Dominik Schiener, Co-founder of the IOTA Foundation, will be joining us for a special evening in New York City on Friday, April 26th!
Dominik rarely comes to the states, so this is a special opportunity for community members in New York to meet a founding member of one of the largest distributed ledger protocols in the world.
Come prepared to ask questions, learn about upcoming developments related the IOTA protocol, and connect with the IOTA NYC community.
Food and drinks will be provided for guests.
About Dominik Schiener
Dominik is a young entrepreneur from Italy focused on realizing the Machine Economy. Already since an early age he was involved heavily in the Blockchain ecosystem, with his first (unsuccessful) startup in Switzerland in 2013 at the age of 17. He is the Co-Founder of IOTA, a disruptive new technology that enables machines to store and send money frictionlessly between one another. In 2017 he co-founded the IOTA Foundation and established Germany’s first non-profit foundation which enables and fosters permissionless ecosystems powered by distributed ledgers. Currently he co-leads the IOTA Foundation and oversees the overall realization of the vision and the partnerships with multinational companies, NGO’s and governments. The main challenge he’s working on right now is how to bring a nascent technology like IOTA to market-readiness - and thus unleash its full potential for society to benefit from it.
About The IOTA Foundation
The IOTA Foundation was established in Germany as a formal, non-profit organisation (‘gemeinnützige Stiftung’) in 2017 by Dominik Schiener and David Sønstebø.
In order to drive the future economy of interconnected and autonomous devices, the IOTA Founders developed the ideas behind IOTA and the Tangle architecture on which it is based and organized a crowdsale at the end of 2015 to help fund its development. Raising a little over $500k USD worth of Bitcoin and other cryptocurrencies, and without any pre-allocation or special treatment of any kind to any of the Founders or developers, the entire token supply (which can never change) was distributed pro-rata to the crowdsale participants on the genesis transaction.
Subsequently, the IOTA Founders asked these initial IOTA token holders to donate a portion of their holdings back, receiving roughly 5% of the total IOTA token supply, to endow what would ultimately become the IOTA Foundation which was officially chartered in Berlin, Germany on November 3rd, 2017. The IOTA Founders designed the foundational layer of IOTA to be open-source, free to use and led by an independent and neutral non-profit entity that could bring together governments and industries to help achieve the IOTA vision.