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Why IOTA Partnerships Are Ensuring Its Future

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IOTA partnerships

With so many altcoins around these days, it is difficult to find the ones with the most potential. Even finding the coin that has the chances to stick around, in the long run, might be difficult. This is why most people would choose to back the coins that have a potential of solving real-life problems.

While there are many coins with real-life use cases, a lot of them are finding it hard to compete with IOTA (MIOTA). IOTA has proven that its products can not only solve real-world problems of today, but also the problems of the future. The coin has a huge potential when it comes to bringing solutions, but also when it comes to changing the way we use modern technology.

This is why huge IOTA partnerships have been announced over the course of this year, and the coin’s community is more and more enthusiastic with each new announcement.

Biggest IOTA partnerships so far

So far, 2018 seems to be the best year for IOTA, as it managed to make three extremely big partnerships. Those include the ones with Bosch, Fujitsu, and Volkswagen. Thanks to the coin’s many applications, all three of these companies are thrilled to work with it, convinced that IOTA is the best crypto to join their respective industries.

IOTA partnership with Bosch

Bosch has described the Internet of Things as a connected world that is constantly growing. New technologies are becoming linked to it, while the devices themselves are becoming faster, cheaper, but also smaller, and more practical. Last year, the company introduced a new sensor XDK or Cross Domain Development Kit. The company has also taken an interest in IOTA’s Tangle, and with XDK, the interaction with it is expected to reach entirely new levels.

IOTA partnership with Volkswagen

Volkswagen has found IOTA to be a perfect way to deliver new updates and functions to their cars. By integrating IOTA’s technology, all such updates will be easily delivered without the need for each car to receive manual service.

This will improve the current and future cars, but it also has a huge potential when it comes to self-driving cars. Maintaining such vehicles on the road will be easy with IOTA’s technology, but also cheaper, more practical, and much faster.

IOTA partnership with Fujitsu

Fujitsu partnership is the newest one that IOTA entered. This company wishes to offer the benefits of IOTA technology to its customers from the automotive and manufacturing industries. Fujitsu is so thrilled with what IOTA has to offer that it has already described it as a new protocol standard when it comes to IT products and services. The company envisioned entire factories powered by IOTA’s Tangle, which would improve upon their efficiency.

In the end, the possibilities of IOTA’s Tangle technology are almost limitless. While the project has already entered a lot of important partnerships, a lot more of them are expected to come. IOTA definitely has some exciting times to look forward to, and while its coin’s price is still relatively low, this might not be the case in the long run.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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