DRF Token Launch: A New Era for Decentralized Ride-Hailing

The second season of Crypto’s Got Talent, organized by IoTeX, focuses on decentralized physical infrastructure networks (DePIN) that are revolutionizing real-world applications of blockchain and IoT. This season highlights startups that are innovating infrastructure through these technologies. The first season garnered nearly two hundred thousand impressions and successfully financed five initiatives in energy, drone delivery, and mapping. IoTeX aims to accelerate the global adoption of DePIN by tapping into untapped talent, serving as a bridge between advanced blockchain technology and intelligent real-world devices. DePIN, which stands for decentralized physical infrastructure networks, decentralizes tangible resources like WiFi hotspots, energy grids, and sensors. These assets are contributed by individuals worldwide, who are rewarded with tokens and shares in ownership. IoTeX provides the necessary infrastructure for this ecosystem, supporting over 50 DePIN projects on its blockchain. This platform ensures secure and efficient processing of real-world data from connected devices, making DePIN networks transparent, trustless, and scalable. Notable examples include Envirobloq, which monitors environmental data, and Drop Wireless, which enhances broadband connectivity using IoTeX. The introduction of IoTeX 2.0 marks a significant advancement in the DePIN ecosystem with its modular platform design. It enhances core functionalities such as identity management and off-chain computing, while W3bstream serves as a crucial tool that links IoT devices with smart contracts through zero-knowledge proofs. This integration not only lowers entry barriers but also fosters innovation, targeting mass adoption and simplifying interactions with physical devices. Furthermore, IoTeX envisions the fusion of AI with DePIN, enabling intelligent networks that enhance the autonomy and responsiveness of applications in healthcare, energy, and robotics, ultimately transforming the operational landscape of AI in the physical realm.

In Q2 2025, Filecoin experienced a notable increase in network utilization, which rose to 32% despite a 13% decline in total storage capacity. This reduction was attributed to provider churn and the expiration of existing allocations. The demand for large-scale storage remained robust, with the number of onboarded datasets growing by 3% quarter-over-quarter (QoQ) to 2,416, and 864 of these datasets exceeding 1,000 TiB in size. Additionally, daily new storage deals surged by 25% QoQ, reaching 3.5 PiB per day. The launch of Proof of Data Possession (PoDP) in May 2025 introduced lightweight verification of stored data, enhancing the network's capabilities and supporting high-speed data availability through a new hot-storage tier. The introduction of Avalanche’s cross-chain data bridge in Q2 2025 further expanded Filecoin's ecosystem, allowing data availability on Avalanche chains and broadening cross-chain use cases. Filecoin's marketplace for data services, built on the InterPlanetary File System (IPFS), operates on a market-driven model where users negotiate storage deals with providers. The network employs cryptographic proofs like Proof of Replication (PoRep) and Proof of Spacetime (PoSt) to ensure reliable data storage, rewarding providers with FIL tokens for their participation. However, the total data stored through active storage deals fell to 1,100 PiB, down 11% QoQ, reflecting a strategic shift towards high-value, enterprise-oriented workloads. Despite the decline in overall active storage volumes, the average daily new storage deals increased, indicating a growing interest in Filecoin's offerings. The Network v25 upgrade, deployed in April 2025, improved deal efficiency and prepared the network for Fast Finality (F3), which significantly reduced transaction finality times. Furthermore, the market cap of FIL decreased by 13.1% to $1.6 billion, driven by a 17% drop in token price. Nevertheless, the ecosystem showed resilience with the growth of USDFC, a FIL-backed stablecoin, which reached a market cap of $301,000, indicating deeper integration within the DeFi landscape. Overall, Q2 2025 highlighted Filecoin's ongoing expansion and adaptation in a competitive market.

The convergence of decentralized physical infrastructure networks (DePIN) and artificial intelligence (AI) is witnessing a significant transformation, particularly through strategic partnerships like that of IoTeX and 0G Network. As the need for verifiable real-world data and scalable infrastructure intensifies, these collaborations are foundational in ushering in a new era of Web3 innovation. The partnership exemplifies a forward-thinking approach, co-hosting "Crypto’s Got Talent Season 2" to identify and fund 25 DePIN startups, with six winners receiving milestone-based grants and ongoing support. This initiative builds on the success of Season 1, which funded projects in energy, mapping, and environmental data, showcasing a clear trajectory toward scaling real-world applications. IoTeX’s Quicksilver framework, which processed 1,700 daily requests in July 2025—a 70% increase from the previous month—demonstrates its expanding AI capabilities. This framework facilitates real-time AI applications by connecting DePIN devices with machine learning models, enabling autonomous decision-making in sectors like mobility and energy. Additionally, the Unify Protocol enhances the discovery and validation of physical-world data, crucial for AI systems that rely on trustless, real-time inputs. User-facing innovations such as ioPay’s binoAI democratize access to DePIN insights, allowing users to query on-chain data directly within their wallets, while multi-agent collaborations signify a shift toward autonomous AI networks. IoTeX’s strategic alliances with HashKey Exchange and Animoca Brands further solidify its position as a bridge between DePIN and institutional-grade infrastructure. The AI Ecosystem Center in Hong Kong, launched with HashKey, promotes regulated digital asset development and the tokenization of real-world assets, including EV charging station management via IoTeX’s blockchain. Furthermore, cross-chain expansions into Solana, Ethereum, and Base enable interoperable DePIN networks, aligning with broader industry trends. IoTeX’s recent funding round and increasing daily request volume for Quicksilver reflect strong investor confidence, making this partnership not just a collaboration but a blueprint for the future of DePIN and AI, addressing scalability, trust, and real-world applicability challenges.

On September 1st, 2025, IoTeX, a blockchain platform focused on Real-World AI, announced the launch of Season 2 of "Crypto's Got Talent" (CGT), a community-driven competition aimed at identifying and supporting promising DePIN projects. Sponsored by 0G Network, the largest Layer 1 blockchain designed for AI, this season aims to blend entertainment with ecosystem collaboration and funding to foster Web3 infrastructure adoption. Applications for the competition opened in August, with the live show set to begin on September 8. The event will consist of eight to nine episodes, culminating in a livestreamed finale where around 25 selected teams will compete for milestone-based grants, ultimately leading to six funded winners. The first season of CGT was a significant success, garnering nearly 200,000 impressions and close to 3,000 community votes. Five standout projects received grants and are now making strides in various sectors, including electric vehicle charging, 3D mapping, drone detection, environmental data, and on-chain finance. Jing Sun, co-founder of IoTeX, emphasized the program's goal of highlighting builders addressing real-world infrastructure challenges, and with the backing of 0G, Season 2 is expected to be even larger and more impactful. Season 2 will maintain the unique format of public pitch rounds, video demonstrations, and a final showcase to determine winners based on innovation, execution, and real-world impact. Michael Heinrich, Co-Founder and CEO of 0G, expressed pride in sponsoring CGT, aligning with their mission to empower builders in the AI and Web3 space. Together, IoTeX and 0G aim to support teams that are advancing decentralized infrastructure and real-world AI applications, paving the way for a democratized future of intelligence.

WeatherXM is revolutionizing the way weather data is collected and utilized by establishing a decentralized network that enhances accessibility and reliability. Traditional weather infrastructure has been centralized and costly, leading to inefficiencies and blind spots in data collection. WeatherXM aims to change this by allowing anyone to contribute to the network, thereby creating a self-sustaining ecosystem where data collection, demand, and token value are interlinked. This innovative approach not only benefits individual contributors but also society at large by providing more comprehensive weather data that can influence various sectors, including agriculture and energy. In the past year, WeatherXM has made significant strides in forming partnerships and deploying its technology globally. Collaborations with organizations like Esri and the Hydrometeorological and Environmental Industry Association have enhanced the visibility and credibility of WeatherXM’s data. These partnerships enable WeatherXM to integrate its data into widely used platforms, improving workflows in critical areas such as emergency response and agriculture. Additionally, collaborations with forecast providers like Spire Global and meteoblue have allowed WeatherXM to fill data gaps and improve the accuracy of weather forecasts, making it a recognized contributor to the global forecasting ecosystem. Looking ahead, WeatherXM is focused on scaling its operations and expanding its global footprint. The company is actively deploying its stations in regions with high climate risk but low data coverage, such as rural India and parts of Africa. Furthermore, WeatherXM is exploring integration into prediction markets, positioning itself as a trusted source for on-chain weather data. As the network grows, WeatherXM aims to create a robust ecosystem that not only meets the demands of traditional industries but also embraces decentralized finance (DeFi) and innovative financial products. This holistic approach ensures that WeatherXM remains at the forefront of weather data solutions, unlocking new opportunities in climate risk management and parametric insurance.

IoTeX has officially announced the launch of Crypto’s Got Talent (CGT) Season 2, a competition aimed at showcasing and funding high-potential decentralized physical infrastructure network (DePIN) projects. Sponsored by 0G Network, this season is set to kick off on September 8, featuring 25 teams competing across eight to nine episodes. The previous season garnered nearly 200,000 impressions and successfully supported five innovative projects spanning various sectors, including energy, mapping, drone technology, environmental data, and finance. The CGT competition is designed to blend entertainment with ecosystem collaboration and real funding opportunities to foster Web3 adoption. Applications for the competition opened in August, and the event will culminate in a live finale. The selected teams will compete for milestone-based grants, with six winners receiving funding. Additionally, the program will provide 4-6 months of post-competition support to help projects scale and achieve measurable outcomes. Jing Sun, co-founder of IoTeX, emphasized the need for innovative DePIN projects and expressed confidence that Season 2 will be larger and more impactful. Michael Heinrich, CEO of 0G Network, expressed pride in sponsoring the CGT competition, highlighting its alignment with their mission to empower AI and Web3 builders. IoTeX, founded in 2017, currently supports over 100 projects and 40 million devices across various sectors, including mobility, robotics, energy, and health. The platform's infrastructure enables access to verified real-time physical world data, which is crucial for AI systems and decentralized finance (DeFi) applications. Furthermore, IoTeX has been officially listed on CF Benchmarks, allowing banks and asset managers to create regulated products with IOTX.