How IOTA Rebased is Powering Blockchain Growth in Africa

• Through partnerships like the one with Sui Network, IOTA is fostering blockchain innovation by ensuring compatibility with MoveVM and EVM.
• Following the launch of IOTA Rebased, the IOTA token has seen a 4.09% price increase to $0.1914.

IOTA Africa is leading a revolution in the blockchain industry with its latest project, IOTA Rebased. This initiative seeks to increase decentralization and promote the development of blockchain technology on the continent. With engagement with communities, empowering developers, and developing real-world use cases, IOTA is establishing itself as a central figure in Africa’s Web3 revolution, as highlighted in the previous article.

IOTA Africa Adopts A Vision for Decentralized Growth

IOTA has navigated different hurdles in its blockchain journey but has stood firm in its vision. With the launch of IOTA Rebased, the organization is doubling down on its efforts in Africa and aims to establish a strong and decentralized ecosystem. “Success doesn’t come overnight, but through consistency and dedication, we are shaping a future where IOTA thrives in Africa,” IOTA Africa posted on X.

One of IOTA Africa’s major objectives is the facilitation of opportunities for contributors, developers, and investors across the categories of DeFi, Web3, and blockchain development. Training plays an imperative part in realizing this aim with special focus given to physical meetups and hacker houses meant to expose the individuals involved to requisite knowledge. “We’re creating opportunities for builders, investors, developers, and contributors to explore DeFi, Web3, and cutting-edge blockchain innovations,” the team noted.

Collaborative Approach & Demand For Developer Contribution

Moreover, collaboration is central to IOTA’s approach. Its collaboration with Sui Network is poised to amplify the growth of MoveVM and push the philosophy of decentralization. Through the partnership, both networks seek to launch innovative blockchain technologies that solve African real-world problems. “IOTA’s partnership with Sui Network strengthens the vision of MoveVM & decentralization,” IOTA Africa stressed.

It is actively backing up blockchain developers by guaranteeing compatibility with MoveVM and EVM. Apart from technical contributions, the program also accepts participation by experts who specialize in design, content development, and research in DeFi. “We are building a permissionless, scalable blockchain ecosystem,” said the company.

IOTA Africa is also inviting early contributions from developers, researchers, and content creators who wish to co-create Africa’s blockchain future. “The best time to get involved is now,” the group proclaimed, calling upon contributors to become part of the movement. Guided by an emphasis on decentralization, education, and community, IOTA Rebased is positioning itself to be a force for blockchain growth in Africa, as mentioned in the previous story.

Amid these achievements, the IOTA token is observing stability after a significant downturn since last month. At press time, the IOTA price was $0.1914, up by 4.09% on Monday, March 24. Furthermore, the token’s open interest gained 3.16% to $21.29 million.