The partnership between IoTeX and Nodle opens the way for far
more interoperability and, an increased pool of users, while
driving demand for DePIN projects, while also increasing the supply
side by providing more infrastructure modularity.
SAN
FRANCISCO, May 23, 2024 /PRNewswire-PRWeb/ -- IoTeX,
a DePIN modular Web3 infrastructure platform connecting smart
devices and real-world data to blockchains, announces its
partnership with Nodle (NODL), a DePIN network that connects the
physical world to Web3 by using smartphones as edge nodes,
onboarding 780,000 mobile devices into the DePIN Ecosystem while
bringing greater interoperability and adoption into the DePIN
vertical.
"We are thrilled to announce our
partnership with Nodle, which marks a significant milestone in our
journey towards bringing DePIN to the masses."
Jing Sun, Co-Founder and Head of Investment of IoTeX, said "We
are thrilled to announce our partnership with Nodle, which marks a
significant milestone in our journey towards bringing DePIN to the
masses. By leveraging Nodle's extensive network of smartphones, we
aim to enhance the robustness and redundancy of
decentralized computing, bringing us closer to
realizing the full potential of Web3. This collaboration is a
testament to our commitment to fostering innovation and driving the
adoption of cutting-edge solutions in DePIN."
Garrett Kinsman, Co-founder of
Nodle, said "IoTeX is one of the early innovators in DePIN and we
are excited to collaborate to bring the next generation of Web3
apps to billions of smartphone users and enterprise customers. In
recent months, we've launched Web3 apps in asset tracking and
photography. Partnering with IoTeX will help us bring these apps to
a wider global audience and demonstrate what's possible through the
DePIN ecosystem."
This partnership between IoTeX and Nodle, which will be rolled
out in phases and is set to enhance the DePIN ecosystem through
various initiatives. In phase one, Nodle has integrated its device
network map with DePINscan making Nodle the largest and fastest
growing DePIN project on the IoTeX platform with over 780,000
mobile devices. DePINscan, which launched in August, has become a
leading source for DePIN intel, hosting over 40 DePIN projects with
a combined market cap of $40
billion.
Previously, IoTeX introduced a new liquidity hub on the Mimo
DEX, tailored for DePIN projects. The hub has seen about
$800k of liquidity for the tokens of
the 9 DePIN Liquidity Hub launch partners. The integration of Nodle
and other large DePIN projects is expected to increase these
figures, enhancing composability and ease of use between the two
ecosystems.
The IoTeX and Nodle teams are also piloting an integration with
W3bstream, a DePIN Rollup layer that scales off-chain data
processing for DePIN projects. This will allow Nodle to scale its
raw data messages and leverage its Ethereum Layer 2
for on-chain transactions, fostering scalability and efficiency
within the DePIN ecosystem. This collaboration is also
strengthening interoperability within the DePIN ecosystem, allowing
for more efficient collaboration and resource sharing among various
DePIN projects.
To learn more about the partnership, please visit this link.
For media inquiries, please contact Phil
LeRoy at (310) 260-7901 or Phil(at)MelrosePR(dot)com
About IoTeX
IoTeX is DePIN's modular Web3 infrastructure platform connecting
smart devices and real-world data to blockchains. It empowers
developers to integrate Web3 into everyday life through innovations
in connected vehicles, city mapping, green energy initiatives,
super-charged fitness platforms, environmental data tracking,
proof-of-presence applications, proof of humanity, and more. With
the launch of W3bstream, the world's first zk off-chain compute
framework for smart devices and real-world data, IoTeX has become
the leading Decentralized Physical Infrastructure
Network (DePIN) technology provider, enabling vertical innovations
for machines, humans, businesses, and dApps to
interact with trust and privacy. 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.
Website | Twitter | Developer Twitter | Developer Portal | Discord
| YouTube | DePINScan
About Nodle:
Nodle is a digital trust network for social good that connects the
world by using smartphones as nodes to create a DePIN for
real-world use cases. This network is decentralized,
private, secure and scalable, making it perfect for digital
witnesses, smart missions and micro-transactions. With its
proprietary ContentSign technology and global reach in 193
countries, Nodle empowers developers to build unique applications
for things like sourcing trusted digital content, locating assets
or accessing remote sensors. For example, Nodle recently launched
the Click camera app to establish proof of provenance for media and
certify the authenticity of user-generated content. Anyone with a
smartphone can join the Nodle network today. Download Nodle on iOS
or Android and visit us at nodle.com.
Media Contact
Phil LeRoy, IoTeX, (310)
260-7901, phil@melrosepr.com, https://iotex.io/
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SOURCE IoTeX