Key Takeaways
- Nubia Network (NB) is currently trading around $0.09879 at press time, and the price has increased by around 15% in the past 24 hours.
- The Nubia is an ambitious project that aims to build a ‘physical perception layer for AI and the real world’.
- The platforms capture real-world hyperlocal data and convert it into machine-readable intelligence.
- The on-chain validation and real-time oracle feeds uniquely position it in the crypto space.
- The Nubia’s pioneering efforts in the Decentralized Physical Infrastructure (DePIN) space are positioning it uniquely in the crypto space.
Current Market Scenario: How is Nubia Network (NB) Faring Now?
The Nubia Network (NB) is currently trading around $0.09879 at press time, and the price has increased by around 15% in the past 24 hours. The token has gained more than 23% in the past week. The market cap touched $18.19 million. $491.78 million is the 24-hour trading volume. The market sentiment remains bullish.
The current price surge was fueled by strategic partnerships and Exchange listings. On November 4, Nubia announced a strategic partnership with PolyMaster, Inc., the core weather prediction trading and research team of Polymarket and APRO AI Oracle. The APRO Oracle is trying to solve one of the biggest challenges faced by LLMs, AI models, and autonomous models, that the lack of real-time data access. On November 3, the Nubia went live on WEEX Exchange. The NB token was released a month ago, and hence it has experienced post-airdrop volatility in the past week. The token has recovered, and currently, the price is up.
What Is Nubia Network (NB)?
The Nubia is an ambitious project that aims to build a ‘physical perception layer for AI and the real world’. The platforms capture real-world hyperlocal data related to weather, air quality, soil, water, and energy via hardware sensors and convert them into machine-readable intelligence. They employ AI analytics and blockchain verification to create a trusted data layer that can be used by enterprises, AI agents, and dApps. The platform has over 20,000 weather sensors located in more than 120 countries and 16,000 validator nodes. The following flow chart represents the process.
Marco Stations (Collect)
↓
Validator Nodes (Validate)
↓
Oracle Layer (Deliver)
↓
Web3 Applications (Use)
The on-chain validation and real-time oracle feeds uniquely position it in the crypto space. Additionally, Nubia Network. The network rewards community members for quality data contributions. The NB token is used to reward the community members. By merging reality and Web3, the network is fast emerging as an important player in the Decentralized Physical Infrastructure (DePIN) industry.
Tokenomics of Nubia Network (NB)
The total supply of $NB is 1 billion tokens, and the Token allocation is as follows.
- Device Mining Pool – 21%
- Node Mining Pool – 20%
- Team & Advisor – 14%
- Seed & Pre-Seed – 14.25%
- Community Airdrop & Marketing – 15.5%
- Treasury / Foundation / POS – 13%
- Liquidity / Market Making – 2.25%
Final Thoughts: Why Nubia Matters?
The Nubia is bridging the real-world data with Web3; its pioneering efforts in the Decentralized Physical Infrastructure (DePIN) space are positioning it uniquely in the crypto space. Nevertheless, the scalability is the biggest challenge for such novel endeavours. The future performance of the Nubia Network (NB) will depend on future technological developments in the network and the successful strategic partnerships the network can forge along the way.
Nevertheless, Nubia Network (NB) is a new entrant in the crypto space, hence it’s natural to experience price volatility. Hence, investors are advised to follow prudent financial practices to avoid any risks.
Also Read: Top 3 Crypto Price Prediction Today (Nov 6)