# IoTeX

**Published by:** [Razo](https://paragraph.com/@razo/)
**Published on:** 2024-05-30
**URL:** https://paragraph.com/@razo/iotex

## Content

IoTeX is a layer 1 DePIN's only modular infrastructure DePIN project that has been here since 2017 Recently, they secured a $50M investment from top VCs such as Foresight Ventures, Borderless, Amber Group, and others, aimed at funding DePIN-related projects. IoTeX's ecosystem is growing significantly and have launched the largest DePin ecosystem airdrops ever. With this substantial investment, IoTeX is rolling out a basket of airdrops linked to five new projects.As part of the ongoing airdrop event, five new projects have gone live:Inferix @InferixGPU Wayru @WayruNetwork Network 3 @network3_ai Powerpod @PowerPod_People Delphy @dephynetwork None of these projects currently have a token. So, by participating in this event, you'll secure your spot in their upcoming token airdrop. Valued at over $500 million Pre-TGE, these Decentralized Physical Infrastructure Networks (DePIN) projects are poised with significant growth potential. The airdrop event is now live! Participants have the chance to embark on new quests, earn points, and climb the leaderboard. The more points you earn by completing quests, the greater your airdrop allocation will be. Participate here: https://app.galxe.com/quest/IoTeX

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