Injective, a well-known blockchain platform backed by Mark Cuban and Binance, has recently announced a new integration with IoTeX, an open-source platform that combines blockchain technology with the Internet of Things. The announcement was made on the official social media account of Injective.
The integration with IoTeX will enable seamless transfer of IoTeX assets to Injective, opening up new opportunities for innovative DePin applications, use cases, and assets to enter the Injective ecosystem through a variety of dApps built on Injective.
In a recent post on X, Injective expressed its excitement about the integration and emphasized its focus on providing convenience in transfers, which will bring significant benefits to consumers by allowing them to seamlessly transfer tokens.
Injective operates as an L1 blockchain that facilitates the development of robust DeFi apps and offers a plug-and-play infrastructure for developers to easily and quickly build and release strong Web3 finance apps. Its native token, INJ, drives its ecosystem through various operations such as protocol governance and decentralized application value capture.
The integration with IoTeX will enable the inclusion of unique assets, DePin apps, and use cases into the Injective ecosystem through a diverse range of dApps on Injective. IoTeX, which combines blockchain and the Internet of Things, is dedicated to contributing to decentralized machine finance in the future. Injective’s announcement revealed that the integration will bring new opportunities for both platforms to collaborate and expand their offerings.