IoTeX

The Get Goated Season 2 reward distribution is entering its next phase, following the successful $IOTX claim phase where millions of tokens were distributed to community participants. The claim window for $IOTX officially closed on March 27, with any unclaimed tokens reverting to the IoTeX Treasury Pool. The community will decide on the future use of these tokens through an IoTeX Improvement Proposal (IIP). As the program progresses, participants are reminded to claim their rewards before the deadline to avoid missing out on their allocations. Starting April 7, 2025, participants can claim token rewards from the first batch of ecosystem sponsors, which includes Geodnet, Uprock, Drop Wireless, and Network3. Prior to claiming, there will be a review window from March 28 to March 31, where participants can verify their reward allocations. After this period, allocations will be locked into the distribution smart contract, and no changes can be made. This structured approach ensures that both social contributors and active participants are rewarded fairly, promoting engagement within the ecosystem. A crucial element of this distribution is the zkPass verification, which played a significant role in the success of the first phase by ensuring that rewards were given to genuine users, preventing abuse from bots and fake accounts. This verification process will be integral to all future IoTeX campaigns, emphasizing the commitment to prioritize real users. The Get Goated Season 2 aims to celebrate and reward the IoTeX community, providing real ownership in the decentralized infrastructure of the future while encouraging ongoing participation and engagement.

Nubila is at the forefront of a decentralized initiative aimed at collecting and rewarding real-time environmental data through its innovative Marco Weather Station, aligning with the broader DePIN movement. Participants in Nubila's Get Goated Season 2 campaign who own a Marco device can now engage in a Dual Mining Campaign. This program enables users to mine $IOTX, the native token of the IoTeX ecosystem, while also accumulating Nubila Mining Points, thereby incentivizing the collection of valuable environmental data. To participate in the Dual Mining Campaign, users must meet specific eligibility requirements. Firstly, they need to own a Marco Weather Station and have it linked to the Nubila app, as the data collected from this device is essential for the mining process. Additionally, claiming the Nubila Get Goated Season 2 NFT, distributed via Galxe, is mandatory as it serves as an access pass for the dual mining activities. Once these prerequisites are fulfilled, participants can proceed to connect their wallets and verify their email addresses to confirm their ownership of the Marco device. After verification, users can stake their Marco NFT in the IoTeX reward pool to activate dual mining. The process is designed to be user-friendly, with no gas fees required for transactions on the IoTeX interface. Nubila aims to create a decentralized environmental data network, utilizing AI to deliver accurate insights for industries sensitive to weather changes. This initiative not only promotes climate change awareness but also encourages sustainability through incentivized IoT devices, paving the way for a more informed and responsive approach to environmental challenges.

IoTeX, a prominent player in the Decentralized Physical Infrastructure Network (DePIN) sector, has recently announced that Xangle, a leading blockchain infrastructure company from Korea, will join its network as a validator. This partnership is expected to enhance IoTeX's community-driven ecosystem and improve its technical stability. Xangle, known for its ecosystem-oriented community hubs and Web3 analytical reports, has been a significant contributor to the Web3 space since launching Xangle Portal in 2018, and has also validated for other major blockchain projects like Aptos and Babylon. In 2024, IoTeX has emerged as a leader in the DePIN sector, processing over 150 million transactions and 340 million blocks, with an impressive annual growth rate exceeding 25%. Currently, more than 360 million IOTX tokens are staked, representing about 40% of the total supply, which significantly bolsters the network's security and governance. This growth underscores IoTeX's commitment to providing robust infrastructure solutions within the DePIN landscape, solidifying its position as a key player in the industry. Lihan Lee, Co-CEO of Xangle, emphasized that their role as an IoTeX validator is a pivotal step towards making innovative Web3 infrastructures more accessible and promoting their mainstream adoption. Jing Sun, co-founder of IoTeX, echoed this sentiment, highlighting that Xangle's expertise will enhance the network's credibility and stability. Together, they aim to drive the sustainable growth of the DePIN ecosystem, ensuring that IoTeX remains at the forefront of blockchain infrastructure development.

ETHDenver 2025 showcased a vibrant mix of energy and innovation, particularly highlighting the advancements in Decentralized Physical Infrastructure Networks (DePIN) and artificial intelligence (AI). The IoTeX team, including Giuseppe De Luca, Aaron Basi, and Larry Pang, shared their insights during an X Space debrief, emphasizing the event's dual nature as both a celebration and a reality check for the crypto industry. While some projects demonstrated tangible progress, others appeared to be struggling to maintain relevance in an evolving landscape. The discussions at the event underscored the importance of real-world applications and sustainable business models moving forward. A significant highlight from IoTeX's participation was the R3al World event, which focused on the intersection of DePIN and AI. Key announcements included the integration of GEODNET with ioID, which aims to enhance on-chain verifiable physical AI, and demonstrations of privacy-focused technologies like NovaNet's embedded zero-knowledge proofs on Raspberry Pi devices. The event also featured engaging fireside chats, including one between IoTeX's Larry Pang and industry experts, discussing the future of physical AI and the economic realities of DePIN. These conversations emphasized the necessity for decentralized networks to provide reliable, real-time data to support AI applications and the importance of creating viable economic models beyond mere token incentives. The overarching theme of ETHDenver was a shift towards real-world utility and revenue generation within the DePIN space. IoTeX's Aaron Basi noted that the focus is now on projects that solve actual problems and generate revenue, moving away from speculative ventures. This evolution is evidenced by the rise of hyper-specialized networks and AI-driven insights that cater to specific market needs. While ETHDenver had its standout moments, it also revealed the industry's growing pains, including regulatory uncertainties and a lack of groundbreaking innovations. As the crypto landscape matures, the emphasis is clearly on creating practical applications that deliver real value to users and businesses alike.

In a significant development for the decentralized energy sector, Piggycell has announced a strategic partnership with IoTeX, aimed at integrating IoTeX's DePIN technology with Piggycell's extensive charging network. This collaboration is set to enhance connectivity, improve user experience, and foster innovation within the decentralized charging ecosystem. By incorporating IoTeX's DePINscan and ioID into its platform, Piggycell will benefit from increased transparency, security, and efficiency in managing its network of over 13,000 charging hubs and 100,000 batteries across South Korea. The partnership marks a pivotal moment in merging blockchain technology with real-world infrastructure. IoTeX's modular approach to DePIN allows Piggycell to utilize advanced blockchain tools, facilitating a reciprocal deal pipeline, resource-sharing, and joint marketing efforts. This integration aims to enhance platform interoperability, introduce mutual incentive programs, and leverage secure transactions through DePINscan and ioID. The collaboration not only aims to improve user engagement but also to expand brand awareness through coordinated marketing initiatives. As Piggycell dominates the South Korean mobile charging market with a 90% market share and over 4 million active users, the integration of IoTeX's DePIN modules is expected to enhance operational efficiency and create new revenue models, such as tokenized energy credits and Web3-native loyalty programs. With a growing interest in decentralized physical infrastructure networks, this partnership positions both Piggycell and IoTeX at the forefront of the energy revolution powered by Web3 technologies.

In the fourth quarter of 2024, IoTeX experienced remarkable growth following the launch of its 2.0 version, with average daily transactions skyrocketing by 1,267% quarter-over-quarter (QoQ) to reach 384,300. This surge was complemented by peak throughput hitting 62 transactions per second (tps). The total fees accrued on the IoTeX Network also saw a significant increase of 205% QoQ, amounting to $448,500, driven largely by a staggering 1,600% rise in gas fees and a 690% increase in decentralized exchange (DEX) fees, primarily from activity on Mimo. The introduction of the ioID protocol, which provides a universal onchain identity solution for smart devices, has played a crucial role in this growth by enabling verifiable device identities and enhancing user engagement in the decentralized physical infrastructure networks (DePIN) ecosystem. IoTeX has also made strides in integrating artificial intelligence (AI) into its platform with the launch of BinoAI, an autonomous agent built on the ELIZA framework. This development is part of a strategic partnership with Eliza Labs, aimed at creating AI agents that can perceive and interact with physical environments using DePIN data. Additionally, the release of Quicksilver, a middle-layer framework, facilitates the connection between DePIN data and AI agents, allowing for real-time data processing and adaptive responses. These innovations position IoTeX as a leader in the convergence of AI and DePIN, potentially transforming how decentralized applications interact with real-world data. The IoTeX ecosystem has expanded significantly, now hosting 251 projects, including 66 focused on DePIN. Partnerships with various entities, such as Nubila for environmental data and Streamr for decentralized data streaming, have further enriched the ecosystem. The recent upgrades to IoTeX Core, particularly the Cancun EVM compatibility, enhance the network's functionality and interoperability with Ethereum. As IoTeX continues to innovate and expand its offerings, it is poised to play a pivotal role in the future of decentralized infrastructure and AI-driven applications.