SwissOne launches fund for IOTA and Shimmer.

  • SwissOne Capital has launched a major ecosystem fund for IOTA and Shimmer.

  • The fund will invest in the most promising projects in the ecosystem.

On Tuesday, SwissOne Capital announced the first ecosystem fund to support developers, providing a boost to IOTA and Shimmer. The fund is dedicated to investing financial resources to developers working on the ecosystem of IOTA and Shimmer.

The minimum investment offered by the fund will be 10,000 euros or the equivalent in $MIOTA and $SMR. Steffen Bassler, the CEO of SwissOne Capital, said in a statement:

“We are excited to launch this fund and offer our clients early access to projects building within the Shimmer and IOTA ecosystem. With ShimmerEVM rolling out, we believe this is the perfect time to launch a dedicated fund. We are committed to working with the Tangle Ecosystem Association to ensure that the fund is managed in the best interests of our clients.”

IOTA is one of the pioneers in distributed ledger technology (DLT). It developed a technology known as tangle, which is an open, feeless, and scalable ledger designed to support frictionless data and value transfer.

On the other hand, Shimmer is a layer 1 network that provides staging and validation for the IOTA DLT. Similar to Polkadot’s Kusama, Shimmer enables developers to build decentralized applications (dApps) and test them before moving them to IOTA’s ecosystem. SMR, its native token, has over $71 million in market cap and over 249,150 total active addresses.

Shimmer is currently testing its Ethereum Virtual Machine (EVM) capabilities. EVM is a piece of software that handles Ethereum smart contracts and is one of the most popular approaches for improving a network’s interoperability. In a note, the founder of IOTA said:

“With the introduction of EVM-compatible smart contracts, Shimmer and IOTA kick off a new era of growth fueled by crypto-native use cases, primarily in DeFi, NFTs, gaming, and more. We are thrilled to see SwissOne Capital’s commitment to investing in projects across the ecosystem and to see SISO grow alongside the community.”

How to buy IOTA

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Ethereum price drops to $1,600: Can bulls recover?

Ethereum price experienced a slight correction and touched $1,580 against the US dollar. ETH may potentially further ...


Ticket reversal, but the underlying considerations behind opposing the Uniswap investment proposal for Ekubo are worth exploring.

If this proposal is passed, I believe the Uniswap governance organization should seriously consider the role of gover...


DeFi narrative reignites Coinbase founder enters the game, which projects are worth paying attention to?

DeSci and the concept of longevity have become the new focus, bringing an old narrative back into the spotlight. Rece...


Bitcoin traders are focused on the $31K price target despite the expiry of $2B worth of BTC options on Friday.

Bitcoin price continues to hover below $30,000, but encouraging data indicates that traders are optimistic about an i...


The Sushi-ZetaChain Partnership: Unlocking Native BTC Swaps Across 30 Blockchain Networks

Sushi teams up with ZetaChain to trial new Bitcoin and DeFi features for users on 30 different blockchains.


Ethereum price vulnerable unless it surpasses $1,665.

The Ethereum price is gradually approaching the $1,600 support level against the US dollar. There is a possibility of...