IoTeX (CRYPTO: IOTX) — Company Overview, News & Financial Data
IoTeX is a modular Web3 infrastructure platform designed to connect smart devices, real-world data, and physical infrastructure networks to blockchain ecosystems.
IoTeX
About
IoTeX is a modular Web3 infrastructure platform designed to connect smart devices, real-world data, and physical infrastructure networks to blockchain ecosystems. Founded by a team of cryptography and distributed systems engineers, the platform combines an EVM-compatible Layer-1 blockchain, off-chain compute infrastructure, and decentralized identity protocols. Its technology stack enables developers to connect physical hardware, verify sensor data, and power Decentralized Physical Infrastructure Networks (DePIN) alongside physical artificial intelligence applications. The ecosystem features tools for data verification, cross-chain bridging, hardware identity management, decentralized computing, and tokenized machine economies across multiple industries.
Snapshot
Operations
Products and/or services of IoTeX
- Layer-1 Blockchain: An EVM-compatible Layer-1 network optimized for real-world data processing, smart contracts, and decentralized infrastructure management. The chain provides fast block finality, low transaction fees, and native cross-chain interoperability for decentralized applications and physical device networks.
- Off-Chain Compute Network: An off-chain compute protocol named W3bstream that ingests real-world sensor data, generates zero-knowledge proofs of physical activity, and relays verifiable information to smart contracts across multiple EVM and non-EVM blockchain networks.
- Decentralized Identity Protocol: A self-sovereign hardware identity protocol called ioID that assigns unique cryptographic credentials to machines, sensors, and physical devices, enabling automated machine-to-machine interactions, verifiable data provenance, and decentralized device ownership tracking.
- Non-Custodial Crypto Wallet: A multi-chain mobile and desktop wallet application named ioPay that allows users to manage digital assets, stake native utility tokens, interact with decentralized applications, and track connected hardware devices across supported blockchain networks.
- Cross-Chain Asset Bridge: A decentralized bridge protocol named ioTube that facilitates cross-chain transfer of tokens and assets between the native layer-1 network and external blockchains, including Ethereum, Binance Smart Chain, and Polygon.
- Ecosystem Explorer and Analytics Platform: Web-based block explorers and infrastructure analytics tools providing real-time data on network transactions, smart contract deployments, validator performance, and connected physical hardware metrics across global decentralized physical infrastructure networks.