Latest IoTeX W3bstream News

IoTeX and GEODNET have announced an innovative collaboration aimed at enhancing the verifiability of Decentralized Physical Infrastructure Network (DePIN) devices. This partnership focuses on the integration of GEODNET's new GEO-PULSE device with IoTeX's ioID for on-chain device identity and W3bstream for zero-knowledge proofs. The collaboration is designed to ensure that devices within a DePIN can be independently verified for authenticity and operational integrity, thereby fostering trust and increasing demand for DePIN networks. The GEO-PULSE device will be able to register on-chain, sign data for provenance, and demonstrate its real-world activity, making it a significant advancement in the field of verifiable devices. The GEO-PULSE device, touted as the world's most accurate car navigation tool, offers a remarkable improvement in lane-level positioning accuracy compared to traditional GPS systems. This device not only benefits consumers but also provides commercial operators and web3 enthusiasts with the opportunity to earn rewards through its integration with the GEODNET network. Users can earn $GEOD tokens by completing tasks on the network, and those who register their devices with an ioID will also qualify for a share of $100,000 worth of $IOTX tokens. This initiative aims to incentivize user participation and promote the adoption of verifiable technologies in the DePIN sector. The collaboration between IoTeX and GEODNET is set to revolutionize the DePIN landscape by establishing a seamless integration of their technologies. Users can easily create a decentralized identity for their GEO-PULSE device through the GEODNET mobile app, which will then interact with IoTeX's blockchain for verification. This process includes the generation of zero-knowledge proofs to validate the device's liveness, location, and movement. As the GEO-PULSE devices roll out in January, a comprehensive onboarding guide will be provided to assist users in maximizing their participation in this transformative initiative, ultimately contributing to a more verifiable and trustworthy DePIN ecosystem.

DePIN company IoTeX has launched its Solana Bridge, aiming to enhance interoperability between the IoTeX and Solana ecosystems. This bridge, leveraging IoTube Bridge Architecture, enables asset transfers and data sharing, fostering collaboration and broader engagement. With a recent funding round of $50 million, IoTeX is focused on accelerating ecosystem growth, following previous initiatives like W3bstream and ioTube to strengthen its position in the DePIN sector. **How Solana Bridge Works** The Solana Bridge by IoTeX connects the two major DePIN platforms, facilitating cross-chain transfers and expanding the reach of Solana DePIN projects. Utilizing IoTube Bridge Architecture, the bridge ensures secure transactions through a two-thirds witness signature consensus mechanism. It supports elliptic curve signatures for different transfers, enhancing interoperability and accessibility for both ecosystems. **Previous DePIN Projects** IoTeX's latest development, the Solana Bridge, builds on the integration of W3bstream into the Solana ecosystem. W3bstream, a Layer-2 protocol for decentralized data processing, enhances scalability and performance by offloading data processing from the main blockchain. With a focus on data integrity and trust, W3bstream is valuable for applications like supply chain management and IoT, reinforcing IoTeX's role as a central platform for DePIN and expanding its ecosystem.

The DePIN-EdgeAI protocol, Network3’s mining machine, N3 Edge V1, has gained significant traction with over 1,800 devices already on-chain. Following the rapid sellout of the initial batch of 3,000 devices on August 20, these devices are now operational in 185 countries. Network3's N3 Edge V1 marks a shift in the AI industry by promoting fairness and competitiveness, moving away from energy-intensive and specialized hardware typically associated with mining. This device encourages broader participation in crypto-mining by enabling everyday users to mine tokens using simple devices like smartphones or computers. Users of N3 Edge can earn rewards by sharing internet bandwidth, providing computational power, and contributing data from their devices. These contributions are converted into utility tokens, supporting network activities and on-chain operations. Network3's successful launch of N3 Edge signifies a significant step towards a more equitable digital economy and a technologically advanced decentralized future. **A Privacy And Performance Focused Dual Mining Machine** Network3's physical mining device, N3 Edge V1, stands out for its ability to mine IoTeX and Network3's native tokens simultaneously. This innovative machine allows users to enhance their N3E credit points and earn financial incentives, providing improved monetization opportunities. N3 Edge is a lightweight yet powerful mining device that seamlessly integrates with IoTeX's infrastructure, including W3bstream and ioID. Users can easily set up their N3 Edge devices by connecting to a power source and start mining two types of tokens. By combining DePIN and Edge AI in the mining machine, Network3 ensures that local data from edge devices is readily accessible. N3 Edge functions as a personalized cloud service, emphasizing privacy and decentralization. Users can host and manage their clouds at home with N3 Edge, reducing latency and enhancing control over data privacy. This device enables anyone to integrate Edge V1 into an existing network and compete directly with Tier 1 systems, offering a new dimension to personal cloud computing and AI training landscape. **Expanding Monetization Opportunities in Crypto x AI With N3 Edge V1** Priced at around $900, N3 Edge V1 boasts an estimated daily earning of $7.5, with a breakeven period of 120 days or 4 months. Network3's N3 Edge emerges as one of the most profitable DePIN devices in terms of Return on Investment (ROI), ranking first in daily earnings and third in total return speed on DePINscan. Beyond its financial performance, N3 Edge has become one of the pioneering DePIN protocols to fully integrate into DePINscan's expanded on-chain metrics. Users of N3 Edge can diversify their revenue streams and create new income sources by leveraging their home IoT devices, paving the way for novel approaches in decentralized data processing for the AI industry.

Network3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. N3 Edge V1 is a dual mining machine that can mine Network3’s native token and IoTeX tokens. The physical mining machine enables users to boost their Network3 rewards by mining two types of tokens. These devices integrate IoTeX’s infrastructure like the decentralized W3bstream and ioID to provide device identity and DePIN verification, leveraging IoTeX’s advanced ZK and off chain computing technology with its modularity tech stack. The N3 Edge is more powerful than other personal devices that people use for mining tokens. Additionally, it is lightweight and has high processing power, helping users to efficiently and seamlessly mint two tokens. Most importantly, N3 Edge is very easy to set up. Users have to connect to a power source, connect the device to the internet, login, and start mining. Network3 aims to democratize the AI industry by decentralized model training and data processing in exchange for tokenized rewards. The successful launch of Network3’s dual mining machine, N3 Edge, is a step forward towards realizing a more equitable and decentralized future.