On March 20th, Yves La Rose, creator and CEO of the EOS Network Foundation, tweeted: “EOS Network Ventures (ENV) formally pledged to invest $20 million directly in the EOS EVM and GameFi projects. EOS EVM will be released on March 14th, and it will push the boundaries of what is possible with the EVM. We anticipate an inflow of developers eager to take advantage of these financing possibilities with $20 million for the EVM project.”
EOS Network Ventures, a blockchain-focused investment business, has invested a considerable amount of $20 million in potential EOS EVM and GameFi projects. This move by the Network Ventures reflects a rising interest in the possibilities of decentralized finance (DeFi), as well as the growing popularity of non-fungible tokens (NFTs) in the gaming sector. The investments, which will be spread across a number of initiatives, are intended to spur innovation and growth in the ecosystem, creating exciting chances for developers and investors alike to explore new frontiers in the fast growing world of blockchain technology.
This large investment by this Network Ventures demonstrates their belief in the future of the EVM and GameFi projects. EOS EVM, a virtual machine that enables developers to deploy Ethereum-based smart contracts on this blockchain, is intended to expand the capabilities and open up new use cases for developers. GameFi, on the other hand, is a fast expanding gaming sector that uses blockchain technology to provide more immersive and participatory game experiences.
This investment is anticipated to draw more investors and developers to these initiatives, resulting in further growth and development of the ecosystem. It’s also a good indicator for the larger blockchain business, indicating that there’s a lot of money and interest in the possibilities of decentralized finance and blockchain games. We should expect to see more creative ideas and investments like these in the future as blockchain technology advances and evolves.
According to prior reports, the final test network of this platform will be introduced on March 27, followed by the main network Beta version on April 14.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu