Block.One partners with Mike Novogratz & Galaxy Digital Asset Management, to create $325 Million EOS.IO Ecosystem Fund
Today, at 4:30 P.M. GMT, Brendan Blumer took the stage at Blockchain Week London to announce their recent partnership with Mike Novogratz and Galaxy Digital Asset Management and the creation of a $325 Million EOS.IO Ecosystem Fund. This is a welcomed move as the EOS.IO software is getting the recognition the platform deserves as we enter into the blockchain 3.0 space.
This is the second VC announcement in nearly as many weeks. The first was at the EOS Korea meetup with TomorrowVentures and Derek Rundell.
The significance of these partnerships should not be understated. Smart software engineering and distributed ledger utilization are not the only things needed to power a decentralized internet. Block.One understands that the value of the EOS.IO software is not solely in throughput or transactions per second, rather it’s in the widespread adoption by developers and dApp users. Every decision made, from the scripting language chosen to the distribution strategy points to this idea. Block.One has repeatedly positioned themselves to not only empower the community through the software itself but to also funnel the necessary resources to ensure the EOS.IO platform will be here to stay.
It’s worth noting that a large portion of Mike Novogratz’s fund was generated through the purchase of Ether tokens and a portion of those funds are now being allocated to develop the EOS.IO platform.
Per Crunchbase:
Michael E. Novogratz is the CEO of Galaxy Investment Partners. He was formerly a principal and a member of the board of directors of Fortress Investment Group LLC and Chief Investment Officer of the Fortress Macro Fund. Mr. Novogratz joined Fortress in 2002 after spending 11 years at Goldman Sachs, where he was elected partner in 1998. Mr. Novogratz founded and serves as the Chairman of the Board for Beat the Streets, a non-profit organization which builds wrestling programs in New York City public schools and is also the Honorary Chairman of USA Wrestling Foundation. Mr. Novogratz is Chairman of The Friends of the Hudson River Park. He also serves on the board of the Acumen Fund, NYU Langone Medical Center, Princeton Varsity Club and The Jazz Foundation of America. Mr. Novogratz received an AB from Princeton University in Economics, and served as a helicopter pilot in the US Army. (https://www.crunchbase.com/person/mike-novogratz)
Read the story directly from EOS here (https://steemit.com/eos/@eosio/block-one-and-mike-novogratz-s-galaxy-digital-announce-joint-venture-for-new-usd325-million-eos-io-fund)
Let's welcome Mike and the Galaxy team to the EOS community!
EOS New York
EOS New York is the preeminent Block Producer candidate for the EOS blockchain network on the eastern seaboard of the United States. Founded by Rick Schlesinger and Kevin Rose, it aims to ensure the successful launch of the EOS network, educate users, and execute a plan to continuously add value to the network.
To keep up to date on our meetups, developments, and the communications we keep with Block.One, follow us @eosnewyork.
https://www.eosnewyork.io/
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https://medium.com/@eosnewyork
https://steemit.com/@eosnewyork
Excellent news. The best software in the world is worthless unless someone is using it. Many in the crypto space either don't recognize that or have no idea how to turn a great idea into something that has real value. The EOS team seem to be ticking all the right boxes.
Exciting news for, EOS. I love that they're using their capital to support dApp developers to build on a platform. I'm excited to see the types of companies they invest in and whether it turns out better/worse then the current ICO on Ethereum model.
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Hell yea! This is awesome news. Love the Gratz.
Block.One partners with @novogratz