IOTA set to launch decentralized smart contract platform to expand Web3 ecosystem

IOTA has announced the release of decentralized layer-one smart contract network Assembly in a bid to accelerate the expansion of smart contracts across a multitude of sectors, including DeFi and NFTs.

Assembly is seeking to foster an environment for developers that facilitates the expansion of the IOTA ecosystem into a panoply of Web3 sectors, including the Metaverse.