• IOTA founder Dominik Schiener revealed the release date for the IOTA Ethereum Virtual Machine (EVM) during a recent AMA session.
  • The EVM integration marks a pivotal step, positioning IOTA as a fully operational Layer-1 protocol with enhanced usability and appeal.

In a recent Ask Me Anything (AMA) session hosted by KuCoin, IOTA founder Dominik Schiener dropped a bombshell, announcing the scheduled release of the IOTA Ethereum Virtual Machine (EVM) on March 31, 2024. This development signifies a paradigm shift for IOTA, propelling it towards becoming a more versatile and adaptable blockchain platform.

During the AMA, Schiener unveiled a roadmap for the first half of 2024, emphasizing the launch of the IOTA EVM in March. This integration is a strategic move that positions IOTA as a fully operational Layer-1 protocol, significantly enhancing its usability and appeal.

In a bold move, Schiener urged the IOTA community to stake their tokens on the IOTA EVM by late Q1 or early Q2, offering the opportunity to qualify for upcoming airdrops. This move adds an element of anticipation, highlighting the community’s eagerness for the upcoming developments and the potential they hold for the IOTA project.

Strategic Focus on Asia and Major Deals: IOTA’s Ambitious Plans Unveiled

Additionally, Schiener outlined plans for substantial deals in Real World Asset (RWA) tokenization, worth hundreds of millions of dollars, and strategic efforts to expand IOTA’s presence in Asia, specifically in Korea, Japan, and Singapore. This strategic focus emphasizes the global impact of IOTA’s evolution.

In a parallel move, IOTA introduced the v1.0.0-alpha.2 Pre-release, showcasing a commitment to continuous advancement. The suite of upgrades and enhancements in this release solidifies IOTA’s position as a leading figure in the blockchain arena, with a keen focus on stability, clarity, and efficiency.

As IOTA continues to refine its functionalities and user experience, these developments represent a significant leap forward for the blockchain community, reinforcing IOTA’s role as a trailblazer in blockchain technology.

By Joadin Maina

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