IOTA sets up a fund in Abu Dhabi and invests more than US$100 million to promote network development!
According to news: IOTA announced the establishment of the IOTA Ecosystem DLT Foundation in Abu Dhabi and has completed registration in accordance with the DLT Foundation regulations of the Abu Dhabi Global Market (ADGM). The foundation plans to inject more than $100 million in IOTA tokens, which will be gradually released over the next four years. These funds will be used to promote the development of the IOTA ecosystem and accelerate the evolution of the protocol. Additionally, IOTA plans to work with institutional investors, governments, and academic institutions to tokenize real-world assets and bring them to the blockchain.
According to news: IOTA announced the establishment of the IOTA Ecosystem DLT Foundation in Abu Dhabi and has completed registration in accordance with the DLT Foundation regulations of the Abu Dhabi Global Market (ADGM). The foundation plans to inject more than $100 million in IOTA tokens, which will be gradually released over the next four years. These funds will be used to promote the development of the IOTA ecosystem and accelerate the evolution of the protocol. Additionally, IOTA plans to work with institutional investors, governments, and academic institutions to tokenize real-world assets and bring them to the blockchain.