The recent announcement by IOTA founder Dominik Schiener regarding the onboarding of real-world assets (RWA) worth $100 million has had a significant impact on the price of the IOTA crypto asset. Following this news, IOTA saw a 13% increase in its trading price, reaching $0.2422. Additionally, the daily trading volume of the asset has surged, reaching almost $150 million within a span of 24 hours.
During an AMA session on the KuCoin crypto exchange, Schiener also unveiled plans for the launch of the IOTA Ethereum Virtual Machine (EVM) on March 31, 2024. Moreover, he elaborated on IOTA’s work towards tokenizing real assets (RWA), which is poised to open up lucrative opportunities within the IOTA ecosystem.
Furthermore, Schiener emphasized IOTA’s expansion strategy, with a particular focus on the EU and key Asian markets such as Korea, Japan, and Singapore. His vision for IOTA is to position it as the leading DLT for asset tokenization while ensuring compliance with regulatory requirements globally.
The notable upward movement in IOTA’s price and trading volume underscores the market’s positive response to these developments and signals growing interest in the potential of IOTA within the crypto and NFT space. These advancements further solidify IOTA’s position as a pioneering player in the crypto industry.
