IoTeX and Nodle Partner to Enhance DePIN Ecosystem

Thursday, May 23, 2024 6:05 PM
84

IoTeX, a DePIN modular Web3 infrastructure platform, has partnered with Nodle, a DePIN network that utilizes smartphones as edge nodes to connect the physical world to Web3. This collaboration aims to enhance interoperability, increase user adoption, and provide more infrastructure modularity. The partnership will be rolled out in phases, starting with Nodle integrating its device network map with DePINscan, making it the largest and fastest-growing DePIN project on the IoTeX platform with over 780,000 mobile devices. DePINscan, launched in August, has become a leading source for DePIN intel, hosting over 40 DePIN projects with a combined market cap of $40 billion. IoTeX has also introduced a new liquidity hub on the Mimo DEX, tailored for DePIN projects, which has seen about $800k of liquidity for the tokens of the 9 DePIN Liquidity Hub launch partners. The integration of Nodle and other large DePIN projects is expected to increase these figures, enhancing composability and ease of use between the two ecosystems.

Related News

Arkreen and Roam Partner for Sustainable Blockchain Solutions cover
2 days ago
Arkreen and Roam Partner for Sustainable Blockchain Solutions
In a significant development within the blockchain and renewable energy sectors, Arkreen, a leader in Web3 infrastructure focused on carbon-reduction applications, has announced a partnership with Roam, a trailblazer in decentralized telecom. Roam has successfully issued over 918 million Roam points across more than 180 countries, catering to a user base of 1 million registered individuals. With a robust network of over 700,000 nodes globally, Roam provides a decentralized physical Layer 1, which serves as a foundation for innovative projects in decentralized wireless technology. This collaboration is a pivotal advancement under the Plug for Green Program (PGP), as both companies aim to enhance carbon neutrality within Decentralized Physical Infrastructure Networks (DePIN). The partnership introduces an innovative approach to sustainable practices through the integration of Roam’s miners with Arkreen’s Smart Plugs. This synergy enables real-time monitoring of electricity consumption for Roam miners, who not only benefit from enhanced crypto mining capabilities but also from Arkreen’s tokenized Renewable Energy Certificates (RECs). This mechanism allows Roam community members to offset their carbon emissions from brown energy consumption directly on-chain, thereby increasing their rewards while fostering a commitment to sustainability. The PGP advantage empowers Roam miners to engage in personal carbon offsetting, aligning their operations with eco-friendly practices. Through the Plug for Green Program, Arkreen provides Roam with essential tools for energy consumption monitoring and an on-chain carbon offset mechanism. By utilizing Arkreen’s Smart Plug technology, Roam miners can efficiently track their energy usage and earn Arkreen tokens alongside their mining rewards. This dual-mining scenario encourages eco-conscious participants to contribute to sustainability efforts. Arkreen’s on-chain offset mechanism is paving the way for Green DePIN, positioning Roam as a leader in the decentralized telecom sector while setting a precedent for the DePIN community to engage in global sustainability initiatives. Together, they aim to Roam the World, Connect the People, and Green the Planet.
Exciting Updates: Enhanced Security Features and Marketing Campaigns cover
5 days ago
Exciting Updates: Enhanced Security Features and Marketing Campaigns
In a recent update, significant changes have been made to enhance user experience across various applications. One of the most notable changes is the switch from SMS to email verification for logging into the apps. This decision was made in response to community feedback, aiming to streamline the login process. Users can now easily set up their accounts by entering their preferred email address, receiving a verification email, and linking their accounts for future logins. This improvement not only simplifies access but also enhances security by ensuring that users have control over their login credentials. Another key feature introduced is the experimental split-key technology within the Key Management System (KMS). This innovative feature allows users to securely share a wallet while retaining the ability to revoke access at any time. This is particularly beneficial for businesses that require collaborative file management within a shared wallet. By generating a split key, users can grant access to trusted individuals or accounts, facilitating teamwork on projects while maintaining stringent security measures. This development underscores the commitment to providing flexible and secure solutions for users. On the marketing front, a targeted ad campaign for Vult is set to launch across platforms such as Twitter, Google, and Reddit. The campaign aims to boost brand awareness and attract new users by emphasizing Vult's core values of user control, privacy, and secure storage. Additionally, a dedicated sales team has been established to focus on acquiring enterprise clients for Blimp, which offers a secure on-prem solution tailored for modern AI applications. Blimp promises significant cost savings and enhanced security, making it an attractive option for businesses looking to optimize their data storage solutions. The company is also reaching out to influencers passionate about privacy and security to promote their apps, further expanding their outreach efforts.
Bistroo Achieves Major Milestones with IoTex Partnership and Community Campaign cover
5 days ago
Bistroo Achieves Major Milestones with IoTex Partnership and Community Campaign
In September 2024, Bistroo achieved significant milestones, notably launching a partnership with IoTex and initiating the Bistroo Super Community Campaign. This collaboration aims to enhance the ecosystem by leveraging resources from partner projects, which will ultimately reward all contributors. The month also marked a remarkable growth in user engagement, with 6,304 first-time users placing orders, reflecting a 228% increase year-on-year. Furthermore, Bistroo surpassed 100,000 active users and saw a 402% rise in new user accounts, indicating a robust expansion in its customer base. The marketing efforts in September were centered around partnerships and community engagement, coinciding with Bistroo's 5th anniversary. The launch of the Bistroo Super Community Campaign involved collaboration with ten projects to promote growth within the crypto space. Additionally, Bistroo unveiled a revamped website and litepaper, aligning with its current and future objectives. The partnership with IoTex is expected to bolster Bistroo's capabilities and enhance its service offerings, further solidifying its position in the market. On the development front, Bistroo rolled out several updates to improve user experience for both merchants and customers. Enhancements included a streamlined merchant portal, improved mobile interfaces, and new features such as the 'as soon as possible' delivery option. These updates are designed to optimize the ordering process and improve feedback mechanisms for restaurants. With these advancements, Bistroo continues to position itself as a leading SaaS infrastructure for restaurants, offering lower fees and instant payouts, while enabling both customers and merchants to earn rewards within the BIST ecosystem.
PowerPod and Arkreen Partner for Green DePIN Initiative in Electric Motorcycle Market cover
6 days ago
PowerPod and Arkreen Partner for Green DePIN Initiative in Electric Motorcycle Market
As the world accelerates towards sustainable energy solutions, PowerPod has announced a new partnership with Arkreen for the Green DePIN Initiative. This collaboration aims to introduce an on-chain carbon offset system specifically for the green charging of two-wheel electric motorcycles. This initiative is strategically designed to tap into the rapidly expanding two-wheel market in Asia, which is experiencing unprecedented growth with over 200 million electric motorcycles already on the road and a projected annual growth rate of 7%. The partnership between PowerPod and Arkreen is set to demonstrate a real-world application of Green DePIN (Decentralized Physical Infrastructure Network), enhancing the sustainability of electric motorcycle usage while ensuring transparency and accountability in energy consumption. PowerPod and Arkreen are leading the charge towards carbon neutrality in the electric motorcycle market by utilizing tokenized Renewable Energy Certificates (RECs) for on-chain offsets. These tokenized RECs, referred to as ART tokens, represent Arkreen Renewable Energy Certificates (ARECs) and are issued on-chain, supported by verified renewable energy data from rooftop solar panels within the Arkreen Network. This innovative approach offsets brown energy consumption with renewable energy credits, ensuring a truly sustainable charging process for electric motorcycles. By integrating Arkreen’s on-chain carbon offset solution into PowerPod’s charging network, the partnership aims to deliver REAL users, REAL income, and REAL rewards, all backed by real-time on-chain carbon offsets. As PowerPod and Arkreen embark on this transformative journey, they are not only advancing the future of efficient electric mobility but also leading a sustainable energy revolution across Asia. Their collaboration is poised to deliver tangible benefits to the entire electric vehicle ecosystem, pushing the boundaries of sustainable transportation and decentralized energy networks. With their innovative on-chain offset approach and PowerPod’s decentralized charging market presence, this partnership is set to drive the future of electric mobility while promoting sustainability in transportation.
iExec: Pioneering Decentralized Confidential Computing in Web3 cover
9 days ago
iExec: Pioneering Decentralized Confidential Computing in Web3
As Decentralized Confidential Computing (DeCC) gains traction in 2024, iExec has been a pioneer in this domain, merging Confidential Computing with blockchain since 2018. Collaborating with Intel, iExec launched the first Trusted Compute Specification for the Ethereum Enterprise Alliance, laying the groundwork for secure data processing in Web3. By 2019, iExec became the first Web3 company to join the Confidential Computing Consortium, solidifying its role in decentralized data protection. These early innovations have paved the way for DeCC, which redefines data privacy and security in the Web3 landscape. Confidential Computing is a critical component of DeCC, addressing the need to protect data not only at rest and in transit but also during processing. This technology isolates sensitive data or code using hardware enclaves, creating a trusted execution environment that processes encrypted data in memory. By employing hardware-based attestation reports, Confidential Computing ensures that only authorized programs can access the data within these enclaves. This approach safeguards various types of data, from personal information to complex algorithms, enhancing security in an increasingly fragmented data landscape. The DeCC movement promotes a broader understanding of privacy in Web3, emphasizing user control and decentralized security. With the formation of the DeCC Alliance, which includes leading projects in Confidential Computing, the initiative aims to educate the public on the capabilities of DeCC and its necessity for secure data usage. iExec's mission is to empower users by tokenizing their data and establishing governance rules, ensuring that data remains secure and private. As DeCC continues to evolve, it is set to transform the Web3 ecosystem, making privacy and data ownership a fundamental right for users in the digital age.
Transforming EV Charging into Eco-Friendly Actions with Arkreen's Plug for Green Program cover
13 days ago
Transforming EV Charging into Eco-Friendly Actions with Arkreen's Plug for Green Program
In a groundbreaking initiative, Shaolin Funktastic has demonstrated how electric vehicle (EV) charging can contribute to sustainability through Arkreen's Plug for Green Program (PGP). By integrating real-time tracking of brown energy usage with on-chain carbon offsets, this program transforms the act of charging a Tesla into an eco-friendly action. This innovative approach highlights the potential of the decentralized physical infrastructure network (DePIN) model, where even EVs powered by traditional grid energy can actively work to reduce their carbon footprint, making each charge a step towards a cleaner planet. The Arkreen Smart Plug plays a crucial role in this process. When Shaolin charges his Tesla, the Smart Plug monitors the energy consumed in real-time and reports it through an app. If the vehicle is charging with brown energy, the Plug for Green feature automatically offsets this usage by securing tokenized Renewable Energy Certificates (RECs). This means that as soon as the Tesla begins charging, the system ensures that the energy consumption is matched with renewable energy credits, effectively neutralizing the carbon emissions associated with the charging process. Arkreen's solution stands out for its on-chain execution, which provides transparency and accountability directly from the data source. By turning the Tesla into an IoT oracle, the program allows users to offset their carbon emissions seamlessly by purchasing ART tokens, which are derived from verified renewable energy generation data. This innovative approach not only lowers barriers for individuals aiming for personal carbon neutrality but also redefines the REC market, making it more accessible. As Arkreen Network continues to advance sustainable driving, the vision of a future where every EV charging station integrates with the Plug for Green Program becomes increasingly attainable, ensuring a greener planet for all.