Krutika Adani
IoTeX and Polygon have joined hands to co-develop the former’s decentralized physical infrastructure network (DePIN), which will bring cross-chain operability and liquidity to the ecosystem via AggLayer.
Several projects on Polygon can now tap into the DePIN infra of IoTeX 2.0, with a few, like CoinFund, GEODNET, and DIMO, already using it.
Protocols and dApps on the Polygon chain can utilize IoTeX’s infrastructure, while the latter benefit from increased liquidity from Polygon.
A Decentralized Physical Infrastructure Network (DePIN) is a new era of shared infrastructure that pulls resources from individual participants on the network. Since the infrastructure has no single point of existence, it is far more resilient to failures than traditional infrastructure.
It is a decentralized service that connects blockchains so that they can benefit from each other.