IOTA Introduces EVM to Enable DeFi and Real World Asset Integration

Wednesday, 5 June 2024, 17:15

IOTA introduces the Ethereum Virtual Machine (EVM) to its network, allowing developers to create applications with smart contracts. The EVM integration enhances the potential for decentralized finance (DeFi) projects and the tokenization of real world assets on the IOTA network. This move aims to attract more developers and users to leverage IOTA's capabilities in the growing DeFi space, positioning the network as a versatile platform for secure and efficient asset management.

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IOTA Launches EVM for DeFi and Real World Assets Integration

The introduction of the Ethereum Virtual Machine (EVM) to the IOTA network marks a significant advancement for the platform. Developers are now able to create applications with smart contracts, promising innovative solutions for decentralized finance (DeFi) and the tokenization of real world assets.

This integration of EVM opens up new possibilities for building secure and efficient financial applications on IOTA, attracting interest from developers and users alike. The move positions IOTA as a competitive player in the evolving DeFi landscape, offering a platform for diverse asset management applications with real world applications.

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