IoTeX partners with Polygon Labs to enhance cross-chain capabilities

Decentralized physical infrastructure (DePIN) platform IoTeX (IOTX) is teaming up with Polygon Labs to integrate its IoTeX 2.0 blockchain with AggLayer, an interoperability layer, according to The Block. This integration will leverage AggLayer's cross-chain communication and liquidity sharing, enabling IoTeX-based projects to distribute rewards and settle on multiple blockchains. The partnership aims to enhance cross-chain capabilities and scalability for decentralized physical infrastructure (DePIN) projects.