IoTeX Partners with Polygon Labs and Integrates with AggLayer for Cross-Chain DePIN Liquidity

Article is form Jinse
September 17, 2024
This article is translated by ChatGPT Show original
Back Icon Image

Golden Finance reports that IoTeX, a decentralized physical infrastructure network, is partnering with Polygon Labs to integrate its IoTeX 2.0 blockchain with AggLayer. This move aims to leverage AggLayer's cross-chain communication and liquidity sharing capabilities, enabling IoTeX-based projects to distribute rewards and allowing users to settle on their chosen chains.

"This integration not only enhances cross-chain capabilities for DePIN projects through AggLayer, but also unlocks unprecedented liquidity and scaling opportunities through AggLayer," said Sandeep Nailwal, co-founder of Polygon. "By providing a dedicated platform that seamlessly connects with different ecosystems, these projects are able to thrive in a multi-chain world."

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.