IOTA Co-Founder Dominik Schiener Shares Extensive Details About the Vision of the Project and Possible Exchange Listings

IOTA co-founder Dominik Schiener has, in a 1-hour and six-minute video, shared extensive details about the vision of the project and possible exchange listings.

Dominik Schiener, who co-founded IOTA, has provided extensive details about the project's vision and potential exchange listings in a 1-hour and six-minute video.

In the video analyzed by CNF, Schiener discussed the news of Donald Trump's victory and how it could significantly shift the crypto industry. According to him, the change in the US political climate and the significant move in the Bitcoin price would be a tailwind for the entire crypto market, especially IOTA.

Highlighting the main goal to strengthen the fundamentals and ensure the asset's adoption in the real world, Schiener disclosed that several high-profile partners have joined, boosting investors' confidence in the asset.

When asked about IOTA's activities in the past years, the co-founder explained their focus on critical initiatives to accelerate the path toward adoption. He also emphasized the team's efforts to ensure that all their initiatives are reflected in the token's price.

Moreover, he mentioned their work on a digital product passport to certify products on-chain, attaching an Identity to each product to verify its authenticity.

As reported earlier by our publication, the digital product passport leverages IOTA Technology to enhance transparency and traceability throughout the life cycle of an electronic device.

This is something we did as part of ETSY. This is something we have some exciting new partners, and this is where we are doing stuff in terms of product traceability…this is something that is driven by regulation. IOTA is one of the only solutions in the market.

Regarding TWIN, he revealed that they have been building two separate ecosystems with reward adoption efforts and “a start in Web3.” Elaborating further, he stated that the IOTA foundation's role is to use its market reputation to create a user acquisition on-ramp.

Speaking on the IOTA EVM, Schiener highlighted the project's growth with a Total Value Locked (TVL) of $22 million. According to him, the team is aiming at a TVL of $100 million to approach exchanges confidently.

(Exchanges) want to see activity and growth. We are in touch with all the exchanges, and we know that once we make progress, we will reach out to them again, but there is no guarantee.

Currently, the team aims to achieve higher TVL, better liquidity, attract more users, and ensure that IOTA is positioned uniquely.

At press time, IOTA (IOTA) was dreading at $0.118 after surging by 2.9% in the last 24 hours.

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