MetaStreet, Beam, and Tactical Compute ($TACOM) have recently made history by securing the first on-chain financing agreement for DePIN assets. This unique AI-focused investment opportunity on the Aethir platform aims to address the challenges faced by DePIN network members who often struggle with expensive open investments to support their operations.
In this groundbreaking deal, $TACOM’s mobile chip agreement worth $3.3 million was tokenized on the Aethir platform and used as collateral in MetaStreet’s Arbitrum-based DePIN Financing Pool. Metaversal stepped in to provide a debt capital of $415,000, showcasing how capital markets can unlock liquidity to fuel the growth of DePIN infrastructure.
By partnering with Tactical Compute and BEAM, MetaStreet is paving the way for increased accessibility to on-chain liquidity for participants in the DePIN network. This strategic collaboration aims to alleviate the burden of upfront investments for DePIN ecosystem members, allowing hardware owners to tap into on-chain liquidity.
Building on the success of $TACOM’s $40 million fundraise, this partnership focuses on financing cutting-edge technologies that leverage the power of crypto and AI. MetaStreet’s expertise in on-chain lending for traditionally hard-to-finance assets, combined with Arbitrum’s L2 blockchain for scalability and a robust DeFi ecosystem, sets the stage for a new era of financial innovation.
The tokenization of $TACOM’s hardware assets through Permian Labs, a developer within the MetaStreet ecosystem, opens up new opportunities for liquidity and yield generation. By tokenizing these assets and integrating them into on-chain capital markets, MetaStreet enables TACOM to access liquidity while offering attractive yield opportunities for institutional lenders like Metaversal.
The NFT tokenization of the $3.3 million mobile chip deal on Arbitrum’s L2 blockchain signifies a major milestone in the convergence of traditional assets with decentralized finance. These NFTs represent legal ownership of the assets and can be utilized in various DeFi applications. MetaStreet’s innovative lending pools leverage these tokenized assets as collateral, providing borrowers with access to lenders and liquidity to generate yield.
Overall, this collaboration between MetaStreet, Tactical Compute, and BEAM exemplifies the transformative potential of decentralized finance in unlocking liquidity for assets that were previously challenging to finance. The contribution of cutting-edge lending structures like those offered by MetaStreet underscores the importance of expanding accessibility to DeFi liquidity for a wider range of assets.