IoTeX ecosystem receives $50 million in funding from Amber Group and others

BlockBeats news, on April 3, Coindesk reported that the Ethereum-compatible blockchain IoTeX ecosystem optimized for DePIN received US$50 million in financing. This round of financing was funded by Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, and Metrics Ventures , EV3 and Waterdrip Capital participated in the investment. The IoTeX team said the investment will drive growth and ecosystem adoption of DePIN by investing in long-term pledged IOTX, the DePIN token that governs and powers IoTeX DePIN, and investing in IoTeX-based DePIN alongside the IoTeX Foundation and the DePINsurf Accelerator Fund. project.