Peaq, a blockchain network focusing on the so-called machine economy, announced on Tuesday the launch of what is called the world’s first tokenized RoboFarm.
The project is being developed in collaboration with DualMint, a platform for tokenizing everyday business, and Kanayaai, a Hong Kong-based urban agritech company.
During Korea Blockchain Week 2025, Leonard Drulshter, co-founder of PEAQ, said the project was autonomously run and designed to enhance food infrastructure.
“It’s a vertical farm that builds farming autonomously and produces crops, with yields of around 20%,” he said. “Can you only imagine farming machines that can produce 20% yield while contributing to critical food infrastructure?”
Vertical farming – The practice of growing crops indoors in stacked layers, often in warehouses, shipping containers, or dedicated towers, is what they want to do with artificial lighting, climate control and hydroponics, so food is produced in dense urban areas where land is rare.
Advocates say it requires less land and water than traditional agriculture, while still delivering consistent yields close to consumers. With growing interest in vertical farming space, the market is expected to reach $124 billion by 2035.
Hong Kong facilities are designed for about 12 crop cycles per year, compared to three to four in traditional agriculture. According to Peaq, the system uses one-tenth of a comparable farm, pesticides and ten times more land. Fresh vegetables such as lettuce, kale and spinach are delivered directly to residents on a subscription basis.
Where the token comes in
Tokenization, the process of turning real-world assets ownership into digital tokens on the blockchain, underpins the project’s financial model.
In this case, farm revenues are represented as inappropriate tokens in the PEAQ blockchain, giving holders a percentage of cash flow. DualMint manages tokenization and early access wait lists are already open for sale.
PEAQ works as a Layer-1 blockchain built for connected devices and robots. DualMint specializes in providing profitable businesses such as laundromats and vending machines on-chain.
Meanwhile, Kanayai is developing automated vertical farms for urban environments. Together, the three companies are assembled the Hong Kong project as a way to combine blockchain, automation and sustainable food production.
This initiative is based on broader trends in agricultural robotics.
Companies are already deploying AI-driven robots that remove weeds, move plants in nursery beds, and remove harvest crops in controlled environments. In Arizona, modular robot vertical farming systems like Opolo Farms have already shipped lush greens directly to the market.
Still, there are a few challenges that continue. These include high capital and operating costs, particularly for energy-intensive lighting and climate control, which can limit scalability.
Running AI-driven robotic systems also requires capital, technical expertise and access to power, creating barriers for small operators. Analysts warn that such systems could concentrate food production on funded entities.
By linking farm revenue directly to consumer demand through tokenized cash flows, PEAQ aims to demonstrate how tokenized automation can deliver both sustainable food and yield-producing assets based on everyday demand.
“We’ve entered the most destructive time that humanity has seen,” Drulletchter said. “The economy of machinery lies here.”
RoboFarm is scheduled to be released in the fourth quarter of 2025.
