Posted 12/3/2023, 1:00:26 AM
IOTA Cryptocurrency Surges 31% on $100 Million Ecosystem Foundation Launch to Promote Internet of Things Technology
- Native asset for IOTA (IoT crypto project) jumped 31% this week amid $100M ecosystem foundation launch
- IOTA aims to serve as backbone for Internet of Things with distributed ledger technology
- IOTA rolled out Abu Dhabi-based foundation seeded with over $100M in vesting IOTA tokens
- Foundation to foster partnerships, bring tokenization of assets, and billions into UAE virtual assets
- IOTA plans to become fully Ethereum EVM-compatible in Q1 2023, opening to DeFi and dApps