IOTA’s UniMe Identity Wallet Enters Beta Phase, Demonstrating a Commitment to Real-World Adoption
Jelle Millenaar recently announced the launch of the UniMe Wallet, which is based on IOTA Identity, in its Beta phase. After extensive testing and positive feedback, the focus now shifts to showcasing the technology at various events.
Exciting news! The Identity-based UniMe Wallet from IOTA is now officially in Beta! Testing is complete, and the initial feedback has been fantastic. This tech showcase is just the beginning for the entire IOTA and Shimmer ecosystem! Retweet, IOTA, and Shimmer fans!
Over the next few weeks, the wallet will be presented at various presentations and workshops. A collaboration with KW1C will facilitate a Tech Day, allowing regional stakeholders to explore the capabilities of UniMe, eIDAS, and OpenID. Additionally, the MBO Digital Conference, attended by software experts, educators, and institutional leaders, will provide a platform for IOTA’s innovations. Furthermore, the team is scheduled to present their findings at an SSI event organized by the BCcoalitionNL.
Although still in Beta, the UniMe wallet will continue to receive enhancements leading up to its official launch. The underlying technology, based on standards from OpenID and W3C, already demonstrates maturity, paving the way for wide-scale real-world adoption of IOTA Identity.
Amidst IOTA’s progress, broader trends are emerging in the crypto world. Renowned investor Raoul Pal notes the seemingly calm crypto landscape, which masks a significant growth of 50-100% within the year. However, this growth has not been perceived as robust due to the market’s flatline since April.
The monetary strategies of central banks play a crucial role in influencing these conditions. A combination of a slowing economy, rising unemployment, and decreasing inflation suggests an impending shift in monetary policies. Pal predicts a potential halt in rate hikes, the end of quantitative tightening, and the consideration of rate reductions as we approach 2024.
Adding to the narrative, Solana is emerging as a favorite in the crypto space, especially after its integration into Visa’s blockchain pilot. Pal attributes Solana’s rapid rise to its fast transaction capabilities and its differentiation from Ethereum. With a unified ecosystem bolstering its value proposition, Solana demonstrates strong performance even in an unpredictable market.
Solana’s pricing dynamics have been turbulent throughout the year. After reaching $32.13, the crypto experienced a dip but showed signs of resilience. The market remains divided on its trajectory, but for crypto enthusiasts, the future looks promising.
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