IoTeX, a leader in the Decentralized Physical Infrastructure Network (DePIN) realm, introduces W3bstream Devnet, enabling cost-effective and efficient DePIN dApp creation for diverse sectors. The platform integrates blockchain with physical systems, such as energy grids and supply chains, offering potential applications like transparent supply chains and peer-to-peer energy trading.
IoTeX’s W3bstream Devnet streamlines the development of data-driven DePIN dApps, potentially transforming various sectors, including wireless networks, AI computing, energy grids, mobility, and supply chains. With the user-friendly, no-code interface, IoTeX aims to significantly reduce development costs and expedite the go-to-market process, revolutionizing the DePIN sector.
The platform’s groundbreaking functionality has attracted partners like Drife, a Web3 competitor to Uber, and React Network, a green energy initiative. React Network’s Founder, Jason Badeux, hails W3bstream Devnet’s efficiency in delivering reliable DePIN solutions, showcasing IoTeX’s value in reducing project complexity.
W3bstream Devnet’s comprehensive developer interface, mobile SDKs, out-of-box solutions, and chain-agnostic environment facilitate orchestration and data sourcing from smart devices. Devices can produce ‘proofs of real-world activity,’ triggering smart contracts to reward users with digital assets, revolutionizing sectors like blockchain-based energy trading. With the forecasted DePIN market expected to reach $3.5 trillion by 2028, IoTeX’s W3bstream Devnet emerges as a vital catalyst for the sector’s growth, facilitating widespread adoption by overcoming regulatory and technological obstacles.