ASSEMBLY ANNOUNCES $100M CAPITAL RAISE, RECEIVES PRAISE FROM IOTA CO-FOUNDER DOMINIK SCHIENER

The decentralized world is buzzing with excitement as Assembly, a layer-one smart contract network meticulously crafted within the Iota ecosystem, proudly announced a successful capital raise of $100 million.This significant financial injection, secured from prominent private investors including LD Capital, HyperChain Capital, and Huobi Ventures, marks a pivotal moment for the project. Assembly addresses the limitations of current scaling solutions by using the feeless base layer of IOTA as an immutable trust anchor and as a trustless bridge forBut the announcement wasn't just about the money; it also came with glowing praise from Iota co-founder Dominik Schiener, a strong endorsement highlighting Assembly's potential to revolutionize the blockchain landscape.Schiener's support underscores Assembly's ambition to address the inherent limitations of existing scaling solutions, particularly those plaguing Ethereum Virtual Machine (EVM) based chains.

This new funding aims to fuel the acceleration of crucial developments within the Assembly ecosystem. Assembly (@assembly_net) Decem. In a statement to Cointelegraph, Dominik Schiener, co-founder and chairman of the Iota Foundation, claimed that there are too many Ethereum Virtual Machine, or EVM, blockchains stating: Ultimately, all of them will face the same problems with fees, scalability and interoperability.We're talking about decentralized finance (DeFi) protocols that promise to redefine how we interact with financial services. On Friday, Assembly, a decentralized layer one smart contract network built within the Iota ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital and Huobi Ventures. The project stated that the funds will be used to accelerate the developmeWe're talking about non-fungible tokens (NFTs) that are pushing the boundaries of digital ownership and creativity.And we're talking about immersive play-to-earn crypto games that are transforming the gaming industry.Assembly isn't just another blockchain; it's building a foundation for the future of Web3, aiming to solve the very problems Schiener highlights around interoperability, scalability and cost.

What is Assembly and Why is This Funding Important?

Assembly is a decentralized layer-one smart contract network built specifically within the Iota ecosystem. On Friday, Assembly, a decentralized layer one smart contract network built within the Iota ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital and Huobi Ventures.In simple terms, it's a blockchain designed to execute smart contracts, which are self-executing agreements written into code.What makes Assembly unique is its architecture.It leverages the feeless base layer of Iota as a bedrock for its operations. Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital and Huobi Ventures.This approach aims to solve some of the most pressing problems in the blockchain space: high transaction fees, limited scalability, and lack of interoperability.

The $100 million capital raise is not just about financial backing; it's a vote of confidence in Assembly's vision and its potential to become a significant player in the blockchain arena. Assembly announces $100M capital raise, receives praise from Iota co-founder Dominik SchienerIt gives the Assembly team the resources they need to build out its core technology, attract talented developers, and foster a vibrant ecosystem of applications. Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik Schiener Assembly addresses the limitations of current scaling solutions by using the feeless base layer of . Coinbase-OFAC Bug Affected Fewer Than 100 People, and Has Been FixedThink of it as rocket fuel for a project with already strong momentum.

Dominik Schiener's Endorsement: A Seal of Approval

Dominik Schiener, co-founder and chairman of the Iota Foundation, isn't just anyone in the crypto world.His endorsement carries significant weight, and his words about Assembly are particularly insightful.He pointed out the growing number of Ethereum Virtual Machine (EVM) blockchains and their inherent limitations.

Schiener stated, ""Ultimately, all of them will face the same problems with fees, scalability, and interoperability."" This is a crucial point.While EVM-compatible chains have gained popularity, they often struggle with congestion, leading to high gas fees and slow transaction times.He believes that Assembly, by leveraging Iota's feeless structure, offers a viable alternative.

According to Schiener, ""Assembly addresses the limitations of current scaling solutions by using the feeless base layer of Iota as an immutable trust anchor and as a trustless bridge for feeless interoperability of smart contracts."" This means that Assembly can enable seamless communication and value transfer between different blockchains without the burden of high fees.

Key Features of Assembly: Addressing Blockchain's Challenges

Assembly aims to tackle the core challenges plaguing many existing blockchain networks.Let's break down some of its key features and how they address these challenges:

• Feeless Transactions: Leveraging the Iota Tangle, Assembly aims to offer a feeless base layer for smart contract execution. On Friday, Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital assembly, and Huobi Ventures. The project stated that the funds will be used to accelerate the development of decentralized finance protocols, nonfungible tokens, and play-to-earn cryptoThis eliminates a major barrier to entry for users and developers, making the platform more accessible and affordable.
• Scalability: By using the Iota Tangle and its own unique architecture, Assembly aims to overcome the scalability limitations of traditional blockchains. Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik Schiener Decem CryptoExpert Blockchain On Friday, Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain CapitalThis means it can handle a higher volume of transactions without experiencing congestion or increased fees.
• Interoperability: Assembly is designed to be interoperable with other blockchains. On Friday, Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital assembly, and Huobi Ventures. The project staThe Iota Tangle acts as a trustless bridge, allowing for seamless communication and value transfer between different networks.This promotes a more connected and collaborative blockchain ecosystem.
• Modular Architecture: Assembly's modular design allows for flexibility and customization.Developers can choose the components they need to build their applications, tailoring the platform to their specific requirements.
• Decentralized Governance: The Assembly network is designed to be governed by its community of users and developers. On Friday, Assembly, a decentralized layer one smart contract network built within the Iota ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital and Huobi Ventures. The project stated that the funds will be used to accelerate the development of decentralized finance protocols, nonfungible tokens (NFTs) and play-to-earn crypto [ ]This ensures that the platform evolves in a way that benefits all stakeholders.

How Will the $100 Million Be Used?

The $100 million capital raise will be strategically allocated to accelerate the development and growth of the Assembly ecosystem.Specifically, the funds will be used to:

• Develop DeFi Protocols: Assembly aims to become a hub for decentralized finance.The funding will be used to build and support a range of DeFi protocols, including lending platforms, decentralized exchanges, and stablecoins.
• Support NFT Projects: The platform recognizes the potential of NFTs and will invest in projects that are pushing the boundaries of digital ownership and creativity.This includes supporting NFT marketplaces, gaming platforms, and art projects.
• Foster Play-to-Earn Games: Assembly sees play-to-earn gaming as a key driver of adoption. Assembly (@assembly_net) Decem In a statement to Cointelegraph, Dominik Schiener, co-founder and chairman of the Iota Foundation, claimed that there are too many Ethereum Virtual Machine, or EVM, blockchains stating: Ultimately, all of them will face the same problems with fees, scalability and interoperability.The funding will be used to support game developers and build a vibrant gaming ecosystem on the platform.
• Expand the Team: To achieve its ambitious goals, Assembly will need to attract top talent.The funding will be used to expand the development team and hire experts in various fields, including blockchain engineering, cryptography, and marketing.
• Ecosystem Growth: A significant portion of the funding will be dedicated to fostering the growth of the Assembly ecosystem.This includes providing grants to developers, organizing hackathons, and supporting community initiatives.

The Impact on DeFi, NFTs, and Play-to-Earn Crypto

Assembly's focus on DeFi, NFTs, and play-to-earn crypto is significant because these are some of the most promising and rapidly growing sectors within the blockchain space.By providing a scalable, feeless, and interoperable platform, Assembly has the potential to unlock new opportunities and drive innovation in these areas.

Decentralized Finance (DeFi)

DeFi aims to recreate traditional financial services in a decentralized and permissionless manner.Assembly's feeless transactions and high scalability can significantly improve the user experience for DeFi applications, making them more accessible and affordable. Assembly announces $100M capital raise, receives praise from Iota co-founder Dominik Schiener Assembly announces $100M capital raise, receives praise from Iota co-founder Dominik SchienerWe could see the emergence of new types of DeFi protocols that are simply not feasible on other blockchains due to high fees.

Non-Fungible Tokens (NFTs)

NFTs have revolutionized digital ownership and creativity.Assembly's platform can support NFT marketplaces, gaming platforms, and art projects, providing a more efficient and cost-effective environment for these activities. Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik Schiener 100M Announces Assembly capital CoFounder DominikThink of artists being able to mint and sell their work without worrying about exorbitant gas fees, or game developers creating complex in-game economies powered by NFTs.

Play-to-Earn Crypto Games

Play-to-earn games are transforming the gaming industry by allowing players to earn crypto for their participation.Assembly's platform can provide the infrastructure needed to support these games, including fast and feeless transactions for in-game assets, as well as tools for managing and distributing rewards.This could lead to the creation of more immersive and rewarding gaming experiences.

Addressing Common Concerns about Assembly and the Iota Ecosystem

While the news of the capital raise and Schiener's endorsement are positive, it's important to address some common questions and concerns that people might have about Assembly and the Iota ecosystem.

Is Assembly Just Another Blockchain?

No.While Assembly is a layer-one smart contract network, it differentiates itself by leveraging the unique architecture of the Iota Tangle.This allows it to offer feeless transactions, high scalability, and interoperability, which are significant advantages over many traditional blockchains.

What is the Iota Tangle and How Does it Work?

The Iota Tangle is a Directed Acyclic Graph (DAG) technology that serves as the foundation for the Iota ecosystem. On Friday, Meeting, a decentralized layer one good contract community constructed inside the Iota ecosystem, introduced it had raised $100 million fromUnlike traditional blockchains, the Tangle doesn't rely on miners or blocks.Instead, transactions are validated by other transactions in the network, creating a web-like structure. Assembly announces $100M capital raise, receives praise from Iota co-founder Dominik Schiener . Buy, Sell, Trade Bitcoin with Credit Card 100 Cryptocurrencies @ BEST rates from multiple sources, Wallet-to-Wallet, Non-Custodial!This allows for feeless transactions and high scalability.

How Secure is the Assembly Network?

Security is a top priority for the Assembly team.The platform uses a variety of security measures to protect against attacks, including cryptography, consensus mechanisms, and smart contract audits.The Iota Foundation has also invested heavily in research and development to ensure the security of the Iota Tangle.

What is the Timeline for Assembly's Development?

Assembly is currently under development, and the team is working towards launching the mainnet in the near future. On Friday, Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital assembly, and Huobi Ventures. The project stated that the funds will be used to accelerate the development of decentralized finance protocols, nonfungible tokens, and play-to-earn crypto [ ]You can stay up-to-date on the project's progress by following Assembly's official channels, such as their website, Twitter account, and blog.

Practical Examples of Assembly Use Cases

To better understand the potential of Assembly, let's consider some practical examples of how it could be used in different industries:

• Supply Chain Management: Assembly could be used to track goods throughout the supply chain, providing transparency and accountability.The feeless transactions and high scalability would make it ideal for handling large volumes of data.
• Healthcare: Assembly could be used to securely store and share patient data, enabling better coordination of care. Assembly addresses the limitations of current scaling solutions by using the feeless base layer of Iota as an immutable trust anchor and as a trustless bridge for feeless interoperability of smart contracts, said Schiener.The interoperability of the platform would allow for seamless communication between different healthcare providers.
• Energy: Assembly could be used to facilitate peer-to-peer energy trading, allowing consumers to buy and sell electricity directly from each other. Assembly addresses the limitations of current scaling solutions by using the feeless base layer of IOTA as an immutable trust anchor and as a trustless bridge for feeless interoperability of smart contracts, said Schiener.The feeless transactions would make it more affordable for individuals to participate.
• Voting Systems: The security and immutability of Assembly can be leveraged to create a more transparent and verifiable online voting system.
• Digital Identity: Assembly could be used to create and manage digital identities, giving individuals more control over their personal data.

How to Get Involved with the Assembly Ecosystem

If you're excited about the potential of Assembly and want to get involved, there are several ways to do so:

1. Follow Assembly on Social Media: Stay up-to-date on the latest news and developments by following Assembly's official channels, such as their website and Twitter account.
2. Join the Community: Connect with other members of the Assembly community on forums, chat groups, and social media.
3. Participate in Hackathons: Test your skills and contribute to the development of the Assembly ecosystem by participating in hackathons.
4. Apply for Grants: If you have a great idea for a project that could benefit the Assembly ecosystem, consider applying for a grant.
5. Become a Validator: Once the Assembly network is live, you can become a validator and help to secure the network.
6. Develop Applications: If you're a developer, you can start building applications on the Assembly platform.

The Future of Assembly and the Iota Ecosystem

The $100 million capital raise and Dominik Schiener's endorsement mark a significant milestone for Assembly and the Iota ecosystem. On Friday, Assembly, a decentralized layer one smart contract network built within the Iota ecosystem, announced it had raised $100 million from private investors, including LD CapitalWith its focus on feeless transactions, scalability, and interoperability, Assembly has the potential to become a leading platform for decentralized applications and drive innovation in a variety of industries.

While the project is still in its early stages, the momentum is clearly building. On Friday, Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital assembly, and Huobi Ventures.The team is working hard to develop the technology and build a vibrant ecosystem of users and developers.If Assembly can deliver on its promises, it could play a significant role in shaping the future of Web3.

Conclusion: Key Takeaways and What's Next

Assembly's successful $100 million capital raise, coupled with the strong endorsement from Iota co-founder Dominik Schiener, signals a significant step forward for the project and the broader Iota ecosystem.This injection of capital will fuel the development of vital DeFi protocols, exciting NFT initiatives, and engaging play-to-earn crypto experiences on the Assembly network. Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik Schiener Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik SchienerThe project's commitment to addressing the limitations of current blockchain solutions, particularly those related to fees, scalability, and interoperability, positions it as a potential game-changer in the Web3 space.

Key takeaways from this announcement include:

• Assembly is a layer-one smart contract network built within the Iota ecosystem.
• It has raised $100 million from private investors, including LD Capital, HyperChain Capital, and Huobi Ventures.
• Dominik Schiener, co-founder of Iota, has praised Assembly's potential to solve the problems of fees, scalability, and interoperability.
• The funding will be used to accelerate the development of DeFi protocols, NFTs, and play-to-earn crypto games.
• Assembly aims to provide a feeless, scalable, and interoperable platform for decentralized applications.

The future of Assembly looks bright, and its success could have a significant impact on the blockchain landscape.Keep an eye on this project as it continues to develop and evolve.To learn more and stay updated, visit the official Assembly website and follow their social media channels.The next chapter promises to be an exciting one for Assembly and the Iota community.Consider exploring the Iota ecosystem and the potential benefits of utilizing Assembly for your next blockchain-based project.