MetaStreet, BEAM, and Tactical Compute ($TACOM) have made history by completing the first on-chain financing agreement for DePIN assets using Aethir-based unique AI-focused investment means. This deal aims to address the challenge faced by DePIN network members who rely on costly open investments to support their operations. In this agreement, $TACOM’s mobile chip agreement worth $3.3M was tokenized and used as collateral in MetaStreet’s Arbitrum-based DePIN Financing Pool, with Metaversal providing a debt capital of $415K. This demonstrates how capital markets can unlock liquidity to support the growth of DePIN infrastructure.
By partnering with Tactical Compute and BEAM, MetaStreet is working to increase accessibility to on-chain liquidity for participants in the DePIN network. This partnership aims to solve the longstanding issue of DePIN ecosystem participants depending on expensive upfront investments to sustain their operations. This collaboration enables hardware owners to access on-chain liquidity and supports the $40M fundraise of $TACOM, which aims to finance technologies that combine crypto and AI. MetaStreet’s expertise in on-chain lending and Arbitrum’s L2 blockchain technology ensure scalability and a resilient DeFi ecosystem.
TACOM’s $3.3M mobile chip deal, which includes NFT tokenization via Permian Labs, allows hardware providers in the DePIN ecosystem to tokenize assets that were previously inefficient or inaccessible. These tokenized assets are integrated into on-chain capital markets, providing liquidity to TACOMM and offering new yield opportunities for Metaversal and institutional lenders. The NFTs representing legal ownership on Arbitrum’s L2 blockchain enable DeFi applications, with MetaStreet’s lending pools using the tokenized assets as collateral for borrowers to access lenders and generate yield. The $415K loan provided by Metaversal showcases how innovative lending structures can increase accessibility to DeFi liquidity for assets that are traditionally difficult to finance.
Overall, MetaStreet, BEAM, and Tactical Compute are pioneering a new approach to on-chain financing for DePIN assets, marking a significant milestone in the DePIN ecosystem. This partnership not only addresses the challenge of expensive open investments for DePIN network members but also unlocks liquidity for the growth of DePIN infrastructure. By leveraging AI-focused investment means and on-chain lending expertise, MetaStreet is at the forefront of enabling accessibility to on-chain liquidity for traditionally hard-to-finance assets. With the support of partners like Tactical Compute and BEAM, MetaStreet is poised to continue driving innovation in decentralized finance and unlocking new possibilities for the DePIN ecosystem.
