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In 2011 the UN released a report declaring the internet a Human Right, but over a decade later millions of people in developing countries still lack the necessary means for a simple WiFi connection, many of which reside in Latin America. This is due to industry control by a few large Internet service providers (IPSs), with a preference to upsell to their established customer base, rather than expanding to untapped regions in which millions of people are in dire need of connectivity.
These companies fail to prioritize sufficient connection quality & network coverage to developing nations, with an approach that has led to 37% of the world's population currently living without the internet. This gap in the market has attracted the attention of a new web3 telecommunications innovator named Wayru, who is spearheading tech advancements that could provide a decentralized solution to a centralized problem.
What was born as an idea to help connect the people of less developed countries may end up being one of the most savvy business ideas of 2022. The market size for the Global Internet Service Providers industry recently surpassed an eye-watering figure of 1 Trillion USD, with demand only set to increase.
Wayru is a startup that believes that people's internet infrastructure should be in their own hands. The Florida-based company is a strong advocate for the internet as a human right and is striving to make this a reality with a pioneering new decentralized network of Hotspots and Genesis hardware devices, that will not only provide internet to millions in undeveloped regions but also reward those who chose to support the
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