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What to Expect from IOTA (MIOTA) Partnerships This Year?

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IOTA

IOTA, ranked among the top ten best coins on the global coin ranking list, has been the center of attention for the past couple of weeks as it scored an important partnership with the largest financial group in Norway. Also, IOTA has been crafting plans to integrate IOTA’s Tangle with Volkswagen technology in order to revolutionize the industry of vehicles and bring the Internet of Things to the automotive industry.

With these two partnerships, alongside with more than several important partnerships that IOTA sealed prior to having the integration of Tangle into Volkswagen’s products arranged and agreed upon, it seems that IOTA foundation is heading for a fruitful year.

Volkswagen to use IOTA for Connected Car System in Early 2019?

Back on June 12th, one of IOTA’s followers on Twitter social network, directly asked IOTA’s co-founder with posting his question publically whether is it true that Volkswagen will integrate IOTA for Connected Car system already in 2019.

The question was soon answered by the co-founder of IOTA, Dominik Schiener, where he stated that Volkswagen has announced that they will be using IOTA as integration for their first product under the mentioned project already in early 2019.

The co-founder of MIOTA stated that Volkswagen has stated this live and onstage, so it is presumed that the first product with the integration of IOTA’s Tangle will become a reality already in the first months of the next year of 2019.

Ever since the Volkswagen’s CDT joined the Advisory Board of IOTA with the Volkswagen partnership being seal back at the beginning of 2018, in January, IOTA seems to have taken the progress of the Internet of Things more than seriously, and that is why we can see MIOTA thriving in the domain of mass adoption and the integration of its technology for different real-life purposes.

IOTA has already gotten the first-ever crypto charging station for electric vehicles in the Netherlands, however, with Volkswagen it seems that the development of the Internet of Things with IOTA’s Tangle comes at a faster rate.

That is how we can expect to see a lot more to come from MIOTA and Volkswagen in the time to come, while many people, crypto enthusiasts or not, are waiting to see IOTA in the working once Volkswagen releases their first crypto driven product, as scheduled for early 2019.

IOTA and DnB Partnership

Another one of the most recently acquired partnerships that could easily boost the development of MIOTA in the market alongside with Volkswagen, is the newest agreement co-signed with Norway’s largest financial group – DnB.

The partnership was announced back at the beginning of June, while DnB showed interest in blockchain-based technology and crypto assets numerous times before in initiating the partnership with IOTA.

However, although the agreement between the two parties was signed, it is not clear under which terms will DnB using IOTA’s technology, but is for sure that IOTA will somehow be integrated into the payment system of Norway’s largest financial group in the following months.

What is known for now is that DnB will be using the Distributed Ledger Technology as well as exploring their possibilities with IOTA.

The CEO of IOTA has stated that Norway always showed “vanguard” tendencies towards adopting and exploring new technologies, stating that they are happy to have become partners with DnB.

The CEO of the 9th-largest currency, however, hasn’t talked about the main motive of the sealed partnership, leaving the public to wait for probably another revolutionary announcement coming from this blockchain-based foundation.

Perhaps, the relation between DnB and IOTA will also become clearer in 2019, that way bringing IOTA more momentum in the terms of already reaching the spotlight with Volkswagen’s Connected Car project that will be using IOTA and Tangle for creating a significant bond between vehicles and the Internet of Things.

IOTA (MIOTA) Performance

IOTA is catching on the negative market trend that has become active since yesterday, on June 21st around noon.

At the moment of this writing on June 22nd, MIOTA can be seen dropping against the dollar by over -10%, while it can be traded at the price of 1.03$ per one unit.

IOTA is still far from its all-time high of around 5$, but never too far, which probably showcases a flattering level of stability that MIOTA has acquired in the market.

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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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