IOTA Moves Forward: Anticipation Builds Around 6G Patents and Tokenized Assets
The IOTA Foundation is taking center stage in the market as it gears up for the much-anticipated launch of IOTA 2.0 and spearheads advancements in the upcoming 6G revolution. Excitement is mounting as recent developments and partnerships, such as the imminent launch of IOTA EVM and the eagerly awaited IOTA 2.0 testnet, take shape.
With patent CN117176593A, IOTA is positioned as a leader in network technology, marking a significant milestone in the industry. This groundbreaking development, coupled with the introduction of IOTA 2.0 and the tokenization of real-world assets (RWA), is expected to propel the price of MIOTA to new heights. In fact, CNF forecasts a potential all-time high of $6 for the cryptocurrency.
CNF’s YouTube video accentuates the positive outlook for IOTA, highlighting the upcoming launch of IOTA EVM on March 31, 2024. This launch will revolutionize the Shimmer network by integrating smart contracts and introducing staking rewards, further enhancing IOTA’s ecosystem.
As reported by Crypto News Flash, the IOTA EVM has already undergone a soft launch under the close supervision of the IOTA Foundation, with the full release expected by the end of the month. This deployment marks a significant advancement, allowing for the utilization of smart contracts, feeless tokens, and achieving high scalability with over 700 transactions per second.
The anticipation builds for the upcoming IOTA 2.0 testnet, set to launch in Q2 2024. This testnet will introduce native sharding and advanced consensus mechanisms, significantly enhancing scalability, security, and decentralization efforts within the IOTA network.
IOTA’s commitment to technological innovation and leadership in the telecommunications sector is further demonstrated through its contributions to 6G technologies, particularly in federated learning, network efficiency, and secure data sharing. These endeavors position IOTA as a significant influencer in shaping the future of communication technology.
Additionally, the prospect of forging significant partnerships in the Real-World Asset (RWA) market signals optimism for IOTA’s growth trajectory. Analysis from Shimmer Academy suggests that achieving a target price of $6 is not out of reach, especially with the stable operation of IOTA 2.0 on Shimmer acting as a catalyst for price appreciation.
With groundbreaking developments and strategic collaborations in the pipeline, IOTA stakeholders eagerly await the project’s ascent in the digital landscape. Innovations like the IOTA EVM launch and the impending IOTA 2.0 testnet will redefine decentralized networks, offering users and partners a faster, smarter, and more secure environment.
Since November 2023, when Abu Dhabi announced IOTA’s diligent efforts in establishing a robust foundation with its Distributed Ledger Technology (DLT), anticipation has been building for the highly awaited launch of IOTA 2.0 in 2024. This forthcoming launch, combined with the strategic collaboration with the Ethereum blockchain, will further enhance IOTA’s ecosystem and elevate its position within the cryptocurrency market.