IOTA to Become Ledger of Choice for Tokenized Assets – Targeting Trillion-Dollar Market by 2030

• The $IOTA Foundation is gearing up for major upgrades, including the launch of $IOTA 2.0 and the $IOTA EVM for the Shimmernet.
• The imminent launch of $IOTA 2.0, featuring native sharding and enhanced consensus mechanisms, emphasizes the commitment to decentralization.

The $IOTA Foundation has been actively working in order to upgrade the $IOTA Ledger. The immediate development in pipeline will be the $IOTA 2.0 launch and the EVM launch for the Shimmernet. Both these developments planned for 2024 will give $IOTA a significant edge in the market making it a preferred destination for launching some of the high-quality real-world projects.

In a recent Ask Me Anything (AMA) session hosted on KuCoin, $IOTA founder Dom Schiener revealed several developments signaling a transformative year for the cryptocurrency. Notable among these are the upcoming launch of $IOTA EVM (Ethereum Virtual Machine) on March 31, 2024, introducing smart contract functionality and dApp support to the Shimmer network.

This integration is anticipated to be a game-changer, expanding $IOTA’s capabilities and offering opportunities for diverse applications. With feeless data transactions and robust security features, developers can leverage $IOTA to build innovative dApps across various sectors, including DeFi, NFTs, and supply chain management.

Additionally, the announcement of staking capabilities on $IOTA EVM adds excitement for the $IOTA community. Expected to commence in late Q1 or early Q2 2024, users will have the opportunity to stake $IOTA tokens and earn rewards through airdrops and other incentivization mechanisms.

This initiative aims to encourage active participation and strengthen the $IOTA ecosystem by recognizing and rewarding token holders for their contributions, positioning the cryptocurrency for significant growth and influence in the evolving blockchain landscape.

$IOTA Price And Moving to Decentralization

Earlier this week, the $IOTA price rallied strongly moving up by 15% all the way to $0.2413 amid all the developmental announcements within the $IOTA ecosystem.

Taking a significant step towards achieving a fully decentralized network, $IOTA plans to unveil the $IOTA 2.0 testnet in Q2 2024. This advanced iteration introduces vital upgrades, including native sharding and enhanced consensus mechanisms, aimed at improving the scalability and security of the $IOTA infrastructure, thereby reinforcing its standing in the blockchain landscape.

During the announcement, $IOTA founder Dom Schiener shared insights into potential government adoption announcements and upcoming large-scale Real-World Asset (RWA) tokenization deals. These deals, potentially involving substantial sums, have the potential to expand $IOTA’s real-world applications across diverse industries.

Moreover, the collaborations in progress could solidify $IOTA’s position as a prominent player in the blockchain domain, expanding its influence through meaningful partnerships and innovative use cases.

Dominik Schiener, co-founder of $IOTA, expressed anticipation for significant announcements regarding large Real-World Asset (RWA) tokenization deals. He mentioned the onboarding of potentially hundreds of millions of dollars in assets to the $IOTA ecosystem, aiming to provide yield-bearing assets and create a vibrant ecosystem around them.