EOS Venture Capital
Block.One announced they now have over 1.1 billion dollars in funding. That’s a combination from the crowdfund and big VCs investing in Block.One. This was expected but now it’s official.
Another thing that was expected and got confirmed is a 1 billion dollar fund for investment in companies/dApps that will work with EOS. Is this big news? Well, at least it’s a very big commitment to the EOS ecosystem. Imagine Google providing 1 billion dollar to app developers even before Android was launched.. Or Apple releasing a test-iPhone promising to invest 1 billion dollar in Apps in 2006…. If you think about it that way it’s actually an amazing decision by Block.One. Now of course this isn’t a “dApp-builder-airdrop”. EOS VC will invest in these companies with the goal to make money. But still though it’s definitely something that can fire up the ecosystem and good for us as users. EOS VC will work with other VCs and the first partnership with announcement is expected in the coming weeks.