IOTA’s UniMe Identity Wallet Enters Beta Phase, Demonstrating Commitment to Real-World Adoption
Jelle Millenaar recently announced the launch of the UniMe Wallet based on IOTA Identity, which is now in its Beta phase. After undergoing rigorous testing and receiving positive feedback, the focus has shifted from simply explaining the technology to showcasing it at various events.
Exciting news! The Identity-based UniMe Wallet by IOTA is officially in Beta! Testing is complete, and the initial feedback has been fantastic. This technology showcase is just the beginning for the entire IOTA and Shimmer ecosystem! Retweet, IOTA, and Shimmer fans!
Over the next few weeks, the wallet will be presented at various presentations and workshops. A collaboration with KW1C will facilitate a Tech Day, allowing regional stakeholders to immerse themselves in the capabilities of UniMe, eIDAS, and OpenID. Additionally, the MBO Digital Conference, attended by software experts, educators, and institutional leaders, will provide a platform for IOTA’s innovations. To further disseminate knowledge, the team is also scheduled to present their findings at an SSI event organized by the BCcoalitionNL.
Although still in Beta, the UniMe wallet promises a continuous stream of improvements leading up to its official launch. The underlying technology, based on standards from OpenID and W3C, already indicates a mature platform, paving the way for widespread real-world adoption of IOTA Identity.
Amidst IOTA’s progress, broader trends in the crypto world are emerging. Raoul Pal, a renowned global macro investor, notes the seemingly calm crypto landscape that masks significant growth of 50-100% within the year. However, this growth has not been perceived as robust due to the market’s stagnation since April.
The monetary strategies of central banks play a crucial role in influencing these conditions. A combination of a slowing economy, rising unemployment, and decreasing inflation suggests an imminent shift in monetary policies. Pal predicts a potential pause in rate hikes, the end of quantitative tightening, and consideration of rate reductions as we approach 2024.
Adding to the narrative, Solana emerges as a favorite in the crypto domain, especially after its integration into Visa’s blockchain pilot. Pal attributes Solana’s rapid rise to its fast transaction capabilities and its differentiation from Ethereum. With a strengthened value proposition through a unified ecosystem, Solana exhibits strong performance even in an unpredictable market.
Solana’s pricing dynamics have been volatile throughout the year. After reaching $32.13, the crypto experienced a dip but showed signs of resilience. The market remains divided on its trajectory, but for crypto enthusiasts, the future looks promising.
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