IoTeX is a company that develops blockchain technology for the Internet of Things (IoT). They offer a Layer 1 blockchain platform optimized for real-world applications and DePINs (Decentralized Physical Infrastructure Networks).

IoTeX

IoTeX is DePIN's only modular infrastructure platform connecting smart devices and real-world data to blockchains. IoTeX's middleware solution W3bstream provides the computation and verification of real-world data, bringing it on-chain while offering the modularity and customizability builders need to facilitate mass adoption. As the leading provider of DePIN infrastructure, IoTeX facilitates new rewards from devices and on/off-chain activity for users, turns personal devices into communal economies, and tokenizes the "data of everything." Backed by a global team of 60+ research scientists and engineers, IoTeX combines its EVM-compatible L1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines and sensors, and dApps across the physical and digital world.

Einsvill Labs

Mukul Agarwal

VistaLabs

NewBuild Venture Capital

Xoogler

ZMT Capital

AlphaGrep

DHVC

Escape Velocity

Goodwater Capital

Hanwha

Jump Crypto

Struck Crypto

NGC Ventures

8 Decimal Capital

AU21 Capital

IOSG Ventures

Kenzi Wang

Kosmos Ventures

BlockVC

Founder Friendly Labs

Hashkey

🚀 Exciting news! Fuzzland is partnering with @iotex_io to bring our advanced security solutions to the IoTeX Network. This integration strengthens IoTeX’s mission as the leading DePIN layer 1 protocol, offering 24/7 on-chain monitoring, real-time alerts, and attack prevention. Together, we're empowering IoTeX projects and users to explore new horizons in decentralized infrastructure and applications with confidence. Read more on our blog and secure your future with Fuzzland! 🌐🔒 https://hubs.ly/Q02LtlH70

Bridged USDC Standard from Circle is now LIVE on the IoTeX Network. Welcome $USDC.e 🪙

This deployment unlocks enhanced compatibility for builders and seamless transactions for users, making $USDC.e a powerful addition to the IoTeX stablecoin landscape.

The deployment of $USDC.e also paves the way for a future upgrade to native $USDC on IoTeX.

Why it matters for DePIN:

Stablecoins like $USDC.e provide store of value, simplified settlement for payments and commerce, and a reliable way for both users and machines to transact – all vital ingredients for #DePIN's growth and user adoption.

https://lnkd.in/evRgXEqp

IPFS and Filecoin Foundation is now the preferred storage primitive of IoTeX’s modular DePIN infrastructure. 

With 2900+ storage nodes around 40 countries, any DePIN project building with our infra is able to access the powerful Filecoin network via services such as Lighthouse.storage or Web3.Storage.

Why is storage important for DePIN?

DePIN's Storage Module is crucial for handling large datasets generated by various projects. 

This data can be media files, sensor readings, or AI outputs, and can be shared with authorized parties through secure storage APIs. 

Decentralized storage = powerful benefits. 

Many IoT devices have limited storage capacity. 

Decentralized storage like Filecoin solves this by allowing secure storage & retrieval near the device itself. 

DePIN applications can even reward data and device owners for their contributions. 

IoTeX 2.0's modular infrastructure requires configuration for provers & DePIN Infrastructure Modules (DIMs). 

Filecoin's IPFS protocol enables verifiable storage & retrieval of these configurations, making them publicly accessible for faster bootstrapping of other DePIN projects.

For IoTeX 2.0, Filecoin is contributing to the most robust and highest quality DePIN infra helping DePINs go-to-market in a fraction of the time.

Together we are fostering interoperability & composability within DePIN, creating a global hub for device-generated data that can be shared & utilized by any application.

Read more: https://lnkd.in/eait7fyK

IoTeX 2.0 is here.

Read the new whitepaper: iotex.io/2.0

Today we unveil our new vision upgrading the IoTeX L1 blockchain into an open Modular Infrastructure for all DePINs. 

The new whitepaper provides a comprehensive tech stack including composable modules and a unified trust layer to accelerate DePIN adoption. 

All underpinned by our new tokenomics design that links together the interconnected set of DePIN Dapps, L2 chains, modules, and devices. 

IoTeX 2.0 is embarking on a new roadmap to onboard 100 million devices and unlock trillions of dollars in real-world value on chain within the next 3-5 years. 

Realizing IoTeX’s mission of “DePIN for Everyone”.

"At IoTeX, we firmly believe small teams with big hearts should have full support to build impactful DePINs. Because together, we can make more. That is the foundation of IoTeX's 2.0 mission to democratize DePIN for everyone." - Raullen Chai, CEO & Cofounder of IoTeX

https://lnkd.in/esihcER5

IoTeX 2.0 is Modular. 

Choose your DePIN build. 

IoTeX 2.0 launches with key partners, including NEAR Protocol for data availability, Filecoin Foundation network for storage, RISC Zero for zero knowledge-powered compute and Espresso labs for sequencing to make building in DePIN more accessible. 

Other technology contributors include OKX with a wallet integration, Axelar Network for bridging, The Graph for indexing, Streamr Network for connectivity, and Irys as the provenance layer.

Read the full 2.0 launch news on Cointelegraph.

#DePIN #cryptonews #IoTeX #IOTX

https://lnkd.in/eait7fyK

The power of zero-knowledge tech for DePIN verification is indisputable – that's why the IoTeX research team continues to push it forward.

Head of Research Xinxin Fan, Ph.D., CISSP's recent paper makes a breakthrough in DePIN device registration, ensuring sensitive device info remains confidential with ZKPs.

"Towards Credential-based Device Registration in DApps for DePINs with ZKPs" will be presented at the prestigious SPB 2024 symposium.

Congrats Xinxin!

Read more below.

See how artificial intelligence is redefining the capabilities of blockchain for smarter solutions in 'DePIN & AI: Building Smarter, Safer Blockchain Networks' 

Panelists:
Jeremy Hazan - Biz Ops Lead Hyperbolic (Mod)
Aaron Basi- Head of Product IoTeX
Kony Kwong - CEO GAIB AI
Yannik Schrade - Cofounder/CEO Arcium
 

'Path to dAGI' Summit at EthCC 
📅: Thu, July 11 | 10-5 PM
🎟️: https://lu.ma/0G-EthCC

Decentralized Physical Infrastructure Networks: A Modular Infrastructure Thesis.

DePIN has emerged as the killer use-case of crypto.

It enables communities to own and operate everyday infrastructure like energy grids or internet, rivaling centralized companies.

However, DePIN is still early. 

Startups in this space often lack resources and technical expertise, hindering their ability to bring ideas to life. 

Many existing projects aren't truly decentralized.

By breaking down the DePIN tech stack into smaller, manageable modules, this model can help startups launch faster and collaborate more effectively. 

Ultimately, this approach aims to achieve the original #DePIN vision: infrastructure owned and operated by the communities it serves.

Read the full report by IoTeX Research below. ↓
https://lnkd.in/e4gsTA9M

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IOTE

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IoTeX