The capabilities of blockchain technology and cryptocurrency initiatives never fail to astound every one of us. The GreenPower Network (GPN) is a new cryptocurrency initiative that attempts to promote a new Use-to-Earn paradigm by connecting commonly used power items in real life with blockchain-powered crypto tokens and NFTs.
Understanding the GreenPower Network and How It Works
Greenpower Network (GPN) is a revolutionary web 3.0 platform that will not only stimulate the production and use of sustainable energy via tokens and awards, but it will also enable different power hardware makers to market their power goods ranging from outdoor power stations, portable power banks, home power storage, solar power generators, and electric car charging stations, among others, that consumers can utilize for their daily energy usage needs.
This decentralized network collaborates with suppliers of power hardware to provide customers with compact Smart Energy Sources in a range of sizes and capabilities that may efficiently meet their needs for outdoor, portable, and inside energy. The encrypted and secure data on power generation and usage will be communicated to the GPN’s application, which is offered on both Android and iOS and coupled to web 3.0 through blockchain technology.
Clients of the program will be able to connect with their in-app NFT, which may be upgraded through power supplies or by visiting the in-app marketplace. Through the usage of power products, people can purchase, sell, upgrade, or exchange their NFTs as well as claim prizes or tokens via their associated NFTs.
Real world use case
Below is a prominent real-world use case of GreenPower Network:
Battery supplier IMMOTOR BAY has a variety of innovative goods that are causing a stir in the market. The massive 543 Wh IMMOTOR BAY series battery is ideal for outdoor sports and emergencies. It may be utilized as a residential off-grid power source when combined with a good solar battery.
The most unique quality is that it’s the very first source of energy that is NFT-compatible and is compliant with the GreenPower Network, which is drawing interest from other countries.
When recharged with sustainable energy sources like solar power, IMMOTOR’s BAY series batteries’ data is secured via blockchain technology and kept as a token.
Using green electricity when charging results in a worthwhile experience.
The IMMOTOR mobile application can control power supply, charging, and other functions for the BAY series, and it also keeps track of how much overall green power users have consumed. The fact that this report was created utilizing blockchain technology in NFT is distinctive. Every Green Power Network NFT avatar grows with accumulated tokens.
GPN is attempting to establish itself in the future with some of its ground-breaking innovations. Even though IMMOTOR has still not committed to using this GPN system for its product specification, by purchasing IMMOTOR’s BAY series, it appears to be that it could be acquired with the idea that it may one day be used.
The GreenPower Network appears to be attempting to develop a system that produces token value through the production and use of green energy. Other battery makers and household appliance makers can join this system because it is open. With the involvement of several businesses, it will develop into a symbol that can demonstrate the extent to which our daily energy needs are met by renewable energy. A fascinating experiment, to say the least
Also, the GPN will be very valuable once manufacturers and significant infrastructure providers join. The ability to participate in the initial phase of the initiative that creates the GPN is the largest additional benefit of IMMOTOR BAY.