IoTeX

The Blockchain Association (BA) based in Washington D.C. has kicked off its 'Blockchain Policy Summit' with an opening address from the incoming U.S. President, Donald Trump, who expressed his commitment to stand alongside the industry and lead the development of the crypto sector. The first day of the summit includes closed-door discussions between dozens of member organizations and government officials to delve into the current blockchain industry trends and the future direction of U.S. policies. IoTeX, a member organization, has been invited to participate in the summit. Recently, the BA officially welcomed IoTeX, highlighting their expertise in the DePIN field, which is gaining increasing interest from policymakers and regulators in Washington D.C. IoTeX's substantial knowledge is expected to enhance BA's communication with the new government. The Blockchain Association, representing the crypto industry in Washington D.C., consists of nearly 100 leading organizations and protocols. It aims to establish a reasonable and beneficial regulatory framework for blockchain technology. Over the past three years, the BA has actively engaged with numerous blockchain leaders at the policy level, participating in hundreds of discussions in the Senate and the House of Representatives. In 2023 alone, the BA was involved in 175 meetings with the Senate and House members. With the influence of the crypto-friendly political landscape under the newly elected President Trump, the Blockchain Policy Summit is highly anticipated, with notable attendees such as Senators Tim Scott, Bill Hagerty, Cynthia Lummis, and Representatives Patrick McHenry, French Hill, Ro Khanna, among others. Leading industry organizations with compliant and positive government relations, including a16z, Coinbase, Consensys, Grayscale, Messari, Ripple, Uniswap, Filecoin, and IoTeX, will participate as members at the summit. IoTeX, as a member representing DePIN, is at the forefront of discussions. DePIN, a hot topic at the summit, has piqued the interest of Washington's policymakers and regulators. As a groundbreaking technology that connects real-world devices and infrastructure with the digital world, DePIN holds unique advantages in unlocking traditional industry value and energy. IoTeX, as a leader in the DePIN ecosystem, will collaborate with other industry leaders in the DePIN working group, such as Multicoin, Hedera, Filecoin, Helium, CESS, and Geodnet, to drive discussions and policymaking on integrating real-world applications with blockchain innovation. Larry, IoTeX's ecosystem lead, emphasized the crucial 100 days ahead for U.S. crypto legislation, highlighting the growing acceptance of DePIN among legislators. Raullen Chai, IoTeX's CEO and Co-founder, stressed the importance of collaboration with policymakers in establishing a thriving DePIN and crypto ecosystem. By joining the Blockchain Association, IoTeX aims to provide clear pathways for DePIN projects to launch and expand under regulatory guidance, ensuring accessibility for all users. Through long-term collaborations with professional organizations like the Industrial Internet Consortium (IIC) and IEEE, IoTeX is well-positioned to facilitate dialogues between DePIN and Washington's policymakers, marking a significant step in connecting the physical and digital worlds through decentralized technology.

Decentralized Physical Infrastructure Networks (DePin) are reshaping the tech industry by facilitating decentralized projects in real-world infrastructure. Recent developments in the DePin sector include VanEck's $2.5 million investment in DAWN for decentralized wireless service, IoTeX's collaboration with the Blockchain Association for DePin political advocacy, Exabits securing $15 million in seed funding, and more. Exabits, an AI GPU tokenization startup, received $15 million in seed funding. By tokenizing GPU compute resources, Exabits has reached a $150 million valuation and experienced a 300% quarterly revenue increase. GPUs play a vital role in the DePin AI ecosystem due to the high computing demands of AI research. While companies like Aethir focus on GPU-as-a-service partnerships, Exabits offers a unique perspective that shows promise in the sector.

Today, on December 17th, the Cryptocurrency Policy Summit organized by the Washington Blockchain Association officially opened with a keynote address from the incoming U.S. President, Donald Trump. IoTeX, as a member, was invited to participate in this summit, joining industry leaders such as a16z, Coinbase, Consensys, Grayscale, Messari, Ripple, Uniswap, Filecoin, and dozens of U.S. congressional members to discuss and promote industry policy regulations. The Washington Blockchain Association stated that IoTeX's profound expertise in the DePIN field will enhance its communication with the government, giving it a significant voice. IoTeX's ecosystem lead, Larry, learned on-site that the next 100 days are crucial for cryptocurrency industry legislation in the U.S. Real, implementable applications like DePIN are gradually gaining recognition from lawmakers. DePIN has been prioritized alongside stablecoins, DeFi, and Staking as key legislative areas. During the summit, IoTeX will engage in in-depth discussions with members of the association's DePIN working group, including Multicoin, Hedera, Filecoin, Helium, CESS, and Geodnet, on policies and regulations related to the integration of the real world with blockchain innovation.

Network3, a pioneering technology platform, has made significant strides in the realm of AI Layer2 solutions, enabling developers globally to efficiently infer, train, and validate models. Recent analysis by Depinscan, an extensive DePIN intelligence platform powered by IoTex, has revealed that Network3 miners have achieved a remarkable milestone with a payback period of just 71 days. This achievement positions Network3 at the forefront of the industry in terms of both payback period and daily revenue, underscoring its investment potential. A shorter payback period is crucial for investors as it indicates a quicker return on investment, making Network3 an attractive option for those looking to capitalize on emerging technologies. The success of Network3 can be attributed to its robust infrastructural network, which boasts over 555,000 nodes and has delivered 2 Petabytes of network service across more than 185 countries. This extensive reach has resulted in 97,000 active sessions daily and monthly revenues exceeding $100,000. By supporting the evolution of AI, Network3 empowers developers with tools for model optimization, federated learning, edge computing, and confidential computing. This dual focus on enhancing decentralized node efficiency while providing essential services for AI development positions Network3 as a leader in both technology and market viability. In addition to its technological advancements, Network3 has successfully secured $5.5 million in seed funding from prominent investors, including Borderless, EV3 Labs, and the IoTeX Eco Fund. With a growing community of over 252,000 followers on X, the platform is set to gain even more traction. As it continues to demonstrate its value in making AI more beneficial and efficient, Network3 is poised for rapid growth and increased investor interest in the future.

Advancing Regulatory Clarity for DePIN Projects in the U.S. IoTeX, a leader in Decentralized Physical Infrastructure Networks (DePIN), has recently joined the Blockchain Association in Washington, D.C. This strategic move aims to enhance regulatory clarity and promote the adoption of DePIN technology and broader blockchain applications in the U.S. DePINs bridge real-world devices and infrastructure with the digital realm, offering transformative potential. However, regulatory uncertainty has been a barrier to their widespread adoption. By collaborating with policymakers through the Blockchain Association, IoTeX seeks to create clear pathways for DePIN projects to thrive and expand, ensuring accessibility and compliance for all users. This partnership is crucial for unlocking the full potential of decentralized infrastructure under clear regulations.

Network3: Revolutionizing Edge AI Infrastructure On November 26, CZ(Binance founder) tweeted, 'I am not against memes, but meme coins are getting 'a little' weird now. Let's build real applications using blockchain.' The market's obsession with meme coins has overshadowed utility-driven blockchain projects like Network3, a decentralized Edge AI infrastructure project poised for significant growth. Network3 integrates blockchain tokenomics, decentralized physical infrastructure networks (DePIN), federated learning, and Edge AI to challenge big tech's AI monopoly. With over 543,010 nodes across 185 countries, Network3's decentralized federated learning framework ensures privacy and data security while incentivizing node participation. The project's rapid growth, surpassing Helium in node count, signifies its potential to democratize computing power and data. Market Potential and Tokenomics The DePIN and Edge AI combination presents a trillion-dollar opportunity. DePIN incentivizes users to contribute physical resources, projecting a market size of $3.5 trillion by 2028. Currently undervalued at $1.33 billion, the DePIN sector is poised for exponential growth. Edge AI, with a projected market size of $269.82 billion by 2032, excels in data privacy and efficiency, attracting tech giants like NVIDIA and Google. Network3's tokenomics model, with a total token supply of 1 billion, ensures sustainable mining rewards through staking and mining. Investing in Network3 Investing in Network3 offers a gateway to the future of AI infrastructure, combining DePIN's physical world integration and Edge AI's decentralized computing power. With a clear economic model and exponential market potential, Network3 stands out as a pioneer in revolutionizing the AI sector.