IoTeX and TONX announced a strategic partnership during The Open Summit in Taipei. The partnership will integrate IoTeX’s modular capabilities with Telegram applications, aiming to strengthen The Open Network’s (TON) blockchain infrastructure and potentially integrate Telegram’s massive 950 million user base into the fast-growing DePIN (Decentralized Physical) sector Infrastructure Networks).
“This integration positions TONX as a bridge to Telegram’s extensive user base, while IoTeX provides the underlying modular DePIN infrastructure. It will transform several industries by leveraging the unique strengths of TONX’s platform layer and IoTeX’s DePIN technology.” said TONX.
Since the beginning of the year, TON has successfully launched several decentralized applications (dApps) with significant user engagement through the integration of Telegram mini-programs. IoTeX, a leading provider of DePIN infrastructure, will collaborate with TON in key areas such as smart cities, supply chain management and healthcare. The partnership aims to create cutting-edge DePIN applications and provide scalable user scenarios to promote widespread adoption of DePIN.
TONX, a SuperApp platform that enables the creation of a Web3 economy, has been actively pursuing strategic partnerships. In May, the platform launched a $5 million acceleration plan to enrich TON’s Web3 ecosystem. During the ongoing Open Summit, TONX co-founder Dr. Awesome, also partnered with Alibaba Cloud to expand TONX into the “APAC and MENA developer ecosystems.”
IoTeX is simultaneously accelerating its modular strategy, introduced in version 2.0. The industry-leading modular infrastructure platform, tailor-made for DePIN, aims to connect more than a billion devices over the next three to five years, potentially unlocking a trillion-dollar DePIN market value. Collaboration with the TON ecosystem plays an important role in realizing this goal.
IoTeX continues to forge partnerships to fuel ecosystem growth. Last month, it partnered with DePIN aggregator Hivello to integrate IoTeX’s latest DePIN technologies. This partnership aims to enable Hivello users to dual-mine both Hivello-based and IOTX DePIN tokens.
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