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Block.one CEO Brendan Blumer Reveals His Focus for 2020

News
Fri, 05/22/2020 - 15:00
Vladislav Sopov
EOS.IO open-source software, backed by the Block.one team, is well-known for the diversity of projects that it powers. Not least, is it a result of VC investment activity
Block.one CEO Brendan Blumer Reveals His Focus for 2020
Cover image via www.youtube.com
Contents

Despite the fact that the ongoing market recession is nowhere near its end, many investors are treating this sensitive period as being very favorable for new VC programs. Brendan Blumer, the CEO of Block.one company, shares such a perspective.

VC is in the spotlight

Mr. Blumer highlighted that investing in promising projects is at the top of his agenda for this turbulent year. He is enthusiastic about both 'portfolio' companies and ongoing investments.

He has teased new projects to be supported by EOS VC, an investment branch of his company. EOS VC funds and provides mentor support for the products build around EOS.IO open-source software. 

Also, EOS VC launched a hackathon with 1,700 participants and 280 products.

Mr. Blumer asked all interested development teams to contact EOS VC directly by e-mail.

Products of all sorts

Many representatives of projects have started calling for the attention of future investors in the comments of Mr. Blumer's post. Supporters of social media platforms and decentralized blockchain-based games were among the most active.

According to Crunchbase, EOS VC participated in four investment rounds in 2020. On February 24, it was revealed that Agora Innovation, a digital solutions company raised $750K in seed investments with EOS VC involved.

In March, the Big Run game studio also raised some money from EOS VC. In April 2020, a Block.one-backed foundation took part in two venture investment rounds for Gapless and Unrd products.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)