On Tuesday, Helium Mobile unveiled its tech stack licensing program aimed at device manufacturers. This initiative marks a pivotal shift for the company within the global wireless network infrastructure industry.
Helium’s licensing initiative is a key component of its broader strategy to promote a decentralized approach to wireless network development and management.
Helium’s HNT Token Surges
By facilitating easier access to decentralized physical infrastructure networks (DePin), Helium Mobile is looking to accelerate the sector’s growth. Amir Haleem, CEO of Helium Mobile / Nova Labs, explained the company’s strategy.
“We believe that access to the internet is a basic human right, and for many people that access is through a smartphone. Enabling other manufacturers to leverage our technology will help accelerate a global wireless infrastructure revolution. This initiative is about empowering individuals and communities, driving progress, and building a more connected world,” Haleem said.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
The licensing program promises to simplify the integration process for device makers by providing access to Helium Mobile’s Builder App. This application enables end-users to onboard and manage their devices, enhancing their interaction with the Helium Network.
Moreover, the program grants access to the Helium Mobile Hotspot Dashboard. This tool offers extensive real-time management and monitoring capabilities, which are intended to boost network reliability and operational efficiency.
The licensing fees from this program might contribute to Helium’s revenue. Due to this development, the price of Helium’s HNT token has surged by 13.44% in the past 24 hours, currently trading at $3.51. However, the HNT token is still down by over 95% from its January 2022 highs.
This initiative comes at a critical time for the company, which has faced significant challenges recently. Last year, the world’s largest crypto exchange, Binance, delisted and stopped trading for HNT.
Read more: Helium Staking for Beginners: Earn Passive Income With HNT
Moreover, Helium decided to abandon its native blockchain and migrate to Solana, which caused controversy in 2023. However, according to the latest data from Dune, Helium Mobile has over 94,000 subscribers as of June 18, 2024.
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