IoTeX, a DePIN infrastructure platform, is partnering with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer.
Decentralized network of physical infrastructure IoTeX is partnering with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer.
On Tuesday, Raullen Chai, CEO and co-founder of IoTeX, and Sandeep Nailwal, co-founder of Polygon, made a statement at the R3al World event in Singapore.
A statement shared with The Block indicates that the move is intended to leverage AggLayer’s cross-chain communication and liquidity sharing capabilities, thereby enabling IoTeX-based projects to spread rewards and enable users to resolve on the chain of their choice.
Nailwal stated that this integration not only improves cross-chain capabilities but also enables unparalleled liquidity and scalability opportunities for DePIN initiatives.
Polygon Labs and other core contributors are presently developing the AggLayer, an interoperability layer that is intended to support unified security and liquidity across a network of chains. In an effort to mitigate the potential consequences of a single chain’s failure, it implements ZK proofs.
ZK proofs enable one party to demonstrate to another that a statement is accurate without disclosing the underlying data, thereby improving the security and privacy of blockchain systems.
In July, IoTeX released a white paper for IoTeX 2.0, a technology stack that includes composable modules and a unified trust layer. This stack is intended to increase the adoption of DePIN and is backed by a token economy that connects DePIN dapps, Layer 2 chains, and devices.
Chai stated that our infrastructure will facilitate the seamless connection between any DePIN developer and the AggLayer, thereby enabling users to interact with DePIN applications across multiple blockchains.
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