When the trending hot concepts of NFT + DeFi + DAO were realized in the recent MeshBox project launch, one can imagine the overwhelming enthusiasm which erupted, in which the first 100 Distributed Internet of Value Genesis DNET NFTs were snatched up by global strategic investors even before the launch! These investors included the Vice President of the Economic Society of Singapore, Chairman of the Singapore Fintech Association, representatives from compliance exchanges, lawyers, private bankers, ecosystem partners, and well-known VC partners, etc. The NFT is called DNET, which is short for Decentralized Network. Each DNET represents a seat on meshDAO, a decentralized autonomous organization, composed of the creators of the Internet of Value. Another 400 meshDAO seats (adding to the original 100 DNET NFT meshDAO seats) corresponding to the second batch of DNET NFTs will be offered in another launch, which has yet to be announced. More than half of such DNET NFTs have already been reserved.
Why did the DeNet (Decentralized Network) become a trending hot topic? This round of blockchain and digital currency bull market began with the rise of DeFi in 2020. In 2021, the encrypted digital art NFT began to takeover headlines, and also triggered a big boom in decentralized storage projects such as IPFS for sustainable storage. In fact, many believe that the Internet of Value is an improvement over the Information Internet, with the integration of Blockchain. Only when the centralized Internet of Information is decentralized by the blockchain, can the “value” of the Internet of Value be truly reflected. Mesh is the ultimate peer-to-peer communication network, and it is also essentially the payment system network Satoshi Nakamoto described in Bitcoin white paper “Bitcoin: A Peer-to-Peer Electronic Cash System”. It can be said that the peer-to-peer Mesh network is the essence of blockchain.
2021 can be regarded as the first year for the Internet of Value. The SmartMesh and MeshBox ecosystem has established a decentralized autonomous organization, meshDAO, a pioneer of the Internet of Value. MeshDAO will be responsible for the global distributed Internet of Value deployment.
The Internet of Information is the foundation of Web2.0 applications. The industry is developing and deploying the Internet of Value as the foundation of Web3.0 applications. Leonard Kleinrock defined Packet Switching in 1964 as the exchange mode of the Internet of Information, while Henry Wang defined Token Switching in 2017 as the exchange mode of the Internet of Value. In the Internet of Value, every transfer has a validated value, and is no longer a simple exchange of information packets, but an exchange of tokens representing value, accompanied by data.
The concept of Web3.0 was first proposed by SmartMesh founder Henry Wang in 2003. In 2004, Henry created Movo without Boundary, the world’s first cross-language platform based on AI machine translation to realize the ideal of “One World One Web”. The father of Web, Tim Berners-Lee, later evolved Web3.0 into the Semantic Web in 2006 to protect personal data and privacy.
After Satoshi Nakamoto released the Bitcoin white paper in 2008, blockchain technology was introduced into Web3.0. In 2013, Henry Wang first implemented mobile-to-mobile serverless peer-to-peer encrypted communication and Web applications in NextAPP. Even in the absence of a centralized Internet, users can use register on NextApp and communicate with surrounding mobile phones, even building a self-organized distributed dynamic Web. In December 2013, Henry Wang described the application of this technology to Kevin Kelly, the author of ” Out of Control “. What amazed Henry Wang was that even at an advanced age, Kevin Kelly recognized and branded this peer-to-peer mesh technology as a mobile Internet technology that will change the world.
In 2014, Gavin Wood, the author of the Ethereum Yellow Paper and the founder of Polkadot, added peer-to-peer value delivery to Web3.0. The underlying infrastructures are the foundation to achieve a real Internet of Value and a real Web3.0. This is precisely what SmartMesh and MeshBox ecosystem have been working on, while other projects like Bitcoin, Ethereum, and Polkadot are lacking distributed network infrastructures.
Many people don’t know that around the world, about 4 billion people do not have access to the Internet or cannot afford Internet services, and about 2 billion people do not have access to banking services or live in an underbanked area. In the traditional business model, centralized operators will first evaluate each business case for deployment of services. Connecting the unconnected to the Internet requires the deployment of expensive infrastructure and heavy assets in the form of cellular basestations, evolved packet core, and optical fiber networks. However, whether it is a developing or developed country, many remote areas and underserved areas do not fit into this business model, and as the result, are excluded from the global digital economy. The SmartMesh network, composed of MeshBoxes, combined with satellite communications, Space-Ground Integrated Network, and digital financial services stives to narrow this inequality gap.
MeshBoxes serves as the gateways between the physical and digital worlds. Each DNET NFT corresponds one-to-one with a MeshBox, and decouples the value of MeshBox from the value of deployment. As the creator of the distributed Internet of Value, holding DNET not only bestows meshDAO voting rights, but also enables participation in staking and yield farming. The deployment of MeshBox equipment, corresponding to NFTs, will be guided by members of the meshDAO organization in terms of deployment locals in Southeast Asia and other emerging markets where MeshBoxes are highly valued.
MeshBox Foundation uses the innovative NFT+DeFi yield farming model to solve the liquidity problem of equipment and funding for the construction of the global Internet of Value, and rewards all participants. This will speed up the deployment of the Internet of Value via the HyperMesh infrastructure, thereby providing more people with affordable Internet services and applications, and helping to bridge the global digital divide.
MeshBox CEO Dr. Peter Yan and SmartMesh CEO Henry Wang are both alumni of Washington University in St. Louis. Coincidentally, the father of the Internet, J.C.R. Licklider, graduated from the Physics department of Washington University in St. Louis. Licklider is recognized as one of the pioneers of the global Internet, and later served as a professor at the Massachusetts Institute of Technology (MIT). In 1962, Licklider was inspired by the launch of the first satellite by the former Soviet Union and proposed the Intergalactic Network, which later evolved into the Internet. Elon Musk’s Starlink and IPFS (InterPlanetary File System) were both inspired by the father of the Internet’s original intention. Unfortunately, the Internet has developed into a centralized platform. Modern centralized companies at times betray society with data leaks, and do not adequately address the global digital divide.
SmartMesh CEO Henry Wang and MeshBox CEO Peter, are both fellow alumnus with J. C. R. Licklider (the father of the Internet). They were colleagues of an IT company in the United States 20 years ago. Dr. Peter later worked for Huawei in the United States for 8 years, as an architect of 5G base station SOCs. Dr. Peter has since moved from working at a centralized Internet equipment manufacturer to designing decentralized blockchain protocols and applications, implemented on smart devices. Dr. David Lee, Vice President of Singapore Economic Society and the BOD director for both SmartMesh and MeshBox is also associated with Washington University, as the SMU Global Master of Finances Director. Henry, Peter, and Dr. David Lee are working together again, building a global Internet of Value system from the hardware protocol layer to the value and application layer of NFT+DeFi+DAO. In their view, this journey is not a coincidence, but destiny.
Richard Wang, one of MeshBox’s Strategic Advisor, Partner of DraperDragon Fund (one of core member of Tim Draper’s VC group), commented, “Web 3.0 should be more free and open, so it has to be decentralized and based on the DAO concept. MeshBox creates a decentralized communication infrastructure and allows participants to govern the consensus based on DAO philosophy, this is a truly innovative project of web 3.0.”
Richard Wang is an expert in web3.0, digital ID and IOT mesh network, and he brings invaluable resources from both technology and the venture market to MeshBox. DraperDragon’s partner, Tim Draper is an early investor for Elon Musk’s Tesla and SpaceX, and he is also the one who twittered Elon Musk to suggest that Tesla accept bitcoin payment for a Tesla car. It is a great match for SmartMesh and MeshBox to use SpaceX’s Starlink to form a Space Ground Integration Network, which turns out to be the digital infrastructure of the Internet of Value for countries and areas currently without Internet.
The new business model for MeshBox aims to accelerate the construction of an inclusive digital financial infrastructure for emerging markets such as Southeast Asia, creating a new track for Decentralized Network (DeNet) and Decentralized Network Finance (NetFi).
About SmartMesh® Foundation
SmartMesh Foundation（Token Symbol：SMT）, a Singapore-based firm established in 2018, provides an ecosystem that aims to bank the unbanked, and connect the unconnected. SmartMesh enables ecosystem partners to build disruptive new applications on its Spectrum public blockchain utilizing HyperMesh Infrastructure, targeted at providing inclusive connectivity, banking, and energy solutions. Today, SmartMesh’s Tango Distributed Application provides Peer-to-Peer (P2P) payments through Photon, with intermittent internet connectivity, lower latency, and higher Transactions per Second metrics than possible on conventional distributed ledger technologies. To build a broader ecosystem, SmartMesh has also developed the Atmosphere Cross-Chain Interoperability Architecture platform to bridge Spectrum with other blockchains. For more information, please visit www.smartmesh.io.
About MeshBox® Foundation
MeshBox Foundation（Token Symbol：MESH）, a Singapore-based firm established in 2018, partners closely with SmartMesh Foundation by providing the communication, storage, compute, and IoT HyperMesh hardware infrastructure, on which SmartMesh and other ecosystem partner applications can operate.
Together, MeshBox and SmartMesh create a paradigm shift to enable Infrastructure deployment with shared ROI. Instead of a centralized service provider making deployment decisions, the residents of a community decide when and where to deploy infrastructure, such as MeshBox internet appliances. When investors or operators help a community by investing in the deployment of a MeshBox-enabled HyperMesh Infrastructure, tokens are earned for providing such goods and services. Such token rewards provide incentivization and an ROI, to be shared between MeshBox owners in the community, investors, and operators. For more information, please visit www.meshbox.io.
For further information, please contact:
SmartMesh
Annie Wong
