According to ChainCatcher, Coindesk reported that the Ethereum-compatible blockchain IoTeX ecosystem optimized for DePIN received US$50 million in financing. This round of financing was participated by Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, EV3 and Waterdrip Capital.
The IoTeX team said the investment will drive growth and ecosystem adoption of DePIN by investing in long-term pledged IOTX, the DePIN token that governs and powers IoTeX DePIN, and investing in IoTeX-based DePIN alongside the IoTeX Foundation and the DePINsurf Accelerator Fund. project.
