Block.one CEO Brendan Blumer Reveals His Focus for 2020

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Fri, 05/22/2020 - 15:00
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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
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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.

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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.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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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.)