This week IOTA, the distributed ledger technology (DLT) project focused on the Internet of Things, saw a boost in its native token price, with a 31% rise. This was largely due to the launch of its new IOTA Ecosystem DLT Foundation, which is registered in the UAE with more than $100 million of IOTA tokens. They also shared their plans to become fully compatible with the Ethereum (ETH) Virtual Machine (EVM) by the first quarter of 2021. The increase in price was likely reflective of the market's confidence in the success of these upcoming endeavors, as IOTA seeks out various partnerships, collaborations, and tokenization of real world assets- all of which have the potential to bring significant growth and expansion to the project.



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