Xangle Joins IoTeX as Validator to Boost DePIN Ecosystem Growth
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Xangle Joins IoTeX as Validator to Boost DePIN Ecosystem Growth

Title: IoTeX Welcomes Xangle as Network Validator in DePIN Ecosystem Expansion

In a recent announcement, IoTeX, the leading blockchain building Decentralized Physical Infrastructure Network (DePIN), revealed that Xangle, a prominent Korean blockchain infrastructure company, will be joining as a network validator. This partnership is expected to strengthen IoTeX’s community-driven ecosystem expansion and technical stability.

Xangle, known for providing ecosystem-oriented community hubs, explorers, and Web3 analytical reports, has been a key player in the blockchain space since 2018. With the operation of Xangle Portal, Korea’s leading Web3 platform, Xangle has expanded its role within the Web3 space, participating as a validator for major global blockchain projects.

IoTeX’s significant growth in the DePIN sector in 2024 solidified its position as a leading infrastructure provider, recording over 150 million transactions and 340 million blocks processed. With more than 360 million IOTX tokens staked, IoTeX has enhanced network security and governance, paving the way for mainstream adoption of Web3 technologies.

Lihan Lee, Co-CEO of Xangle, emphasized the importance of their participation as an IoTeX validator in making Web3 infrastructures like DePIN more accessible and driving mainstream adoption. IoTeX’s co-founder, Jing Sun, highlighted the expertise and credibility that Xangle brings to strengthen the network’s stability and accelerate Web3 adoption.

IoTeX, as the leading provider of DePIN infrastructure, connects smart devices and real-world data to blockchains, enabling new rewards and communal economies. Xangle, as Korea’s leading Web3 research and infrastructure provider, offers institutional-grade research, analytics, and infrastructure to bridge blockchain projects with users.

In conclusion, the partnership between IoTeX and Xangle marks a significant milestone in the growth of the DePIN ecosystem. With a focus on transparency, credibility, and mainstream adoption, both companies are poised to drive innovation and expansion in the Web3 space. Stay tuned for more updates on this exciting collaboration.