- IoTeX and Polygon Labs partner to merge IoTeX 2.0 with AggLayer for enhanced cross-chain DePIN adoption.
- AggLayerโs integration brings unified liquidity and ZK proofs, boosting security across multiple blockchains.
- New IoTeX infrastructure supports seamless multi-blockchain operations, linking DePIN dApps, Layer 2 chains, and devices.
IoTeX, a decentralized physical infrastructure network, has partnered with Polygon Labs to integrate its IoTeX 2.0 blockchain with AggLayer. Raullen Chai, CEO and co-founder of IoTeX, and Polygon co-founder Sandeep Nailwal made the announcement at the R3al World event in Singapore. This collaboration is expected to help increase the use of a decentralized physical infrastructure network (DePIN) through AggLayerโs effective cross-chain messaging and liquidity pooling.
๐๐ผ๐ง๐ฒ๐ซ ๐ฎ๐ป๐ฑ ๐ฃ๐ผ๐น๐๐ด๐ผ๐ป ๐๐ฎ๐ฏ๐ ๐ฝ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ผ ๐ฏ๐ฟ๐ถ๐ป๐ด ๐๐ด๐ด๐๐ฎ๐๐ฒ๐ฟ ๐๐ผ ๐๐ต๐ฒ ๐๐ผ๐ง๐ฒ๐ 2.0 ๐ฏ๐น๐ผ๐ฐ๐ธ๐ฐ๐ต๐ฎ๐ถ๐ป ๐ฅ@iotex_io teams up with @0xPolygon for the AggLayer integration. DePIN developers will be able to connect with the AggLayer and allowโฆ pic.twitter.com/kEzrHyUdRE
โ IoTeX_Daily (@iotex_daily) September 17, 2024
AggLayer, an interoperability layer currently being developed by Polygon Labs and other contributors, is designed to provide unified liquidity and security across multiple blockchains. This strategic integration will allow IoTeX-based projects to issue rewards and offer users a choice of blockchain on which to settle transactions, thus fostering a more fluid and scalable multi-chain ecosystem.
Enhancing Cross-Chain Capabilities and Liquidity
The integration with AggLayer is set to unlock new liquidity and scaling opportunities for projects based on the IoTeX platform. By connecting different blockchain ecosystems, AggLayer facilitates smoother and more secure interactions across chains. This is particularly crucial for DePIN projects, which often require robust cross-chain capabilities to operate effectively. The use of zero-knowledge (ZK) proofs in AggLayer ensures that issues in one chain do not compromise the integrity or security of others, thereby enhancing the overall reliability of the blockchain infrastructure.
IoTeXโs upgrade to the 2.0 version, as detailed in their July white paper, includes composable modules and a unified trust layer to propel DePIN adoption to new heights. The white paper outlines a token economy that links DePIN dApps, Layer 2 chains, and devices, creating a comprehensive infrastructure that supports seamless integration with AggLayer. This infrastructure is designed to enable developers to easily build and deploy DePIN applications that can operate across multiple blockchains, enhancing the user experience and expanding the use of decentralized applications.
Polygon Labs and IoTeX: A Growing Ecosystem
Since its introduction in January, the blockchain aggregation layer developed by Polygon Labs has aimed to amalgamate several chains into one unified network to facilitate aggregated liquidity and security. The integration with IoTeX is part of a broader strategy to expand this ecosystem, which already includes a variety of projects such as OKXโs X Layer, Immutable, and Astar, among others. These projects are utilizing or planning to use the Polygon Content Deployment Kit (CDK) to develop their Layer 2 networks and connect to AggLayer.
The recent collaboration with crypto hardware manufacturer Fabric Cryptography, which brought custom ZK chips into the AggLayer ecosystem, is a testament to the ongoing enhancements in blockchain technology being spearheaded by Polygon Labs. Additionally, various projects within the Polygon ecosystem, including the geospatial data network Geodnet and the vehicle data monetization platform Dimo, have leveraged IoTeXโs infrastructure to enrich their applications and services.