Beginning as an open-source initiative in 2017, IoTeX has constructed a decentralized platform with the goal of fostering an open economy for machines — an ecosystem where individuals and machines can engage with assured trust, autonomy, and structured economic incentives. Leveraging a global team of over 40 research scientists and engineers, IoTeX has developed their EVM-compatible blockchain from the ground up, employing the innovative Roll-DPoS consensus mechanism. Launched in April 2019, this blockchain is now sustained by over 100 delegates worldwide and has facilitated the processing of more than 10 million transactions. Additionally, IoTeX has constructed essential infrastructure components to integrate with Ethereum, Binance Smart Chain (BSC), and Huobi Eco Chain (Heco). These include the ioPay wallet and the ioTube bridge , which cater to tens of thousands of users, allowing EVM-based DApps to scale without concerns about exorbitant gas fees. Furthermore, IoTeX has developed middleware solutions such as Decentralized Identity, Confidential Computing, and Secure Hardware on top of its blockchain. These innovations have facilitated the creation of self-sovereign devices like Ucam, which has been deployed in over 3000 households and real-world data oracles like Pebble. Initially launched to more than 300 developers, Pebble enables innovative DApps to bridge the physical and crypto worlds, facilitating applications such as real-world NFTs, weather derivatives, and machine learning-as-mining.