Block.one signs $200m Joint Venture Partnership to Accelerate Asia-Focused EOSIO Ecosystem Development
Grand Cayman, Cayman Islands — 6 April, 2018
Block.one, the developer behind the pioneering blockchain software EOSIO, today announces a partnership with blockchain veterans Michael Cao and Winnie Liu that sees the formation of a new US$200 million joint venture fund, EOS Global. EOS Global will make strategic investments in Asia-focused projects utilizing EOSIO, and is the fourth injection of capital through Block.one’s EOS VC initiative which now totals 600m USD.
“The blockchain space is a competitive one, but we are convinced that the speed, scalability and usability of the EOSIO open-source platform will enable rapid and radical innovation previously impeded by the limitations of existing protocols,” says Michael Cao, the founder of a blockchain mining facility in the United States and prominent investor in key blockchain infrastructure throughout the world. “We are incredibly excited to support an architecture that will drive mainstream blockchain adoption and foster new community-driven business models.”
Block.one CEO Brendan Blumer commented: “Block.one is delighted to welcome investment from Michael and Winnie’s fund that will leverage EOSIO to catalyze the transformation of the digital assets space in Asia. EOS VC is expanding its global reach through divers partners poised to offer EOSIO projects unprecedented international access.”
The new fund follows announcements of EOS VC partnerships with Finlab AG and, Galaxy Digital. 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.
The EOS VC program offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. Enquire at vc@block.one to learn more.
ABOUT Block.one
block.one is a leading developer of technology solutions including blockchain software development. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including the development of the EOS.iIO software. For more information visit block.one
ABOUT EOS.IO
Published by block.one, EOS.IO is a blockchain protocol that enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications. The EOS.IO software provides accounts, authentication, databases, and the scheduling of applications across multiple CPU cores and/or clusters. This allows for horizontal scalability, replaces user fees with an ownership model, and powers simple deployment of decentralized applications. The EOS.IO GitHub repository is available here. For more information, please visit the EOS.IO website and resource.
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Disclaimer
block.one is a software company and is producing the EOS.IO software as free, open source software. This software may enable those who deploy it to launch a blockchain or decentralized applications with the features described above. block.one will not be launching a public blockchain based on the EOS.IO software. It will be the sole responsibility of third parties and the community and those who wish to become block producers to implement the features and/or provide the services described above as they see fit. block.one does not guarantee that anyone will implement such features or provide such services or that the EOS.IO software will be adopted and deployed in any way.
All statements in this document, other than statements of historical facts, including any statements regarding block.one’s business strategy, plans, prospects, developments and objectives are forward looking statements. These statements are only predictions and reflect block.one’s current beliefs and expectations with respect to future events and are based on assumptions and are subject to risk, uncertainties and change at any time. We operate in a rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you are cautioned not to rely on these forward-looking statements. Actual results, performance or events may differ materially from those contained in the forward-looking statements. Some of the factors that could cause actual results, performance or events to differ materially from the forward-looking statements contained herein include, without limitation: market volatility; continued availability of capital, financing and personnel; product acceptance; the commercial success of any new products or technologies; competition; government regulation and laws; and general economic, market or business conditions. Any forward-looking statement made by block.one speaks only as of the date on which it is made and block.one is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.
