At IOTA, small messages currently dominate daily events. We are watching the final of the Staking Assembly (ASMB), pending smart contracts and finances from the IOTA Foundation.
After a mixed crypto year 2022 for IOTA (here is our annual review), investors are hoping for significant progress in the ecosystem in 2023. The focus here is on the Assembly (ASMB) project. Here the IOTA Foundation made by Twitter drew attention to the fact that the fourth and final round of staking for ASMB will end on February 5.
If you hold IOTA and wish to register it for Assembly staking, you must use the latest version 1.7 of the official Firefly Wallet. The Assembly should actually know about the launch of a mainnet last year, such as the second side project of IOTA Shimmer (SMR), but this plan did not materialize at the ASMB. Instead, there were also indications from the IOTA Foundation that the venture capital pledged for Assembly was not flowing and that the whole project could be abandoned. At least the current commitment to ASMB staking leaves room for speculation, unfortunately the IOTA Foundation does not respond to questions about the status of the assembly.
The IOTA Foundation is also silent on the financial situation. More recently, Twitter user ThatsNotMyCode observed massive IOTA selloffs, which he attributes to the foundation and suggests rapidly dwindling reserves. These sales make noise This is not my code continue without decreasing and would end in about two weeks at the current rate – namely when the IOTA reserves are exhausted. However, it remains unclear whether the IOTA Foundation also holds other reserves or expects donations to provide funding for 2023.
In the development work for IOTA, the integration of the Ethereum Virtual Machine (EVM) is currently the main topic. EVM is a proven standard for organizing smart contracts and therefore opens it up to a wide range of applications. It must first be imported and tested at Shimmer before arriving at the IOTA Tanglenet itself. But the head of the foundation, Dominik Schiener, still sees a considerable need for tests screenshot show of his discussion with the community. Schiener does not want to set a target date for the introduction of EVM and smart contracts at Shimmer, another long waiting period seems realistic.
Conclusion: Development backlog at IOTA – when will the node burst?
The overall crypto market is currently characterized by cautious upward trends and has given IOTA and Shimmer an increase of around 40% since the New Year. Behind the scenes, however, the IOTA Foundation has to observe how the demands information on crucial projects such as the integration of EVM or the state of affairs at Assembly are becoming more and more frequent. Because one thing is clear: IOTA is already behind on its own announcements and new use cases need EVM as a basis.
