CandleFocus IOTA Rebased Ushers in New Era: Tokenization Meets Real-World Assets (RWAs)
2024-12-02
Author: Content Editor
IOTA's recent upgrade, Rebased, has attracted significant attention in the crypto market. Many experts believe that the new network architecture will make IOTA the leading platform for tokenizing real-world assets. The upgrade allows IOTA to become the first Layer 1 network to have a dual smart contract ecosystem, combining Parallelized Move VM and EVM. This advancement positions IOTA as a game-changer for real-world assets and decentralized finance (DeFi), with the potential to tokenize goods, financial instruments, and enable applications like trade finance and supply chain tokenization. The Rebased upgrade has already attracted notable players like Gen Sol, a Web3 gaming and animation platform. Despite its price underperformance in recent years, IOTA has experienced an 18% gain and now has a market cap of $1.25 billion.
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