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Jul 18, 10:02 AM
IoTeX 2.0 and Arweave Lead DePIN Revolution with $20M Raise by peaq Network
VC
Blockchains
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Crypto

IoTeX 2.0 and Arweave Lead DePIN Revolution with $20M Raise by peaq Network

Authors
  • NEAR Protocol
  • The Graph
  • IoTeX
17

Decentralized Physical Infrastructure Networks (DePIN) are gaining significant traction, revolutionizing various industries by decentralizing physical infrastructure. The latest advancements include IoTeX 2.0, which has upgraded its L1 blockchain into an open modular infrastructure for all DePINs, incorporating composable modules, a unified trust layer, and new tokenomics. This upgrade is expected to enhance the DePIN ecosystem, enabling greater innovation and resilience. Additionally, Arweave has integrated arbitrary scale computing into its decentralized ecosystem, further solidifying its position in the space. Projects like peaq network, which achieved the largest raise on CoinList in over 2 years with $20M and 2x oversubscription, and collaborations with platforms like NEAR DA, are also contributing to the rapid growth and adoption of DePIN technology. CoinDesk's robmsolomon highlights how DePIN is revolutionizing connected car culture. RISC Zero is providing ZK compute to all DePIN builds, further enhancing the ecosystem.

Written with ChatGPT (GPT-4o).

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