GIANT Protocol to develop web3 protocol 23 November 2021US Reporter: Jenna Lomax
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Global Internet Access Network Token (GIANT) Protocol has developed a web3 protocol to decentralise and democratise access to the internet and financial services.
Web3 is a protocol for blockchain that aims to reestablish how the internet is wired and how it functions behind the user interface.
Through turning internet connectivity into a digital asset and creating a new web3 layer, GIANT will be able to create a decentralised connectivity platform that is open to all and governed by the community, says GIANT.
The tokenised platform will allow anyone with a mobile phone to access the internet and earn rewards based on their connectivity.
As part of GIANT’s development, the project has hired a team of executives from Fintech companies including Juniper, Salesforce, HackerOne, Roku, Mobile365, among others.
GIANT has also closed agreements with telecommunication providers across the globe.
Suruchi Gupta, founder and CEO of GIANT, comments: "The world needs a simple, intuitive and practical way to bring blockchain and web3 benefits to the masses. By transforming bandwidth into a virtual currency, GIANT makes it easy to use, own, acquire cryptocurrencies and access new web3-based financial services. With only 220 million worldwide crypto users, GIANT will provide an on-ramp for earning and consuming crypto-based rewards for unused airtime.”
Merijn Terheggen, co-founder and COO of GIANT, says: “The project partners with telecommunications companies and connectivity providers worldwide to create a new distributed connectivity economy that tokenises bandwidth. GIANT will serve as a global enabler of decentralised financial services via connectivity as a digital asset of value, in a way not possible using the current centralised economic systems.”
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