• IOTA EVM Milestone: Successful deployment and testing of MultiSignature Wallet and RPC Nodes.
  • Positive momentum builds for the IOTA ecosystem with the upcoming IOTA EVM launch, unlocking new DeFi and tokenization opportunities.

The IOTA Foundation has made significant strides in the development of its Ethereum Virtual Machine (EVM) system. Recently, the team successfully deployed and tested essential features, including the MultiSignature Wallet and third-party RPC Nodes, marking a crucial milestone in the project’s progress.

In an announcement shared on IOTA’s Discord channel, the team detailed the advancements, highlighting the readiness for the next phase of development. The MultiSignature Wallet, a long-anticipated feature, is now accessible, providing users with enhanced security and functionality. Furthermore, the establishment and testing of third-party RPC nodes will support teams in deploying and testing applications on the IOTA EVM, broadening the ecosystem’s capabilities.

The indexer/subgraph solution is already operational, with teams actively constructing their subgraphs. Oracle providers have also demonstrated seamless functionality, offering both pull and push Oracle services to EVM teams. These advancements indicate a robust infrastructure, essential for fostering a thriving environment for Decentralized Finance (DeFi) and Real-World Assets (RWA).

The growing adoption of the IOTA EVM is evident, as numerous teams have joined the dedicated Builder Discord, leading to a surge in applications and opportunities within the ecosystem. The concerted efforts of the IOTA Ecosystem and Business Development (BD) Team aim to create a vibrant DeFi and RWA ecosystem, further enhancing the project’s potential.

Community engagement initiatives are also underway to celebrate the imminent launch of the IOTA EVM. These developments suggest that the coin EVM launch is on schedule and holds promise for the future of the IOTA ecosystem.

As the launch of the IOTA EVM approaches, anticipation within the IOTA community is building. This milestone will unlock $660 million in potential, opening up a realm of opportunities in tokenization, decentralized identity, and more. According to Crypto News Flash, the IOTA EVM underwent a soft launch on the Shimmer test network in March, described by Susanne Krone, head of the ecosystem at the IOTA Foundation, as the beginning of a “carefully phased roll-out.”

The arrival of the IOTA EVM is set to pave the way for the launch of IOTA 2.0. The public testnet for IOTA 2.0 went live last week, and preparations for the mainnet launch, tentatively scheduled for August, are underway. The successful deployment of the IOTA EVM is crucial for providing the necessary infrastructure support for the IOTA 2.0 launch.

With these significant advancements, the IOTA ecosystem is poised for transformative growth, promising new opportunities and innovations in the blockchain space.

By Joadin Maina

Beyond the hype, I untangle the web3 revolution, guiding curious minds through the labyrinth of decentralized possibilities.