Slightly-known altcoin has greater than doubled in worth previously week whereas nearly all of crypto initiatives moved sideways on their weekly charts.
IOTX is the native asset for the open-source blockchain IoTeX, a wise contract platform designed to energy decentralized apps and join Web of Issues (IoT) units.
The platform is Ethereum Digital Machine (EVM) appropriate, giving builders a straightforward technique to port their apps over to the IoTeX community.
The crypto asset surged from $0.10 on November eighth to a excessive of $0.25, representing features of 150% whereas surpassing a $2,000,000,000 market cap.
IOTX is buying and selling at $0.19 at time of writing, up about 12% previously 24 hours.
Final week, Chainlink (LINK) introduced it had awarded a grant to Protofire, a blockchain consultancy providers supplier, to combine Chainlink oracles into IoTeX.
Says Christian Malfesi, Protofire’s director of engineering,
“As Protofire has intensive expertise securely integrating Chainlink into a number of blockchains, we anticipate that the IoTeX integration may also be seamless and well timed.
After the Chainlink integration, IoTeX’s developer group can begin leveraging off-chain providers and real-world information to construct extra superior hybrid good contract functions.”
IoTex can be coming into the play-to-earn sector of the crypto economic system, and just lately announced a strategic partnership with the NFT recreation PlaceWar.
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