IoTeX and TONX have announced a strategic partnership at The Open Summit in Taipei. The collaboration will integrate IoTeX’s modular capabilities with Telegram applications, aiming to bolster The Open Network’s (TON) blockchain infrastructure and potentially onboarding Telegram’s vast 950 million user base into the burgeoning DePIN (Decentralized Physical Infrastructure Networks) sector.
“This integration positions TONX as a bridge to Telegram’s extensive user base, while IoTeX provides the underlying modular DePIN infrastructure. It will transform various industries by leveraging the unique strengths of TONX’s platform layer and IoTeX’s DePIN technology,” TONX stated.
Since the beginning of the year, TON has successfully launched several decentralized applications (dApps) with substantial user engagement through the integration of Telegram mini-programs. IoTeX, a leading DePIN infrastructure provider, will collaborate with TON in key areas like smart cities, supply chain management, and healthcare. The partnership seeks to create advanced DePIN applications and offer scalable user scenarios to foster widespread DePIN adoption.
TONX, a SuperApp platform enabling Web3 economy creation, has actively pursued strategic partnerships. In May, the platform launched a $5 million acceleration plan to enrich TON’s Web3 ecosystem. At the ongoing Open Summit, TONX’s co-founder, Dr. Awesome, also announced a collaboration with Alibaba Cloud to expand TONX into the “APAC and MENA developer ecosystems.”
IoTeX is concurrently accelerating its modular strategy, introduced in its 2.0 version. The leading modular infrastructure platform tailored for DePIN aims to connect over a billion devices in the next 3-5 years, potentially unlocking a trillion-dollar DePIN market value. Collaboration with the TON ecosystem is instrumental in realizing this goal.
IoTeX continues to forge partnerships to fuel ecosystem growth. Last month, it teamed up with DePIN aggregator Hivello to integrate IoTeX’s latest DePIN technologies. This collaboration aims to enable Hivello users to dual-mine both Hivello-based and IOTX DePIN tokens.
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