IOTA

<h2 id="header-0">Meet the Projects Accelerating Web3 Adoption</h2><p><strong>TL;DR:</strong>The IOTA Tenity RWA Accelerator Program is a Singapore-based initiative aimed at nurturing entrepreneurial talent in the IOTA EVM ecosystem. It has now selected six final participants who will deploy on the IOTA EVM with solutions including Real World Asset tokenization, Digital Product Passports, and Digital Identity. In the Accelerator, each project will receive a $50,000 grant, expert guidance, and networking opportunities, culminating in September in a Demo Day at Token2049.</p><p>After a successful application phase, six projects have been chosen for the<strong> <a href="https://www.tenity.com/programs/iota-apac-accelerator" rel="noopener noreferrer nofollow">IOTA Tenity RWA Accelerator Program</a></strong>, an initiative by the IOTA Ecosystem DLT Foundation and <strong><a href="https://www.tenity.com/" rel="noopener noreferrer nofollow">Tenity</a></strong>, a global innovation ecosystem and early-stage investor located in Singapore.</p><p>The projects will all deploy on <strong><a href="https://evm.iota.org/" rel="noopener noreferrer nofollow">IOTA EVM</a></strong>, the fully EVM-compatible Layer 2 solution for the IOTA network, where they are set to drive Real World Asset tokenization, digital product passports, and digital identity solutions targeting governments, educational institutions, enterprises, and retail users.</p><p>The startups will be guided through the Accelerator Program by a combination of online and in-person sessions. The six teams will receive grants of $50,000 each, mentorship, and support to meet each startup’s needs, including their go-to-market strategy, fundraising, and networking opportunities. The Accelerator culminates on September 17th in a Demo Day ahead of Token2049, where they will present their projects to venture capital funds and the Web3 community. With the support of experienced members and the collaborative spirit of the cohort, an environment has been established where growth and success are fostered equally.</p><p>So let’s introduce the six finalists. Not only are they pushing the boundaries of RWA tokenization, Digital Product Passports, and Digital Identity, but, by deploying on <strong><a href="https://blog.iota.org/iotas-evm-mainnet-launch/" rel="noopener noreferrer nofollow">IOTA EVM</a></strong>, they’re accelerating the utilization of IOTA EVM and the mass adoption of Web3 technology.</p><h3 id="the-cohort-of-the-iota-tenity-rwa-accelerator-program">The Cohort of the IOTA Tenity RWA Accelerator Program</h3><h3 id="qiro-finance">Qiro Finance</h3><p><em>RWA private credit infrastructure and marketplace</em><a href="https://www.qiro.fi/" rel="noopener noreferrer nofollow">https://www.qiro.fi</a> / X: <a href="https://x.com/Qiro_Finance" rel="noopener noreferrer nofollow">&#64;Qiro_Finance</a></p><p>Qiro is an on-chain private credit marketplace connecting fintech asset originators with on-chain investors for fixed yield opportunities. It serves on-chain investors on the supply side and fintech asset originators on the demand side, offering global, cost-effective financing for asset originators and high yields for investors through robust credit underwriting. By pioneering distributed credit underwriting infrastructure, Qiro enhances IOTA EVM with institutional-grade RWA investment opportunities on-chain.</p><h3 id="invoicemate">InvoiceMate</h3><p><em>Tokenization of invoices</em><a href="https://www.invoicemate.tech/" rel="noopener noreferrer nofollow">https://www.invoicemate.tech</a> / X: <a href="https://x.com/MateInvoice" rel="noopener noreferrer nofollow">&#64;MateInvoice</a></p><p>Recognized as a &#34;rising star&#34; in <a href="https://www2.deloitte.com/content/dam/Deloitte/xe/Documents/deloitteprivate/Deloitte-technology-fast50-3rd-edition.pdf" rel="noopener noreferrer nofollow">Deloitte Technology’s Fast 50 program</a> across the Middle East &amp; Cyprus, InvoiceMate is a decentralized invoice financing infrastructure transforming traditional invoices into tokenized RWAs, enabling users to obtain on-chain private credit based on their invoices. This allows stakeholders in trade logistics, supply chains, and SMEs to access finances, while retail investors earn yield, unlocking growth and investment opportunities. InvoiceMate’s strong track record of tokenizing over $223 Million invoicing value with more than 2000 businesses on their platform set it apart, while it brings stablecoin investment opportunities to the IOTA EVM ecosystem.</p><h3 id="the-real-lifestyle">The Real Lifestyle</h3><p><em>Tokenization of real estate</em><a href="https://trlco.world/" rel="noopener noreferrer nofollow">https://trlco.world</a> / X: <a href="https://x.com/Trl_co" rel="noopener noreferrer nofollow">&#64;Trl_co</a></p><p>The Real Lifestyle addresses the unaffordability and inaccessibility in the homeownership and rental economy while democratizing property investments globally. Its users benefit from simplified homeownership and rentals, while investors gain from new investment opportunities through fractionalized ownership and the ability to earn yield. By tokenizing property portfolios and providing revenue-generating products, The Real Lifestyle delivers increased on-chain activity and TVL to the IOTA EVM ecosystem through asset token staking and transactions.</p><h3 id="blackfrog">BlackFrog</h3><p><em>Tokenization of commodities</em><a href="https://blackfrog.xyz/" rel="noopener noreferrer nofollow">https://blackfrog.xyz</a> / X: <a href="https://x.com/BlackFrog_xyz" rel="noopener noreferrer nofollow">https://x.com/BlackFrog_xyz</a></p><p>The renewable energy transition will increase the demand for critical minerals like copper and cobalt by up to 300% by 2030. Industrial mines can’t meet this demand alone, necessitating small-scale mining to fill the supply gap. However, small-scale miners lack access to international financial markets. BlackFrog – a new IotaOrigin project – addresses this by providing pre-financing through loans, bonds, and commodity-backed yield-bearing stablecoins via its RWA launchpad. It enables retail investors to enter the critical minerals market by tokenizing these assets and offering interest on held commodities. BlackFrog has a first-mover advantage in financing small-scale mines through the RWA launchpad, while the IOTA EVM ecosystem benefits from tradable yield-bearing stablecoins backed by commodities.</p><h3 id="orobo">Orobo</h3><p><em>Digital Product Passports</em><a href="https://orobo.tech/" rel="noopener noreferrer nofollow">https://orobo.tech</a> / LinkedIn: <a href="https://www.linkedin.com/company/orobo-tech/" rel="noopener noreferrer nofollow">&#64;orobo-tech</a></p><p>Orobo develops the digital layer of the circular economy, digitizing the global transition towards a sustainable economy and responsible use of resources. Its solutions are used for RWA tokenization, sustainability reporting, carbon credits, digital twins, and compliance and include Digital Product Passports for the built environment. Producers of materials and products, managers of real estate assets, and building owners use Orobo to valorize, validate, and verify their products and materials. Orobo’s automated data collection extracts and structures data from operations and supply chains by leveraging IOTA EVM.</p><h3 id="auvo-digital">Auvo Digital</h3><p><em>Digital Identity</em><a href="https://auvo.io/" rel="noopener noreferrer nofollow">https://auvo.io</a>  / X: <a href="https://x.com/AuvoDigital" rel="noopener noreferrer nofollow">&#64;AuvoDigital</a></p><p>AuvoID is a no-code organization identity management platform that makes complex, secure identity and verifiable data solutions accessible to all businesses. Partnering with UNESCO, DIDAS, and other stakeholders, AuvoID addresses occupational and certification fraud, costing $4.5 trillion annually, by simplifying compliance and verifiable credential management. Businesses and institutions benefit from faster deployment, reduced admin times, lower costs, and streamlined onboarding while maintaining compliance. Additionally, AuvoID leverages IOTA Identity and IOTA EVM’s speed and low-cost infrastructure to provide compliant, reusable KYC/AML solutions and scalable, account-bound wallet verification.</p><h3 id="singapore-in-september">Singapore in September</h3><p>Having embarked on their journey by joining the IOTA Tenity RWA Accelerator Program and deploying on IOTA EVM, these six finalists will present their projects at Demo Day in Singapore on September 17, before the Token2049 Singapore conference.</p><p>According to Dominik Schiener, Co-Founder and Chair of the IOTA Foundation, “We’re thrilled to witness the launch of the IOTA Tenity RWA Accelerator Program. This initiative marks a significant milestone for the IOTA EVM, providing a robust platform for innovative projects to flourish. By focusing on asset tokenization and adoption, these six pioneering startups are set to revolutionize the landscape of decentralized finance and Web3 technology. The support and mentorship offered through the Accelerator Program are crucial in driving the growth of RWA tokenization, ensuring that IOTA EVM users can benefit from cutting-edge solutions that bridge traditional industries with the blockchain ecosystem, paving the way for a more decentralized and interconnected world.&#34;</p><p>You can learn more about each project and its progress by following them on social media – and watch this space for future projects that expand the IOTA EVM ecosystem!</p><p>Follow us on our official channels for the latest updates: <a href="https://discord.iota.org/" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://twitter.com/iota" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://www.linkedin.com/company/iotafoundation/" rel="noopener noreferrer nofollow">LinkedIn</a> | <a href="https://www.instagram.com/iotafoundation/" rel="noopener noreferrer nofollow">Instagram</a> | <a href="https://www.youtube.com/c/iotafoundation" rel="noopener noreferrer nofollow">YouTube</a> | <a href="https://coinmarketcap.com/currencies/iota/" rel="noopener noreferrer nofollow">CoinMarketCap</a></p>

Introducing the IOTA Tenity RWA Accelerator Finalists

Indice dei contenuti

IOTA

Altri articoli pubblicati su 25 lug 2024

Dogecoin (DOGE) Market Cap Back Above $20 Billion, While WIF Posts Double-Digit Gains

Bitcoin, Ethereum Flat, But Dogecoin Spikes: 'Veteran Holders Are Not Selling Bitcoin,' Analyst H...

MoonBag Skyrockets Past $3.7 Million Presale as VeChain and GALA Struggle: Is This the Best in 2024?

Shiba Inu (SHIB) Surges 8,530% in Netflows, Here's Intriguing Twist

Here’s Why The Bitcoin Price Crashed Below $66,000, Taking Shiba Inu And Dogecoin With It

Fractal ID Suffers Data Breach: Postmortem Report Details Incident

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!