IOTA Token Surges 43% on $100M Abu Dhabi Ecosystem Foundation Launch
• IOTA token jumped 43% after registering $100M IOTA Ecosystem DLT Foundation in Abu Dhabi • New foundation funded by $100M in locked up IOTA tokens over 4 years • Part of Abu Dhabi's efforts to establish itself as a crypto-friendly hub • Comes after recent approvals for Paxos and Liminal to operate in Abu Dhabi • Signals Abu Dhabi's commitment to web3 and blockchain technology with $2B investment fund