Coinbase selects decentralized mapping stock “Hivemapper” as a candidate for initial listing

HONEY soars

U.S. virtual currency exchange Coinbase has announced new stocks it is considering listing (roadmap).

Asset added to the roadmap today: Hivemapper (HONEY)https://t.co/rRB9d3hSr2

— Coinbase Assets (@CoinbaseAssets) January 3, 2024

The target this time was Hivemapper (HONEY), and the token price soared +113.8% following the announcement.

Coinbase’s roadmap stocks may be listed in the future, but it is unclear when they will be listed. Furthermore, listing has not necessarily been decided.

Hivemapper is a distributed mapping project based on Solana, a type of so-called “DePIN (Distributed Physical Infrastructure)”. The system is such that an individual driver installs a special camera inside the car, takes pictures of road conditions, shares the latest mapping data, and obtains HONEY tokens. Users who purchase mapping data pay with HONEY.

Recently, Helium (decentralized 5G), Hivemapper, and Filecoin (decentralized storage) have been attracting attention as representative examples of DePIN.

connection: “Bitcoin is the Godzilla of the financial world”, the revival of Solana and the spread of DePIN/AI = Messari’s 2024 report

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