The IoTeX team announced in a tweet on Thursday that it has partnered with CityDAO, a decentralized land ownership entity. The partnership will lead to the connection of physical land and real estate to Web3, the team added.

IoTeX said its Pebble Tracker devices are now capturing real-world data from CityDAO Parcel0 land in Wyoming to create data-backed insights for their decentralized autonomous organization.

IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization.

IOTX is up by less than 1% so far today and is currently trading at $0.06873.