IoTeX has introduced the Modular DePin Infrastructure, designed to enhance decentralised physical infrastructure networks (DePins) in Web3 technologies.
This innovative approach aims to streamline operations and reduce costs compared to traditional infrastructures.
It addresses common challenges faced by DePin startups, such as funding limitations and technical complexities, by offering a flexible, community-driven framework.
The infrastructure enables developers to assemble customised applications using various modules like hardware abstraction, connectivity, and blockchain integration, promoting adaptability and community ownership.
Successful applications of this modular system include sensor networks monetising physical data and connectivity networks utilising wireless technologies.
Projects like DIMO and Render Network showcase its versatility in enhancing Web3 connectivity and computing resources.