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IoTeX

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IoTeX is an open-source blockchain platform enabling secure, private, and decentralized IoT interactions, empowering developers with middleware and hardware for trusted applications, powered by the IOTX token.

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Raullen's Web3 Journey

  • Background at Google, Uber, and Oracle in cryptography and security.
  • Transitioned to Web3 to integrate real-world data with blockchain.
  • Founded IoTeX to address trust and data challenges in IoT.

Mental Model Behind Starting IoTeX

  • Vision to bridge physical and digital worlds via decentralization.
  • Focus on secure, verifiable IoT data integration with blockchain.
  • Aims to ensure trust in real-world data for DePIN applications.

IoTeX's Journey Over the Past Few Years

  • Evolved into a modular Web3 infrastructure for DePIN.
  • Introduced W3bstream for decentralized real-world data applications.
  • Processed over 10 million transactions since 2019 launch.

Advice for Entrepreneurs Entering the DePIN Space

  • Solve real-world problems with scalable infrastructure.
  • Build user-driven, decentralized systems with incentives.
  • Focus on practical, impactful solutions for adoption.

Playbook for Fundraising Strategies

  • Align with investors sharing long-term project vision.
  • Communicate clear goals, impact, and roadmap.
  • Build trust to attract and retain supportive stakeholders.

Planning and Executing a Token Strategy

  • DePIN AI Strategic Reserve empowers token holders.
  • Diversifies asset base for sustainable ecosystem growth.
  • Strengthens IOTX’s value proposition within DePIN.

IoTeX's Vision for 2025

  • Power smart cities with decentralized infrastructure.
  • Enable individuals to contribute data for equitable systems.
  • Integrate blockchain for efficient urban environments.

Raullen's Favorite Booming Sectors for 2025

  • AI, clean energy, and decentralized infrastructure.
  • Convergence of technologies to drive innovation.
  • New opportunities from integrating blockchain and real-world data.

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