Block.one signs $200m Joint Venture Partnership to Accelerate Asia-Focused EOSIO Ecosystem Development
Summary
Block.one CEO Brendan Blumer commented: "Block.one is delighted to welcome investment from Michael and Winnies fund that will leverage EOSIO to catalyze the transformation of the digital assets space in Asia.EOS VC is expanding its global reach through diverse partners poised to offer EOSIO projects unprecedented international access."The new fund follows announcements of EOS VC partnerships with Finlab AG, Galaxy Digital, and Tomorrow Blockchain Opportunities.Block.one has made an initial commitment to deploy US$1 billion in partnership with leading venture capital investors to support development on the EOSIO platform.This allows for horizontal scalability, replaces user fees with an ownership model, and powers simple deployment of decentralized applications.