Cartesi x IOTA Foundation Partnership

Cartesi & IOTA announced formal partnership to accelerate the development & adoption of IOTA Smart Contracts, to integrate Cartesi VM as an official VM option for IOTA dApps.

They hope to expand the user base of popular Decentralised Finance (DeFi) use cases such as Automated Market makers (AMMs), gaming, Non-Fungible Tokens (NFTs), and Oracles, while strengthening IOTA’s ability to offer decentralized technologies to corporations using common technology stacks.

The IOTA Foundation and Cartesi stand well-aligned in vision: Cartesi is working to close the gap between the mainstream software world and blockchains. This gap has been a huge impediment for the broad adoption the industry has been longing for. Blockchains typically work under such resource scarcity that using a real operating system has been so far out of the question. But without an operating system, blockchain applications cannot benefit from the past decades of worldwide software development. Instead, mainstream developers are left with a frustrating landscape.

“Cartesi was honored to receive its very first investment from Serguei Popov, who is our technical advisor and also co-author and friends with Augusto Teixeira. From the early days, Cartesi and the IOTA Foundation have been exchanging thoughts and studying the best ways to collaborate. After several technical meetings over the last years, we see an integration path forward that will bring tremendous opportunities for DeFi, Gaming, NFT and industrial IoT.” – Erick de Moura, CEO at Cartesi

“IOTA’s value proposition has always been to grow outside the traditional world of blockchain. Since the inception of the project, we have sought out partners and like-minded individuals who share this same vision for distributed ledger technology and decentralized applications. It is with this in mind that we are excited to announce our partnership with Cartesi, one of the leaders at the forefront of bridging the gap between blockchain and the traditional world. We look forward to having Cartesi’s VM running on ISCP as well as IOTA Oracles available to another popular blockchain ecosystem.” – Dominik Schiener, Co-Founder of the IOTA Foundation

What is Cartesi?

Cartesi is taking smart contracts to the next level. It is a chain-agnostic layer-2 infrastructure,  solving the pressing problem of scalability on the most important blockchains. Most notably, Cartesi implements a unique Linux-supporting VM, rollups and side-chains to revolutionize the way developers create blockchain applications, allowing them to use mainstream software components.

What is IOTA?

The IOTA Foundation is a global not-for-profit foundation incorporated and headquartered in Germany. The IOTA Foundation’s mission is to support the research and development of new distributed ledger technologies (DLT), including the IOTA Tangle. The Foundation encourages the education and adoption of distributed ledger technologies through the creation of ecosystems and the standardization of these new protocols.

📰 INFO:

https://blog.iota.org/cartesi-and-iota-partner-to-accelerate-smar-contract-adoption/