IoTeX, the pioneering DePIN modular Web3 infrastructure platform, has received a significant boost with a $50 million injection from major investors including SNZ Capital, Foresight Ventures, and Borderless Capital. This substantial investment is poised to propel the growth and adoption of IoTeX's ecosystem and its native token, $IOTX.
The diverse portfolio of investors underscores the confidence in IoTeX's vision and the potential of the DePIN ecosystem. Notable backers like SNZ Capital and Foresight Ventures highlight their excitement about supporting the advancement of DePIN projects and anticipate extraordinary growth in the industry.
IoTeX's Co-Founder, Jing Sun, emphasizes the platform's potential for startups to innovate within the DePIN ecosystem, leveraging real-world data onto blockchains. The modular infrastructure provided by IoTeX fosters rapid growth for projects within its ecosystem, with the investment acting as a catalyst for further development.
Borderless Capital and Amber Group, stalwart champions of innovation, pledge unwavering support to propel DePIN projects forward in tandem with IoTeX. Waterdrip Capital, recognizing IoTeX's pioneering spirit and groundbreaking technology, eagerly anticipates a fruitful partnership in sculpting a groundbreaking future in the DePIN landscape.
At the heart of IoTeX's ethos lies the seamless integration of smart devices and tangible data into the blockchain realm, empowering developers to usher in the Web3 era across diverse domains. With a formidable team of over 60 trailblazing researchers and engineers, IoTeX stands poised to lead the charge in revolutionizing connected vehicles, sustainable energy endeavors, fitness ecosystems, environmental monitoring solutions, proof-of-presence innovations, and beyond.
As IoTeX's influence transcends borders and boundaries, the influx of investments stands as a beacon of its boundless potential to redefine the nexus of physical and digital realms.