The IOTA Foundation has been working hard to improve the IOTA Ledger by implementing various improvements. In the near future, the launch of the EVM for Shimmernet and the release of the highly anticipated version 2.0 of IOTA are scheduled to take place.
We Can Already Expect Innovations From IOTA in the Near Future
When these upcoming improvements are put into action in 2024, IOTA will be in a prime position to launch excellent, real-world initiatives, giving it a huge leg up in the market.
Dom Schiener, the founder of IOTA, recently participated in an AMA session on KuCoin. During this session, he shared several exciting updates that indicate the cryptocurrency has undergone significant changes in the past year.
We are looking forward to the imminent release of IOTA EVM on March 31, 2024, which is an exciting development. As a result, the Shimmer platform will be able to function with new contract capabilities and decentralized applications (dApps).
The industry is expected to be radically transformed by this integration, which will enhance IOTA’s capabilities and open up opportunities for various applications. Using IOTA’s secure and feeless info actions, developers will be able to build state-of-the-art decentralized applications (dApps) for supply chain management, decentralized finance, and NFTs, among many other industries.
In addition, the IOTA community is filled with excitement as a result of the implementation of staking functionalities on the IOTA EVM. It is anticipated that individuals will be able to stake IOTA tokens and receive rewards through airdrops and various incentivization methods for the first time in the latter part of the first quarter or the beginning of the second quarter of 2024.
The goal of this program is to reward token holders for their contributions to the IOTA ecosystem and to promote the ecosystem as a whole. In doing so, the program sets cryptocurrency up for massive growth and influence in the dynamic blockchain sector.
Moving Toward Decentralization and the Price of IOTA
Just a few days ago, the price of IOTA experienced a significant surge, resulting in a remarkable 15% increase and reaching a value of $0.2413. All of these thrilling new developments inside the IOTA system have contributed to this phenomenal surge, so it’s safe to say that they’re to blame.
IOTA plans to launch the IOTA 2.0 testnet in the second quarter of 2024, which will be a significant step toward the realization of an entirely decentralized network. This version of IOTA has been enhanced with new features like built-in sharding and better consensus mechanisms to make it more secure and scalable.
These improvements are intended to be implemented. With these upgrades, the company’s position in the blockchain industry will be strengthened even further.
During the announcement, IOTA founder Dom Schiener not only provided helpful information but also hinted at future deals involving the tokenization of large-scale Real-World Assets (RWA) and possible declarations regarding government acceptance. These agreements, which may involve substantial sums of money, have the potential to expand IOTA’s practical applications in a variety of industries.
Furthermore, the ongoing partnerships have the potential to strengthen IOTA’s standing in the blockchain industry, thereby expanding its impact through valuable collaborations and inventive applications. This could be accomplished by utilizing the potential of the partnerships.
One of the co-founders of IOTA, Dominik Schiener, is looking forward with great anticipation to exciting partnerships that involve the tokenization of real-world assets. He is looking forward to some major announcements about these partnerships.
It was discussed that a significant amount of money would be added to the IOTA ecosystem with the intention of introducing assets that generate returns and cultivating a dynamic ecosystem that is centered around those assets.
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