The EOS Network Venture will launch a $100 million EOS ecosystem fund to empower Web3 entrepreneurs

2022-11-10 21:02:26

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ChainCatcher news, the EOS network is working to reach a validator consensus protocol to launch a $100 million ecosystem fund. This fund will be managed by the independent entity EOS Network Ventures (ENV), aimed at investing in Web3 businesses and entrepreneurs that build innovative solutions based on EOS. It will also be used to launch accelerator and incubation programs to support the large-scale application of the EOS network in more innovative business models. EOS network validators will oversee the independently operated ENV.

EOS Network Ventures will make strategic equity and token-based investments in tech startups in the Web3 space, covering sectors including GameFi, metaverse, esports, NFTs, and fintech. This initiative will further establish the EOS network as the ideal blockchain for Web2 companies transitioning to Web3 and as a launch platform for new projects. (Source link)

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