IoTeX, a leading Decentralized Physical Infrastructure Networks (DePIN) player in the Web3 space, recently announced its security partnership with Secure3, a top-notch smart contract auditing platform.

Following IoTeX’s successful launch of W3bstream, the world’s first intelligent device-to-smart contract off-chain compute infrastructure, the collaboration with Secure3 is strategic. W3bstream can be viewed as a machine orchestration layer built on top of a blockchain that organizes and coordinates machines to complete specific tasks. It enables users to gather data from various sources, including trustworthy devices and machines connected to the Internet.

Secure3 and IoTeX prioritize blockchain security, making their partnership beneficial for both projects.

Alan Xia, Director of Secure3, emphasizes the importance of transparency and specialized professionalism in the smart contract auditing industry. He advocates for establishing a community-based security consensus, empowering community members to participate in the code review process actively.

Secure3’s model and technologies incentivize the community’s best to help projects identify all severe or subtle bugs in the most efficient way possible. Alan states that the collaboration with IoTeX demonstrates Secure3’s commitment to the real-world economy and its ongoing support for customers and smart devices.

IoTeX CEO and Founder Raullen Chai highlights the significance of partnering with Secure3 as his projects enter a period of increased growth. Raullen envisions IoTeX as the industry leader in the Decentralized Physical Infrastructure Networks sector, boasting nearly 40 DePIN projects within its ecosystem.

“IoTeX will rely on Secure3’s continuous support for feature updates, product testing, and functional upgrades,” Chai said. “This strategic partnership will help boost confidence in IoTeX and W3bstream among developers, users, and community members.”

As the collaboration between IoTeX and Secure3 progresses, the blockchain community can expect enhanced security and innovative solutions, paving the way for a more secure and efficient decentralized infrastructure.

About IoTeX

IoTeX is a Web3 infrastructure platform connecting intelligent devices and real-world data to blockchains. It recently launched W3bstream, the world’s first decentralized compute infrastructure for smart devices and data. IoTeX, a leading Decentralized Physical Infrastructure Network (DePIN) project, focuses on building a connected world where machines, humans, businesses, and DApps interact with trust and privacy, using blockchain, off-chain compute, and open hardware to connect devices and DApps globally.

About Secure3

Secure3 is a StartX incubated intelligent audit contest platform headquartered in Silicon Valley. We aim to provide more affordable, effective, and secure audits for all web3 projects. We closed our 5M seed funding from Mirana, GGV, Alumni Ventures, etc. in 2022.

Secure3’s audit contest organizes decentralized certified auditors in the form of an audit competition. Secure3 audit contests usually have 3–10x more auditors (compared to centralized auditing firms) who compete anonymously with each other to find business logic bugs and security issues. In half a year, Secure3 has completed close to 100 audit contests, including audits for famous projects such as zkSync, ParaSpace, etc.

Secure3 audit contest incentivizes individual auditors to find more critical issues that no others can discover, in order to solve high-price, non-transparent, inefficient, and low-quality issues of most centralized auditing firms.