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šŸ’„Nova Labs Seals Deal With T-Mobile to Launch First Crypto 5G NetworkšŸ’„
September 20, 2022
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Nova Labs announces a new partnership with U.S. mobile operator T-Mobile to fill up dead zones on the Helium decentralized 5G network launched in Aug. 2022.

This partnership comes as Nova Labs, the company behind the Helium blockchain, is looking to provide users of the world’s first crypto mobile network with greater coverage by leveraging T-Mobile’s 5G footprint in the U.S. Users of the will have access to Helium’s peer-to-peer Helium Mobile network and T-Mobile’s 5G network. Subscribers to this service can earn MOBILE crypto rewards for helping Nova Labs identify dead spots in Helium’s network.

ā€œNova Labs is committed to building out a decentralized network. Our new agreement with T-Mobile gives our subscribers nationwide 5G coverage and enables us to offer mobile products and services that use both networks,ā€Ā notedĀ Nova Labs CEO Amir Haleem.

HNT, Helium’s native token, jumped 20% following the announcement.

Nova Labs, formerly Helium Inc., began providing a decentralized, open-source, peer-to-peer network for Internet-of-Things (IoT) devices in 2019. It offered ā€œhotspots,ā€ a term used to describe plug-and-play devices combining the LoRaWAN protocol and Helium’s own blockchain.Ā LoRaWANĀ is a type of network for IoT devices that sends information over the air to a traditional server through a bridge called a gateway. There are currently over 900,000 hotspots deployed.

The initial rollout

Helium Mobile’s launch is spearheaded byĀ Boris Renski, founder ofĀ FreedomFi, a company recently acquired by Nova Labs.

At press time, the Helium Mobile network already boasts 2500 U.S. 5G hotspots in 889 cities. Helium mobile will offer subscribers monthly plans including one gigabyte of data, five gigabytes of data with unlimited talk time and text messaging, and unlimited texting, voice, and data.

While Nova Labs is offering the service to customers already owning a mobile device, it is also partnering with an undisclosed group of smartphone manufacturers to create devices efficient at characterizing the cellular environment that will earn moreĀ MOBILE tokensĀ than traditional devices,

With its decentralized operating model, Nova Labs is disrupting traditional methods of building a national cellular infrastructure capable of servicing large regions. Conventional network infrastructure deployments are costly and often must go through rigorous approval processes at different government levels before going live.

Initial user experience critical to Helium Mobile’s 5G success

In saying that, rigorous testing procedures by mobile network operators often yield critical insights into the end-user experience and potential safety risks. Testing allows the operator to make adjustments to improve cellular reception in hard-to-reach areas and offload network congestion onto neighboring network infrastructure. It also empowers the operator to make necessary adjustments to ensure user safety while using the network.

On Sep. 1, 2022, the Helium core development teamĀ proposedĀ shifting the project to a scalable blockchain likeĀ Solana, a network that has experiencedĀ outagesĀ in the past and could bode ill for the user experience.

With crypto rewards as a hook designed to reel in early customers, Helium Mobile’s adoption will also depend on the ease with which MOBILE tokens can be earned by its initial target market that owns traditional smartphones.

Nova Labs will launch the beta version of Helium Mobile in Q1 2023.

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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

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ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

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Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ā€˜matter’, is but a hardening of our previous (past) internal states of being.

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It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, ā€œThe Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.ā€

The data includes Real GDP and the PCE Price Index,Ā which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data šŸ‘‰will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
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