EoT Labs

EoT Labs is an open-source development, incubation, and deployment laboratory headquartered in Berlin, Germany, focused on transitioning the Internet of Things (IoT) to the Web3-based Economy of Things (EoT). The company develops protocols, tools, and decentralized applications (dApps) that form the foundation for a decentralized machine economy. By creating this infrastructure, EoT Labs aims to enable vehicles, robots, and devices to interact and transact autonomously and securely without central intermediaries.

The company was founded by Till Wendler, Leonard Dorlöchter, and Max Thake. The founding team has a strong background in blockchain and entrepreneurship. Till Wendler, an early Bitcoin enthusiast, previously served as Head of Operations for Advanced Blockchain AG. Leonard Dorlöchter, a graduate of the Technical University of Berlin in Business Informatics, was part of the founding teams at Advanced Blockchain AG and nakamo.to before co-founding peaq. Max Thake is an entrepreneur and writer who focuses on translating technological complexity to solve problems. The founders' journey began with identifying the limitations of existing IoT infrastructures and the potential of blockchain to create more open and secure systems. This led to the creation of EoT Labs to develop enterprise IoT solutions and eventually its flagship project, peaq.

EoT Labs operates on a business model centered around incubating and supporting open-source projects. Its flagship project is the peaq network, a Layer 1 blockchain purpose-built for Decentralized Physical Infrastructure Networks (DePIN) and machine Real-World Assets (RWAs). The peaq network provides developers with modular functions like `peaq ID` for machine identity, access control, and payment processing to build applications for various sectors. Other projects incubated include charge.xyz, krest network, and penomo. The company's business model appears to be driven by the growth and adoption of the ecosystems it helps create, with Advanced Blockchain AG holding a 37% equity stake in EoT Labs. The peaq project has successfully raised significant capital, including a $15 million funding round in early 2024, to expand its ecosystem.

Keywords: Economy of Things, Web3, Decentralized Physical Infrastructure, DePIN, Layer 1 blockchain, open-source development, machine economy, IoT, dApps, peaq network, Till Wendler, Leonard Dorlöchter, Max Thake, machine-to-machine transactions, RWA, decentralized applications, smart contracts, blockchain infrastructure, Web3 Machine Economy