IOTA continues to expand its reach in Abu Dhabi and Africa through strategic partnerships, while also making significant advancements in technology with the upcoming release of IOTA 2.0. The formation of the IOTA Foundation in Abu Dhabi in collaboration with the Abu Dhabi Global Market (ADGM) marks a major milestone for IOTA’s development in the Middle East. Additionally, IOTA has partnered with Trademark Africa and the World Economic Forum (WEF) in trade financing initiatives. The collaboration between IOTA, Trademark Africa, and WEF resulted in the creation of the Trade Logistics Information Pipeline (TLIP), which aims to streamline trade processes and increase efficiency in Africa and Abu Dhabi. This initiative further establishes IOTA as a trusted trade solution endorsed by governments and regulators. Furthermore, IOTA has strengthened its relationship with the European government through its participation in the EBSI PCP program and its involvement in testing digital IDs and data provenance systems within the EU. IOTA’s technological advancements include the anticipated release of an Ethereum Virtual Machine (EVM) and the transition to IOTA 2.0, which will feature a testnet deployment, a whitepaper, and a consensus document. IOTA is also moving towards decentralization by replacing its coordinator with a validator committee and implementing a DAG with Nakamoto consensus. In terms of market performance, IOTA is currently trading at $0.3441 with a trading volume of $23.9 million and a market capitalization of $1 billion. The integration of Transak into the Bloom wallet allows users to purchase IOTA directly from their wallets, enhancing accessibility to the cryptocurrency.
