IoTeX Partners With Eliza Labs

IoTeX has announced a strategic partnership with Eliza Labs to bring Physical AI Agents to life through DePIN networks. The collaboration includes the DePIN Plugin integration with Eliza OS, which is now live, and the launch of the first DePIN-aware AI Agent, Bino AI, also live.

IOTX Info

IoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.

IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.

At the core of IoTeX is the concept of "blockchain within a blockchain." The main network, or "root blockchain," is responsible for network management and security, while internal blockchains, or "sub-blockchains," are used to manage various IoT devices and process transactions.

The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.