Happy 4.02 Day!
IoTeX has been building on x402 since May 2025 and our Quicksilver agents are paying each other in real USDC on IoTeX chain supported by @coinbase.
Today, we're taking the next step: enrolling the x402 Foundation under @linuxfoundation as it becomes the open standard for agentic payments. 💪
Machines that sense the world. agents that act on it. payments that settle instantly. ⚡
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Today is 4.02 day.
Less than a year ago (May 6, 2025), we published the x402 whitepaper.
Since then, the protocol has:
• Processed 166M+ transactions
• Unlocked new monetization models for API, data, and other providers on the web.
• Enabled autonomous flows that were difficult to support with traditional account infrastructure
Today, we’re taking the next step.
x402 is moving to @linuxfoundation, and we are launching x402 Foundation - with broad, cross-industry collaboration & input to steward an open, neutral standard for payments over HTTP.
A big thank you to our amazing founding partners in this effort: @Adyen, @Awscloud , @AmericanExpress, @Ampersend_ai, @Circle, @Cloudflare, @Coinbase, @Fiserv, @Google, @KakaoPayCorp, @Mastercard, @merit_systems, @Microsoft, @Polygon, @PPRO_Payments, @Shopify, @SierraPlatform, @Solana , @Stripe, @Thirdweb, and @Visa.
Enrollment for the foundation is open if you - or your company - is interested in participating, please reach out!
Most chains are bleeding users lately.
I pulled the data for chains that lost the most daily active users over the last 30 days.
The results ↓ https://t.co/InsMnZILdA
The #IoTeX foundation released a comprehensive report reviewing the security response to the recent #ioTube bridge incident, outlining the steps taken to protect assets. The report confirmed the project's commitment to enhancing security standards and developing a more resilient infrastructure to face future cyber threats. #Security #DeFi
