The IOTA foundation has made tremendous progress in growing IOTA as the perfect DLT for the fast emerging IoT market. For instance, the team has made major progress in developing the trinity wallet and is close to going live. Going by the developments that the IOTA foundation is making, it is clear that investors can expect even bigger things in the future if its talent pool is anything to go by.
In the last few months, the IOTA foundation has been beefing up the team with top talent from different fields. Lately, they seem to be focused on strengthening the developer team. Today, the foundation has announced the entry of two developers to the team. One of the developers they have brought in is Lucas Moser, a Swiss-based software engineer. Here is Moser’s profile as posted by IOTA.
Luca Moser is a self-taught full-stack software engineer based in Zurich, Switzerland, with a strong interest in web technologies and backend systems. At an early age, he began to experiment by building his own computers. Later in his teenage years, he grew his love of programming by writing extensions for his favorite game.
The other developer that IOTA has brought in to the team is Andrew Brough, a senior UX/UI designer. Brough has already been working closely with IOTA and has played a major role in the development of the Trinity wallet. Here is a more detailed profile of Andrew, and the value that he is bringing to IOTA.
A London-based design professional with over 12 years of agency experience, he has worked as a UX/UI lead for clients such as Nokia, Disney, Oxford University, RBS, Chelsea FC, NHS 111, Fairtrade, World Travel & Tourism Council, Fly Dubai, Corinthia Hotels and Wargaming: World of Tanks.
Clearly, these two individuals are a positive addition to the IOTA team. It goes to show that the IOTA foundation is looking to gain and maintain a competitive edge in the IoT market going into the future. This is a good reason to be bullish on IOTA (MIOTA) because if IOTA dominates this market, then its intrinsic value in the market could shoot up significantly. That’s because, with the current advances in AI and robotics, machine-to-machine communication will be the norm in a few years.
Most devices, be in it at the industrial level or in the consumer market, are slowly getting interconnected. DLTs stand to open up this market significantly because they enhance more seamless connectivity, and could push this industry to over $10 trillion by the year 2030. In essence, by taking steps that place it in a strong position in this market, the IOTA team places this crypto in a good position to gain a higher intrinsic value.
During the 2017 pump, IOTA (MIOTA) was trading at over $5, yet at the time, it didn’t have most of the fundamentals that it has today. It didn’t have a team as strong as the one it has today, the partnerships it has now, or the market presence it has in terms of partnerships. This is a pointer that if the market gets back to its 2017 trajectory, IOTA (MIOTA) could easily trade at over $50 or more.