Shutterstock photo by Tobias Arhelger

GAIA-X, a group aiming to establish next-generation European data infrastructure for the continent and beyond, has chosen IOTA.
The development comes after the IOTA Foundation was successfully registered in Germany, one of the world’s toughest jurisdictions.
In the previous few days, IOTA has seen a number of significant improvements that are expected to boost its popularity. The project’s joint proposal was recently selected by GAIA-X, which is the most recent advancement. The GAIA-X partnership aspires to establish an open digital ecosystem centered on cloud computing, data infrastructure, digital sovereignty, and domain services. Despite the lack of details on the cooperation, it is obvious that the new Gaia-X venture will expose IOTA to a larger market, with the consortium focusing on European enterprises and businesses to provide next-generation technology in Europe and beyond.
The development of a secure and decentralized data infrastructure will rely heavily on blockchain technology. IOTA will collaborate with significant organizations and institutions as part of the collaboration, including Software AG, a German software giant with over 10,000 enterprise customers in over 70 countries.
Related: Dominik Schiener, co-founder of IOTA, talks about the future of IoT in an exclusive interview.
The recent announcement comes on the heels of the team’s previous revelation that it is now registered in Germany. The European country is one of the world’s strictest authorities, and registration is seen as a seal of approval for the project’s plans and ‘health.’ Furthermore, the initiative is now being scrutinized (audited) by the German government.
The registration also puts IOTA on the map, allowing large German and European region partners to have more confidence in the project knowing that it has met all regulatory requirements.
Update on the price of IOTA
The native token of IOTA The wider market trend has swept MIOTA in the previous 24 hours. At the time of writing, the token had lost more than 6% of its value, slipping back inside the $0.81 support. Despite the decrease, according to our research, the digital asset is still holding onto its weekly gains.
With an all-time high of just under $6 reached roughly four years ago, investors are still expecting prices to recover the more than 80% price drop in the next months.
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