IoTeX is an EVM-compatible Layer 1 blockchain that facilitates secure connection between Internet of Things devices and humans.

IoTeX is an EVM-compatible Layer 1 blockchain that facilitates secure interactions between humans and machines. With its focus on the Internet of Trusted Things, IoTeX empowers a decentralized network comprising DApps (such as Cyclone and Mimo), smart devices (including UCam and Pebble), services (like ioPay and ioTube), and digital assets. This ecosystem aims to provide enhanced value to end users.

Under the vision of MachineFi, IoTeX harnesses data from a vast number of IoT devices worldwide and records it on the blockchain, establishing a verifiable ""single version of the truth"" for assets as a basis of trust. This innovation carries profound implications, as it enables Web3 developers to directly engage with end users of devices in a peer-to-peer (P2P) manner, fostering incentive-based value creation without intermediaries. This paves the way for a decentralized real-world economy, much like how DeFi enables a virtual crypto economy.

By leveraging the power of blockchain technology, IoTeX is spearheading the integration of humans and machines, unlocking new possibilities for trust, value creation, and decentralized economic systems.

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