IoTeX's MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses

Ankr and IoTeX meet on Twitter Spaces to discuss the future of IoT and how with blockchain technology, IoTeX can enable "all of us" to own our machines and data We all produce data constantly, even unsuspectingly, as all smart devices and machines are built to gather data for profit. A Domo report states each person generated 1.7 MB every second in 2020.

Timeline of Iotex

Since 2017, IoTeX has solely focused on building cutting-edge Web3 technology to reward hundreds of millions of people for contributing data and resources from billions of smart devices and carrying out everyday activities. However, as with many other projects in the space, the IoTeX team has also focused on research and development resources to ensure mass crypto and blockchain mainstream adoption.

IoTeX launched a hard fork on May 31, 2022, making it the world's first blockchain to enable Web3-compatible wallet staking. It also makes IOTX token staking accessible to millions of new users.

IoTeX is pleased to announce its participation in Google Cloud's Born-Digital Summit 2022 on 12 May. The event is a free live digital event for startups, digital natives, and VC ecosystems to share learnings and best practices and support these companies in their business and technological journey.

US-based cryptocurrency exchange Bittrex announced the listing of IoTeX's token IOTX, a MachineFi-focused blockchain project that just recently celebrated four years since its first code release. Bittrex, founded in Seattle, currently ranks 23 out of 306 crypto exchanges on CoinMarketCap with nearly $90 million in daily trading volume.