In an in-depth report, Messari, the leading crypto market intelligence provider, highlighted IoTeX's Web3 efforts are unparalleled and highlighted that its core developer, MachineFi Lab, aims to bridge the Web3 gap by establishing a single version of the truth for real-world activity.
"IoTeX enables devices to capture and ingest what happens in the physical world to communicate these events to Web3 dApps," Messari adds. "There are currently no other blockchain IoT projects as encompassing as IoTeX."
Messari says IoTeX has three competitors: Helium, VeChain, and IOTA, but says IoTeX "operates at a broader scale — it connects a wider range of IoT-enabled machines in the real world."
The report adds: "Although similar in service offerings, IOTA employs the Directed Acyclic Graph (DAG) to secure the safe control and exchange of data. While IOTA initially seemed to thrive in 2017, it fell behind due to the lack of real-world adoption."
"IoTeX is poised for increased adoption as it plans...
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