In recent times, IOTA’s heritage in the German capital has clearly attracted several indigenous companies with deep pockets. For instance, the Chief Digital Officer of Volkswagen Group, Johann Jungwirth, is one of the board members of the IOTA Foundation. Bosch Group, through its venture capital arm, RBVC, has also invested an undisclosed amount and works closely with the foundation.
When interviewed by Bloomberg, IOTA co-founder Dominik Schiener shared his belief that with these new partnerships, IOTA is heading for the “next growth cycle”. There are also rumors circulating in the crypto community surrounding a possible smart contracts-like feature in IOTA. Setting up multiple offices around the world, including ones in Canada, Japan, Norway and South Korea, is perhaps in anticipation of explosive growth following these changes.
Developers and mathematicians hired by the IOTA Foundation to work on the cryptocurrency are paid in IOTA tokens and not fiat currency. The foundation has accrued over 300,000 Euros in IOTA donations from users of the currency, according to Dominik…
Read Full: IOTA Cofounder is Optimistic for the Cryptocurrency’s Future Amid Global Expansion