The EOS Network Launches A $100 Million Ecosystem Fund

Twitter icon  •  Published hace 1 año  •  Hassan Maishera

Yves La Rose, the CEO of the EOS Network Foundation, announced via Twitter on Sunday that they have launched a $100 million ecosystem fund.

Yves La Rose, the CEO of the EOS Network Foundation, announced via Twitter on Sunday that they have launched a $100 million ecosystem fund. The fund is geared towards investing in EOS projects. The ecosystem fund will be managed by EOS Network Ventures, and will exclusively be investing in #EOS projects.

He added that the goal of the fund is to make EOS the number 1 choice for Web2 businesses transitioning to Web3, and for developers that want to launch new projects. Investment proceeds from the ecosystem fund will drive value back to $EOS token holders through buyback and burns. EOS Foundation expects to grow the size of the fund significantly as they continue to foster positive relationships with crypto VCs. 

EOS is a Delegated Proof-of-Stake cryptocurrency that launched in 2018 after a record-breaking ICO raising over $4.1bn. Its focus is on providing development flexibility, network scalability, and user-friendliness.

EOS is down by more than 2% in the last 24 hours and is currently trading at $0.8076 per coin.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.