Peaq and Pulsar Group launch sandbox in UAE to explore the integration of robotics technology in decentralized economy

According to Cointelegraph, Layer1 blockchain Peaq and Pulsar Group have launched a dedicated sandbox in the United Arab Emirates aimed at exploring the integration of robotics and artificial intelligence in a decentralized economy. Both parties have launched the 'Machine Economy Free Zone' in Dubai, combining regulation, infrastructure, and investment to push into centralized, machine economy specific use cases. The program aims to provide a controlled environment for developers, businesses, and government stakeholders to test and develop machine economy applications, including DePIN networks. Max Thake, co-founder of Peaq, introduced that the free zone will build a "people-centered economic system" that allows autonomous robots and intelligent devices to generate revenue by creating value. Specific application scenarios include community driven air quality monitoring, hyper localized weather forecasting, and virtual power plants composed of user devices. The project innovatively proposes the "Universal Basic Ownership" (UBO) mechanism, which distributes a portion of the wealth created by robots to groups unemployed due to automation through tokenization.