IoTeX Partners with Xangle to Propel DePIN Ecosystem Growth
IoTeX Welcomes Xangle as a Validator to Fortify the DePIN Ecosystem
IoTeX, a prominent player in the blockchain sphere known for its Decentralized Physical Infrastructure Network (DePIN), is excited to announce the addition of Xangle as a network validator. This collaboration aims to enhance IoTeX's already vibrant community-driven ecosystem and its technical capabilities. By joining forces with Xangle, IoTeX anticipates significant progress in its mission to create a more robust and innovative platform.
A Strategic Partnership for Blockchain Advancement
Xangle, a well-established blockchain infrastructure and research firm, offers community hubs, explorers, and comprehensive Web3 analytical reports. Since its establishment in 2018, Xangle has been operating the Xangle Portal, recognized as Korea's premier Web3 platform. Recently, Xangle has expanded its involvement in the industry by participating as a validator for several major global blockchain initiatives, enhancing its influence within the space.
Significant Growth and Achievements
Over the previous year, IoTeX has demonstrated remarkable growth within the DePIN sector. The network has recorded over 150 million transactions and generated around 340 million blocks, showcasing an impressive annual growth rate exceeding 25%. Additionally, IoTeX boasts more than 360 million IOTX tokens staked, representing roughly 40% of its total supply, which solidifies not only the security of the network but also its governance.
Expert Insights on the Partnership
Lihan Lee, Co-CEO of Xangle, expressed enthusiasm about the partnership. He stated, “Our role as an IoTeX validator transcends traditional network validation. It signifies a pivotal step toward making innovative infrastructures like DePIN more accessible and facilitating their acceptance in mainstream markets. By leveraging our community-driven expertise, we aim to enhance both the credibility and visibility of the IoTeX network.”
Commitment to Innovation
Jing Sun, a co-founder of IoTeX, remarked on the significance of this partnership. “Our commitment to establishing a robust and transparent DePIN ecosystem is unwavering. Xangle joining us as a validator aligns perfectly with our vision. Their expertise in blockchain infrastructure and maintaining data integrity is sure to improve our network’s stability and support broader adoption of Web3 technologies.”
About IoTeX: Pioneering DePIN Technology
IoTeX stands out as the only modular infrastructure platform within the DePIN landscape, effectively bridging smart devices and real-world data directly to blockchain systems. As a leader in DePIN infrastructure, IoTeX facilitates enhanced user experiences by generating new rewards linked to both device and on/off-chain activities, transitioning personal devices into collaborative economies, and tokenizing extensive data.
About Xangle: Driving Web3 Research and Infrastructure
Xangle has positioned itself as the leading provider of Web3 research and infrastructure in Korea, leveraging its Xangle Portal to provide crucial insights and connections between blockchain projects and users. With a user base exceeding 400K since its inception, Xangle has built a solid reputation by offering institutional-grade insights, analytics, and solutions in the blockchain arena. Their services include targeted strategies for market entry in Korea, customized blockchain exploration tools, and high-quality validator services.
Frequently Asked Questions
What is the main goal of the partnership between IoTeX and Xangle?
The key goal is to strengthen the DePIN ecosystem, improving its technical stability and community engagement.
What achievements has IoTeX made in the blockchain sector?
IoTeX has processed over 150 million transactions and generated 340 million blocks, showcasing significant growth in the blockchain landscape.
How does Xangle contribute to the IoTeX network?
Xangle enhances the IoTeX network's credibility and visibility through its expertise in community-focused solutions and infrastructure.
What unique position does IoTeX hold in the DePIN space?
IoTeX is recognized as the only modular infrastructure platform linking smart devices and real-world data to blockchains.
How can users benefit from IoTeX's services?
Users gain new rewards from device usage and on/off-chain activities, allowing personal devices to contribute to communal economies and the broader blockchain ecosystem.
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