BUILD.5 is making significant progress in its transformation into a comprehensive web3 platform that simplifies interactions with Distributed Ledger Technologies (DLTs) such as IOTA and Shimmer. In their latest development update for November 2023, BUILD.5 introduces new features that are set to revolutionize the IOTA ecosystem.
The Project API is a groundbreaking milestone for BUILD.5, as it separates the foundational Platform OS from the Soonaverse. This allows different ecosystems or “Verses” to thrive on the BUILD.5 platform. Each Verse can cater to specific interests, ranging from IOTA and Shimmer-focused communities to collaborations in IoT, environmental sustainability, healthcare research, and more. These Verses can seamlessly share information, promoting growth and collaboration. The Project API also grants Verse creators the ability to monitor API usage and implement various billing models, including subscriptions and token staking.
BUILD.5’s transition from iota.js to iota/sdk signifies a significant move to support Stardust on the IOTA mainnet. Despite the challenges of refactoring, this update highlights the reliability and stability of BUILD.5. The platform now fully supports both Shimmer and IOTA mainnets, with a battle-tested codebase developed over two years. Enterprise partners appreciate the platform’s security and stability, making it an attractive choice for development.
The Auction API in BUILD.5 expands its functionality beyond NFTs, allowing users to conduct auctions for various products. This update introduces features like Incremental Bid, Multiple Winners, and a “Top Up” feature, enhancing flexibility in auction management. These capabilities have versatile applications in ecommerce and digital advertising, providing businesses with more options.
The Stamp API addresses the crucial need for data integrity in blockchain applications. By storing checksums on the Tangle, it enables the creation of immutable records for various use cases, including securing IoT device updates and backing up content servers. BUILD.5 also offers integration with storage providers, opening doors to decentralized storage solutions.
With seamless integration of IOTA and Shimmer, along with the introduction of versatile APIs, BUILD.5 empowers both enterprises and individuals to innovate and pioneer revolutionary industry solutions.
Recommended resources for IOTA enthusiasts include a Buy IOTA Guide, an IOTA Wallet Tutorial, and the ability to check the 24-hour MIOTA Price. For those unfamiliar with IOTA, it is a distributed ledger technology that aims to power the Internet of Things (IoT) by providing secure and scalable infrastructure.