IOTA launches first cryptocurrency market for the IoT

IOTA Foundation in a partnership with more than 20 companies has recently announced the launch of a new data marketplace
29 November 2017   2160

The Berlin-based IOTA Foundation in a partnership with more than 20 companies, including Microsoft and Fujitsu has recently announced the first publicly accessible data marketplace for the Internet of Things (IoT).

The marketplace, which will allow stakeholders to share and monetize their data in a secure way, aims to demonstrate a proof of concept for a tamper-proof data marketplace. Once uploaded to IOTA’s decentralized ledger, all data is distributed to countless nodes in order to ensure immutability.

We are excited to partner with the IOTA Foundation and proud to be associated with its new data marketplace initiative.

 

Omkar Naik

Blockchain specialist, Microsoft

The news comes as IOTA price rose to a new all-time high $1.54, what might be connected with the launch of a new data marketplace. Furthermore, IOTA is likely to continue moving higher toward $2.00 in the near term.

IOTA chart 1.5IOTA charts

At the moment of press, these are main market parameters of IOTA:

  • Average price: $1.49 USD
  • Marketcap: $4 134 940 430 USD
  • 24h volume: $444 132 000 USD

This Thursday at 8:00 AM PDT, Dominik Schiener and David Sønstebø will have TNW Answers session where they will be responding to questions about the launch of a new data marketplace. We will keep you updated as more details come in.

Reddit Founder to Share Thoughts on Crypto Winter

Alexis Ohanian believes that overall market fall allows to clean industry from speculators and its good for long-time health
22 February 2019   110

The prolonged fall in the cryptocurrency market allows the industry to get rid of speculators, freeing up space for real cryptocurrency enthusiasts. This was announced by the founder of the Reddit social network, Alexis Ohanian, in an interview with Yahoo Finance.

He noted that such mass cleaning is beneficial to the industry’s long-term health.

Now, it's still to be seen. But what's a strong signal to me is still some of the smartest people I know in tech are working on solving these problems. They're building companies that are built on blockchain. The hype is gone. The fervor is gone. But I think that's a good thing.
 

Alex Ohanian

Founder, Reddit

In February, Reddit attracted $ 300 million investment and reached an estimate of $ 3 billion. The Chinese holding Tencent ($ 150 million), investment firms Sequoia and Fidelity, as well as the musician Snoop Dogg, took part in the round of financing.

Earlier, the head of Pantera Capital, Dan Morehead, said that market participants should not worry about cryptosis, as the current situation opens up good prospects for the future development of the bitcoin and blockchain industry.

A similar point of view was expressed by the founder of Morgan Creek, Anthony Pompiano, in November 2018, stating that the bear market is throwing "tourists" out of the game.