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IOTA Surges to 6-Month High with $100M DLT Foundation Launch

Published 11/30/2023, 07:13 PM
Updated 11/30/2023, 07:15 PM
IOTA Surges to 6-Month High with $100M DLT Foundation Launch

  • IOTA’s $100M DLT foundation in Abu Dhabi sparks IOTA token surge, hitting a 6-month high at $0.285236.
  • Abu Dhabi’s blockchain-friendly stance attracts IOTA and other crypto firms, signaling the city’s crypto boom.
  • IOTA’s DLT Foundation aims to revolutionize the Middle East’s blockchain landscape, riding on ADGM’s supportive regulations.

IOTA has announced the launch of the IOTA Ecosystem DLT Foundation in Abu Dhabi. This move marks a significant expansion of IOTA’s distributed ledger technology (DLT) into the Middle East. The foundation, bolstered by $100 million in IOTA digital tokens, represents a strategic effort to grow IOTA’s DLT presence in the region.

The foundation’s mission is to expedite the growth of IOTA’s DLT network and to initiate converting tangible assets into digital forms. Moreover, this ven…

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