All Updates

All Updates

icon
Filter
Product updates
IOTA launches Ethereum layer 2 network focused on real-world assets
Decentralized Finance (DeFi)
Jun 4, 2024
This week:
Funding
GrayMatter Robotics raises USD 45 million in Series B funding to accelerate AI-powered robotics solutions
Smart Factory
Yesterday
Funding
Vecna Robotics raises USD 100 million in Series C funding; appoints new COO
Logistics Tech
Yesterday
Funding
Vecna Robotics raises USD 100 million in Series C funding; appoints new COO
Smart Factory
Yesterday
Funding
FairNow raises USD 3.5 million to advance AI governance solutions
Generative AI Infrastructure
Yesterday
Partnerships
Gravitics develops testing gauntlet for larger spacecraft in collaboration with NASA
Space Travel and Exploration Tech
Yesterday
M&A
knownwell acquires Alfie Health to integrate AI in primary and obesity care services
Telehealth
Yesterday
Funding
Pomelo Care raises USD 46 million in Series B funding to expand virtual maternal care
Telehealth
Yesterday
Funding
Isar Aerospace raises EUR 65 million, backed by NATO Innovation Fund
Space Travel and Exploration Tech
Yesterday
Product updates
Beyond Meat releases new Beyond Sausage, expanding its Beyond IV product line
Plant-based Meat
Yesterday
Product updates
Funding
SurrealDB raises USD 20 million in Series A; launches beta version of Surreal Cloud
Data Infrastructure & Analytics
Yesterday
Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jun 4, 2024

IOTA launches Ethereum layer 2 network focused on real-world assets

Product updates

  • IOTA, a blockchain-based IoT platform, has announced the launch of its Ethereum layer 2 network for tokenizing real-world assets.

  • The launch will also introduce a number of new features into the IOTA ecosystem. These include smart contracts, parallel processing, which allows for multiple transactions to be executed simultaneously, smart contracts, cross-chain capabilities, which allow for interoperation between different blockchains, and protection against maximal extractable value (MEV), which will reduce gas fees.

  • IOTA is a trust layer protocol designed for IoT, which provides an open, feeless, and scalable distributed ledger technology (DLT) known as the “Tangle.” IOTA transactions validate two other transactions, removing the need for miners and enabling zero-fee transactions. This makes it an ideal solution for microtransactions, which are crucial for IoT applications.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.