Today we are going to talk about a 17-year-old project called iotex. As a long-established first-generation super infrastructure, it has never stopped its pace. I remember that when we first started talking about it, we were always focusing on the Internet of Things!
It has evolved from Layer 1 blockchain to a new modular infrastructure. Based on its own advantages and combined with the current market hotspot, it has officially entered the application era of AI+DePIN.
In this round, the track with the most outstanding overall performance is AI. There are not many narratives that can be hyped in the current market, such as ETFs, memes, AI and RWA in local market conditions.
Currently, the concept of AI+DePIN is being integrated into everything, and many underlying technological innovations are moving towards this track. There is a strong hype trend and it is likely to take over the role of the previous round of DeFi Summer!
At present, the combination of AI and Depin has applications in various sub-sectors, which basically include three cores: data, computing power and algorithms - such as AI Agent, decentralized computing power, oracles, ZKML and data. These are all areas that can be assetized first and explode rapidly.
Since its establishment in 2017, oTeX has always been inclined to the combination of physical devices and their data with blockchain technology. From payment and ledger to the current AI+DePIN open platform with multiple modules including hardware abstraction, off-chain computing, data availability, etc., it has also accumulated two cycles. Perhaps it is just waiting for a blockbuster!
IoTeX is not a plug-in, but a complete solution. It is a modular infrastructure with the ability to build Depin for three reasons:
1. The public chain is compatible with EVM, with high speed and low gas.
2. Created off-chain computing middleware for the DePIN project to verify and process device data.
3. An open source hardware kit with SDK and API allows hardware to interact directly with smart contracts without relying on third parties.
The upgrade goal of IoTeX 2.0 is to simplify it. Through the modular and composable solutions of IoTeX 2.0, teams of any size can develop and deploy at the lowest cost and fastest speed.
The core of the AI+DePIN model is to use token incentives and flywheel effect to connect scattered demands and idle physical resources to meet the demands with lower costs and higher efficiency.
After years of development, DePIN, as a bridge connecting physical world devices and Web3, has a more solid foundation today. If NVIDIA is the foundation for building traditional AI and DEPIN, then IoTeX 2.0 is the key to unlocking AI+DEPIN in the Web3 field, and its mission is to build the largest real-world open data center!
Imagine that in this promising track for decades to come, IoTeX will connect billions of smart devices, machines, and sensors to provide seamless integration and interaction for dApps in the real and digital worlds!
Finally, there is cognitive bias. Investment depends on individuals. Mistakes in cognition will lead to mistakes in investment. The views I share only represent my personal views!
