The IOTA Foundation has significantly advanced with its IOTA Rebased project, which is now close to a pivotal moment in its development. The community governance vote to establish whether IOTA will accept the new Layer 1 protocol is coming to an end, and the validation of the vote results will start on December 17, 2024. The outcomes of this vote will determine the future direction that the IOTA ecosystem will take, potentially setting up a new phase of growth.
A Look At IOTA’s Latest Initiatives
In continuation of the IOTA Rebased test network initiative, the Foundation has introduced a strong group of validators, reported CNF. They are highly experienced and reliable, emphasizing the project’s intent to develop a robust ecosystem. Among the newest are Nodes.Guru, a validator of blockchain assets managing over $500 million, and Cosmostation. It has more than $1.5 billion staked across 70+ networks. Those organizations are responsible for network security and scalability. Other notable validators include InfStones, an enterprise-grade blockchain infrastructure company, and Stakin, which is known for institutional-grade services and $3 billion in delegated assets. HashKey Cloud, Tangle Bay, and BlockPI also possess years of experience in blockchain infrastructure. “Nodes.Guru has years of experience since its foundation in 2019, while Cosmostation ensures security and reliability with its globally distributed node operations and consistent 99%+ uptime,” the IOTA Foundation said in a blog post. The above-mentioned validators, when approved through the community vote, would move from the test network to the mainnet.
In parallel, the IOTA Foundation has also relaunched its BuildSphere series that highlights innovative projects within the IOTA ecosystem. The latest episode features Dark Mythos, a Web3 dark fantasy trading card game leveraging IOTA’s blockchain technology. This is the second feature of Dark Mythos in BuildSphere and is a testament to the project’s continuous development and innovative application. The audience can check how the game integrates IOTA’s decentralized framework through conversations hosted on IOTA Labs’ X account.
Community Engagement & Momentum
The IOTA Foundation remains committed to community engagement and transparency as its core development principles, reported CNF. In a continued bid to keep its community engaged, the Foundation has advised its community to follow updates on its blog and social media channels. “On Thursday, we announced the latest batch of validators for the IOTA Rebased test network. These industry leaders strengthen our ecosystem,” the Foundation wrote on X lately. The phased onboarding process for validators by the Foundation allows the network to benefit steadily from experienced partners who continue to contribute to growth. This includes high-profile validators such as LinkPool and community-driven initiatives like Tangle Bay, all leading up to what should become a robust platform that can accommodate use cases that are diverse.
The IOTA Rebased vote and validator additions reflect a concerted effort to boost the ecosystem. Whether through governance-driven decisions or partnerships with top-tier validators, it’s steadily building the foundation for a new era of innovation. Moreover, crypto experts believe that this will also boost the value of the IOTA token, which currently trades at $0.3773.
