FinLab AG and Block.one Announce $100 million Joint Venture to Accelerate Development of EOS.IO Projects in Europe
Frankfurt, Germany and Grand Cayman, Cayman Islands — 21 March, 2018
Block.one, the engineer behind the main blockchain programming EOS.IO, and FinLab AG (WKN 121806/ISIN DE0001218063/ticker image: A7A.GR), one of the first and biggest organization manufacturers and financial specialists concentrated on the FinTech division in Europe, today declared the marking of a letter of plan with respect to the development and capitalization of another $100 million (€81 million) subsidize oversaw by FinLab, that will influence vital speculations all through Europe in ventures that to use the EOS.IO publicly released blockchain programming. This is the third declaration for Block.one's EOS VC activity to empower EOS.IO development.
EOS.IO’s Delegated Proof of Stake (DPOS) approach has shown to vastly improved the speed and resiliency by which blockchain networks operate and scale,” says Stefan Schuetze, of the FinLab management board. “FinLab is excited to partner with the company behind this fundamental innovation and looks forward to fostering development of projects enabled by EOS.IO software
We are eager to work with FinLab AG, a main European tech financial specialist, to develop EOS VC's worldwide reach," said Brendan Blumer, CEO of Block.one. "We trust the EOS.IO open source programming in a general sense empowers new group driven plans of action, and we stay focused on putting resources into that future."
This is the third EOS.IO finance shaped through the EOS VC organization program following declarations with Tomorrow Blockchain Opportunities, oversaw by Derek Rundell of Eric Schmidt's TomorrowVentures, and Galaxy Digital, oversaw by Mike Novogratz. Block.one has made an underlying sense of duty regarding convey $1 billion in organization with driving funding financial specialists to help the advancement of the EOS.IO programming.
The EOS VC program puts resources into engineers and business visionaries utilizing the EOS.IO programming. Enquire at vc@block.one to take in more.
About EOS.IO
EOS.IO programming acquaints a blockchain engineering composed with empower flat scaling of decentralized applications (the "EOS.IO Software"). The product gives accounts, verification, databases, nonconcurrent correspondence and the booking of utilizations over different CPU centers as well as bunches. For more data, please visit https://eos.io
About FinLab AG
Securities exchange recorded organization FinLab AG (WKN 121806/ISIN DE0001218063/ticker image: A7A.GR) is one of the first and biggest organization manufacturers and speculators concentrated on the Financial Services Technologies ("FinTech") segment in Europe. FinLab centers around creating German FinTech new companies and giving funding to their budgetary needs, whereby for each situation the point is a long haul cooperation and progressing backing of the venture. FinLab likewise contributes comprehensively, as a feature of wander rounds, in FinTech organizations, basically in the USA and Asia..