IoTeX and Polygon Labs announce IoTeX 2.0 integration with AggLayer

IoTeX,
a
decentralized
physical
infrastructure
network,
and
Polygon
Labs
have
announced
that
IoTeX
2.0
will
integrate
with
AggLayer
to
power
cross-chain
communication
and
liquidity
across
the
DePIN
ecosystem.

Raullen
Chai,
the
chief
executive
officer
and
co-founder
of
IoTeX
(IOTX),
disclosed
the
partnership
on
Sept.
17
at
the
R3al
World
event
in
Singapore.

As
the
DePIN
market
experiences

significant
growth,
developers
have
focused
on
innovations
that
can
enhance
communication
and
cross-chain
liquidity.

Polygon
projects
tap
into
IoTeX
infrastructure

AggLayer
is
a
decentralized
service
designed
to
connect
blockchains,
enabling
projects
on
different
chains
to
programmatically
distribute
rewards.
The
protocol’s
infrastructure
promotes
efficiency
and
further
scales
the
$19.7
billion
DePIN
market,
according
to
a
press
release
shared
by
IoTeX
and
Polygon
Labs.

Notably,
multiple
projects
on
Polygon
(POL)
have
integrated
IoTeX
technology,
including
CoinFund
and
Pantera
Capital-backed
DePIN
project
GEODNET,
and
DIMO,
a
user-owned
network
that
turns
users’
car
data
into
assets.

GEODNET
joined
IoTeX
as
it
launched
the
DePIN
Liquidity
Hub,
while
DIMO
leveraged
IoTeX’s
layer-2
protocol

W3bstream
for
its
zero-knowledge
proofs
concept
on
data
privacy
and
off-chain
computation.

IoTeX
2.0

IoTeX
and
Polygon
Labs
first
collaborated
in
2021,
working
together
on
a

cross-chain
bridge
and
non-fungible
token
initiative.

IoTeX
released
its

IoTeX
2.0
whitepaper
in
July
2024,
with
the
broader
goal
being
a
modular
blockchain
network
that
accelerates
DePIN
adoption.
IoTeX
2.0
launch
partners
include
Near
Protocol
(NEAR),
Filecoin
(FIL)
and
RISC
Zero.
Others
are
OKX,
Axelar
and
The
Graph
(GRT).