Piggycell, an IoT-Based RWA Project, Secures Investment from a Public Mainnet Internet Computer

Singapore, Singapore, July 4th, 2024

Piggycell, an IoT-driven blockchain project focusing on real-world assets (RWA), has garnered investment from the Internet Computer (ICP) and has joined the ICP Olympus accelerator program.

Piggycell is a platform that allows users to engage in IoT-based Charge To Earn (C2E) while charging their devices. It is decentralized and connected to Korea’s leading power bank sharing service, Piggycell, which boasts over 3 million users.

The ICP Olympus program, launched in April 2024, is designed to support emerging initiatives within the 24th ranked Layer 1 mainnet, governed by the DFINITY Foundation in Switzerland. This accelerator aims to nurture promising projects into high-value endeavors within the ICP ecosystem, with support from notable investors and mentors, including Fenbushi Capital and Softbank Vision Fund.

Jake Park, CEO of ICP HUB Korea, commented, “With our investment in Piggycell and approval for participation in ICP Olympus, we aim to fully support the project in becoming a global leader and to demonstrate the capabilities and stability of ICP through Piggycell.”

The Piggycell C2E platform is currently preparing for its closed beta test (CBT) and plans to officially launch later this year.

About Piggycell

Piggycell is a groundbreaking initiative focused on promoting real-world applications and widespread adoption of blockchain technology. By creating digital representations of assets from the successful Web2 project Piggycell in a virtual space, it aims to enhance existing assets with innovative functions and philosophical approaches, thus driving up value and achieving meaningful blockchain advancements.

Contact: Manager Daniel, Piggycell

This article was originally published on Chainwire.