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