XP NETWORK announced this Thursday, March 17, through its Twitter account, its new partnership with IoTeX, integrating the XP bridge into its ecosystem.
“We are pleased to announce that after getting started in their grant program, IoTeX and XP.NETWORK have entered into a partnership, integrating our bridge into their ecosystem”, he said in an article published on the Medium platform.
The company indicated that one of the many advanced tools provided by the IoTeX ecosystem is ioTube, a multi-asset, multi-chain bridge that connects IoTeX with Ethereum, BSC, and Polygon. With this partnership, IoTex is now integrating the XP.NETWORK bridge. This move will significantly increase IoTeX’s NFT capabilities and further its economic vision of MachineFi. The XP.NETWORK bridge will give IoTex a direct path to various compatible blockchains, giving previously inaccessible ecosystems the opportunity to become active contributors in what may become the most significant technological leap of the century.
“The Internet of Trusted Things is the natural and most welcome paradigm shift that the blockchain world brings to our lives. It represents the quest of the decentralized world to reach its full potential. XP.NETWORK is excited and eager to work with a partner that takes such a hands-on approach to this quest”, said Nir Blumberger, CEO of XP.NETWORK.
It is an EVM-compliant blockchain platform to power the Internet of Trusted Things, an open ecosystem where humans and machines can interact with guaranteed trust and privacy. IoTeX envisions a future where ordinary people can own and control their smart devices, as well as the data and value they generate. Backed by a global team of more than 30 top-tier research scientists and engineers, IoTeX combines blockchain, decentralized identity, and secure hardware to enable user-owned IoT devices and networks. By connecting the physical and digital worlds, IoTeX will power the future machine economy and redefine the trillion-dollar IoT industry.
The company explained that IoTeX has introduced several innovations to the market, such as the Pebble Tracker, a device that converts real-world information into blockchain-ready data, and the award-winning Ucam, a blockchain-based security camera. One of his most intriguing projects is MachineFi, a platform that will bring together all blockchain-connected devices to become the foundation for the future WEB 3.0 machine economy. The MachineFi economy will be a place where people create value with their machines and their real-world activities.
In his view, XP.NETWORK is creating solutions to make the growing NFT market accessible and user-friendly. One of our most notable tools is XP. The NETWORK Bridge: The first purpose-built chain-agnostic bridge to allow NFTs and funds to flow freely between networks and wallets, while avoiding complications such as currency differences and token standards. The bridge is already integrated with more than a dozen blockchains such as Tron, Elrond and Polygon, various NFT platforms such as Opulous and EXA Finance, connecting ecosystems and most prominent projects and opening doors to new markets for the entire NFT community.