Latest Multiple Network News

IoTeX, a DePIN infrastructure platform, is partnering with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer. The partnership aims to leverage AggLayer's cross-chain communication and liquidity sharing capabilities. This integration will enable IoTeX-based projects to distribute rewards and allow users to transact on the chain of their choice. The collaboration was announced by Raullen Chai, CEO and co-founder of IoTeX, and Sandeep Nailwal, co-founder of Polygon, at the R3al World event in Singapore. Polygon Labs and other core contributors are developing AggLayer, an interoperability layer designed to provide unified security and liquidity across multiple chains. By implementing ZK proofs, AggLayer aims to mitigate the risks associated with the failure of a single chain. ZK proofs allow parties to verify the accuracy of a statement without revealing the underlying data, enhancing the security and privacy of blockchain systems. In July, IoTeX introduced a white paper for IoTeX 2.0, a technology stack comprising composable modules and a unified trust layer. This stack is intended to drive the adoption of DePIN (Decentralized Physical Infrastructure Network) and is supported by a token economy that connects DePIN dapps, Layer 2 chains, and devices. Chai emphasized that IoTeX's infrastructure will enable seamless connectivity between DePIN developers and AggLayer, empowering users to engage with DePIN applications across various blockchains.

AirMoney presented its ground-breaking AirMoney Degn Device at TOKEN2049 in Singapore. This Web3 hardware solution is designed for Decentralized Physical Infrastructure Networks (DePIN), offering a decentralized platform for staking, trading, and gaming. The device goes beyond traditional hardware wallets, allowing users to interact with Web3 protocols in a fully decentralized ecosystem. It features top-tier security with Web3Auth’s MPC technology, ensuring the protection of user assets. The AirMoney Degn Device redefines the role of hardware wallets by enabling users to operate nodes and earn tokens through Proof of Activity. Each device comes with a built-in node that connects to the network, allowing users to earn tokens by engaging with various decentralized applications (dApps). This shift transforms hardware wallets into dynamic tools that empower users with complete control over their cryptocurrency experience. A New Level of Functionality for Web3 Users The device facilitates easy access to decentralized services and applications through collaborations with leading blockchain and dApp providers. Users can trade on Bybit’s spot and perpetual futures platform, adjust leverage with a dedicated lever, and utilize AI-powered tools like Synesis One’s data-labeling dApp and Workspace. The integration offers a wide range of cryptocurrency utilities accessible through a decentralized app store. Notable features include an OLED-powered UI for seamless transactions and dApp interactions, enhancing the overall cryptocurrency experience. Security is paramount, with the incorporation of Web3Auth’s Multi-Party Computation (MPC) technology, which enhances security by distributing private keys across multiple locations to mitigate single points of failure. The device comes pre-loaded with native coins, enabling users to participate in decentralized finance (DeFi) and grow their holdings through PoA distribution as the network expands.