HomeNewsIOTA EVM Release Date Unveiled: Mark Your Calendar for March 31, 2024

IOTA EVM Release Date Unveiled: Mark Your Calendar for March 31, 2024

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  • IOTA founder announces the release of IOTA EVM on March 31, 2024, marking a significant milestone for the IOTA community and Shimmer.
  • Additional updates include IOTA 2.0 testnet launch in Q2, government adoption announcements, and large-scale Real-World Asset (RWA) tokenization deals.

Anticipated Developments in the IOTA Ecosystem:

IN a recent Ask Me Anything (AMA) session hosted by KuCoin, IOTA founder Dom Schiener revealed key developments poised to significantly impact the IOTA ecosystem. The most notable announcement is the launch of the IOTA EVM (Ethereum Virtual Machine), scheduled for March 31, 2024.

IOTA EVM: Expanding the Horizon:

The IOTA EVM launch is not just an incremental update; it represents a monumental leap for the IOTA community and the Shimmer network. This development is particularly significant as it marks IOTA‘s foray into the realm of smart contracts and decentralized applications (dApps), thereby broadening its technological and functional scope.

Staking and Airdrop Opportunities:

Schiener highlighted that users will have the opportunity to stake their IOTA tokens on the IOTA EVM towards the end of Q1 or early Q2, 2024. This staking initiative is set to reward participants with airdrops, further incentivizing community engagement and investment in the IOTA ecosystem.

IOTA 2.0 Testnet and Expansion Plans:

In addition to the EVM release, IOTA is gearing up for the launch of its 2.0 testnet in the second quarter of 2024. This testnet is expected to be a precursor to IOTA’s fully decentralized network, moving beyond the Coordinator node and achieving a significant milestone in its technological evolution.

Government Adoption and Tokenization Deals:

Schiener also hinted at forthcoming government adoption announcements, signaling increased institutional interest in IOTA‘s technology. Another major development in the pipeline involves large-scale Real-World Asset (RWA) tokenization deals, potentially involving hundreds of millions of dollars. This move is indicative of IOTA’s expanding influence in the digital asset tokenization space.

Focus on Asian Expansion:

In the realm of global expansion, IOTA is particularly focused on strengthening its presence in key Asian markets, including Korea, Japan, and Singapore. This strategic expansion aligns with the growing interest and adoption of blockchain technology in these regions, positioning IOTA as a significant player in the Asian blockchain landscape.

Looking Ahead:

These announcements from the IOTA founder paint a promising picture for the future of the IOTA ecosystem, signaling a period of growth, innovation, and expanded functionality. The community eagerly anticipates the realization of these milestones, poised to propel IOTA into a new era of blockchain development and adoption.

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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628