The NYC Helium Network
On Tuesday night, our portfolio company Helium launched the Helium Network in NYC.
As many of you know, Helium is a peer to peer low bandwidth wireless network that anyone can run a hotspot for. I wrote about our hotspot in our apartment in NYC a few months ago.
When you operate a Helium hotspot, you earn Helium tokens. We earned about 7 Helium tokens yesterday with our hotspot.
The Helium network in NYC is already 133 hotspots strong and the map of lower Manhattan looks like this:
If you would like to buy a Helium hotspot and start earning Helium tokens you can do that here.
The cost of Helium hotspots are $495 right now but early adopters earn Helium tokens at a higher rate. As the cost of Helium hotspots come down to what you are accustomed to with wireless networking equipment, the competition for earning tokens will go up and the rate at which you earn tokens will come down too.
This is token incentive economics at work in building out wireless infrastructure and I am excited to watch this happen.