IotaOrigin Joins Touchpoint Open Builders Program
The full article was originally published by Shimmer on blog.shimmer.network. Read the full article here.
Tokenized Commodities as a New Asset Class in DeFi
IotaOrigin is both a traceability system that uses IOTA to ensure compliance with international minerals laws and a DeFi platform for trade in critical commodities for the energy transition built on Shimmer.
A recent article on the IOTA Foundation blog explored IotaOrigin’s traceability system and its benefits for trading conflict-free raw materials; now, as IotaOrigin is officially welcomed into the Touchpoint Open Builders Program, we’d like to share some insights into its DeFi platform on Shimmer.
IotaOrigin’s DeFi platform uses fractionalizable financial NFTs to represent real-world assets (RWAs) which are tradeable in NFTpools to ensure sufficient liquidity for real-world assets and commodities on-chain. We’ll let them explain more in their own words.
IotaOrigin introduces itself
From working on a trusted supply chain for conflict-free resources to creating a DeFi platform for tokenized commodities is quite a journey, and we’re excited to host this evolution on Shimmer. To explore this fascinating project in more depth, alongside the blog post linked at the beginning of this article, why not check out the IotaOrigin Twitter channel and Discord.
IotaOrigin joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to funding, experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer networks. You can learn more about how Touchpoint works and how to become a part of it here.
Shimmer is an L1 innovation network providing the core building blocks for a scalable, modular multi-chain architecture. Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains. At the same time, Shimmer ensures interoperability and composability of L2 smart contract chains, capable of connecting any type of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for feeless minting and transfer of native assets without middlemen or crippling gas fees.
The native token of Shimmer is SMR, which serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Shimmer users use the SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.