The Internet is arguably one of the most significant technological developments in history. It is also a game-changing technology despite being only 20 years old. It is evolving quite quickly, having gone from Web1 to Web2 and undergoing another major transition into Web3, its latest paradigm shift. The world is at the MachineFi threshold, the machine-driven economy that will dominate globally for decades to come, unleashing an IoT value of up to $12.6 trillion by 2030.
Addressing the vital question of who will own the multi-trillion-dollar machine economy, IoTeX has focused development on Web3 and in global decentralized identity standards. These standards aim to enable individuals and machines to interact securely and privately without surrendering control of their data, smaOkay rt devices, and the value they generate to Big Tech.
In practice, IoTeX has kicked off a two to three-year plan aimed at building a new Web3 developer community who will focus vast resources on developing hun
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