Latest IoTeX News

OKX, a leading cryptocurrency exchange, has integrated the DePIN modular platform from IoTeX into its wallet, allowing users to manage IoTeX L1 chain assets and interact with on-chain apps. With over 50 million wallet users, this integration is expected to significantly boost traffic to the IoTeX ecosystem and DePIN. Following the upgrade to IoTeX 2.0, the ecosystem has expanded through modular infrastructure. A strategic alliance with TON aims to bring 950 million TG users to DePIN, while a collaboration with Filecoin further elaborates on the modular integration strategy. IoTeX's CEO emphasizes the importance of modularization for large-scale adoption and building an open, cross-ecological DePIN ecosystem that bridges the real world with Web3.

OKX Wallet, a part of the leading Web3 technology company OKX, has introduced support for IoTeX, expanding its compatibility to over 100 blockchains. IoTeX, a Layer 1 network, is recognized for its modular infrastructure that serves Decentralized Physical Infrastructure Networks (DePIN) projects, allowing for seamless asset management and transfer of IOTX assets within the OKX Wallet. This integration follows the addition of TON, showcasing the wallet's commitment to inclusivity and user accessibility in the Web3 ecosystem. OKX, a global crypto exchange, is dedicated to providing a secure and innovative platform for crypto traders, with educational resources and transparency measures like monthly Proof of Reserves publications.

According to @intotheblock, DePIN (Decentralized Physical Infrastructure Networks) is emerging as a significant narrative in the current cryptocurrency cycle, boasting a market cap of over $20 billion. The focus is particularly on IoTeX (@iotex_io), a layer 1 blockchain that is optimized for DePIN projects. Traders should keep an eye on IoTeX as it plays a pivotal role in this growing sector. (Source)

The Pebble Tracker by IoTeX is an innovative blockchain-powered IoT device that offers real-time data capture for various applications. With its user-friendly setup and integration into the MachineFi ecosystem, users can monetize their data securely. The device captures data on location, climate, motion, and light, providing versatile solutions for logistics, environmental monitoring, fitness, and security. Blockchain technology ensures secure and verifiable data capture, while real-time data analysis opens up possibilities for timely decision-making. The Pebble Tracker's versatility makes it suitable for both personal and industrial applications, unlocking its full potential in various sectors.

The DePIN Association has officially formed, uniting ten organizations to advance decentralized physical infrastructure networks. Founding members include Acurast, peaq, DePINHub, PowerLedger, U2U Network, POKT Network, SafeJunction, IoTeX, and Geodnet, each contributing to a connected, decentralized world vision. The association aims to foster innovation, set industry standards, and promote decentralized infrastructure networks using blockchain for transparency, security, and efficiency. Initiatives include standardization, R&D support, education, and events.

Binance will suspend deposits and withdrawals of IoTeX (IOTX) tokens for a network upgrade and hard fork starting on July 21, 2024, at 23:00 (UTC). The upgrade will occur at block height 31,174,201 around July 22, 2024, at 00:05 (UTC). Trading will not be affected, and Binance will manage all technical aspects. Deposits and withdrawals will resume once the network is stable.

IoTeX has upgraded its Layer 1 blockchain into an open Modular Infrastructure for all DePINs, introducing DePIN Infrastructure Modules (DIMs) and Modularity Security Pool (MSP) to make DePIN more accessible for builders. The 2.0 whitepaper provides a tech stack with composable modules and a unified trust layer to accelerate DePIN adoption, aiming to onboard 100 million devices and unlock trillions of dollars in real-world value on chain within the next 3-5 years. Key partners include NEAR, Filecoin, RISC Zero, and Espresso. By aggregating real-time data across DePIN networks, IoTeX aims to develop a superintelligent AI to transform decision-making processes for society.

IoTeX, a modular Web3 infrastructure, has announced the launch of IoTeX 2.0, which aims to connect real-world data and smart devices to blockchains. The launch is supported by various partners including Near, Filecoin, RISC Zero, and Espresso. Decentralized physical infrastructure networks (DePINs) have the potential to transform applications such as wireless services and smart home technologies. The DePIN sector is expected to reach a market value of $3.5 trillion by 2028. IoTeX 2.0 adopts a modular approach to simplify the development process, making it easier to launch new DePIN applications. The launch features partners like ChainML for AI integration, OKX for wallet solutions, and The Graph for indexing. IoTeX 2.0 also introduces the Modularity Security Pool (MSP) to promote growth and sustainability within the ecosystem. The project aims to lower barriers to entry and stimulate innovation, allowing a broader range of participants to engage with the technology.

Coin98 has incorporated IoTeX Network into its platform, highlighting the growing interest in Decentralized Physical Infrastructure Networks (DePIN). IoTeX is a modular Web3 infrastructure platform that links smart devices and real-world data to blockchain, enhancing user experience for exploring Web3 opportunities through Coin98's Super Wallet and Extension. The integration facilitates token exchanges and interaction with decentralized applications on IoTeX, while also providing access to innovative DePIN technologies. With the upcoming IoTeX 2.0 release, users anticipate an improved user experience and more opportunities in the evolving Web3 landscape.

Decentralized physical infrastructure networks, or DePINs, are rapidly expanding in the blockchain industry. With over 1300 projects and growing, DePINs are transforming various sectors by incentivizing individuals to contribute resources and data. From health tracking rings to WiFi hotspots, browser extensions, and vehicle monitoring devices, DePINs offer innovative ways for users to earn rewards while providing valuable services and data. The new generation of DePINs is focusing on demand-led growth, lowering barriers to entry for contributors, leveraging speculation, and maintaining centralized control during the early stages of development. Projects like Spexi, Natix, and 3DOS are examples of how DePINs are evolving to build sustainable and impactful networks. As the DePIN industry continues to mature, we can expect even more innovation and positive real-world impact from these decentralized infrastructure projects.