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IOTA ecosystem – IOTA’s home of the decentralized future

The IOTA Foundation announces and starts the IOTA Ecosystem after various negotiations that led to the formation of partnerships to support the network. IOTA Ecosystem – represents a place where initiatives, startups and developers work on a global scale with the aim of a decentralized future.

With giants like Volkswagen, who added their CDO Johann Jungwirth and BOSCH with Dr. Hongquan Jiang joined the board of directors and advisors of the IOTA Foundation, the network continued to grow, which would assist in numerous battles such as legal and technical battles.

On the other hand, Dominik Schiener – co-founder of IOTA, continued to meet with the Fujitsu team to examine the potential of machine to machine and Industry 4.0

The Multi-Million Dollar Fund – The Ecosystem Development Fund

The project was planned and carried out by some members of the IOTA community who came up with the idea of ​​realizing the fund that could hold back various sides and efforts in creating the ecosystem.

The fund managed to raise donations from many community members who are raising an amount of 20 TIOTA (equivalent to ~ $ 200,000 at the time), which is valued at tens of millions of dollars today and thus has great potential to improve the ecosystem in the future to strengthen.

“While we still have a lot of details to work out, we are starting to move towards a framework that will define the IOTA ecosystem and EDF in the future. With the IOTA community at the center of this initiative, we wanted to share some of our thoughts now to give the wider IOTA community the opportunity to share thoughts, suggestions and insights. “

Based on the Development Fund, the foundation can continue to indicate various projects that are supported that the community believes will have a huge impact on IOTA’s journey.

The real purpose of the EDF is to bring together practitioners, developers, hobbyists and enthusiasts to build IOTA applications into all aspects of the economy, including the for-profit, not-for-profit, academic and government sectors.

Have different [while being many] Old and new members who are doing their part in the rise of IOTA, the team feels that the project would be natural to have a place where everyone can share ideas, work together, and so on:

“The role of the EDF is to support any work that contributes to the ecosystem. The IOTA ecosystem is too broad a community to be limited in focus, and therefore the EDF will be independent of both industry and geography. All aspects of the IOTA ecosystem are supported including, but not limited to, education, awareness, public utilities, proof of concept, pilots, philanthropy and development. The EEF does not aim to select winners and losers, but rather promotes an open and collaborative environment in which work can be shared and improved. Through a reputation system, the community is responsible for evaluating the quality of the contributions and determining the trustworthiness of the community members of the ecosystem. “

What makes it even more interesting is the fact that anyone can be part of the ecosystem while giving out conceptual thoughts, ideas, or the advancement of IOTA. Everything will be checked and discussed by the foundation and if approved, the EDF will support a possible project and / or a solution for the IOTA ecosystem. Those who would try hard and determined to help the network and the ecosystem will receive a fund as an award to continue working on its development.

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