MetaStreet Leverages the Earliest Onchain DePIN Finance Pool to Boost NodeFi Coverage

MetaStreet, Beam and Tactical Compute ($TACOM), an Aethir-based unique AI-focused investment asset, have entered into the first on-chain financing agreement for DePIN assets. With this deal, MetaStreet addresses the long-standing challenge faced by members of the DePIN network, who often rely on expensive open investments to support their operations.

As part of this deal, $TACOM’s $3.3 million mobile chip deal, which is leased through Aethir onchain, underwent tokenization. This would serve as collateral for Meta’s Arbitrum-based DePIN funding pool. Metaversal has reportedly provided debt capital of $415,000, demonstrating how capital markets can unlock liquidity to support the growth of the DePIN infrastructure.

MetaStreet, Tactical Compute and BEAM to increase the accessibility of onchain liquidity

The platform mentioned that by striking a deal with Tactical Compute and BEAM, it is facilitating participants in the DePIN network. Therefore, MetaStreet solves the legacy challenge faced by DePIN ecosystem participants, who largely rely on expensive upfront investments to support their operations. For this purpose, hardware owners can achieve on-chain liquidity.

The move comes on the back of $TACOM’s $40 million fundraising. It aims to fund crucial technologies that combine the use of crypto and AI. MetaStreet brings its expertise in onchain lending to conventionally difficult-to-finance assets. Furthermore, Arbitrum’s L2 blockchain guarantees scalability and a resilient DeFi ecosystem.

TACOM’s $3.3M Mobile Chip Deal Includes NFT Tokenization via Permian Labs

TACOM tokenizes hardware that is often inefficient, inflexible, or completely accessible to the DePIN-based hardware providers. With the tokenization of these assets and their integration into on-chain capital markets, MetaStreet provides liquidity to TACOMM. In addition, it also unlocks the latest return opportunities for Metaversal and institutional lenders. $TACOM’s $3.3 million mobile chip deal sees tokenization via Permian Labs (the MetaStreet developer) as non-fungible tokens on Arbitrum’s L2 blockchain.

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The respective NFTs indicate legal ownership with their uses, including DeFi applications. MetaStreet’s effective credit pools pledge the tokenized assets as collateral. This allows borrowers to reach lenders and can create liquidity to generate returns. The first loan (nearly $415,000) provided by Metaversal underlines the contribution of its advanced credit structures to increasing the accessibility of DeFi liquidity for assets that are traditionally difficult to finance.

Credit : cryptonews.net