The partnership between IoTeX and Nodle opens the way for far more interoperability and, an increased pool of users, while driving demand for DePIN projects, while also increasing the supply side by providing more infrastructure modularity.
SAN FRANCISCO, May 23, 2024 /PRNewswire-PRWeb/ -- IoTeX, a DePIN modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains, announces its partnership with Nodle (NODL), a DePIN network that connects the physical world to Web3 by using smartphones as edge nodes, onboarding 780,000 mobile devices into the DePIN Ecosystem while bringing greater interoperability and adoption into the DePIN vertical.
Jing Sun, Co-Founder and Head of Investment of IoTeX, said "We are thrilled to announce our partnership with Nodle, which marks a significant milestone in our journey towards bringing DePIN to the masses. By leveraging Nodle's extensive network of smartphones, we aim to enhance the robustness and redundancy of decentralized computing, bringing us closer to realizing the full potential of Web3. This collaboration is a testament to our commitment to fostering innovation and driving the adoption of cutting-edge solutions in DePIN."
Garrett Kinsman, Co-founder of Nodle, said "IoTeX is one of the early innovators in DePIN and we are excited to collaborate to bring the next generation of Web3 apps to billions of smartphone users and enterprise customers. In recent months, we've launched Web3 apps in asset tracking and photography. Partnering with IoTeX will help us bring these apps to a wider global audience and demonstrate what's possible through the DePIN ecosystem."
This partnership between IoTeX and Nodle, which will be rolled out in phases and is set to enhance the DePIN ecosystem through various initiatives. In phase one, Nodle has integrated its device network map with DePINscan making Nodle the largest and fastest growing DePIN project on the IoTeX platform with over 780,000 mobile devices. DePINscan, which launched in August, has become a leading source for DePIN intel, hosting over 40 DePIN projects with a combined market cap of $40 billion.
Previously, IoTeX introduced a new liquidity hub on the Mimo DEX, tailored for DePIN projects. The hub 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.
To learn more about the partnership, please visit this link.
For media inquiries, please contact Phil LeRoy at (310) 260-7901 or Phil(at)MelrosePR(dot)com
About IoTeX
IoTeX is DePIN's modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains. It empowers developers to integrate Web3 into everyday life through innovations in connected vehicles, city mapping, green energy initiatives, super-charged fitness platforms, environmental data tracking, proof-of-presence applications, proof of humanity, and more. With the launch of W3bstream, the world's first zk off-chain compute framework for smart devices and real-world data, IoTeX has become the leading Decentralized Physical Infrastructure Network (DePIN) technology provider, enabling vertical innovations for machines, humans, businesses, and dApps to interact with trust and privacy. Backed by a global team of 60+ research scientists and engineers, IoTeX combines its EVM-compatible L1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines and sensors and dApps across the physical and digital world.
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About Nodle:
Nodle is a digital trust network for social good that connects the world by using smartphones as nodes to create a DePIN for real-world use cases. This network is decentralized, private, secure and scalable, making it perfect for digital witnesses, smart missions and micro-transactions. With its proprietary ContentSign technology and global reach in 193 countries, Nodle empowers developers to build unique applications for things like sourcing trusted digital content, locating assets or accessing remote sensors. For example, Nodle recently launched the Click camera app to establish proof of provenance for media and certify the authenticity of user-generated content. Anyone with a smartphone can join the Nodle network today. Download Nodle on iOS or Android and visit us at nodle.com.
Media Contact
Phil LeRoy, IoTeX, (310) 260-7901, [email protected], https://iotex.io/
SOURCE IoTeX
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