IoTeX releases 2.0 white paper, IOTX market value rises by more than 40% in the week
On July 18, IoTeX released the 2.0 white paper in the early hours of yesterday morning, officially starting the strategic upgrade from Layer 1 public chain to the first "DePIN modular open platform". Influenced by this news, IoTeX's market value increased to US$500 million during the week, an increase of more than 40%.
This upgrade will modularize the original single chain to form a more cost-effective and efficient deployment and development solution for the DePIN project, aiming to accelerate the innovation efficiency and large-scale adoption of the DePIN industry.
IoTeX's open platform strategy has been supported by many well-known institutions and projects, including Escape Velocity, 1kx, 6th Man Ventures, DWF Labs, SNZ Capital, Foresight Ventures, Pantera Capital, Filecoin, NEAR, FutureMoney Group, RISC0, Helium, etc.
