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Why IOTA Is Up 9% Today

·3 min read
Why IOTA Is Up 9% Today

Iota announced a collaboration with Germany-based ETO GRUPPE to produce hardware with integrated identity, micropayments, data integrity and smart agriculture. The ETO GRUPPE manufactures vehicle components like electromagnetic valves, sensors, modules, etc. In addition to this exciting partnership announcement, IOTA also announced that a Token LaunchPad service module of DAO market platform Soonaverse will start functioning on May 24. IOTA said that it expects many new tokens to enter its ecosystem with these updates, which could explain today's price increase.