IoTeX introduces modularity security pool and DePIN
infrastructure modules to make DePIN more accessible for
builders.
SAN
FRANCISCO, July 17, 2024 /PRNewswire-PRWeb/ -- IoTeX,
a DePIN modular Web3 infrastructure platform connecting smart
devices and real-world data to blockchains, launches 2.0 with key
partners, including NEAR for data availability, Filecoin network
for storage, RISC Zero for zero knowledge-powered compute and
Espresso for sequencing to make building in
Decentralized Physical Infrastructure Networks (DePIN)
more accessible. Other technology contributors include OKX with a
wallet integration, Axelar for bridging, The Graph for indexing,
Streamr for connectivity, and Irys as the provenance layer.
"We're excited to bring IoTeX 2.0 to
developers around the globe as an infrastructure that democratizes
access to building in this fast-growing sector. 2.0 enables
builders to develop at an unprecedented pace by reducing initial
capital costs and resources needed for going to market."
IoTeX 2.0 introduces DePIN Infrastructure Modules (DIMs) that
significantly reduce development time, initial costs, and resources
needed for DePIN applications. The introduction of Modularity
Security Pool (MSP) enables DePIN layer-1s to restake their
Proof-of-Stake security to DIMs, fueling growth and fostering
sustainability within the ecosystem. Projects can then gain
immediate exposure, liquidity, and verification as they evolve. As
they mature, DePIN projects can transition to their own
DePIN-specific L2, achieving true sovereignty.
Raullen Chai, Co-Founder and CEO of IoTeX, said, "We're excited
to bring IoTeX 2.0 to developers around the globe as an
infrastructure that democratizes access to building in this
fast-growing sector. 2.0 enables builders to develop at an
unprecedented pace by reducing initial capital costs and resources
needed for going to market. IoTeX 2.0 ultimately paves the way to
the creation of the largest decentralized hub for
devices and data that will be deployed by both humans and AI
agents."
"The DePIN movement is re-architecting the Internet's physical
and digital backbone, with decentralized storage
networks playing a pivotal role in securing the future of our
data," said Clara Tsao, a Founding
Officer of Filecoin Foundation. "IoTeX 2.0's integration with the
Filecoin network will provide enhanced verifiability, resilience,
and accessibility for users."
Jill Gunter, CSO at ESPRESSO,
shared, "At Espresso, we're dedicated to providing a scalable,
reliable, and neutral infrastructure for rollups. DePIN projects
utilizing Espresso's sequencing infrastructure will benefit from
scale, speed, and decentralization that their users expect. We're
excited to collaborate with the IoTeX team to make this vision a
reality by introducing the first-ever sequencing layer for DePIN
data, promoting scalability and innovation in the DePIN space as a
whole."
Jeremy, CEO and co-founder of RISC0, shared, "Verifiable
off-chain computing is crucial for DePIN's success, and RISC Zero
fills this gap. Together, RISC Zero and IoTeX will enhance the
developer experience, enabling scalable and trustless DePIN
projects."
By aggregating the real-time real-world data across thousands of
DePIN networks, IoTeX will be the hub of data source to develop a
more efficient data-processing system and to culminate in a
superintelligent AI, which will dramatically transform the decision
making process for human society in future.
To learn more about IoTeX, 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.
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SOURCE IoTeX