IOTA’s price has skyrocketed by 15% following a significant announcement by Dominik Schiener, the founder of IOTA. The announcement revealed that IOTA will be launching the IOTA Ethereum Virtual Machine (EVM) on March 31, 2024, and will also be releasing a new alpha version, v1.0.0-alpha.2 Pre-release. These developments have generated a lot of interest in the IOTA ecosystem and have led to a surge in its price, which is now at $0.2344.
Crypto News Flash (CNF) has provided a detailed report on these advancements, shedding light on the upgrades and enhancements that are being made. For more insights into these milestones, CNF has also released a YouTube video.
During an AMA session hosted by the cryptocurrency exchange KuCoin, Schiener made an exciting announcement about IOTA’s venture into real-world asset (RWA) tokenization. He revealed that IOTA is onboarding large RWA tokenization deals worth $100 million, which will bring in hundreds of millions of dollars of assets to the IOTA ecosystem. These assets will offer yield-bearing opportunities within the ecosystem. Schiener also discussed IOTA’s expansion strategy, with a focus on the EU and Asian markets, particularly Korea, Japan, and Singapore.
Schiener’s vision for IOTA is to become the preferred ledger for tokenizing assets and to collaborate with regulators worldwide. He wants IOTA to be the go-to platform for tokenization. Currently, IOTA is trading at around $0.2429, experiencing a slight increase of 13.26% over the past day and a 1.29% increase over the previous week.
In my opinion, the strategic advancements made by IOTA and Schiener’s plans for RWA tokenization mark a significant moment in the platform’s evolution. These developments are set to unlock new investment opportunities and greatly enhance the utility and value of the IOTA ecosystem.