CandleFocus IOTA News: Don’t Miss Out – IOTA’s European Blockchain PCP Success Signals Bullish Q4
2024-09-11
Author: Content Editor
The article highlights the recent achievements of IOTA, stating that it has completed its final phase of the European Blockchain Pre-Commercial Procurement pilot and has reached a new record in its DeFi Total Value Locked (TVL) this month. The author believes that these accomplishments position IOTA for a bullish fourth quarter. The European Blockchain PCP project, funded by the European Commission, selected IOTA, along with two other companies, to showcase their blockchain capabilities. IOTA deployed three products under the trial, focusing on intellectual property rights management and digital product passports for the electronics and plastics industries. The successful applications from this project will be integrated into the European Blockchain Services Infrastructure. Additionally, the IOTA ecosystem continues to grow with an increasing TVL and potential integration into the Uniswap ecosystem. Despite a slight dip in trading value, the overall market cap of IOTA is $430 million.
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