Crypto winter is still in full effect, but that doesn’t mean that teams aren’t busy building. Let’s check out the 3 crypto and blockchain projects that will be the most interesting to follow this week.
3. EOS (EOS)
EOS is a blockchain platform that had its mainnet launch in 2018. The EOS blockchain supports smart contracts functionality and uses a delegated Proof-of-Stake (DPoS) consensus mechanism. Blockchain development firm Block.one raised funds for the EOS project through the biggest initial coin offering (ICO) of all time, which raised more than $4.4 billion.
However, tensions began mounting between the EOS community and Block.one. In 2021, an organization called the EOS Network Foundation was established with the aim of representing the interests of the EOS community. The foundation alleged that Block.one was failing to stick to its commitments related to EOS, did not focus on the project enough, and displayed a lack of interest in improving the EOS protocol.
The EOS Network Foundation has become one of the leading players in the EOS community’s efforts to “resurrect” the EOS project, which has mostly been seen as a disappointment following the massive ICO and highly anticipated mainnet launch.
Why EOS? $100 million ecosystem fund aims to revitalize EOS ecosystem
The EOS Network Foundation has announced a $100 million ecosystem fund that aims to make EOS the primary choice for web2 projects that want to transition into the world of web3, as well as blockchain-native projects that are developing decentralized applications. The fund is called EOS Network Ventures (EVN), and will make both equity and token investments. Some of the sectors the EVN fund is targeting include GameFi, metaverse, NFTs and fintech.
November was a tough month in terms of EOS price action, although most other cryptocurrencies in the crypto top 100 lost value as well. Moving forward, news related to the EVN fund’s investments will be interesting to follow, and we’re…
