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Samsung Is Backing A Decentralized Physical Infrastructure Crypto Startup

April 25, 2024
x min read
Samsung Is Backing A Decentralized Physical Infrastructure Crypto Startup

Decentralized physical infrastructure is one of the most exciting new areas in crypto. And now, Samsung is getting in on it.

What’s happening:

  • Samsung Next, the venture capital arm of Samsung Electronics, has announced a strategic investment into decentralized physical infrastructure startup Roam

The big idea:

  • Roam provides crowd sourced internet connectivity by rewarding users for installing routers globally
  • Roam’s connectivity network is focused on anonymity and protecting user identity, while enabling seamless access to WiFi anywhere their routers are installed
  • Users who install or host routers to expand WiFi connectivity into new locations earn tokens through Roam’s app

By the numbers:

  • Roam is being used in 126 countries globally
  • Roam currently has more than 163,000 WiFi spots globally
  • More than 70,000 individuals currently use Roam’s app

Going deeper:

  • Decentralized physical infrastructure mobile network Helium has also been on the rise after announcing a partnership with T-Mobile to bring unlimited nationwide plans to Helium users in the United States

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