[Dominik Schiener talks Web3, IOTA 2.0 and real-world asset projects]
In an interview, Dominik Schiener, co-founder of the IOTA Foundation, discussed IOTA’s future in the Web3 industry, the progress of IOTA 2.0, and its goal of focusing on the tokenization of physical assets. He emphasized that blockchain should be applied to real life. Unlike the encryption industry's trend of pursuing "get rich quickly", IOTA focuses on long-term practicality.
Schiener mentioned that the IOTA Foundation’s investment in the tokenization of real assets (RWA) will improve liquidity and transparency in industries such as trade finance. He also highlighted the removal of the “coordinator” in IOTA 2.0, which will make IOTA more decentralized. IOTA has now shifted to the "Proof of Authority" model, with a decentralized cluster of validators ensuring network security.
In the DeFi industry, IOTA’s total lock-up volume (TVL) has exceeded US$5 million, and there are decentralized exchanges (DEX) and tokenized asset projects in preparation. Schiener said that the IOTA ecosystem is expanding its functions and game projects will also be launched to create more practical value for IOTA tokens.
He also talked about IOTA’s progress in tokenizing real assets, such as real estate and government bonds, which will improve the efficiency of the financial system and attract more institutional investors. IOTA also cooperates with the Kenyan government to launch the "Trade Logistics Information Pipeline" project, aiming to create a transparent supply chain.
Although progress in the blockchain industry has been slower than expected, Schiener remained optimistic and reiterated IOTA's commitment to physical applications.
