Summary:
- Decentralized wireless network Helium has signed a partnership with mobile network heavyweight T-Mobile.
- The deal is valid for five years and will power broader 5G coverage for users.
- Nova Labs, the company behind the blockchain-backed network, announced the T-Mobile deal along with a new crypto reward initiative for network users.
- The company dubbed the reward program “Helium Mobile”.
Nova Labs announced an agreement with cellular network mammoth T-Mobile to power broader 5G mobile coverage for Helium, a wireless network service backed by crypto technology. The five-year agreement will power nationwide 5G coverage in the U.S., said Nova Labs on Tuesday.
The Helium Network was developed and launched by Nova Labs in July 2019 as a mesh of wireless hotspots powered by blockchain tech. Over 900,000 hotspots have gone live across the globe since launch.&
Regardless, the network battles with wide coverage. Boris Renski, general manager of wireless at Nova Labs, noted that coverage isn’t perfect and a lot of dead spots exist. The deal to tap T-Mobile could remedy this situation and expand its network reach.
In an interview with CoinDesk, Renski stressed that Nova Labs isn’t positioned as a competitor to existing mobile network providers. Instead, Helium is a complimentary network for service providers said Renski.
Helium Mobile Heralds Crypto Rewards For Subscribers
The deal with T-Mobile comes on the heels of a Nova Labs crypto reward initiative dubbed Helium Mobile. Tuesday’s announcement reaffirmed that hotspot users will be able to earn crypto-powered rewards for using the network.
Nova Labs also plans to tap T-Mobile’s broader coverage to power a new range of mobile products, services, and packages for users of both networks.&
Network users can expect a beta version of the combined network coverage by Q1 2023, said Nova Labs on Tuesday.
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