w3bstream will become the trusted standard for the entire #depin field, integrating w3bstream will grant you a ticket on the aircraft carrier of DePIN!
1️⃣ Project Positioning 📌
#DePIN is currently the fastest-growing track in the narrative of combining on-chain and off-chain, already involving fields such as the Internet of Vehicles, telecommunications, energy, and transportation, with several major players ranking in the top 50 on CMC. While DePIN is racing ahead, it also faces trust issues such as node fraud, data tampering, and opaque token distribution.
Due to the above issues, many investors are hesitant to participate, causing the development of DePIN projects to stagnate.
#iotex , based on years of technical accumulation, has developed a multi-chain computing protocol #w3bstream for DePIN devices. w3bstream can be understood as a decentralized, shared, and neutral off-chain verification protocol that provides validity proof on-chain and then rewards tokens on-chain. By integrating #zk, it will also protect data privacy.
w3bstream is committed to becoming the trusted standard in all DePIN fields. Only data verified by w3bstream is credible, allowing investors to trust DePIN projects through their trust in w3bstream.
2️⃣ Protocol Development 🌸
On DePINScan, you can see that there are already 41 DePIN projects with nearly 3.4 million devices integrated with w3bstream. Among them are well-known projects like Helium, Hivemapper, DIMO, Filecoin, Akash, Theta, and Network3.
In terms of total protected value, the value of DePIN projects verified by #w3bstream has reached 5b, accounting for 21% of the total market cap of DePIN!
w3bstream will officially launch soon! With token incentives, it is expected to capture a significant portion of the market share in the DePIN field.
3️⃣ Economic Model 💰
w3bstream will join IoTeX 2.0 as DIM (DePIN Infrastructure Module).
In the future, DePIN projects using w3bstream will need to pay service fees, which will be priced in $IOTX tokens.
If w3bstream can capture more than half of the DePIN market share in the future, it will help #IoTeX rise to another level, gaining a ticket in the entire crypto field. 🚀
DePIN faces many challenges to develop rapidly! For example, the team needs to customize hardware, face issues such as device identity management, data calculation, storage, and token distribution, which is extremely unfriendly to small teams. So IoTeX launched 2.0 to solve the above problems, so that#DePINcan be launched as quickly as DeFi and NFT.
We know the problems faced by #depin , so how does 2.0 solve this problem? IoTeX proposed the concept of modular security pool (MSP), DIMs (DePIN modular infrastructure) can pledge tokens to participate in MSP to obtain the decentralization and security of IoTeX L1. What will happen? A small team of DePIN project can develop rapidly!#DIMsis built by IoTeX and third-party teams to provide services for DePIN projects and users. For example, mainstream DIMs include ioID (device identity), w3bstream (off-chain computing), Streamr (connection), Filecoin (storage), nuffle (DA layer), RISC Zero (privacy computing), etc. The DePIN project can directly use the modules it needs, without spending a lot of time and money to build a decentralized infrastructure. It can quickly try and find a feasible route. For the first time, DePIN has achieved composability and parallel development.
2️⃣ Where is#IoTeXgoing 🛤️
Everyone is looking forward to the emergence of a super narrative that will drive Crypto forward. From Artemis, we can see that DePIN is the fastest growing sector in recent months. DePIN may be the brightest field in the Alts field at present, because real-world adoption will drive up token prices. DePIN has many problems, such as the demand side disappears before it is established, and fake network nodes.
I believe that IoTeX and entrepreneurs in the DePIN field can solve these problems. Think about reducing users' broadband charges by dozens of times, Uber without an intermediary platform, and distributed energy networks. These narratives are sexy enough to attract a large number of VCs and developers. As the only#DePINmodular infrastructure,#IoTeXwill accelerate this process and make DePIN a truly community-led, bottom-up global movement. 🏃🏻♀️
#depin The biggest growth event in history is here. 😍
#iotex In collaboration with numerous #DePIN + #DEFİ project teams, we present the "Get Goated" Season 2, with a total prize pool of up to 10 million US dollars. 🤑
So far, 5322 #ioID have been registered. In the future, device owners will need to burn and stake $IOTX to obtain ioID and register the device identity to #iotex L1.
With the official release of ioID, it also means that $IOTX tokens will start a large amount of burn🔥
1️⃣ Network3 has 4,367 Edge V1 mining machines on-chain, with a total node count exceeding 370,000. 2️⃣ The Powerpod network has over 500 charging stations distributed across 7 different countries/regions. 3️⃣ The Apocalypse and Prometheus hotspots of the Wayru Network have sold out. 4️⃣ Loxodrome has launched perp products, trading IOTX and ETH with leverage up to 50 times. 5️⃣ WatchX airdropped 40,000 GOAT tokens to WatchX Future NFT holders. 6️⃣ CyberCharge launched a Telegram MINI APP, allowing users to earn IOTX and other tokens. 7️⃣ Starpower has installed its first ECACTUS battery and put it into use, with public orders opening in December. 8️⃣ enviroBLOQ has partnered with McCannical Roofing & Exteriors to provide homeowners with data reports for insurance or real estate purposes. 9️⃣ #w3bstream has integrated 41 DePIN projects with a total of 3,436,942 devices, and #ioID has registered 5,322 devices. $IOTX
Now when you withdraw $IOTX to your wallet on Binance, you can choose io/0x dual format. It is so convenient that you don’t need to convert the format. 😆 #iotex
According to #DePINscan data, #network3 has nearly 4400 devices on the chain, with each device having a return on investment period of 100 days.
Network3, as a representative project in the #depin + #Ai field, has been pondering where its differentiation lies compared to similar projects like Grass, UpRock, and DAWN.
LLM models have high requirements for hardware, bandwidth, etc., and I remain skeptical about whether ordinary users' devices can train LLM models.
After entering the mining machine market, Network3 can create LLM models that fit the market, maximizing user experience while also generating revenue to support the team's commercialization efforts. In the future, it may be able to go further than other projects 🏃
The on-chain daily active addresses of #iotex are about to exceed 10K. Historically, every time the daily active addresses of $IOTX have surged significantly, there has been a relatively large market movement. 🚀
Recent catalyst events: 1️⃣ IoTeX will allocate 100 million IOTX tokens to incentivize users to participate in the on-chain ecosystem. 2️⃣ #ioID, the first decentralized identity, is about to launch. 3️⃣ #w3bstream, the first #depin off-chain computing protocol, is about to go live on the mainnet.
1️⃣ Network3 has 3,965 Edge V1 mining machines on the chain, and the total number of nodes has exceeded 360,000. 2️⃣ Powerpod network has 21,920 devices on the chain. 3️⃣ Inferix GPU released white paper v1.1, including FHE and TEE security integration, node repurchase mechanism. 4️⃣ StarCrazy is about to start the third anniversary celebration event, playing games will get extra points and earn coins. 5️⃣ Wayru Network has reached a cooperation with Mycelium Networks, and this cooperation will bring more than 150 Wayru hotspots to the Mycelium community. 6️⃣ Loxodrome has taken out 5 million veLOXO tokens as an incentive to participate in Goat Season2. 7️⃣ WatchX Future starts recruiting ambassadors, and those who join can get hardware, fiat currency + tokens and other incentives. 8️⃣ Streamr Network passed the SIP-21 proposal and will integrate the IoTeX network. 9️⃣ CyberCharge launched the Telegram MINI APP, aiming to expand 200,000 users to over 20 million users. 1️⃣0️⃣ Starpower network will integrate more than 14,000 devices with decentralized identity ioID. 1️⃣1️⃣ w3bstream has 41 DePIN projects integrating a total of 3,372,006 devices, and 4022 ioIDs have been registered. $IOTX
#iotex has become the third largest ecosystem in the #depin field. Now we share with you the DePIN projects that have raised more than#1Mfunds, so that you can make better investment decisions. There are high-multiple investment opportunities. 🥰
1️⃣ Network3 is the leading project in the DePIN+#Aifield. It has received $5.5 million in seed round financing, with Borderless Capital, EV3, and IoTeX Eco fund participating. The entire network has nearly 360,000 nodes and will be TGE soon.
2️⃣ Nubila Network is a leading ESG data analysis platform. It has received $2.5 million in financing, led by #IoTeX, VeChain and Boston Consulting Group, and will be TGE on the IoTeX network soon. You can mine by purchasing equipment now🔨
3️⃣ PowerPod is the world's leading shared charging station project, invested by Waterdrip Capital, IoTeX, Future Money Group, etc. Buy hardware now to mine tokens, and they will be TGE on IoTeX.
4️⃣ SCANNIT is a decentralized digital financial platform that has completed $1.5 million in financing and plans to expand the waitlist to 11,500 people before the beta version goes live in the fourth quarter. The token will be TGE on the IoTeX platform.
5️⃣ WayruNetwork is the leading decentralized network service provider in Latin America, which has completed a $1.96 million seed round of financing. There are more than 100,000 active users. Now there are airdrop rewards for purchasing WiFi Miners, and the token will be TGE on the IoTeX platform.
6️⃣ Starpower is a leading decentralized energy network that has completed a $2 million Pre-Seed round of financing, with investments from Alliance, Arweave, IoTeX, and Bas1s Ventures. It has more than 14,000 devices and will integrate #ioID
So far, the number of devices verified by #w3bstream exceeds 3.3 million, accounting for 20% of the total number of devices in the entire #depin field😱.
In terms of total protection value, the value of the DePIN project verified by #w3bstream has reached 4.9b, including well-known protocols such as Helium mobile, DIMO, Hivemapper, GEODNET, etc.! And this is just a modular product of #iotex . 😳
So, is IoTeX, as a fully circulated product, underestimated? 🤔 $IOTX
gm ☕️ #MetaMasknow fully supports #iotex 2.0. After testing, metamask needs to be reinstalled to display the logo. What do you think of the new logo? 😬
#depin The most well-known data flow service provider in the field #streamr The proposal to integrate #iotex has been passed. 🎉 As we all know, DePIN faces problems such as node fraud and data tampering, making it difficult to regain the trust of investors. This integration will directly combine with #ioID (decentralized identity) and #w3bstream (off-chain computing) to make DePIN further decentralized and verifiable. 🐐
1️⃣ Network has 3,518 Edge V1 mining machines on the chain, and the total number of nodes has exceeded 340,000. 2️⃣ Nubila Network launched a points activity for purchasing ESG equipment. 3️⃣ Inferix GPU network has 16,906 decentralized nodes providing rendering services. 4️⃣ Innovex starts node sales, and you can enjoy early bird discounts if you buy now. 5️⃣ Wayru Network's GENESIS equipment can be purchased at Genesis dealers. 6️⃣ Loxodrome and PowerPod have reached a cooperation to jointly improve the liquidity on the chain. 7️⃣ WatchX Future NFT has sold more than 500, and the first#Web3smartwatch will be shipped on October 30. 8️⃣ w3bstream has 40+ DePIN projects integrating 3,269,745 devices, and 3522 ioIDs have been registered.
#iotex has become a modular infrastructure in the DePIN field. Now we use data to analyze the adoption of various technical modules of IoTeX to facilitate investors to make decisions.
1️⃣ #w3bsteam 🌼 w3bsteam is the off-chain computing infrastructure in the DePIN field, with 42 projects and 3.2 million devices integrated. It will be officially released in the near future to empower $IOTX
2️⃣ IoTeX #L1⛓️ After 6 years of development, IoTeX has become the second-ranked#EVMcompatible chain in TPS, with 218 ecological projects, 51 DePINs, 100,000+ monthly active users, 41% staking rate, 112 network nodes, etc.
3️⃣ #ioID 🆔 ioID is the first decentralized identity for#DePINdevices, preventing device ownership from being tampered with and ensuring that any data points or services provided are credible. So far, 3522 ioIDs have been registered for 3 DePIN projects. In the future, each ioID registered will destroy a certain number of $IOTX tokens.
4️⃣ DePINsurf 🐣 DePINsurf is an incubator focused on investing in IoTeX to develop DePIN projects. It has announced 2 phases with a total of 15 projects, covering telecommunications, energy, GPU, AI, middleware, DeFi and other fields. Some of these projects have received millions of dollars in financing.
5️⃣ DePINscan🥇 DePINscan is the "coinmarketcap" of the DePIN field. It has tracked more than 250#DePINprojects and 18 million devices worldwide, including key information such as market value, transaction volume, mining machine revenue, and payback period. Its data has been cited many times in research reports by research institutions such as CoinDesk and Messari, as well as top venture capital institutions. $IOTX
Hi, you can check out Raullen's interview, the topic is very in-depth.
1️⃣ Why is DePIN developing so slowly?
2️⃣ Is the data collected by DePIN usable?
Raullen: This is why #iotex 2.0 was launched. The modularization of #depin 's technology stack enables it to be deployed quickly while saving costs. Data needs to be refined into truly usable products or solutions, and customers will pay for it.
At the end of the video, we talked about the upcoming ioID and w3bstream, which will cause a sensation in the market. $IOTX