TONX, the SuperApp platform that enables builders to enhance Web3 applications, is thrilled to announce its partnership with IoTeX for the integration of Decentralized Physical Infrastructure Networks (DePIN) on TON. This alliance aims to transform various sectors by combining the unique capabilities of TONX's platform with IoTeX's innovative DePIN technology.

In 2024, DePIN has become a significant focus in the Web3 landscape, with a Messari report projecting its addressable market could reach $3.5 trillion by 2028. DePIN fundamentally utilizes blockchain technology to encourage and reward the development and maintenance of decentralized infrastructures.

With a user base exceeding 950 million on Telegram, TONX's partnership opens doors for more DePIN builders. Recognized as crucial levers for the widespread adoption of blockchain technology, both DePIN and TON enhance this integration. TONX now serves as a connector to Telegram’s extensive audience, with IoTeX providing the essential modular DePIN infrastructure.

Launch of “DePIN and TON Roadmap” Announced by TONX and IoTeX at The Open Summit 2024

At The Open Summit 2024, TONX and IoTeX announced the launch of the “DePIN and TON Roadmap,” set to begin execution in Q4 2024. This collaboration aims to co-develop a seamless DePIN infrastructure for a TON Web3 SuperApp. The initiative will focus on expanding use cases and establishing a dedicated fund to support projects that utilize IoTeX's platform for building DePIN applications on TON. By leveraging the existing 950 million TON mobile users, this partnership opens up new consumer-facing DePIN design opportunities. They are optimistic about entering consumer sectors such as healthcare, smart cities, and supply chain management through DePIN.

"At IoTeX, we firmly believe small teams with big hearts should have full support to build impactful DePINs. Because together, we can make more. That is the foundation of IoTeX's 2.0 mission to democratize DePIN for everyone." - Raullen Chai, CEO & Cofounder of IoTeX

Democratizing Smart City Technology: A Sustainable Future with TONX and IoTeX

TONX and IoTeX are leading the charge in making advanced technology equitable and sustainable for communities. By deploying decentralized sensors, neighborhoods can now implement smart street lighting, traffic management, and efficient public transportation systems, making cutting-edge technology accessible and manageable for residential households.

Additionally, communities can install solar panels and leverage blockchain technology to trade excess energy, significantly reducing their reliance on traditional power grids. This innovative approach not only empowers local residents but also fosters the adoption of green energy solutions, paving the way for a more sustainable future.

Boosting Supply Chain Management Transparency with DePIN on TONX

Supply chain management has emerged as a significant use case in the Web3 space, with blockchain technology offering unparalleled transparency and immutability for global vendors. By leveraging DePIN on TONX, various industries can access enhanced supply chain solutions that are easily manageable.

For instance, business owners can now monitor IoT sensors directly through the Telegram app, enabling them to streamline operations and improve overall efficiency. This integration not only enhances transparency but also empowers businesses to make more informed decisions in their supply chain processes.

Revolutionizing Healthcare: The Shift to Home-Based Solutions

A recent report by McKinsey highlights a significant trend in healthcare, indicating a shift from traditional facilities to home-based care. This transition underscores the need for accessible and affordable healthcare solutions in the coming years. 

Decentralized infrastructure has the potential to transform healthcare delivery, enabling communities to deploy IoT-enabled health monitoring devices via Telegram. This technology allows for the tracking of vital health metrics and the provision of telemedicine services, ensuring that patients receive timely care. Additionally, blockchain technology plays a crucial role in safeguarding the security and privacy of patient data, further enhancing the reliability of home-based healthcare solutions.

At the end of 2024, a comprehensive report on DePIN and TON, powered by IoTeX and TONX, will be released. This report will showcase various use cases and introduce a dedicated fund to support innovative projects within this category. It aims to provide valuable insights and foster further advancements in the decentralized infrastructure space. 

About TONX

TONX is the SuperApp platform layer that enables builders to create the new Web3 economy. As the pioneering partner of TON, TONX offers an open platform that connects developers, investors, and users to shape the frontiers of innovation. Their acclaimed TON Hacker House in 2024 fueled a wave of innovative Web3 projects. TONX API, a key product of TONX, is the driving force behind the 950 million-user Web3 SuperApp ecosystem. 

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About IoTeX

IoTeX is DePIN's modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains. It empowers developers to integrate Web3 into everyday life through innovations in connected vehicles, city mapping, green energy initiatives, super-charged fitness platforms, environmental data tracking, proof-of-presence applications, proof of humanity, and more. With the launch of W3bstream, the world's first zk off-chain compute framework for smart devices and real-world data, IoTeX has become the leading Decentralized Physical Infrastructure Network (DePIN) technology provider, enabling vertical innovations for machines, humans, businesses, and dApps to interact with trust and privacy. Backed by a global team of 60+ research scientists and engineers, IoTeX combines its EVM-compatible L1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines and sensors and dApps across the physical and digital world.

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