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- The recent development for the IOTA EVM launch includes the successful deployment and testing of essential features like the MultiSignature Wallet and establishment of third-party RPC Nodes.
- With concerted efforts from the IOTA Ecosystem and BD Team, the ecosystem aims to foster a flourishing environment for DeFi and RWA.
The team at IOTA Foundation has been working diligently for the launch of the IOTA EVM. In one of IOTA’s Discord channels, a team member has shared the progress made with respect to the EVM deployment.
In a recent announcement, the IOTA Ecosystem has provided updates on the progress of the IOTA EVM (Economic Value Management). According to the announcement, there have been significant advancements indicating readiness for the next phase of development.
Key highlights from the update include the deployment and successful testing of the long-awaited MultiSignature Wallet, now accessible for users. Additionally, third-party RPC Nodes have been established and tested, supporting teams in deploying and testing applications on IOTA EVM.
The Indexer/Subgraph solution is already operational, with teams actively constructing their subgraphs. Furthermore, both Oracle providers have demonstrated seamless functionality, offering Pull and Push Oracle services to EVM teams.
Next techn. Announcement #IOTA pic.twitter.com/GTJ3y63ONb
— IOTA Vrom 🦋✨️🐙💪🌊☠️🤖 soon (@Vrom14286662) May 27, 2024
The growing adoption is evident as numerous teams have joined the dedicated Builder Discord, leading to a surge in applications and opportunities within the IOTA EVM ecosystem. Furthermore, the IOTA Ecosystem and BD Team’s concerted efforts aim to create a thriving DeFi (Decentralized Finance) and RWA (Real-World Assets) ecosystem, per the Crypto News Flash report.
Additionally, initiatives for community engagement are underway to commemorate the imminent launch of IOTA EVM. Overall, these developments signify positive momentum for the IOTA Ecosystem, suggesting that the launch of IOTA EVM is on schedule and promising.
IOTA EVM Launch Is Imminent
The launch of the IOTA EVM draws nearer, heightening anticipation within the IOTA community. With its impending debut, the dormant $660 million potential will unlock a realm of opportunities spanning tokenization, DeFi (Decentralized Finance), decentralized identity, and more.
According to Crypto News Flash, the IOTA EVM underwent a soft launch on the Shimmer test network in March. Susanne Krone, head of the ecosystem at the IOTA Foundation, characterized this soft launch as the commencement of a “carefully phased roll-out.” This strategic approach also entails collaborative efforts with the builders’ community to establish the foundational framework and assemble the requisite infrastructure for forthcoming developments.
The arrival of IOTA EVM will further make way for the launch of IOTA 2.0, as reported by Crypto News Flash. The public testnet for IOTA 2.0 went live last week. According to community reports, the team is currently engaged in preparations for the anticipated launch of the IOTA 2.0 mainnet, slated tentatively for August of this year.
However, before achieving this milestone, the IOTA developer team must navigate the deployment of the IOTA EVM (Ethereum Virtual Machine), which is crucial to providing the required infrastructure support for the IOTA 2.0 launch.