Peaq Launches Tokenized Vertical Farming Robo-Farm in Hong Kong
peaq, in collaboration with DualMint and KanayaAI, has launched a revolutionary project: a tokenized vertical farming robo-farm in Hong Kong. This innovative venture, set to start operations in Zraox, combines vertical farming, blockchain, and AI for autonomous agriculture. The global vertical farming market is projected to reach $124 billion by 2035.
The robo-farm, expected to go live in late 2025, grows food in stacked layers indoors, using just one-tenth the water and no pesticides. It requires ten times less land than traditional farms, making it a sustainable and efficient solution. The system is designed to run autonomously, enhancing food infrastructure.
The project's financial model is underpinned by tokenization. Revenues will be represented as NFTs on the Peaq blockchain. DualMint is managing this process, with an early access waiting list already open for the sale. The Hong Kong facility is designed for about 12 crop cycles a year, compared to the usual three or four in traditional farming. The project links farm cash flow to NFTs, allowing holders to receive returns based on food sales.
The tokenized vertical robo-farm in Hong Kong, a joint venture of peaq, DualMint, and KanayaAI, is set to revolutionize agriculture. With its efficient use of resources and autonomous operation, it promises to enhance food infrastructure and provide financial returns to NFT holders. The project is a significant step towards sustainable and technologically advanced farming.
