A leading name in decentralized physical infrastructure networks (DePIN) for energy solutions, Piggycell has formed a strategic alliance with IoTeX, a blockchain platform specializing in DePIN technology. The partnership is designed to integrate blockchain-based solutions into Piggycell’s existing infrastructure, with the goal of increasing transparency, security, and operational efficiency.
Under the agreement, Piggycell is set to incorporate key IoTeX tools, including DePINscan and ioID, into its platform. These enhancements are expected to optimize the management of its extensive energy ecosystem, which comprises over 13,000 charging stations and 100,000 batteries across South Korea. The integration is anticipated to streamline operations and enhance user experience.
We are thrilled to announce a strategic partnership with @iotex_io!
This partnership represents a significant leap forward in bridging blockchain technology with real-world infrastructure. By leveraging IoTeX’s cutting-edge solutions, Piggycell will unlock new opportunities for… pic.twitter.com/X4iYyGDgKd
— Piggycell (@piggycell) February 23, 2025
Driving Innovation Through Blockchain Adoption
IoTeX’s modular approach to DePIN facilitates seamless adoption of blockchain technology by companies like Piggycell without necessitating a complete overhaul of existing systems. As part of the collaboration, the two companies will focus on several key areas:
Strengthening platform compatibility to facilitate smooth interactions.
Introducing incentive programs to attract and retain users.
Leveraging DePINscan and ioID to enhance transactional security and transparency.
Expanding brand visibility through joint marketing initiatives.
A senior executive from Piggycell emphasized that the partnership presents new opportunities for both users and investors by leveraging IoTeX’s advanced blockchain solutions. With a significant presence in South Korea’s mobile charging market, Piggycell commands a 90% market share and serves close to 4 million active users. By integrating IoTeX’s DePIN modules, the company aims to enhance operational efficiency and explore additional revenue models, such as tokenized energy credits and blockchain-powered loyalty programs.
Advancing Decentralized Energy Systems in the Web3 Era
IoTeX has a strong presence in the DePIN space, having established collaborations with major contributors such as Filecoin, Risc0, NearDA, and Espresso. The company’s leadership has highlighted that the partnership with Piggycell is a step toward redefining energy systems within the Web3 ecosystem. The collaboration is expected to improve transparency and efficiency, further reinforcing the role of decentralized technology in energy infrastructure.
With this strategic move, Piggycell and IoTeX are set to drive innovation in the DePIN sector, making blockchain integration more accessible and practical for energy-based applications. As the partnership unfolds, both companies aim to capitalize on their combined expertise to revolutionize decentralized energy solutions.
