DeMR—KuCoin Labs’ First Strategic Investment in the DePIN Track

KuCoin Labs, the incubator and investment arm of the KuCoin ecosystem,  has announced a strategic investment in DeMR, marking the beginning of a comprehensive collaboration in community operations and subsequent product development. This move reflects the recognition of the DePIN track by KuCoin Labs and highlights its profound understanding of the future development of the crypto industry.

DeMR, integrating MR seamlessly, stands out with assets like Compass NFTs, Land NFTs, and Node License NFTs, fostering strong connections with DeMR ecology and amplifying real-world influence and economic value. Lou Yu, Head of KuCoin Labs stated,

“Future growth in the DePIN track will incentivize more providers to join in a self-reinforcing, long-term growth cycle. KuCoin Labs will support DeMR in its efforts to continue to achieve its key milestones.”

What is DeMR?

DeMR is a decentralized Mixed Reality (MR) infrastructure network (MR-DePIN) built on the Solana Chain. Global users may participate in scanning and building MR maps of various cities with consumer-grade devices. They can also build infrastructure facilities through decentralized distributed concurrent architecture, providing a Web3 underlying architecture that serves massive MR applications and global users. This approach realizes complete interconnection and decentralization between MR application ecology and virtual-real symbiosis scenes based on DeMR, MR & AI spatial computing technology.

The digital world created by MR & AI spatial computing technology can coexist with the real world seamlessly, allowing users to access the delightful new world of spatial interconnection and virtual-real symbiosis anytime and anywhere. In the DeMR Network, each Contributor, Land Holder, and Developer is connected and traded through the blockchain network, and the Contributor could earn revenue by contributing to the network construction through scanning and annotating (Scan-to-Earn). The network gives incentives to each Contributor through the cryptocurrency DMR (the DeMR Network Token), and the Developer invokes services such as MR map positioning and spatial computing to build his own MR spatial Internet DAPP by paying using DMR. This ultimately forms a huge global decentralized MR metaverse infrastructure with the most advanced spatial computation technology. Additionally, massive ecological applications and spatial traffic interconnection can be built on it. 

Technology

The DeMR Network has been developed by a global leading MR &AI team for over 5 years. It has the following key features:

1. High-definition (HD): With the help of advanced deep neural network-based computer vision technology, DeMR supports centi-meter-level spatial localization and interaction.
2. City Scale Support: DeMR has established large-scale service capability, supported from room-scale small MR HD Map to city-scale large-scale MR HD Map.
3. Consumer Level Scanning: DeMR is in Web3 manner, it is a decentralized network that can be joined by anyone who scans the real-world landmark with consumer-level devices to earn.
4. Adaptive to Various Environments: With AI models trained from large-scale data, DeMR is highly extensible and adaptable. DeMR supports both indoor and outdoor scenes.
5. Multi-device Compatibility: Due to the completion of comprehensive optimization work, DeMR is compatible with most mainstream MR devices, including iOS/Android phones and MR glasses, there will also be a focus on compatibility with Apple Vision Pro in the future.
6. Fully Automatic Mapping Pipeline Aided by AI: One of the core technical advantages of DeMR is an AI-aided fully automatic mapping pipeline that builds spatial semantic MR HD maps.

Contributors

To ensure that decentralized collaboration produces high-quality global 3D high-definition maps, there are multiple Contributor roles in the DeMR Network, including, Scanner ➔ Annotator ➔ Reviewer ➔ Validator ➔Trainer.

Computing Nodes

The future MR world construction requires a large amount of spatial computation, real-time perception, and interactive rendering, thus a large number of computing units and storage units are needed. Needless to say, the security and reliability of Computing Nodes are also crucial. Therefore, computing resources need to stake a certain amount of DMR and mint it to acquire the Node License NFT, which represents their identity and establishes them as a DeMR Computing Node. Each Node continuously contributes computing resources to the DeMR Network and is rewarded with DMR.

Landholders

At the initial stage, DeMR Lands will be officially opened in a limited number of lots in designated cities. Land Holders will receive the lands that are bound to real-world geospatial locations after land minting on DeMR DAPPs, which can then be scanned and map-built by contributors to form a link in the global MR infrastructure network.

DeMR Decentralized Pipeline

1. Land Minting

Land Holders can browse and purchase the open Land NFTs in the DeMR Network across the world through DeMR DAPP. They can mint the land to acquire the right to earn and trade the Land NFTs. Land Holders will be able to release map bounty tasks to accelerate the realization of their Land interests.

2. Scanning

After the land minting or the official bounty instruction, the map scanners are motivated to scan the corresponding land. The map scanner collects raw panoramic video data and calibration data through consumer-level devices such as panoramic cameras and HD cell phones and uploads them to the DeMR Network for subsequent data processing.

3. Annotating

Through their DeMR accounts, annotators can see the flow of data tasks assigned to them or apply for more tasks and get incentives by completing the annotation of parcel-related information. DeMR will gradually introduce AI annotation to improve the efficiency and quality of work.

4. Reviewing

The reviewers can see the data flow assigned to them through their accounts, and check whether the data contains sensitive data, illegal data, junk data, non-standardized data, etc. of any sort, to complete the review and earn the incentive. DeMR will also have some automated review AI processes to improve the efficiency and quality of work.

5. Reconstructing

Map construction and collection are very important steps in the DeMR Decentralized Pipeline. The construction process requires a lot of GPU+CPU computing resources and is completed by the DeMR Computing Node. Through the data of the annotating and reviewing, it officially enters the map reconstruction pipeline, and the DeMR Network automatically allocates corresponding computing resource nodes to perform automatic AI feature extraction and reconstruction in several steps.

6. Validating

The successfully reconstructed map is verified by the validator with DeMR DAPP in the simulated environment and the real world. DeMR ensures the quality and fidelity of MR map reconstruction and provides robust and effective service for subsequent MR applications.

DeMR Tokenomics

DMR is a utility token used for DeMR Network governance and other functions. The total number of tokens is fixed at a maximum of 100 billion, and the rules for allocation are described in Section 4.3. DMR tokens are used for the following main purposes:

Economy Flow

1. DAO Governance: DMR holders can initiate DeMR governance proposals and participate in community voting
2. Mining reward: Motivating all DeMR map contributors to build and maintain the data and network of DeMR HD map
3. Node staking: DeMR network Computing Nodes need to stake DMR tokens to maintain Node License NFT qualification
4. Access to services: Developers destroy DMR tokens to generate DCC to pay for the services used by DeMR maps