FinLab AG and Block.one Announce $100 million Joint Venture to Accelerate Development of EOS.IO Projects in Europe
March 21, 2018 at 05:00 am EDT
Block.one and FinLab AG announce the signing of a letter of intent regarding the formation and capitalization of a new $100 million (€81 million) fund managed by FinLab, that will make strategic investments throughout Europe in projects that utilize the EOS.IO open-sourced blockchain software. Block.one has made an initial commitment to deploy $1 billion in partnership with various venture capital investors to support the development of the EOS.IO software.