of information makes MapMetrics not just a navigation tool, but a comprehensive guide to exploring areas.
Exciting Future Developments: Looking towards the future, we are excited to introduce an advanced earning program. This program is still under wraps, but it promises to add another layer of engagement and reward for our users. We believe these updates and new features will not only transform the user experience but also set a new standard in the navigation app market.
Can Projects on the Peaq Network Like MapMetrics Benefit from Shared Data Amongst DePINs?
Our partnership with 2blox which is already on peaq, is a strategic move to refine our traffic measurement capabilities. 2blox has mastered the art of measuring live foot-traffic, and by integrating this data into MapMetrics, we aim to significantly improve our traffic analytics. This collaboration will allow our users to access more precise and dynamic traffic information, enhancing route planning and overall navigation within our app. It’s a step towards more responsive and user-focused navigation solutions.
Building the World’s First Web3 Decentralized Map API: In another exciting development, MapMetrics is at the forefront of creating the world’s first web3 decentralized map API. But what exactly is a map API? Simply put, it’s a framework that allows developers to integrate and interact with map functionalities within their applications. Our web3 API takes this a step further by decentralizing the data, ensuring greater security, reliability, and user control.
The potential applications of this innovative map API are vast and varied. For instance, taxi apps can use it to optimize route planning and provide real-time location tracking for both drivers and passengers. Food delivery services can leverage the API to enhance delivery efficiency, enabling them to track their delivery personnel in real-time and plan the quickest routes, ensuring food arrives hot and fresh. Shared vehicle services, such as bike or scooter sharing apps, can utilize the API to manage their fleets more effectively, providing users with up-to-date information on vehicle availability and locations.
Becoming the Backbone for DePIN Projects: The Essential Role of MapMetrics in Next-Gen Hardware Mapping: MapMetrics is gearing up to transform the way DePIN projects manage their hardware devices. Our cutting-edge map API is more than just a tool – it’s a crucial element for the success of various industries relying on precise hardware location tracking and management.
Simplifying Hardware Location in a Decentralized Way: At the core of our mission, we understand the importance of accurate location data for a wide range of hardware devices involved in DePIN projects. That’s where our decentralized map API comes into play. It’s designed to offer accurate, real-time tracking and management solutions in a decentralized manner, ensuring security and reliability.
Beyond a Service: Integrating with DePIN Projects: Our role in supporting DePIN projects is integral. We’re not just providing a service; we’re embedding our technology into the operational framework of these projects. This integration is vital for unleashing new potential and fostering innovation across sectors.
Commitment to Driving Forward Innovation MapMetrics is committed to being at the forefront of the mapping technology revolution. We’re constantly refining our solutions to be the backbone of DePIN projects, propelling them towards a new era of efficiency and effectiveness. Our journey is marked by our dedication to innovation and reliability, ready to adapt to the evolving needs of DePIN projects and beyond.
What’s Next for the #DePIN Sector?
The DePIN sector stands at the brink of transformative change. This shift primarily revolves around the integration of physical infrastructure with digital capabilities, significantly impacting user experiences and developer engagement.
Redefining Physical Infrastructure, The Case of Car Charging Points: Consider the current state of car charging points – a fragmented landscape dominated by multiple companies, each operating in isolation. This results in a disjointed user experience, where customers must juggle multiple accounts without any interconnectivity. Similarly, developers face challenges due to the lack of collaboration and varied infrastructures across companies.
Reflect on the time before the app store era, when the digital landscape was quite fragmented. Developers faced the daunting task of creating separate apps for a multitude of phone models, rather than focusing on a single, unified platform. This scattered approach often led to hesitancy in dedicating significant time and resources, as the rapid evolution of phone technology meant constantly adapting to different devices. This scenario mirrors the current state of hardware data collection, which DePIN aims to unify, much like the app store did for mobile applications.
Empowering Users, Easy Entry into Crypto: On the user front, DePIN is set to facilitate massive growth in crypto accessibility. For the first time, individuals can earn cryptocurrency not through investment or exchanges, but as a trade-off for their data. This low barrier to entry into the world of crypto is groundbreaking. It opens up opportunities for a broader audience, paving the way for widespread adoption and engagement with cryptocurrencies.
If Someone Wants to Get Involved with MapMetrics, How Do They Get Started?
Getting started with MapMetrics is straightforward and user-friendly. Here’s how you can begin:
- Visit Our Website: Your first step is to go to the MapMetrics website.
- Install the App: Once on the website, you’ll find a link to download and install the MapMetrics app on your device.
- Link Your Wallet: After installing the app, the next step is to link your Solana wallet. This is important for receiving rewards.
- Start Navigating and Earning: With the app installed and your wallet linked, you can begin navigating. As you use the app, you’ll earn a small amount of MMAP tokens for free.
- Option to Increase Earnings: If you choose to increase your earnings, you can encrypt your data. For this, you need to purchase the SPT (Special Position Trackers) from our Techtics engineering website. The link to this website can also be found on the MapMetrics website.
By following these simple steps, you can seamlessly integrate into the MapMetrics ecosystem and start benefiting from its innovative navigation experience.
Q1: Google has millions of Android phones which they track location on and are able to provide real-time traffic information. How will MapMetrics ever be able to provide this level of real-time traffic data and be a viable alternative to Google maps?
A1: We’ve secured a grant from Microsoft and are in discussions with them to access live traffic information, similar to what Bing provides. This strategic move positions us as a serious competitor to Google Maps in the future, especially after our next major update.
Q2: What pain points does MapMetrics feel like peaq solves?
A2: peaq addresses the issue of Machine ID. With it, we can sign the data we receive, effectively eliminating bot traffic more efficiently. This data tagging enhances our ability to filter information, ultimately improving the overall user experience.
Q3: What are your goals for users and KPIs?
A3: We’re introducing a gamified feature that allows users to level up by driving more and vote on real-time traffic conditions. This not only enhances the user experience but also adds value to our data.
Q4: What data protection-related tasks would MapMetrics undertake? How will user data be protected?
A4: The data we collect doesn’t have any personal info. This means that for us, you’re just a number, and we would not be able to capitalize on any personal information.
Q5: What attracted MapMetrics to the business idea of building the world’s first Web3 map API?
A5: We have seen how inefficient the current centralized map data collection is, and we see a massive benefit from decentralizing and crowdsourcing this metadata. On top of that, this business is massive. Uber pays Google up to 58 million for 3 years of map usage, and that’s only Uber. Think about food delivery, shared vehicles, self-driving vehicles, delivery services, and literally everything that needs a map. We will be more accurate than our centralized competitors because we are crowdsourcing our maps, keeping them up to date 24/7.