Today's big news for #iotex : 50 million USD in financing, which is the result of the team's hard work day and night. The financing was participated by Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, EV3 and Waterdrip Capital. The team said: part of it is used to pledge #iotx , and part of it is used to improve the #depin ecological project on the chain. The liquidity has always been insufficient, which is the problem of Iotex. I think it will be different this time. #depin + #AI , and the main network upgrade tps can reach 1000. This technology is not achieved by many people in the entire network. It is said that it will take off, so wait and see. $iotx PS: This article only represents personal opinions and does not constitute investment advice

#iotex initiated a new proposal:
Btc is the largest depin project, and the motivation for iotex's proposal is twofold. First, by connecting Bitcoin to IoTeX, we aim to significantly increase the total value locked (TVL) of IoTeX by leveraging the massive assets in the Bitcoin market.
The initiative aims to enhance the attractiveness and functionality of the IoTeX ecosystem for IoTeX users, while indirectly allowing Bitcoin users to participate in the development of the DEPIN project and ecosystem. By doing so, it attempts to significantly increase the liquidity of these projects. The IoTeX network is identified as one of its key roles as a fundamental hub for DEPIN project liquidity.
Second, Bitcoin’s limited programmability and lack of open source bridging solutions pose unique challenges that require the development of custom solutions. This work will not only provide IoTeX with a direct link to the Bitcoin market, but will also demonstrate our ability to innovate and expand blockchain functionality.

example:

An example transaction connecting Satoshi between the Bitcoin testnet and the IoTeX testnet is provided to illustrate the functionality of this bridge:

600 satoshis bridged from Bitcoin testnet to iotex testnet

200 satoshis bridged back to wallet on Bitcoin testnet

Voting is ongoing and ends this week:
For details, please see: https://snapshot.org/#/iotex.eth
PS: This article does not constitute investment advice and only shares personal opinions.
#depin $IOTX

Today #iotex announced the launch of DePINscan v1.0 in cooperation with well-known #depin projects Helium, Akash, Streamr, Theta, Pocket, Drife, WiFi Map and DIMO.

Since its debut last August, DePINscan has become the go-to source for DePIN market information, attracting over 163,000 unique visitors and over 367,000 page views. A total of 21 DePIN projects, with nearly 475,000 devices distributed in 156 countries, have been directly integrated into the DePINscan platform, with a total market value of up to US$6 billion.

The version released today has been upgraded. You can check the information, news, etc., as well as the rise and fall of all #depin projects. You can also identify the equipment distribution of this track through the map. Based on DePINscan v1.0, you can get twice the result with half the effort in mining the depin industry.
$IOTX

PS: This article only represents my personal views and does not constitute investment advice.

https://depinscan.io/

#depin is the key narrative in 2024. With the passage of BTC etf, the attention to cryptocurrency is increasing. Depin empowers the traditional Internet of Things, specifically regarding transportation, food and other necessities. The potential for implementation is huge. This track solves Solutions to specific problems will come out one after another. I think it is necessary to listen to the depin track from other people's perspectives and brainstorm.
Tonight at 21:00 Beijing time, #iotex team hosted the first phase of Depin Asia SPACE, you can pay attention to it.

PS: This article does not constitute investment advice and only represents personal opinions.
$IOTX

#iotex multi-chain wallet ioPay officially launches the account abstraction (AA) function, a multi-chain AA wallet specially developed for the #depin field.

Account abstraction, in this model, an account is not only a container for funds, but can also execute complex codes. In essence, it separates the role of managing funds and executing codes, making smart contracts more dynamic and powerful.

It is to use zk-SNARK proof technology, namely: (zero-knowledge concise non-interactive proof) is a cryptographic proof system that allows one party to prove to another party that a certain statement is true, without revealing any additional information except for the validity of the statement itself.

There are several advantages:
1) Enhanced flexibility: Separation of fund control and contract execution logic for more dynamic and modular applications.
2) Reduced transaction fees: Account abstraction can reduce transaction fees by optimizing the execution of smart contracts.
3) Optimized scalability: The concept of "contract upgradability" is introduced, allowing developers to update and improve contracts without affecting functionality.
4) Developing new application scenarios: The separation of fund management and execution code makes it possible to create richer and structurally more complex applications with functions that were previously difficult to achieve.
5) Improved security: By separating fund management from execution code, potential vulnerabilities and attack surfaces can be reduced, making it more difficult for malicious attackers to exploit vulnerabilities.

If you successfully create an AA wallet on #iotex 's wallet iopay now, you will receive a reward of 2 IOTX and a daily gas subsidy of up to 2 IOTX, and MachineFi NFT users can receive a daily gas subsidy of up to 10 IOTX.

In the near future, ioPay will support other forms of AA authentication. looking forward to!

For details, please see:

https://mp.weixin.qq.com/s/CZJGBku9kmb4uWt5UoWoxw
$IOTX

PS: This article does not constitute investment advice and only represents personal views

#iotex passed the proposal: IIP-23 Marshall DAO.

1) This is an empowerment of the token #iotx , namely: Marshall DAO adopts an on-chain voting托管management model. The more IOTX pledged in DAO, the greater the voting power. This ensures that decisions are made by those who are most invested in the long-term development of IoTeX and DePIN.

2) The community decides the direction of funds to support high-quality and innovative depin projects, so as to achieve decentralization, which is conducive to the release of a large number of high-quality #depin projects on iotex.

3) The funds here in Marshall DAO come from: IoTeX Foundation; fees, transaction fees from L1 layer network, and future income from W3bstream will flow into DAO; donations; Burn-Drop burning investment plan; other sources. It can be said that this decentralized #DAO has a lot of funds to provide funding for high-quality #depin projects, and will play a pivotal role in the iotex ecology in the future, with a huge促進effect.

The above shows the格局of the Iotex team. Decentralization has been deeply rooted in the hearts of the people from the very beginning, and it is reflected everywhere. In this industry, decentralization is the soul of the industry, and we must always bear in mind.

For more details, please see:

https://mp.weixin.qq.com/s/L1lsuE6jJtfwxzIkYsUlZw

PS: This article does not constitute investment advice, it only represents personal views

$IOTX

DePINSurf: The World's First DePIN Accelerator Program

According to Messari, the #depin industry is poised to contribute \$10 trillion to global GDP over the next decade. Jointly launched by #iotex and FutureMoney Group, the DePIN Accelerator Program aims to provide seed funding and launch support for the next generation of Web3 unicorns focused on real-world applications. The fund size is up to \$5 million.

For more details like applicant requirements, please refer to：

https://mp.weixin.qq.com/s/yELI1fysFHX1yMWRIW6acQ

The application deadline for the DePIN Accelerator Program is January 26, with an informal pre-launch starting on February 14.

PS: This article does not constitute investment advice and represents personal views only
$IOTX

The #iotex system is divided into L1 and L2. L1 is the current iotex public chain, and L2 is #w3bstream that is about to release the main network. This layering is based on the Rollup method of Ethereum, and most of the data processing and execution are placed in L2, l2 It is characterized by batch processing, rather than individual processing like L1. L1 verifies the batch processing results of L2 through smart contracts. L1 acts as a trust anchor, greatly reducing the burden on L1 and increasing the speed of data processing. , this is necessary in the massive data processing of the Internet of Things in the trillion-dollar market in the future. There are also a large number of dapps on L1 that use the trusted data provided by L2 access devices to reward device providers with tokens. This is the token. Economics, it can be said that Iotex integrates blockchain, Internet of Things, and token economics.

The upward curve of iotex, which focuses on industry technology, will inevitably have an explosive period. #depin This is a slow-heating track, and real industry applications may gradually bloom from 2024. Remember, if the industry is paved the way for slow growth, it will enter the explosive period. I am looking forward to whether the #w3bstream main network will be launched and operated in 2024 to catch the traffic of IoT devices in this trillion-dollar market!

PS: It does not constitute investment advice and only represents personal opinions.

Here is a more detailed layered diagram: $IOTX

#iotex As the leader of #depin , 2024 is a critical year because the W3bstream mainnet is about to be released. The Internet of Everything has always been the vision of the iotex team. The prerequisite for the Internet is that the device must be trustworthy. Only devices that have been trusted and verified by #w3bstream can provide data to DAPP. What w3bstream wants to do is any one on any public chain. Dapp can access any type of device that has been trusted and verified. It spans multiple chains and heterogeneous devices (sea, land and air). w3bstream is the entrance to the Internet of Everything. The launch of this product is bound to be a major benefit! In 2023, mainstream L1 networks such as Ethereum, IoTeX, Solana, Polygon, Arbitrum and Optimism have all been integrated with W3bstream. Looking forward to the mainnet launch in 2024.
$IOTX

PS: This does not constitute investment advice, just sharing my own opinions.

#depin (decentralized physical infrastructure network) formed a strong consensus in 2023. Defi aroused endless reverie when it was launched, and has great potential to become another landing direction of the currency circle. As we all know, the development of the currency circle requires narrative, and narratives continue was revised until the final real demand was fully realized. How the concept of the Internet of Things took root in the currency circle, or how the currency circle empowered the Internet of Things, has been explored by industry leaders #iotex . Finally, in 2023, the concept of #depin Born out of nothing, iotex has been deeply involved in the currency circle for many years. It has continuously embraced new things on the basis of making the underlying public chain stable and reliable in performance, and constantly reshaped its technology according to the industry, truly making contributions to the implementation of the Internet of Things in the cryptocurrency industry. contribute. I have been following iotex since 2017. This is a very innovative team. iotex will be indispensable for the formation and strengthening of the global consensus on depin in the future. A number of innovative products will be launched in 2023: 1. IoTeX’s most important product #w3bstream Devnet, which plays the role of L2 and is equivalent to the entrance for IoT devices to access decentralized networks. It will be very important in the future. iotex can integrate a variety of heterogeneous The unified management of the Internet of Things device platform can be said to be a strong technical strength. This is also the secret to maintaining innovation after many years of hard work. The test network will be released in February, the developer version Devnet will be released in June, and the main network Mainnet will be launched in 2024. 2. #DePINscan A data aggregation platform powered by W3bstream and specially designed for the DePIN field 3. DePIN Liquidity Center, DePIN Liquidity The center successfully gathered more than $300,000 in liquidity and facilitated a daily trading volume of approximately $285,000. More rich content details: https://mp.weixin.qq.com/s/BVhd1kWIZWJm3-X9636vgg
;$IOTX