Dominik Schiener highlighted IOTA’s strategic pivot towards Real-World Asset (RWA) tokenization, with the goal of digitizing billions of assets within the ecosystem. He emphasized IOTA’s innovative use of Directed Acyclic Graph (DAG) technology, setting it apart from other cryptocurrencies and enabling seamless collaboration with global entities.
In an interview with Collin Brown, Schiener discussed the inspiration behind founding IOTA, citing the limitations of existing proof of work systems and the need for better technical solutions. He explained that IOTA’s unique use of DAG technology and its nonprofit foundation status in Germany set it apart from other blockchain projects, allowing for greater trust and collaboration opportunities.
Schiener highlighted the challenges of bootstrapping IOTA from scratch without significant initial funding and the need to overcome concurrency issues with the use of DAG technology. He also discussed IOTA’s shift towards focusing on tokenization as a key use case, bridging the gap between the real world and Web3.
Looking ahead, Schiener outlined IOTA’s long-term vision of making a positive impact on society through the adoption of DLT technology. He emphasized the importance of practical applications and real-world use cases, such as trade finance and logistics tracking, as well as the upcoming focus on RWA tokenization.
When asked about price predictions for MIOTA in the current bull cycle, Schiener emphasized the importance of focusing on the technology’s utility and application rather than speculative price predictions. He expressed confidence in IOTA’s future success and its potential to lead the industry forward.
In recent news, the IOTA Foundation launched its EVM Mainnet on June 4th, enhancing blockchain capabilities for real-world asset integration through features like smart contracts and cross-chain functionality. For the latest updates on IOTA, visit their official website or check out their new YouTube channel.