MAP Protocol Partners with IoTeX

Published on: 29.06.2022
MAP Protocol Partners with IoTeX

MAP Protocol is joining the IoTeX ecosystem as an official partner to give developers a chance to begin their Omnichain journeys.

MAP Protocol provides instant confirmation for omnichain transactions and verification finality by light-client. It offers SDK and API for low-code deployment, embeds other chains’ algorithms as pre-compiled contracts in the EVM layer of MAP Relay Chain proactively, and maintains a cost-efficient network.

“Since the decentralization aspect of blockchain technology can be a major issue when storing data from IoT devices. IoT represents the decentralized world’s quest to reach its full potential. As a truly decentralized solution in the blockchain interoperability space, MAP Protocol will work collaboratively with the IoTeX ecosystem and provide omnichain SDK.” — James, CEO & Co-Founder

IoTeX enables builders to incorporate machine data, value, and services into their decentralized applications (dApps), using machines as “arbiters of truth” that allow people/businesses to do things in the real world to earn digital assets/reputation. They are already an active leader in several enterprise consortiums and standards bodies, including the IEEE and Confidential Computing Consortium.

“IoTeX welcomes MAP Protocol to integrate with our ecosystem and contribute with its omnichain technology stack to our developers. MAP Protocol offers SDK and API for low-code deployment that will help developers. THIS IS to easily build omnichain applications deployed on IoTeX. We are delighted with the partnership and expect to see various use cases.” — Raullen , IoTeX CEO & Co-Founder

Partnership Highlights:

The partnership encourages developers in the IoTex Blockchain ecosystem to build blockchains and applications using MAP Protocol’s omnichain technology stack. MAP Protocol will soon default to IoTex for cross-chain and IoTex native dApps.

Through this integration, they will contribute their omnichain technology to pilot developers on IoTex blockchain to build omnichain dApps.

Nowadays, general chains, such as Ethereum, Avalanche, and Flow, have their respective territory; and dedicated chains, such as IoTeX, and NKN, are also thriving. Omnichain network, an infrastructure to connect them all, is the future. Together with worldwide developers, MAP Protocol is the dawn of a new omnichain age.

About MAP Protocol

MAP Protocol is the omnichain Network for An Interoperable Web3 that enables developers to build omnichain dApps in simple steps. They lets cryptocurrency, NFT, and data flow around all chains securely and seamlessly at minimum cost. They are the only infrastructure made for omnichain dApps that connects all chains, provides security finality, charges the lowest cross-chain gas fees, and offers complete dApp development service toolkits.

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About IoTeX

IoTeX is the leading decentralized network powering the future of Web3 and machine economy (MachineFi) via dApps that reward and benefit people for real-world everyday activities. Founded in 2017 with a team of alumni from Google, Facebook, Uber, Bosch, and Intel. IoTeX has launched a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallet, and the MachineFi marketplace. IoTeX has grown rapidly with ∼$1B in assets on-chain, >300K on-chain users, and >10k devices connected across 130+ Dapps.

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