IOTA has been granted clearance by Zokyo following the completion of the audit process for its EVM L2, which is expected to debut in the market soon. This milestone, announced by IOTA and confirmed by Zokyo, signifies the final and pivotal stage in preparation for the launch. Zokyo has hailed this achievement as a triple success in its announcement, lauding IOTA's perfect score in the report.

With this development, IOTA's Tangle technology aims to underpin global protocols for a connected future, bolstered by top-tier security measures. The community has welcomed this news enthusiastically, applauding the team for their exceptional work.

In a recent update, IOTA revealed garnering support from the UAE Ministry of Economy for its $10 million fund. The initiative aims to bolster the local and global ecosystem by introducing innovative technology to facilitate trade and infrastructure according to evolving demands. The UAE Government's backing follows IOTA's announcement of IOTA Grants, intended to support creators and innovators worldwide.

This collaboration not only strengthens IOTA's foothold in various regions but also aligns with the UAE's ambition to emerge as a global innovation hub, particularly in the Web3 domain.

IOTA Grants are tailored to endorse ideas with potential but lacking resources for initiation or sustained growth. By focusing on Web3 projects, IOTA Grants seek to ensure that promising ideas materialize into tangible outcomes. Serving as a pilot initiative, IOTA Grants aim to generate interest before mainstream adoption.

IOTA Grants will prioritize three categories: open-source development, research, education, and events. Innovators can apply for IOTA Grants by completing a form and participating in an interview with the IOTA Grant Committee for evaluation and financial assistance.

This development follows the recent IOTA Kickstarter Governance votes in favor of Shimmer and IOTA, where participants merely needed to hold their tokens for the duration of the voting period for maximum impact.

Previously, Zokyo had highlighted the risks associated with JSON Injection in NFT metadata, discussing attackers' exploitation of Web2 vulnerabilities in Web3 and offering strategies for users to safeguard their assets.

The approval of IOTA's EVM L2 paves the way for the project's full-fledged launch. Recognizing this as the final and most crucial step, IOTA anticipates providing the community access to IOTA EVM shortly. Zokyo's announcement underscores this milestone as a triple success, emphasizing IOTA's ability to fortify global protocols with secure connectivity for the future.