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The California-based venture capital firm invested in MachineFi Lab, IoTeX's core developer, because of its potential to unlock data value for users in ways never before seen For several years now, experts around the globe have agreed that data has become the most valuable commodity worldwide. In 2017, The Economist wrote that "the world's most valuable resource is no longer oil, but data.
Digital asset firm Gemini noted that they're pleased to announce support for a new set of crypto tokens.
IoTeX is an all-encompassing IoT-focused blockchain that's currently outperforming competition as per a Messari Research report.
The leading provider of crypto market intelligence also said IoTeX aims to bridge the Web3 gap by establishing a single version of the truth for real-world activity IoTeX enables devices to capture and ingest what happens in the physical world to communicate these events to Web3 dApps Messari, the leading crypto market intelligence provider, released an in-depth report saying IoTeX's Web3 efforts are unparalleled. "There are currently no other blockchain IoT projects as encompassing as IoTeX," the firm's report adds.
Kavan Canekeratne, Draper Dragon Senior Associate, whose company is significantly bullish on Web3 projects like IoTeX and its MachineFi vision, said his investment firm believes many projects have failed tokenomics and should focus on making them sustainable. Web3 is here to stay.
Citi Group calls the merge the most significant in crypto history since bitcoin launched JP Morgan analyst say that thanks to the merge, crypto has found its floor The news comes ahead of MachineFi Lab's historic W3bstream launch IoTeX and its core developer MachineFi Lab have announced they are prepared to fully support the Ethereum Merge, which could happen as soon as 19 September 2022. IoTeX is among several other blockchain projects that have come forward, announcing its solidarity with Ethereum's Proof-of-Work (PoW) to Proof-of-Stake (PoS) switch.
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.
The vigorous evolution across the crypto space has triggered several distinct altcoin projects. IoTeX has come up with a unique idea to empower billions of devices and dApps across the digital and real world. The young project looks optimistic about offering unique features.
In today's trading session, IoTex is down by 2 per cent, ending the past two days' bull run that had resulted in a 24 per cent price surge.
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.
The Fed rate hike may have pushed the IOTX/USDT higher, but the IoTeX price predictions remain overwhelmingly bearish.
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Samsung Next and Xoogler explained why they decided to get involved in this project.
In this episode of BeInCrypto's Video News Show, host Juliet Lima gives you our picks for the top-7 altcoins for June 2022. The post BeInCrypto Video News — Top 7 Altcoins For June 2022 appeared first on BeInCrypto.
IoTeX launches its new hardfork and Web3-compatible staking wallet.
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.
Be[In]Crypto looks at seven altcoins that show promise for the month of June and the developments surrounding their respective projects. The post Be[In]Crypto Presents Its Top Seven Altcoin Picks for June appeared first on BeInCrypto.
Last year, hackers launched nearly 10 million DDoS attacks that caused many companies to lose their reputation and money. Users experienced network downtime, making them lose confidence in projects and firms that are vulnerable because of a lack of more decentralized communication channels.
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.
