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IOTA is a revolutionary new transaction settlement and data transfer layer for the Internet of Things (IoT). It is based on a new distributed ledger technology, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. Using IOTA, for the first time ever, people and machines can transfer money and/or data without any transaction fees in a trustless, permissionless, and decentralized environment. This means that even nano-payments are possible without the need for a trusted intermediary of any kind.

IOTA is the missing puzzle piece for the Machine Economy to fully emerge and reach its true potential. IOTA is envisaged to be the public and permissionless backbone protocol for the IoT that enables true interoperability between all devices.

Blue Labs

Enabling Web 3 Communities to Build their DreamsBlueLabs, a new beginning with deep roots. TangleSea is transforming into a Lab, focused on creating long-term value in the wide and wonderful world of Decentralised Finance (DeFi). The new…

Open Sourcing the Soonaverse

After 2 years of planning, development, and operation we are proud to announce a major milestone in the history of the Soonaverse, making the platform open source and opening the door to a new stage of growth and inclusion.As a follower of…

SOON Token Rewards on the ShimmerEVM

With the upcoming deployment of the ShimmerEVM, it’s time to get excited about all the new possibilities that will be enabled by L2 smart contracts. The largest event that will occur on the ShimmerEVM shortly after launch is the SOON token…

Q2 2023 Progress Report

TL;DR: Our latest quarterly review summarizes the most recent advancements in the IOTA ecosystem. This quarter saw Shimmer developments including the successful launch of the ShimmerEVM Testnet, the Treasures of Shimmer Testnet

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