MetaStreet, Beam, and Tactical Compute ($TACOM), an Aethir-based unique AI-focused investment vehicle, have executed the first on-chain financing agreement for DePIN assets. This agreement aims to address the ongoing challenge faced by DePIN network members, who often rely on costly traditional investments to support their operations.
As part of the agreement, $TACOM’s $3.3 million mobile chip deal, rented on-chain through Aethir, has been tokenized to serve as collateral in MetaStreet’s Arbitrum-based DePIN Financing Pool. Metaversal has provided a debt capital of $415,000, demonstrating how capital markets can provide liquidity to support the growth of DePIN infrastructure.
MetaStreet, Tactical Compute, and BEAM are collaborating to enhance accessibility to on-chain liquidity. By partnering with Tactical Compute and BEAM, MetaStreet aims to empower participants in the DePIN network, enabling hardware owners to access on-chain liquidity without the need for expensive upfront investments.
Building on the $40 million fundraise by $TACOM, the partnership focuses on financing innovative technologies that leverage cryptocurrency and AI. MetaStreet leverages its expertise in on-chain lending for traditionally challenging-to-finance assets, while Arbitrum’s L2 blockchain ensures scalability and a robust DeFi ecosystem.
TACOM’s $3.3 million mobile chip deal, including NFT tokenization via Permian Labs, allows for the tokenization of hardware assets that are typically underutilized or inaccessible to DePIN hardware providers. MetaStreet provides liquidity to TACOMM by tokenizing these assets and integrating them into on-chain capital markets, creating new yield opportunities for Metaversal and institutional lenders.
The NFTs representing ownership of these assets can be used in various DeFi applications, with MetaStreet’s lending pools using the tokenized assets as collateral. This structure enables borrowers to access liquidity and generate yield, with Metaversal’s initial loan of $415,000 highlighting the role of innovative lending structures in increasing DeFi liquidity accessibility for traditionally challenging assets.