IoTeX ecosystem invested 50 million USD by SNZ Capital, Foresight Ventures and other organizations
đ IoTeX, a DePIN modular Web3 infrastructure platform connecting smart devices and real-world data to blockchain, just announced a $50 million investment in the ecosystem. SNZ Capital, Foresight Ventures, Borderless Capital, Amber Group, FutureMoneyGroup, Metrics Ventures, EV3, Waterdrip Capital and others have participated in investing in the IoTex ecosystem to accelerate the growth and adoption of DePIN.
âĄïž The 50 million USD investment will go towards accelerating the growth and adoption of DePIN through an investment in $IOTX long-term staking, the DePIN governance token and promoting the IoTeX DePIN ecosystem as well as investing in DePIN projects building on IoTeX with the IoTeX Foundation and the DePINsurf accelerator.
âĄïž IoTeX's focus is expanding into AI, energy, mobility and more. IoTeX promises to usher in a new era of development and innovation in the DePIN space.
Discussion at Addiction Trading đ