EOS Network Ventures to invest $20M to the EOS EVM and GameFi projects

EOS Network Ventures, a leading blockchain investment firm, has announced plans to invest $20 million in the EOS EVM and GameFi projects. The move is seen as a strategic move by the firm to expand its presence in the rapidly growing digital asset markets. The EOS EVM is a blockchain platform that allows developers to build decentralized applications and smart contracts that are compatible with the Ethereum Virtual Machine (EVM). GameFi, on the other hand, is an innovative concept that combines gaming and DeFi to create a new generation of blockchain-based games. The investment is expected to boost the development and adoption of these two projects, and further solidify EOS Network Ventures’ position as a leading player in the digital asset ecosystem.

EOS Network Foundation Commits $20 Million to EOS EVM, Sets Sights on GameFi Developers

The EOS Network Foundation has announced its commitment of a $20 million investment into EOS EVM, aiming to empower the platform to onboard GameFi and EVM developers with more resources and opportunities. As the fastest network in the industry, this large investment further solidifies the platform’s position as a leader in the market.

Yves La Rose, the Chief Executive Officer of EOS Network Foundation, proudly announced that “EOS is officially open for business,” and the community has expressed their excitement about the announcement. One developer even said that this move will unlock a new level of creativity, showcasing the limitless possibilities of the EOS EVM.

Douglas Horn, however, has sought to discuss the new investment after it goes live on the mainnet. This shows that the industry is eager to see what innovative projects will come out of this investment and how developers will execute them.

The investment also sets the project’s launch date for April 14, 2023, and the EOS Network Foundation expects GameFi developers to take advantage of the opportunities and build something on the EOS EVM platform. The ultimate goal is to establish the EVM as the market leader. The Foundation has listed “20 reasons” why developers should head over to the network.

EOS Network Foundation is the hub of the EOS Network that promotes the power of decentralization for positive change internationally. It also plans to appear in two major events, namely Paris Blockchain Week and Game Developers Conference.

Paris Blockchain Week starts on March 20, 2023, and ends on March 24, 2023. Meanwhile, Game Developers Conference begins the same day but ends on March 25, 2023.

The Foundation plays multiple roles in coordinating support, developing the network, and creating better feedback between different products. It also allocates funds that decide the ecosystem’s growth aspect.

According to data, EOS EVM has the highest average swap per second, with 800+ as an average. Specifically speaking, EOS EVM Swap is at 814.25 per second. The second-best is Solana, with 273.34 swaps per second, followed by BSC PancakeSwap at 194.61 swaps per second.

The EOS Network Foundation operates on three core principles of Open Source, Decentralization, and Funding. Collaborating for technology is critical, and decentralization grows the community, while funding is crucial to shaping the future of the EOS Network.

This $20 million investment could be the turning point for the EVM platform. With more resources and financial backing, developers will be empowered to unleash their creativity and build innovative projects on the EOS EVM platform. The industry is expecting to see a lot of innovative ideas to be airdropped in the coming days.

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