For many, June will be remembered for the announcement of the InterWork Alliance (IWA). The IWA is an organization that aims to accelerate the adoption of token powered technologies through the creation of protocol agnostic standards and frameworks.
Neo is proud to be one of five founding sponsor members, alongside Microsoft, Accenture, SDX, and Digital Asset. Other launch members include companies such as IBM, Nasdaq, UBS, Hedera Hashgraph, DID Alliance, Hyperledger, and more.
NGD Seattle’s own John deVadoss sits on the IWA’s Board of Directors and also serves as the head of the tools steering committee. Standards set by the IWA’s Token Taxonomy Framework (TTF) have already been implemented in NGD Seattle’s Visual Token Designer.
Commenting on the announcement, Neo founder Da Hongfei said:
“Digital assets are at the core of Neo, and we’re excited to come together with IWA together to drive mainstream adoption by developing standards which will foster greater interconnectivity and cooperation at all levels. Moreover, I believe we are at the precipice of a global paradigm shift, one that will usher in the smart economy of the future. To that end, we are building Neo3 while working together with our IWA partners to realize mass adoption of blockchain and build the foundation for next-gen Internet.”
Another notable achievement for June was the upgrade of the Neo TestNet to neo-cli v2.10.3-neox-preview1. Building on the work from last month, this update provided two important new pieces of functionality; a new state root feature, and support for the Secp256k1 curve in Neo’s cryptography module.
Together, these two features provide the functionality required for the first implementation of Neo’s cross-chain technologies.
June was also a good month for many ecosystem projects. Both Nash and Switcheo achieved volume milestones, with Nash reaching one million USD in daily exchange volume, and Switcheo tripling its exchange volume compared to May.
NEXT, O3 Labs, Moonlight, and Bridge Protocol also made notable progress, with all projects publishing new releases during the month.
The full Neo Global Monthly Report for June can be found below: