Milestone

Since the inception of IOTA, we have unabashedly done things differently. Everything we do is based on a comprehensive long-term perspective in mind to achieve mainstream adoption and to become the backbone of the Internet of Things and Web 3.0. Exactly because we want to achieve maturity of the technology and the ecosystem as fast as possible, we have chosen Germany as the jurisdiction of the IOTA Foundation.

It may seem counterintuitive to go through the painful process of becoming a regulated non-profit entity in Germany, especially when considering “easier” alternative options in other jurisdictions. But subjecting ourselves to the onerous oversight of one of the world’s most respected governments, within the heart of the EU, will give IOTA an unparalleled legitimacy to pursue visionary projects together with forward-thinking public and private sector organizations and research partners across the globe.

For the entire IOTA project and the broader ecosystem this represents a major milestone. It will open up opportunities and will elevate the project to an echelon barely explored by crypto up until now. Since the early back of the envelope theory underpinning Tangle in 2014, to the first strings of code in 2015, to be working with several of the largest organizations in the world and now having the IOTA Foundation setup has been a wild ride — and it’s about to get even more exciting.