From a fundamental perspective, loTeX aims to create a connected world where everyone can control their own data, devices, and identity. Through blockchain technology, loTeX aims to unlock the potential of smart devices and data, and support the development of a new generation of real-world Dapps and digital assets. $IOTX has always been committed to transferring real-world infrastructure to the blockchain, while RWA tokenizes real-world assets, and the two complement each other. Therefore, many people classify IOTX as an RWA field, which also explains why I0TX submitted an RWA solution to BlackRock.
DePIN consists of two parts: the physical resource network (PRN) and the digital resource network (DRN). PRN encourages users to deploy hardware based on geographic location to provide unique real-world goods and services, such as WIFI, 5G, etc. DRN encourages users to use hardware to provide digital resource infrastructure in the real world, such as broadband and storage networks.
$IOTX is adjusting its token economic model to provide more incentives, with the goal of attracting DePIN developers and the wider community to participate. The plan aims to build an ecosystem that encourages active participation from all parties, involving activities such as dissemination, earning income, mining, staking, and trading.
Latest financing:
loTeX core development team MachineFi Lab completed a total of $10 million in seed round financing at a valuation of $100 million. This round of financing was led by SamsungNEXT, Draper Dragon Fund and Jump Capital.
HashKey Capital, IOSG Ventures, Escape Velocity, Goodwater Capital, Xoogler
Ventures, WeMade and other well-known companies and angel investors participated in the investment.
At the same time, the price of $IOTX has performed strongly, and has risen 7 times from the bottom, although there is not much discussion in the market. At present, the weekly line has been steadily broken through, and the main rising wave has not yet arrived. As the leader of popular concepts, its potential is gradually being recognized.
Secondly, IOTX is a leading project in the DePIN field, and its RWA solution has been recommended to BlackRock. Among all the recommended projects, only I0TX has been launched on Binance.
At present, the market value of iotx° tokens is not high. Compared with the trillion-level Internet of Things market, it is just the tip of the iceberg. Everyone can enter iotx in batches to catch up with the development dividends of the Internet of Things.
#IOTX #IOTX物联网+AI