Blockchain technology is witnessing an increasing number of applications within the telecommunications industry. World Mobile Group, a London-based firm founded in 2018, is seeking to advance decentralised Web3 networks on a global scale. The company’s mission revolves around providing high-quality web connectivity through a decentralised hybrid network that claims to be 12 times more cost-efficient in terms of coverage area. Currently, the World Mobile network operates in regions including Zanzibar, Pakistan, the UK, and the US.
Operational Framework of World Mobile’s Network
Unlike traditional telecom setups, the World Mobile network is based on a blockchain framework. At its inception, the firm developed a layer-2 blockchain, the World Mobile Chain (WMC), which is built on the Ethereum mainnet. The native currency of this blockchain is the World Mobile Token, symbolised as WMTx.
According to the company, “World Mobile’s blockchain-based sharing economy underpins its unique connectivity solution, where decentralised network infrastructure is owned and operated by the people. Whether you’re an AirNode Operator providing mobile connectivity, an EarthNode operator processing transactions, staking WMTx, or mapping network coverage through the World Mobile app, there is a role for everyone,” highlighting opportunities for its users to earn WMTx rewards.
Users can enhance their earnings by identifying and reporting weak signal areas via the World Mobile app, in addition to managing data bundles and Web3 assets through the platform.
As of now, the value of the WMTx token is approximately $0.2268 (around Rs. 19.05), according to data sourced from CoinGecko.
A report by DePin Hub notes that the network “utilizes a combination of existing infrastructure and alternative technological solutions to serve its users. For instance, in certain regions, it leverages ‘TV white space’ to transmit and receive data via unused television broadcast spectrums. In other areas, the service incorporates SpaceX’s Starlink satellite internet for mobile users.”
Recently, World Mobile Network announced the establishment of its blockchain infrastructure on Base, a Layer-2 blockchain developed on Ethereum. This development reportedly brings the platform closer to achieving recognition as the world’s largest Decentralised Physical Infrastructure Network (DePIN).
Commenting on this milestone, CEO Micky Watkins stated, “By embracing interoperability, we are not only expanding our reach but also building a thriving ecosystem that will revolutionize connectivity. Together, we are creating a future where anyone, anywhere, can operate and earn from a genuinely decentralised and inclusive wireless network,” as reported on the company’s website.
