A pioneering name in the decentralized physical infrastructure networks (DePin) for energy solutions, PiggyCell formed a strategic alliance with iotex, a Blockchain platform specialized in DePin technology. The partnership is designed to integrate Blockchain -based solutions into the current infrastructure of PiggyCell, with the aim of increasing transparency, safety and operational efficiency.
Under the agreement, PiggyCell has been set to integrate the main iotex tools, including DePinscan and IID, on its platform. These improvements are expected to improve the management of its wide energy ecosystem, which includes more than 13,000 shipping stations and 100,000 batteries throughout South Korea. Integration is expected to simplify the processes and enhance the user experience.
We are pleased to announce a strategic partnership with @itex_io!
This partnership represents a big leap forward in Blockchain technology with infrastructure in the real world. By taking advantage of the advanced iotex solutions, PiggyCell will cancel new opportunities for … pic.twitter.com/x4iyGdgkd
– PiggyCell (PiggyCell) February 23, 2025
Driving innovation by adopting Blockchain
The standard approach to IOTEX is to continue to facilitate the adoption of the smooth Blockchain technology by companies such as PiggyCell without having a comprehensive reform of the current systems. As part of cooperation, the two companies will focus on many major areas:
Promote the articles of association to facilitate smooth reactions.
Provide incentive programs to attract and keep users.
Take advantage of Depinscan and IIID to enhance transactions and transparency security.
Expand the brand vision through joint marketing initiatives.
A senior executive from PiggyCell confirmed that the partnership provides new opportunities for all users and investors by taking advantage of the advanced Blockchain solutions from IOTEX. With a large presence in the South Korean mobile charging market, PiggyCell requires a 90 % stake in the market and serves approximately 4 million active users. By integrating IOTEX DePin units, the company aims to enhance operational efficiency and explore additional revenue models, such as premium power credits and Blockchain.
The advancement of decentralized energy systems in the WEB3 era
IOTEX has a strong presence in the Depin space, where it has created cooperation with major shareholders such as Filecoin, RISC0, Nearda and Espresso. The company’s leadership highlighted that partnership with PiggyCell is a step towards redefining power systems within the Web3 ecosystem. It is expected to improve transparency and efficiency, which enhances the role of decentralized technology in energy infrastructure.
With this strategic step, PiggyCell and IOTEX will pay innovation in the DePin sector, making Blockchain integration easier and more practical for energy -based applications. With the development of the partnership, the two companies aim to take advantage of their joint experience to revolutionize decentralized energy solutions.
