Iota has announced that it is preparing to launch its Assembly Layer-1 smart contract network with the aim of growing in multiple industries, including Decentralized finance (DeFi) and Non-fungible tokens (NFTs).
IOTA’s new Assembly platform will offer developers the flexibility to customize and launch their own smart contracts. Assembly offers its developers, creators, early participants, and DAOs of the Assembly ecosystem a total ASMB will distribute 70% of the token supply.
This 70% is in the distribution 40%′INI DAO, 20%To investors who own IOTA, 10%will distribute its . 20%It is set to leave .
Assembly, the new decentralized smart contract platform, is similar to IOTA’s smart contract, but new It has an architecture. It also leverages the IOTA network as a reliable bridge for interoperability between smart contracts.
Founder of IOTA Foundation Dominik Schiener said:
assembly, dApp It aims to be one of the largest cryptocurrency ecosystems by offering unlimited opportunities and unique technical features for its developers. Assembly aims to be a leader in Web 3.0 and Metaverse by establishing an open and community managed network.
In the last seven-day period, approximately 7.5%According to CoinMarketCap data at the time this article was written, IOTA 1.49 traded in dollars.
IOTA is the 46th most valuable cryptocurrency in the list of CoinMarketCap. The daily trading volume of the coin is 155,477,565 dollar.