IoTeX Network

Calling its vision MachineFi, IoTeX pulls data from potentially billions of IoT devices around the world onto the blockchain, creating a verifiable "single version of the truth" for the assets, as the foundation of trust. The implications of the innovation are significant. It means Web3 developers can engage at a peer-to-peer (P2P) level with end users of devices, building incentive-based value creation, without the need for intermediaries. This in turn enables a future decentralized real-world economy, in the same way Decentralized Finance (DeFi) enables a virtual crypto economy.