IoTeX is a modular infrastructure in the DePIN sector, offering a suite of tools to build fully decentralized, composable, and interoperable DePIN projects. Unlike monolithic approaches, IoTeX provides flexible DePIN Infrastructure Modules (DIMs) and Public Goods, alongside third-party modules from providers like Filecoin, Risc0, NearDA, and Espresso. The platform's native token, $IOTX, supports and connects the entire infrastructure, with its utility expanded through a balanced tokenomics model that incorporates burning, inflationary, and deflationary mechanisms. IoTeX aims to streamline development by reducing build time, initial costs, and resource requirements for launching projects. Its long-term vision includes scaling to onboard millions of devices and bridging real-world value on-chain, aligning with its mission of making DePIN accessible to all. IoTeX utilizes a modular architecture to support DePIN projects with a secure and adaptable framework. The system is anchored by the Modular Security Pool (MSP), a trust-based layer secured by $IOTX and other key assets in the sector. This foundation enables DePIN Infrastructure Modules (DIMs), which serve as the core components of the DePIN technology stack. IoTeX develops essential DIMs, including W3bstream for off-chain computing and ioID for digital identities, while collaborating with partners to integrate additional modules. These include AI tools and decentralized storage solutions, offering developers a comprehensive toolkit for DePIN applications. To foster community engagement, IoTeX provides open-access resources such as DePINscan, an explorer that tracks over 2.4 million devices and features more than 40 verified DePIN projects globally. Combined with IoTeX L1’s high throughput and EVM compatibility, this layered infrastructure ensures scalability and efficiency for developers building DePIN solutions. **IoTeX: Bridging Decentralized Apps with the Real World** IoTeX empowers decentralized applications (DApps) to interact with real-world devices, enabling users to monetize their smart devices' data, resources, and services in a secure and verifiable way. ### **How IoTeX Works** - **Device Identity:** Developers assign on-chain identities to devices using **ioID**. - **Real-World Data Processing:** W3bstream converts real-world information into verifiable "Proofs of Real World Work." - **Smart Contract Execution:** These proofs are settled on the IoTeX blockchain, triggering smart contracts that reward device owners with tokens. ### **Use Cases** IoTeX’s applications fall into three key categories: 1. **Data:** Smart devices contribute verifiable real-world data to community-owned pools. 2. **Resources:** Devices can sell or lend digital resources such as compute power and storage. 3. **Services:** Devices offer services like connectivity, location tracking, and renewable energy distribution. ### **Industry Applications** With billions of active smart devices globally, IoTeX’s technology supports multiple sectors, including: - **Agriculture** - **Automotive & Manufacturing** - **Supply Chain & Logistics** - **Smart Homes & Cities** - **Renewable Energy** - **Healthcare & Transportation** - **Telecommunications** By integrating blockchain with real-world devices, IoTeX creates a decentralized ecosystem where users and developers can securely exchange value. IoTeX was founded in 2017 as an open-source project by Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun. The team, consisting of more than 40 research scientists and engineers, developed an EVM-compatible blockchain using the Roll-DPoS consensus mechanism. The platform officially launched in April 2019 and is now maintained by a global network of over 100 delegates. To date, IoTeX has processed over 10 million transactions while building infrastructure to enhance interoperability with other blockchains. The project introduced IoTeX 2.0, expanding its role from a Layer 1 blockchain to an open DePIN infrastructure powered by the $IOTX token. The IoTeX Layer 1 chain acts as the foundational trust layer for the broader ecosystem. (Note: The reference to July 2024 has been removed to maintain an evergreen format.)