DePHY

DePHY

Decentralized low latency off-chain network for verifiable and composable Web3 infrastructure. Learn more

Market cap
-
Enterprise valuation
CAD55m (Public information from Feb 2024)
Palo Alto California (HQ)
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DePHY operates in the decentralized technology sector, providing a low latency off-chain network designed for Decentralized Physical Infrastructure Networks (DePIN). The company focuses on verifiability and composability, ensuring that data is traceable, tamper-proof, and compatible with various blockchain technologies. DePHY's core product allows users to deploy Edge Brokers locally, utilizing NoStr as the transfer layer and commonly used technologies such as MQTT and HTTP. This infrastructure supports streaming verifiable data to downstream consumers like Oracles and storage providers. The business model revolves around offering a decentralized solution that addresses the monopolization of data by centralized entities, thereby promoting a new economic model based on decentralized technologies. DePHY generates revenue through the deployment and maintenance of its decentralized network services, targeting clients in the blockchain, IoT, and data security markets. The company's key clients include blockchain developers, IoT device manufacturers, and data security firms.

Keywords: decentralized, low latency, off-chain network, verifiability, composability, Web3 infrastructure, Edge Brokers, NoStr, MQTT, blockchain.