IoTeX 2.0 Launches to Simplify DePIN Development and Accelerate Market Entry

IoTeX, a modular Web3 infrastructure, has announced the launch of IoTeX 2.0, which aims to connect real-world data and smart devices to blockchains. The launch is supported by various partners including Near, Filecoin, RISC Zero, and Espresso. Decentralized physical infrastructure networks (DePINs) have the potential to transform applications such as wireless services and smart home technologies. The DePIN sector is expected to reach a market value of $3.5 trillion by 2028. IoTeX 2.0 adopts a modular approach to simplify the development process, making it easier to launch new DePIN applications. The launch features partners like ChainML for AI integration, OKX for wallet solutions, and The Graph for indexing. IoTeX 2.0 also introduces the Modularity Security Pool (MSP) to promote growth and sustainability within the ecosystem. The project aims to lower barriers to entry and stimulate innovation, allowing a broader range of participants to engage with the technology.