Dominik Schiener highlighted IOTA’s shift towards Real-World Asset (RWA) tokenization, with the goal of digitizing billions of assets within the ecosystem. He emphasized the unique use of Directed Acyclic Graph (DAG) technology, setting IOTA apart from other cryptocurrencies and enabling seamless collaboration globally with various entities.
In an interview with Collin Brown, Schiener shared the inspiration behind founding IOTA, citing the need for better scalability and technical solutions beyond Bitcoin’s proof of work. He discussed the challenges of starting from scratch without significant funding, emphasizing IOTA’s innovative use of DAG technology for parallelization.
While IOTA initially focused on the IoT market, Schiener mentioned a recent shift towards tokenization, seeing it as a crucial aspect of cryptocurrencies. He highlighted the potential of tokenizing assets and bridging the real world to Web3 through regulatory work and partnerships within the network.
Schiener also discussed IOTA’s achievements in showcasing real-world applications beyond traditional crypto use cases, such as trade finance and logistics tracking. Looking ahead, he emphasized the focus on RWA tokenization to bring more assets onto the IOTA platform.
In terms of long-term vision, Schiener expressed a desire to make a positive impact on society by leveraging DLT technology for better security, transparency, and fairness. He emphasized the importance of building a sustainable digital economy with IOTA as the infrastructure.
When asked about price predictions, Schiener highlighted the focus on technology and application rather than speculative value. He emphasized the hard work being done to ensure IOTA’s success in the industry.
In conclusion, Schiener shared insights into IOTA’s recent launch of the EVM Mainnet, enhancing blockchain capabilities for real-world asset integration. The IOTA Foundation continues to innovate and expand its offerings, positioning itself as a leader in the industry.