What does DePIN stand for? DePIN stands for Decentralized Physical Infrastructure Networks. It's a new way to build and maintain infrastructure in the physical world. This "infrastructure" can be anything from WiFi hotspots in wireless networks to solar-powered home batteries in energy networks. DePINs are built out in a decentralized way, by individuals and companies all over the world, for anyone to use. In return, these contributors receive financial compensation and an ownership stake in th

With our community voting in full favor on the IoTeX Improvement Proposal 14, Account Abstraction has finally hit the IoTeX Mainnet and Testnet, and its features are now available for all ecosystem devs. So, what is AA, how does it work, and how can you use it in your next application? A Quick Refresher Account Abstraction (AA) as defined by ERC-4337, "allows users to use smart contract wallets containing arbitrary verification logic instead of EOAs as their primary account." ERC-4337 introdu

Introducing SGD (Sharing of Gas Fees with Developers) In the complex world of blockchain tokenomics, it's relatively rare for a "new" idea or mechanism to be presented, gain traction, and be implemented by multiple chains at the same time. The concept we'll discuss here is called SGD (sharing of gas fees with developers) and it's being explored/implemented by protocols like Ethereum, IoTeX, NEAR, Fantom, and Canto. SGD is the concept of sharing a portion of the gas fees generated by smart cont

Introducing the Best Moderators initiative. Moderators have built a sense of unity within the IoTeX community – often working behind the scenes.

Web3 is getting easier with IoTeX Improvement Proposal 22: IoTeX Domain Name Service. Crypto addresses are frustratingly long, garbled strings like “lswli4yuofd8a0s” – a clunky mechanism that often leaves room for error when inputting. And as cryptocurrencies become mainstream, there will be a substantial market for Web3 addresses. IoTeX Name Service (INS) proposes to map human-readable names like “raullen.io” to lengthy crypto addresses, immensely simplifying the Web3 experience. Similar to

The IoTeX Core Release 1.11.0 opens a new frontier for developers, introducing the much-anticipated IIP-13 (Represent Staking Buckets As Non-fungible Tokens) and IIP-14 (Account Abstraction via EntryPoint Contract) features. With overwhelming support from our community, these updates are set to revolutionize the way staking mechanisms and account operations are handled in the IoTeX blockchain. This new version features a crucial hardfork, set to be activated on the IoTeX mainnet at block height

We are thrilled to announce that IoTeX has partnered with Port3! We are currently in negotiations regarding various aspects of collaboration, with a focus on integrating Port3's SoQuest and its diverse functionalities into IoTeX's products. This partnership aims to provide a robust and customizable task platform solution for projects within the IoTeX ecosystem, offering our users an attractive and thriving quest center at the same time. SoQuest, a leading web3 task platform, has developed Ques

W3bstream, developed by the IoTeX core team, is a cutting-edge computational infrastructure designed to revolutionize the way applications can verify and utilize real-world data to tokenize user behaviors in the physical world. W3bstream effectively acts as the underlying infrastructure for DePIN (Decentralized Physical Infrastructure Network) projects, driving innovation and collaboration in the web3 landscape. W3bstream Devnet We are excited to announce the W3bstream Devnet release, a signi

DePIN is the world’s most ambitious startup sector, taking on web2 and realigning digital infrastructure to meet modern demand. But building a DePIN app requires a seven-layer tech stack spanning hardware and token economics. Thankfully, W3bstream abstracts multiple middleware layers into a single, uniform interface that cuts development time from years to weeks, opening up the DePIN design space.This series's third and final part explores how DePIN applications are startup ecosystems unto thems

As recently announced, the IoTeX blockchain's governance community has voted to approve the IIP-21 to bridge the native IOTX from the IoTeX network to Ethereum and implement CIOTX (Cross-chain IOTX) token on Ethereum. This plan aims to improve our native token's utilization and demand in DeFi protocols on Ethereum and exchanges. The community participated quite extensively as 334 wallets registered to vote, representing 306 million staked IOTX with 73.77% voting in favor and the remaining 26.23

“We emphasize a billion users coming into Web3, and for me that’s gonna come from real-world applications that are a part of daily life.” –Firdosh Sheikh, founder and CEO of DRIFE DePIN is a multi-trillion dollar opportunity addressing the base problems of society. But DePIN is hard. “[DePIN founders] have to build hardware, middleware, middleware for the hardware, software, and smart contracts,” says Raullen Chai. IoTeX has spent the last six years building the necessary infrastructure to make

IoTeX was founded in 2017 to supercharge the decentralization and productivity of real-world technology. Six years later, physical devices are transitioning from centralized ownership to decentralized physical infrastructure networks (DePINs). With the launch of W3bstream, IoTeX is established as a DePIN leader and a catalyst for one of the most significant technical transformations of the decade; with a market size projected to grow to $3.5 trillion by 2028. In this three-part blog series, we

Many industries are looking at Web3 as a promising solution to trust and transparency issues. A core benefit of Web3 is decentralized governance—consensus-driven decision-making and community participation—as demonstrated in IoTeX Improvement Proposals (IIPs). Decentralized governance can be challenging to manage as a blockchain network evolves, growing in size and complexity. Enter Soulbound Tokens or SBTs. SBTs are a new token standard that could improve governance models of blockchain net

Across the growing industry, there’s an increasing demand for more user-friendly dApps that make Web3 more accessible. Account Abstraction has been a hot topic in the Web3 community for several years, but without a solid foundation, it simply couldn’t work. Account Abstraction is a powerful feature that can make IoTeX a more user-friendly and safe platform by improving ease of use while retaining optimal security—a significant design improvement over externally owned accounts (EOAs). By break

IoTeX community members received Soulbound Tokens (SBT) for their recent participation in IoTeX's 13th Improvement Proposal (IIP-13) vote to support ether (ETH) liquid staking derivatives. In total, IoTeX distributed 123 to those who staked 141 million IOTX tokens representing 97% of the votes in favor of the IIP-13 to increase the IOTX staking ratio to enhance network security by expanding the number of validators that process transactions and maintain the blockchain. The proposal included na

A DeFining proposal awaits your approval—maximizing the upgradability, security, and flexibility of IoTeX. IIP-13 (IoTeX Improvement Proposal 13) clears the way for Liquid Staking dApps and interest-earning derivatives to flourish in the IoTeX ecosystem. By enabling new use cases for staked IOTX, this IIP can contribute to a more dynamic and versatile ecosystem, ultimately benefiting token holders and developers alike. By representing staking buckets as non-fungible tokens (NFTs), the IoTeX n

Gnosis Safe is a popular Ethereum-based multi-signature wallet designed for teams and organizations to manage their digital assets securely. GS has been widely used by many decentralized applications in the web3 space and it has become the go-to tool for many developers wishing to add an extra layer of security in their products. IoTeX partner Protofire has deployed a Gnosis Safe fork on the IoTeX network for a tri-party collaboration to enable robust tools for the IoTeX developer ecosystem. G

In case you hadn’t heard, we were at ETHDenver… where we held our own event: R3AL WORLD. It was a first for our DePIN sector and the first time the world got to see and experience our burgeoning sector in R3AL LIFE. Across the day, we had close to 1000 attendees walk through the door. The venue was packed from morning to close because the day was stacked full of engaging, inspiring, and experiential participation. Whether it was getting into the DIMO car, playing with the SmartPoint kiosk, part

The atmosphere of R3al World was nothing short of electric. We packed immense energy inside the venue—12 demo projects, 24 investor pitches, three tech talks, and four panels captivated nearly a thousand attendees. Fifteen diverse speakers took the stage at R3al World, making it a sensational experience. Look behind the scenes with the highlights from our first ETHDenver event. The Day Before With our boots firmly on Denver ground, we wasted no time preparing for the event opening. Our t

Connecting the “real world” to Web3 is an ambitious endeavor. That’s why, alongside our award-winning Lab, we’ve built a global network of like-minded partners who share our mission to build scalable, sustainable infrastructure that’s as beneficial for individuals as it is for industry. In a first for W3bstream, we’ve joined forces with SmartPoint.io to connect millions of market-ready devices to the IoTeX network in a long-term plan to catalyze Web3 adoption. “SmartPoint.io is a commercial br