Major European Fintech Investor And Block.one Announce $100 Mln Fund For EOS Projects

The German fintech incubator FinLab AG and Block.one, developer of the Blockchain software platform EOS.IO, announced a $100 mln joint venture to develop projects that use EOS’ software, Cointelegraph auf Deutsch reported today, March 21.

The FinLab-run fund aims to further distribute the EOS.IO platform, run by Cayman islands-registered Block.one. The company has promised $1 bln in funding, together with other venture capitalists, for EOS.IO software. The fund with Finlab thus represents only a fraction of the seed capital of EOS.IO.

EOS.IO is a Blockchain architecture for decentralized applications (DApps) powered by Ethereum’s ERC20 standard tokens…

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