IOTA Enters New Phase as Shimmer Launches Ethereum-compatible Chain

The IOTA network has entered a new era with the launch of the Shimmer EVM Public Smart Contract Chain. IOTA began its journey to support smart contracts several years ago, devising a plan for a permissionless multichain solution anchored to either Shimmer or IOTA. This solution utilized DAG as the foundational layer for cross-chain communication. Shimmer, a network with token SMR created to advance major innovations in IOTA, took to X to announce the historic milestone. IOTA cofounder Dominik Schiener is excited about the possibilities brought about by this new chain, taking to X to celebrate the milestone of Shimmer becoming an "L1 network with real utility and a thriving ecosystem."

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