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Empowering DePIN Technology with IoTeX 2.0 Launch
Wednesday. July 17 at 10:00 PM
1 min. readIoTeX recently unveiled its IoTeX 2.0 launch, a groundbreaking initiative that aims to revolutionize the DePIN technology landscape. DePINs, or Decentralized Physical Infrastructure Networks, have the potential to transform various sectors, from wireless services to smart home technologies, with a projected market value of $3.5 trillion by 2028. Despite the immense potential, DePINs face challenges such as complex technology requirements and high entry barriers for developers. IoTeX 2.0 introduces a modular approach to simplify development processes, partnering with key players like Near, Filecoin, and RISC Zero. By offering tools to streamline application development and market entry, IoTeX 2.0 seeks to accelerate the adoption of DePIN technology and foster innovation in the shared digital and physical services landscape. Through initiatives like the Modularity Security Pool and DIMs, IoTeX 2.0 aims to promote growth and sustainability within the DePIN ecosystem, paving the way for a more inclusive and dynamic future.