According to an official announcement today, Block.one has received additional investments by famed venture capitalist Peter Thiel and the largest mining company Bitmain. This comes after its initial funding round led by Christian Angermayer, Landsdowne Investment Company Ltd, and Galaxy Digital’s Mike Novogratz and now includes Louis Bacon and Alan Howard.
Official Announcement: https://twitter.com/EOS_io/status/1018842895078514688
A bit about Block.one. Block.one is a software company that specializes in high-performance blockchain technologies. Block.one was the creator of EOSIO, which is an open-sourced blockchain protocol that enable “secure data transfer” and “high-performance” decentralized applications. In essence Block.one aims to support decentralized apps on an industrial scale.
Some of the reasons noted by investors for funding Block.one include its innovative spirit and the need for more performance and scalability to meet mainstream adoption.
Quotes by Key Players:
“The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption.”
Jihan Wu of Bitmain
“As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world.
Block.one CEO Brendan Blume
In order to make blockchain available and more mainstream, long time investors realize that they must create technologies that work for both businesses and individuals. This is why a majority of new investments and companies are focusing on the technology aspect and attempting to create more ways in which people can participate.
Once they are able to create more solutions that fit for people’s needs, it would then allow cryptocurrencies to be the medium for paying the services and create a new economy based on a system whereby peer to peer decentralized networks manage everyday transactions and even many daily interactions we have yet to see.
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