The founder of IOTA, Dominik Schiener, has announced that he will release an update on the network's progress, highlighting its expansion beyond the Internet of Things (IoT) industry. Schiener envisions IOTA as a general-purpose blockchain network that can support applications in various sectors such as logistics, supply, health, governance, and identity. Tokenization is a major focus for the IOTA Foundation, as it sees it as the "silver bullet" of cryptocurrencies and a large untapped market. The IOTA EVM network currently holds $95 million in total value locked, and IOTA's token has been trading publicly since its fair launch, differentiating it from other projects that gave away tokens to founders and VCs. IOTA's token trades at $0.5121, with a 4% gain in the last day and a 129% gain in the past week, giving it a market cap of $1.81 billion.



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