⭐️ $IOTA News: Fair Launch, Real-World Adoption, and a $100M+ EVM Ecosystem
Once known as a network built only for the Internet of Things industry, IOTA has certainly evolved massively over the years. Today, it hosts dApps across most major sectors and is working with several local and international authorities to integrate blockchain into their operations. Founder Dominik Schiener has always insisted that this was the ultimate plan, and he now says he will release an update on the network’s progress.
While IoT was the first low-hanging fruit for IOTA, Dom envisioned a general-purpose blockchain network that would host applications targeting logistics, supply, health, governance, identity, and more.
In a June interview with CNF, he noted that tokenization is one of the biggest areas of focus for him and the entire IOTA Foundation.
“We believe it’s the silver bullet of cryptocurrencies. The ability to tokenize assets and make use of them in an immutable, self-determined fashion that does not require any middlemen is what’s missing in our current, highly digitized life. It also is the biggest untapped market,” he told CNF.
In a recent exchange on X, he doubled down on IOTA’s evolution beyond IoT, stating:
💬 Brother, IOTA is much bigger than just IoT in 2024. Should get an update on all the progress and new use cases being built on IOTA, with both EVM and (soon) Move. Just reached $100m in TVL and growing.
💬 Brother, IOTA is much bigger than just IoT in 2024. Should get an update on all the progress and new use cases being built on IOTA, with both EVM and (soon) Move.Just reached $100m in TVL and growing.— Dominik Schiener (@DomSchiener) December 4, 2024
🔸 Non-Stop Building: IOTA’s Eight-Year Journey
In another interaction, Dom marveled at IOTA’s journey since its launch in 2015. He was responding to a community member who had observed that six of the top ten cryptos by market value in the 2017-18 cycle were among the best performers in the past few weeks. They include XRP, Cardano’s ADA, TRON, and Stellar’s XLM.
