IOTA represents a distributed ledger technology (DLT) renowned for its distinctive architecture and comprehensive open-source product suite, catering to individuals, businesses, and institutions within the realm of Web3. Founded upon a directed acyclic graph (DAG) known as the Tangle, IOTA presents a multi-dimensional blockchain concept. This framework facilitates the decentralized exchange of data and value, ensuring direct and secure transfers that are both executed and immutably recorded on the network. In collaboration with its staging network, Shimmer, IOTA endeavors to provide solutions aimed at establishing a secure and permissionless infrastructure conducive to driving the future economy. By leveraging automated trust mechanisms, such as Ethereum-compatible smart contracts, an advanced consensus algorithm, and meticulously balanced incentives, IOTA fosters the development of decentralized applications. Moreover, IOTA offers an array of tools to facilitate the creation and management of custom Layer 2 (EVM) chains, deployment of smart contracts, minting of native tokens and NFTs with distinct features, and the introduction of digital identities to users.