From Cointelegraph
June 11, 2025 12:30:00 pm:

Blockchain company peaq and Pulsar Group launch a Machine Economy Free Zone in Dubai to explore robotics and AI integration. The initiative aims to advance decentralized, machine economy-specific use cases by providing a controlled environment for testing and developing applications like DePIN networks. The market for DePINs is projected to reach $3.5 trillion by 2028.

The UAE sandbox allows for comprehensive development and testing of machine tokenization applications, rewarding tokenholders for revenue generated by specific machine activities. The Universal Basic Ownership system in the free zone directs wealth from robots and autonomous agents to individuals displaced from jobs. Dubai has become a key hub for tokenization, with rapid growth in tokenized asset activity, particularly in real estate transactions.

Dubai’s Virtual Asset Regulatory Authority updates its framework for bringing real-world assets onchain, leading to billions of dollars in blockchain-based real estate transactions. The region’s first licensed tokenized real estate project is launched by the Dubai Land Department, the Dubai Future Foundation, and the Central Bank of the UAE. The machine economy is gaining momentum, with bots now having wallets in this innovative ecosystem.

Read more at Cointelegraph: UAE Launches Machine Economy Sandbox with peaq and Pulsar