Piggycell, a major player in decentralized physical infrastructure networks (DePIN) for energy solutions, has announced a strategic partnership with IoTeX, a blockchain platform specializing in DePIN technology.
The collaboration aims to integrate IoTeX’s blockchain-based solutions with Piggycell’s extensive charging network, improving transparency, security, and efficiency.
As part of the agreement, Piggycell will incorporate IoTeX’s DePINscan and ioID tools into its platform. This will enhance the management of its vast infrastructure, which includes more than 13,000 charging stations and 100,000 batteries across South Korea. The integration is expected to boost user experience and streamline operations.
Expanding the Blockchain-Powered Charging Ecosystem
IoTeX offers a modular approach to DePIN, which allows companies like Piggycell to adopt blockchain technology without overhauling their existing systems. Through this partnership, both companies will focus on:
- Strengthening platform compatibility to ensure seamless interactions.
- Launching incentive programs to attract more users.
- Using DePINscan and ioID to enhance transaction security and transparency.
- Expanding brand reach through collaborative marketing campaigns.
Piggycell’s Chief Marketing Officer highlighted the potential impact of this partnership, stating that leveraging IoTeX’s technology will create new opportunities for users and investors.
Strengthening DePIN’s Role in the Energy Market
Piggycell currently holds a dominant position in South Korea’s mobile charging market, with a 90% market share and nearly 4 million active users. By integrating IoTeX’s DePIN modules, the company seeks to improve operational efficiency and explore new revenue streams, such as tokenized energy credits and blockchain-based loyalty programs.
IoTeX, which has partnered with major DePIN contributors like Filecoin, Risc0, NearDA, and Espresso, continues to drive advancements in decentralized infrastructure. The company’s CEO and Co-founder emphasized that this collaboration will help redefine how energy systems function in the Web3 era, bringing more transparency and efficiency to decentralized ecosystems