IoTeX announces the launch of W3bstream Devnet

ChainCatcher news, IoTeX announced the launch of W3bstream Devnet, an infrastructure designed to provide developers with a cost-effective way to build DePIN for various sectors such as commercial, consumer, and industrial.

DePIN refers to the integration of traditional physical infrastructure systems with decentralized technologies. This innovative concept integrates blockchain and other dApps with physical systems and networks, such as energy grids, supply chains, transportation, or wireless networks.

Several DePIN projects will leverage the advantages of W3bstream. These include Uber's Web3 competitor Drife and the green energy initiative React Network. Both projects are part of the release partnership for W3bstream's Devnet version.