Latest news with #IoTeX
Yahoo
05-06-2025
- Business
- Yahoo
Your GPS tracker could be making you money—IoTeX's Jing Sun explains how
Your GPS tracker could be making you money—IoTeX's Jing Sun explains how originally appeared on TheStreet. Imagine a world where your solar panel, GPS tracker, or flight monitor earns passive income 24/7 — feeding valuable data to AI giants and global businesses. That's the world IoTeX is building. Co-founder Jing Sun says their platform is at the center of a new machine economy — where real-world devices plug into Decentralized Physical Infrastructure Networks (DePINs) and start generating real yield. Jing Sun started in venture capital, backing deep-tech startups across AI, data, and IoT. But things changed in 2017. 'We saw a huge vision,' she said. Inspired by the Ethereum whitepaper, she co-founded IoTeX, a Layer 1 blockchain designed to connect device data with AI models and traditional businesses. 'From 2010 to 2018, I was running venture capital, investing in groundbreaking tech startups—AI, data, IoT, and edge companies,' she shared. Now, that vision is reality. IoTeX powers networks where communities contribute data from devices like GPS antennas or solar panels and earn rewards from AI firms and enterprises. 'We connect device data from the real world and feed it into AI models, specifically vertical AI models,' Sun said. You've heard of DeFi. But DePIN might be crypto's most promising real-world use case. 'Messari coined the term in 2021,' Sun said. 'We call it MachineFi—the financialization of machine data or resources.' DePIN projects crowdsource infrastructure that used to be run by governments or big tech—think GPS, solar, and flight tracking—and bring it to underserved regions. 'DePIN creates coverage for underserved areas through community contributions,' Sun added. Projects like GEODNET (GPS), Glow (solar), and Wingbits (flight tracking) are already live on IoTeX. 'These are meaningful for society,' Sun said. And they're making real money. 'You and I can purchase devices, deploy them in our city, and operate them,' Sun said. These devices gather data—like location or energy output—sell it to networks, and pay you in tokens. 'It's a kind of basic income,' she added. 'You become an operator of a diverse machine network and earn rewards.' For example, a $300–$500 GEODNET node earns tokens by feeding precise GPS data into robotics systems. With IoTeX's DePINScan dashboard, you can track earnings in real time. It's plug-and-play crypto that anyone can do. Jing Sun says DePIN is a perfect fit for traditional investors. 'The business model is very clear,' she said. These networks have revenue, cost structures, and customer demand. 'You can value them like a traditional company—gross margins, unit economics, current revenue, and projections.' And it's working. IoTeX is already powering 100+ DePIN projects with $2.7B in total locked value. 'We see huge potential to onboard traditional investors to crypto through DePIN,' Sun said. Even Franklin Templeton named DePIN a top crypto theme for 2025. Looking ahead, IoTeX wants to power the next generation of AI agents and smart devices. 'AI agents will run on devices and need identities to monetize their work,' Sun said. Their tools like ioID and W3bstream give devices identity and verify their data. 'Machines will be the biggest users of blockchain for payments and automation,' Sun predicted—and IoTeX is already building the foundation. Your GPS tracker could be making you money—IoTeX's Jing Sun explains how first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
21-05-2025
- Business
- Hamilton Spectator
Hivello and IoTeX Partner for $HVLO Staking
LONDON and AMSTERDAM, May 21, 2025 (GLOBE NEWSWIRE) -- Hivello , a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces $HVLO is now listed on DePINscan — the leading explorer and analytics platform for Decentralized Physical Infrastructure Networks (DePIN) on IoTeX . Through this listing, Hivello is significantly expanding its visibility and reach within the broader DePIN & IoTeX ecosystems. By being featured on DePINscan, users now have access to $HVLO through another trusted, transparent platform where they can find information about Hivello, learn about the $HVLO token, and participate in staking directly on IoTeX's L1 Blockchain. This not only strengthens Hivello's discoverability among crypto-native and DePIN-aligned communities, but also creates a more accessible entry point for new users looking to understand and engage with decentralized infrastructure. As DePIN adoption accelerates globally, this integration ensures that Hivello is well-positioned at the center of a rapidly evolving movement, DePIN. With over 13 million active devices contributing to DePIN networks daily, the market is projected to grow from $50 billion in 2024 to $3.5 trillion by 2028 (Messari, Q1 2025) . By partnering with IoTeX, Hivello is not only increasing visibility, it is providing users with the tools, incentives, and entry points needed to help more people onboard into this new, decentralized movement. 'Partnering with IoTeX to bring HVLO staking to DePINscan is a meaningful step for us,' said Domenic Carosa, Chairman of Hivello. 'It allows us to open up HVLO and Hivello in a greater way to the IoTex ecosystem and community who wish to participate even more in DePIN. This aligns perfectly with our mission to onboard the next wave of Web2 users into Web3.' 'By converging technical innovation with powerful partnerships, this launch marks a major step forward in expanding DePIN accessibility and participation,' added Qevan Guo, CTO and Co-Founder of IoTeX. About IoTeX : IoTeX is a Layer 1 blockchain platform designed to power decentralized physical infrastructure networks (DePIN) and real-world Web3 applications. It provides the tools, scalability, and infrastructure needed for projects to connect physical devices to blockchain in a secure, efficient, and decentralized way. Website | X | Discord About Hivello : Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all. Website | X | Discord | LinkedIn | Youtube Contact information: Karla Janse van Rensburg Marketing coordinator @ Hivello karla@ A photo accompanying this announcement is available at
