Spacecoin, a revolutionary Decentralized Physical Infrastructure Network (DePIN) initiative, has unveiled its groundbreaking plan to launch its very first satellite, CTC-0, on December 21.
This satellite is poised to make history as the world’s first decentralized satellite constellation offering global 5G internet coverage.
Spacecoin’s Satellite to Ride on Elon Musk’s SpaceX Falcon 9 Rocket
CTC-0 is set to embark on its journey aboard SpaceX’s Falcon 9 rocket from the Vandenberg Space Force Base as part of the Bandwagon-2 rideshare mission. The primary objective of this mission is to provide reliable internet access to underserved regions, particularly in emerging markets where connectivity remains a challenge.
Spacecoin is leveraging blockchain technology and Low Earth Orbit (LEO) nanosatellites to establish a decentralized network infrastructure. The project has garnered significant attention, boasting over 300,000 followers on X (formerly Twitter).
According to the project’s whitepaper, Spacecoin’s satellite will utilize 5G NTN technology to bypass conventional ground infrastructure such as fiber-optic cables and cellphone towers. This innovative approach is expected to significantly reduce connectivity costs, with projected estimates of just $1–$2 per user per month in targeted regions.
“Satellite-based internet infrastructure has emerged as the most viable solution for achieving universal internet access. It has the capability to reach remote and underserved regions that traditional ground-based infrastructure struggles to cover. At Spacecoin, we are harnessing the power of Low Earth Orbit satellites and blockchain technology to deliver affordable and reliable internet services,” stated Stuart Gardner, the CEO of the project, in an interview with BeInCrypto.
Meanwhile, the DePIN sector has witnessed remarkable progress in 2024. DePIN cryptocurrencies currently boast a market cap of $44.5 billion, as per CoinGecko data.
Recent developments include OpenLedger’s collaboration with Io.net to enhance GPU compute resources for scaling decentralized AI models. Helium’s telecom infrastructure has attracted institutional interest, with a case study endorsed by Harvard Business School.
In addition, Polygon Ventures made a strategic move in Q3 by leading a $20 million investment in Edge Matrix Chain (EMC), a popular DePIN project that integrates computing networks with decentralized AI applications. EMC has been in development for four years.
Furthermore, UAE-based investment firms Hodler and Gewan launched a $500 million fund to support DePIN and AI ventures. The success of Spacecoin’s highly anticipated project will be closely monitored. Analysts predict that DePIN will emerge as a key segment in the blockchain market by 2025, with increased funding and innovation on the horizon.