Drive-to-Earn with Hivemapper and DIMO

Key Insights

• Cryptoeconomic protocols allow Drive-to-Earn projects Hivemapper and DIMO to compete in industries with prohibitively high barriers to entry. Reduced CapEx and OpEx enable the networks to offer more cost-effective pricing than Web2 companies.
• Hivemapper aims to create a decentralized, permissionless global map. Network contributors install a 4K dashcam in their vehicle and are rewarded with HONEY tokens for collecting street-level imagery. Map imagery can then be consumed through a Map API.
• DIMO is an open data and connectivity platform that allows users to collect their vehicle’s data and share it with the network for DIMO tokens. The data collected provides users with real-time insights into their vehicles and can be purchased by enterprises or app developers.

Hivemapper and DIMO are two projects in the mobility space utilizing cryptoeconomic protocols to build decentralized physical infrastructure networks. Both projects leverage a novel token distribution mechanism that rewards participants with tokens for completing verifiable activities in the real world.

Cryptoeconomic protocols effectively incentivize and coordinate human activity, making them useful for the development of real-world decentralized infrastructure networks. The main benefits associated with using cryptoeconomic protocols include:

• Providing the ability to bootstrap and rapidly scale networks globally with significantly reduced CapEx and OpEx, removing the need for a centralized entity