The launch of IOTA EVM is drawing near, and it is set to revolutionize the world of tokenization by bringing over $660 million in liquidity on-chain. This highly anticipated event has sparked excitement within the IOTA community, as it will offer endless possibilities in areas such as decentralized finance, tokenization of real-world assets, and decentralized identity.
The soft launch of IOTA EVM took place in March on the Shimmer test network, and according to Susanne Krone, head of the ecosystem at the IOTA Foundation, it marked the beginning of a phased roll-out. During this phase, the foundation will collaborate with its builders’ community to establish the necessary infrastructure and lay the foundation for the mainnet launch.
As the official launch on the mainnet approaches, experts are expressing their optimism about the latest developments. The IOTA EVM promises to deliver a unique and compelling proposition in a market that already has several low-cost, high-throughput EVMs. But what sets IOTA EVM apart?
First, it will leverage the impressive features of the IOTA network. These include tamper-proof data, feeless transactions, and low resource requirements, all of which will be available on Ethereum. This integration will unlock new business models and enhance the liquidity of the $660 million ecosystem.
Furthermore, the IOTA EVM will introduce a new economy, presenting exciting opportunities for investors and developers alike. Just like the early adopters of Uniswap and SushiSwap, those who embrace the IOTA EVM will have the chance to be part of a groundbreaking venture.
Tokenization is one area where the IOTA EVM is expected to have a significant impact. With a projected $16 trillion opportunity in the next six years, tokenization is a market waiting to be tapped. IOTA’s unique features make it an ideal network for this purpose, and the integration of the EVM on the mainnet is a crucial step towards realizing this potential.
The IOTA Foundation has been actively working with regulators to ensure compliance within its ecosystem. This focus on compliance will be key to the success of IOTA in the tokenization space. By providing a regulated and secure environment, IOTA EVM will enable real-world asset issuers to put their assets on-chain without worrying about regulatory scrutiny.
In conclusion, the imminent launch of IOTA EVM is generating excitement within the IOTA community and the wider crypto industry. With its focus on tokenization, compliance, and the unique features of the IOTA network, the IOTA EVM is poised to make a significant impact and create new opportunities in the world of decentralized finance and beyond.