ROVR Network is a decentralized 3D high-precision map protocol that recently completed a $2.6 million seed round funding. Borderless Capital and GEODNET co-led the investment, with IoTeX and several angel investors also participating. The new funds will be used to support ROVR in providing real-time, compliant geospatial data for autonomous driving and spatial AI by integrating LiDAR and RTK technology. They plan to launch the platform token ROVR on Solana and expect to conduct the TGE in May.

IoTeX's DePIN modular platform and Polygon's Block chain aggregation layer AggLayer will jointly support the construction of DePIN layer for all chains, providing better Cross-Chain Interaction communication and Liquidity expansion for projects accessing DePIN module on IoTeX, allowing users to interact on the on-chain of their choice. This collaboration will promote the construction of cross-ecosystem DePIN facilities and unleash unprecedented Liquidity and expansion opportunities for DePIN projects.

The first batch of Mining RigN3 Edge V1 launched by DePIN's AI project Network3 sold out within seconds, further improving the efficiency of network Token Mining. This Mining Rig can also participate in Mining IoTeX's native Token IOTX, and several top institutions have confirmed their participation in the next round of financing. Network3 has now initiated the listing process.

IoTeX ecosystem DePIN on-chain identity system ioID goes live, ioID can transform physical devices into on-chain assets, combined with Meme coin IOID fair launch on IoTeX Robot Pump platform, 1700% price increase within 6 hours after listing. Robot Pump goes live on Mainnet, promoting deep-tech meme culture in the direction of DePIN and related AI, RWA, etc.

IoTeX announced its support for the deployment of Avalon Labs, a BTC ecosystem lending protocol, to expand its support for DePIN assets. This collaboration will provide better lending services for assets on the IoTeX chain and open up more practical paths for project assets. Avalon Labs has become one of the largest lending protocols in the BTC ecosystem. IoTeX's influence in the DePIN field continues to grow, and its DePIN Summit hosted during Singapore 2049 has garnered over 5000 participants' follow.

IoTeX ecosystem has 51 projects in the DEP field, ranking third and becoming a leader in the DEP-focused ecosystem. The financing scale in the DEP field has been increasing year by year, with a total market cap of over 20 billion US dollars. IoTeX completed the largest funding of 50 million US dollars. IoTeX has announced its 2.0 upgrade strategy, launching the first DEP modular infrastructure platform, which can provide core functions such as cross-ecosystem device data verification and off-chain computation for DEP projects, accelerating the process of large-scale adoption of DEP.