Noble Mobile, a company founded by Andrew Yang that specializes in low-cost communication services, has acquired Helium Mobile, a mobile service built on the Helium decentralized network. Following the transaction, Nova Labs, the company that founded Helium, will focus on network expansion and encouraging more businesses to connect to the network.

Nova Labs shifts towards network expansion

Frank Mong, COO of Helium Mobile, stated that Nova Labs' most pressing opportunity lies in the network business itself. The company recently secured access to the Helium network from major US carriers to offload large volumes of traffic, and the network now serves millions of users daily.

He stated that finding a new operator for Helium Mobile at this stage would help the team focus its resources on expanding network coverage and advancing business partnerships.

Helium networks will continue to use the existing model.

Under the existing mechanism, hotspot equipment operators can receive HNT tokens based on Solana after providing coverage that is actually used by operators and users. Noble also agreed to continue using the Helium network after the transaction, which means that the acquisition is mainly a transfer of service operation rights rather than an adjustment to the underlying network mechanism.

According to data from Helium's official website, this "crowdsourced" cellular network currently has nearly 139,000 mobile hotspots. In recent years, the network has also been used by operators such as AT&T and Telefonica to fill coverage gaps or handle some traffic.

Daily active users exceed 2.6 million

According to Helium World dashboard data, the Helium network currently has over 2.6 million daily active users and daily revenue exceeding $47,000.

However, the price of HNT tokens has continued to weaken recently. Data in the article shows that HNT has fallen nearly 7% in the past 24 hours, with the latest price at approximately $0.64, and a cumulative drop of about 28% in the past 30 days.