MetaBlox recently attended ETHDenver, the biggest Ethereum event in the world, which was held this year from February 24th to March 5th, 2023. The annual event is known for convening the global blockchain community to promote the development of the Web3 ecosystem.

It gathers Web3 enthusiasts, leaders, and developers who present their projects and learn from about the next cutting edge ideas in blockchain-based products and services.

Keep reading to find out how MetaBlox got involved in ETHDenver this year.

IoTex Event

MetaBlox participated in IoTeX’s R3AL WORLD event at ETHDenver, which hosted presentations from top projects focused on bringing Web3 solutions to existing in-demand sectors and industries.

IoTeX envisions integrating Web3 into everyday life through intelligent machines and mapping programs, decentralized marketplaces, token-incentivized infrastructure networks, proof-of-presence applications, and more.

Speakers included leaders from the MachineFi, DeWi, DePIN, and Real World NFT/Asset sectors, and attendees enjoyed live demos of blockchain-connected devices while exploring the use cases emerging at the intersection of Web3 and real-world services.

MetaBlox Network Presents

One presenter at the IoTeX event was MetaBlox lead Jeffrey Manner, who discussed the project’s decentralized WiFi OpenRoaming network, connections to which are made by routers which function as blockchain nodes.

When a device approaches one MetaBlox node (router), all nodes work together to verify the device’s on-chain web credential, establishing a WiFi connection in a fully decentralized way. To access the network, anyone can create a decentralized ID credential for their device on the free MetaBlox app, which is available for Android and iOS.

Because they verify on-chain credentials as nodes and issue M points as a result, MetaBlox routers are officially known as MetaBlox miners, which anyone can host for ongoing rewards.

A MetaBlox miner offered decentralized WiFi connections to the roughly 800 people attending the IoTeX event at ETHDenver.

MetaBlox and W3bstream

IoTeX has recently launched W3bstream, the world’s first decentralized computing infrastructure platform for IoT smart devices.

By bringing data from conventional machines and networks onto the blockchain, W3bstream is designed to create a connected world where people, machines, businesses and decentralized applications can interact in a trusted and privacy-protected way.

Web3’s Data Marketplace

One major W3bstream use case is data monetization, where users connect their smart devices to the platform in exchange for token rewards.

This data is provided to developers and organizations in the form of analytics reports which help these parties make important product development and business decisions regarding dApps, protocols, and so forth.

For instance, MetaBlox generates important WiFi data that is already recorded on the blockchain. This includes 3W usage data (who connects, where, and when), credential verifications, as well as wallet creations (for storing DIDs) and network validations. Users could monetize such data by sending it to W3bsteam, and also help contribute to the development of new dApps.

MetaBlox is already generating large amounts of valuable data, with transactions on Harmony network around 10 000 a day, which puts the project in the top 5 in terms of transaction volume.

In Conclusion

MetaBlox continues expanding its global OpenRoaming WiFi network by deploying new routers to businesses and public spaces every day. Miner-routers are now providing seamless, decentralized WiFi connections in the Philippines, United States, and Canada. WiFi mining rewards will also become available for withdrawal and use on exchanges after MetaBlox’s TGE in 2024.

Stay tuned for updates on MetaBlox, including events, token generation news, and more!