Original source: Piggycell

In the South Korean mobile power bank sharing market, the platform "Piggycell" holds over 95% market dominance and is gaining global attention with its Real World Asset (RWA) project that integrates Web3 technology. Piggycell is not just a Web3 startup with a vision; it has demonstrated the practical value and financial stability of Web3 technology through its solid business model.

Piggycell has proposed a unique model that perfectly combines physical infrastructure with blockchain technology. In a recent public test, over 9.4 million on-chain records were generated in just two weeks, proving that everyday activities in the real world can be transparently recorded on the blockchain. This is seen as a significant milestone in addressing one of the main challenges faced by Web3 projects—how to achieve "real-world applications."

It is worth mentioning that Piggycell's payment experience (UX) perfectly replicates the convenience that Web2 users are accustomed to. Users can easily scan a QR code to complete payments through familiar payment systems like WeChat Pay, Kakao Pay, and Naver Pay, and immediately borrow a power bank. After use, it can be returned freely at any station. This intuitive, low-barrier user experience breaks the stereotype that Web3 technology is complex and difficult to use, creating conditions for everyone to participate easily.

At the core of Piggycell are its two innovative Web3 models. The first is the "Charge-to-Earn" model. Users earn incentives that can be used within the Piggycell ecosystem while borrowing and charging the power bank. This allows users to naturally earn Web3 rewards simply by using the service, without the need for additional investment or complex steps.

The second is the "Dominate-to-Earn" model. It mints the infrastructure assets of specific power bank stations into NFTs, allowing users who hold these NFTs to share in the revenue generated by that infrastructure. This model builds a transparent and efficient value distribution system, enabling anyone to participate in the contribution and benefits of physical assets, effectively integrating the core value of RWA into the Web3 ecosystem.

Piggycell's financial stability has also been validated through its successful fundraising. The company secured a total of $10 million (approximately 70 million RMB) in seed funding from major institutions in South Korea, such as Hana Securities and Shinhan Securities, as well as globally recognized Web3 investors like Animoca Brands and Galxe. This investment strongly demonstrates that Piggycell is not a project chasing short-term trends, but one recognized by the market for its long-term growth potential.

An executive from Piggycell stated, "We are not a project that only exists in a technical white paper; we are a company that creates value through actual operational performance and robust cash flow. We will build a trustworthy Web3 ecosystem based on physical assets, setting new standards for the market." Piggycell not only showcases a blueprint for the mobile power bank sharing sector but also provides a leading example of how Web3 technology can be applied to other physical infrastructure industries.

This article is from a submission and does not represent the views of BlockBeats.

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