IoTeX: A new IoT infrastructure under the DePIN narrative
Written by: FMResearch
introduction
Combining it with the real world has always been the direction of blockchain application efforts. Since this year, against the background of the strengthening of the US dollar, RWA has opened up the channel between traditional finance and encrypted finance, becoming one of the few outstanding sectors in the bear market. DePIN, as a branch of RWA, has been gaining traction recently. DePIN stands for Decentralized Physical Infrastructure Networks. Messari defined this new concept in the DePIN research report released in 2022. Messari believes that DePIN is "one of the most important areas of crypto investment in the next ten years."