EOS Network Foundation (ENF) Venture Capital to Invest $20M to Develop Apps and Gaming Products on the EOS Network after Launch EVM in April.
EOS Network Ventures (ENV) is making a formal commitment to invest $20M directly into $EOS EVM and GameFi projects!
In addition to being BY FAR the fastest EVM, EOS EVM will also have the most funding available for builders.#EOS is officially open for business! pic.twitter.com/xAYIHoLB4O
— Yves La Rose (@BigBeardSamurai) March 20, 2023
“EOS Network Ventures is formally committed to directly investing $20 million in the EOS EVM and GameFi projects,” said ENF CEO Yves La Rose.
According to him, the April 14 launch of Ethereum technology on EOS will “predetermine the limits of the EVM.” The on-chain solution will provide speeds 25 times faster than Avalanche and three times faster than Solana and BNB Chain, La Rose assured.
“With $20 million for EVM projects, we expect a massive influx of developers who want to take advantage of funding opportunities,” wrote the head of ENF.
In 2018, the project held an ICO for a record amount for the industry — more than $4 billion.
Recall that in February 2023, BitDAO community members proposed the creation of a fund to support ecosystem projects in the amount of $200 million.
Previously, the developer of the blockchain platform Venom Foundation, in partnership with Iceberg Capital, created an investment structure for these purposes with a capital of $1 billion.
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