Blockchain Is About To Surge, A CEO Says, And He's Launching A Fund To Take Advantage
Portfolio Pulse from Murtuza Merchant
The EOS Network Foundation, led by CEO Yves La Rose, is preparing for a surge in the blockchain sector through strategic initiatives. The foundation has expressed concerns about Block.one's proposed $22 million settlement, arguing it's a fraction of the $4 billion raised in its ICO sale. The foundation is also focusing on improving EOS's user experience and addressing inflationary tokenomics. It is launching a venture fund, EOS Network Ventures, to invest in businesses that could support and grow the network.
August 29, 2023 | 2:15 pm
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POSITIVE IMPACT
EOS Network Foundation's strategic initiatives and concerns about Block.one's settlement could impact EOS's price. The launch of a venture fund could also influence the asset's value.
The EOS Network Foundation's strategic initiatives, including the launch of a venture fund, could attract more investors to EOS, potentially driving up its price. However, the foundation's concerns about Block.one's settlement could create uncertainty, which could also affect the asset's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
EOS Network Foundation CEO Yves La Rose referenced Ethereum's initial hyperinflationary phase in a discussion about EOS's approach to inflationary tokenomics.
While Ethereum was mentioned in the context of EOS's approach to inflationary tokenomics, it was a passing reference and not a direct factor impacting Ethereum's price or value.
CONFIDENCE 75
IMPORTANCE 30
RELEVANCE 20