Hassan Maishera
The EOS Network Foundation (ENF) announced in a blog post on Friday that the EOS Network Ventures (ENV) has made a strategic investment of $1.5 Million into Upland, the web3 Metaverse Super App.
The investment is part of Upland’s Series A funding round, in which they secured $7 Million in total funding from several investors, including ENV, Animoca Brands, C3 Venture Capital, and angel investors. This news will play a major role in growing the GameFi and metaverse community on EOS while driving demand for the network from its ecosystem of over 3 million registered accounts. Upland users are granted a full EOS account as part of their onboarding experience, which abstracts away private keys and resource management to provide a web2 experience for user acquisition.
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 up by 1% in the last 24 hours and is currently trading at $0.560 per coin.
