IoTeX Expands DePIN Ecosystem Through Partnership With Xangle Validator

IoTeX Welcomes Xangle as Validator to Enhance DePIN Ecosystem

In a recent announcement, IoTeX, a front-runner in the decentralized blockchain space, has brought Korean blockchain infrastructure partner Xangle aboard as a validator for its Decentralized Physical Infrastructure Network (DePIN). This collaboration is set to drive growth and enhance the technical robustness of the IoTeX ecosystem, a significant leap for both companies in the rapidly evolving blockchain landscape.

Elevating the IoTeX Ecosystem

Xangle is a well-established name in blockchain infrastructure and research, having pioneered various Web3 initiatives in Korea through its platform, Xangle Portal, which showcases the latest in blockchain technology and analytics. With a user base exceeding 400,000, Xangle has been instrumental in bridging the gap between blockchain projects and their communities, solidifying its role as a key player in the Web3 industry.

As a validator, Xangle will significantly contribute to the IoTeX network by ensuring operational integrity and fostering community growth. Their extensive experience with other prominent global blockchain projects, including Aptos and Babylon, underscores their capability to add value to IoTeX's expanding ecosystem.

Achievements of IoTeX

IoTeX has consistently stepped up its influence within the decentralized infrastructure sector. Over the past year, the network has successfully processed over 150 million transactions while creating 340 million blocks, achieving an annual growth rate exceeding 25%. A staggering 360 million IOTX tokens have been staked, representing roughly 40% of the total supply. This large staking percentage not only reinforces the network’s security but also facilitates improved governance, illustrating a robust community commitment to IoTeX’s vision.

The addition of Xangle will likely enhance these numbers, as their community engagement strategies are expected to attract more users and stakeholders to the network.

Insight from Leadership

Lihan Lee, Co-CEO of Xangle, remarked on the significance of this partnership, stating, "Our role as an IoTeX validator signifies more than just technical validation; it represents a pivotal moment in making innovative Web3 infrastructures more accessible to users while boosting mainstream adoption. By leveraging our expertise and resources, we aim to elevate both the credibility and visibility of the IoTeX network."

Jing Sun, co-founder of IoTeX, echoed these sentiments, highlighting the alignment of both companies' missions to bolster the decentralized Web3 ecosystem. He stated, "Xangle’s extensive knowledge in blockchain infrastructure and data integrity will enhance the stability of our network and promote Web3's widespread adoption."

About the Companies

Founded on principles of decentralized technology, IoTeX prides itself on being the premier modular infrastructure platform that connects smart devices with real-world data using blockchain interactions. IoTeX aims to transform how data is utilized by turning personal devices into communal economies, thus tokenizing the