IoTeX Announces DePIN Surf Demo Day for Cohort 1 on April 30th, 2024
Summary
DePIN, as a narrative, has steadily gained traction in web-3 circles as the key to connecting the crypto industry with the global population of non-crypto natives whose lives depend on reliable physical infrastructure. Many projects start their journey by designing and executing the manufacturing and distribution of hardware, which can take several years, in addition to building out the rest of an onerous tech stack that includes firmware, middleware, and software. 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 worlds first 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.