Our mission to seamlessly connect real-world data with Web3 serves a profound purpose: to enable innovators to develop impactful dApps that resonate in tangible ways with everyday lives. The introduction of W3bstream (Devnet), the decentralized verifiable compute network, initiated an expansive "real-world design space." Yet, to truly harmonize this vision, broad interoperability – not just across chains but also as a bridge between the crypto realm and the tangible world – is indispensable.
As we venture further, drawing from vast developer talents across various chains and layers, we are thrilled to unveil our newest W3bstream integration: Arbitrum.Arbitrum’s layer-2 scaling solution for Ethereum is a true game-changer for dApp developers by significantly reducing cost and congestion of Ethereum transactions. Arbitrum has a fast growing ecosystem, with over 50% YoY growth in developers. It boasts nearly 1 million active wallets, with hundreds of ecosystem projects currently building in categories from DeFi to metaverse to gaming. The W3bstream integration equips developers in the Arbitrum ecosystem to enrich their dApps with contextual real-world data.
Arbitrum developers can now blend DeFi, NFT, DAO, and gaming applications with on-chain events that reflect real-world assets, occurrences and utilities, paving the way for innovative use cases in the rapidly expanding real-world sectors such as DePIN.What “Arbitrum Integration” MeansW3bstream is a decentralized protocol enabling EVM to offload intensive or ongoing computations, delivering verifiable results through the use of zero-knowledge proofs and a generic-purpose zkVM. Launched in Q2 2023, W3bstream Devnet has already been successfully integrated with Polygon and IoTeX chain.
W3bstream Studio offers a graphical interface for developers to interface with W3bstream, streamlining their access to create real-world dApps. Concretely, W3bstream Studio includes an integrated development environment (IDE), project management tools, metrics dashboards, event handling, and more.With the integration of Arbitrum, W3bstream's extensive tools now directly connect to Arbitrum's rapidly expanding ecosystem of applications and developers.
Developers can seamlessly log into W3bstream Studio to begin crafting real-world dApps, transmitting on-chain proofs to Arbitrum. This fusion enables Arbitrum's myriad of on-chain gaming applications to infuse real-world data, creating possibilities like Pokemon-Go inspired gameplay or geocached on-chain collectibles. Additionally, DeFi applications can design futures contracts influenced by tangible world data, ranging from weather predictions to traffic trends, truly bringing Arbitrum dApps to life.Bringing DePIN to the Arbitrum EcosystemThe Decentralized Physical Infrastructure Networks (DePIN) sector is among the most rapidly expanding areas in crypto, creating a "real-world design space" by harnessing blockchain tokenomics to deploy and sustain infrastructures within the tangible world. Its diverse use cases encompass everything from fortifying smart energy grids, to pioneering a Web3 version of Uber, to environmental monitoring frameworks, decentralized WiFi hotspots, and even telecommunication networks.
With the unveiling of W3bstream Devnet, DePIN has become accessible to a vast array of Arbitrum developers and enthusiasts, spanning seasoned teams to individual hobbyists. Now fully integrated with the Arbitrum ecosystem, W3bstream beckons Arbitrum developers to delve into DePIN, unlocking boundless potential for tangible applications and unveiling innovative real-world scenarios and making the world a better place.Looking Ahead to Wider AdoptionSince its inception in June 2023, W3bstream devnet has seamlessly integrated with Polygon, IoTeX, and now, Arbitrum. Our objective to hasten the embrace of real-world Web3 applications is unwavering. Acting as the definitive link between Web3 and the tangible realm, W3bstream unveils a novel design space, connecting Web3 to billions more individuals.
Through such collaborations, we're showcasing the transformative power of this technology, catalyzing the early majority and propelling the momentum of DePIN adoption.About ArbitrumThe Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs.
An Optimistic Rollup, Arbitrum One provides ultra-fast, low-cost transactions with security derived from Ethereum. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 60%+ TVL in the L2 segment. 400+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.About IoTeXIoTeX, underpinned by a renowned global team of cryptography and blockchain experts, stands as the foremost infrastructure provider for Decentralized Physical Infrastructure Networks (DePIN). With a unique focus on bridging the Ethereum ecosystem with tangible real-world applications based on the verifiable compute network W3bstream, IoTeX harnesses zero-knowledge proof technology.
This positions developers to seamlessly weave Web3 into daily life, catalyzing advancements in connected vehicles, urban mapping, sustainable energy, fitness platforms, environmental data analytics, proof-of-presence utilities, and human authentication.
Source : by Khadija Aslam - IoTeX Blog / 14 September 2023