Approaching IOTAEVM launch: IOTA's Next Big Step is Booming
- Market
- May 23, 2024
- RWA.Media
The IOTAEVM chain is on the cusp of its long-awaited launch, generating excitement in the IOTA community. This major event, set to happen within the next two weeks, is not just a milestone for IOTA and real world asset (RWA) tokenization, but a testament to the collective efforts and dedication of our community, as highlighted by IOTA analyst ID.iota.
Key Partnerships
The active placement of LayerZero contracts on the IOTAEVM chain is a key step towards this early release. At the same time, TokenySolutions has successfully deployed its smart contracts, highlighting its focus on its own IOTA ecosystem.
Recommended article: Trendex's Bold Entry into the U.S. Market
In a recent tweet, ID.iota expressed enthusiasm for the upcoming launch, highlighting the transformative potential of IOTAEVM for RWAs. TokenySolutions, a well-known tokenization company for assets such as real estate, private equity, funds, and debt, has already tokenized over $28 billion worth of assets. Their participation in IOTAEVM strengthens IOTA's position in the market and indicates a promising future for the platform.
Community Enthusiasm
The TREX platform Tokeny's tokenization deployment in the IOTAEVM blockchain provides a secure and interoperable connection for various RWAs and investors. This achievement can potentially push IOTA's reach into new markets and use cases and signals a robust future for the network.
The anxiety surrounding the launch of the IOTA EVM is felt across the community. The event is set to unlock the potential of IOTA's $660 million ecosystem, providing applications for tokenization, decentralized finance (DeFi), and decentralized identity.
Recommended article: The Digital Asset Exchange in Busan Focuses on Real World Asset Tokenization
Earlier this year, IOTA EVM underwent a soft launch on the Shimmer test network. Suzanne Krone, Head of Ecosystem at the IOTA Foundation, described this phase as a foundation for future endeavors, developed in close collaboration with the developer community. This strategic deployment aims to build the necessary infrastructure to expand the ecosystem.
Path to IOTA 2.0
The successful launch of the IOTA EVM will also pave the way for the long-awaited IOTA 2.0. The public test network for IOTA 2.0 was launched earlier, marking significant progress for the team. According to community reports, the launch of the IOTA 2.0 mainnet is tentatively scheduled for August of this year, and preparations are well underway, instilling confidence in the platform's future.
As the launch of IOTAEVM approaches, the IOTA community is gearing up for a wave of innovation and growth, ready to redefine the landscape of tokenization and decentralized applications.