NEO's big news may not be so big after all - Microsoft Dev competition - Ontology network - NEX whitepaper? 🤔

I'm sure many of you are wondering by now: "What about that big news of NEO?" And yes, I too am wondering the same. After the cryptic announcement a few days ago of big news incoming, speculation ran wild. Now that the three days are as good as up, we're left to wonder 'Are we missing something?'.

The news was announced to be three different news items, and thus far the weekend did deliver us three different NEO related news items.

Microsoft Dev competition

NEO and Microsoft are collaborating on hosting a developer competition for the NEO blockchain. It is a competition that will last roughly 6 months and has a total prize pool of $245.000 to give away to contestants.

Ontology Network

This one is a little bit vague and unclear and more details will be forthcoming. The Ontology network will deal with digital identity and regulatory compliance. What this means exactly is still unclear, but some people are speculating it will be a framework for ICO's that will allow US and Chinese citizens to partake in ICO's again. Wether this is good news for NEO or not is left to be seen, as Ontology Network may actually be a seperate blockchain than NEO, and be more linked to OnChain, the parent company behind NEO.
Ontology Network has started an AMA on the NEO reddit and will be answering more questions regarding their project.

NEX Whitepaper

As previously speculated the NEX Whitepaper is scheduled to be released sometime today and though it is not out yet, it may be the last of the three-days-of-NEO-news. The NEX exchange is going to be the first NEO-based exchange and is highly anticipated. More details on what it will entail will follow when the whitepaper is released.

Not as much as expected? Or more to come?

Most people are pretty underwhelmed by the news that has come out so far. The Dev competition is great, sure, and the NEX exchange sounds awesome but we knew that already. Ontology sounds great too, but didn't we kind of hope NEO would be the regulatory compliant ICO framework - and not this new ONT token network? But perhaps ONT will end up being bigger than we all think, and work on the NEO blockchain. Too many questions still.

With the last of the three days drawing near (or already at it's end depending on your timezone) there is still a chance of additional news being released, but so far this seems to be it mainly.

Not that it's bad news; not at all. In fact, it adds to the pile of highly exciting things that are going on in the NEO ecosphere already. It's just that most people likely hoped for something more. If more news does arrive, I'll try my best to bring it to you.

Update: By now it is confirmed there is no more major news coming

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