IOTA announces $100 million Ecosystem DLT Foundation in the UAE
IOTA continues strategic expansion with first DLT Foundation in the UAE’ The IOTA Foundation will allocate $100 million to the initiative. IOTA price was rallying after the news, up 50% at the time of writing. IOTA’s strategic expansion has reached another milestone with the registration of the first DLT foundation in the United Arab Emirates (UAE). The IOTA Foundation first announced plans for the foundation in September, highlighting registration with the Abu Dhabi Global as a step that would aid IOTA’s expansion in the Middle East and North Africa (MENA) region. The news came as the IOTA price spiked more than 50% to above $0.26. IOTA Foundation allocates $100 million to initiative Per today’s announcement , an investment of over $100 million has been allocated for the DLT Foundation, with the funding done in IOTA tokens. These will be vested over the next four years as the foundation looks to nurture innovation and adoption of ...