Block.one, the developer of the EOS protocol, has received the backing of several major investors, including PayPal founder Peter Thiel. In a new funding round - the size of which remains a secret - Block.one has added Thiel, Bitmain, and billionaires Louis Bacon and Alan Howard to its list of investors.
Brendan Blumer, the company's CEO, said, “We are pleased to welcome key strategic investors who align with our vision of a secure and connected world.”
“The EOSIO protocol is an excellent example of blockchain innovation. The performance and scalability of this system is fully suited to the demands of consumer applications. This protocol will pave the way for general adoption of blockchain,” he said in a statement.
Although it is not yet clear exactly how much money will be added to $4 billions raised during the annual token sale, this news is undoubtedly great for Block.one. In addition, new investors include Galaxy Digital founder Mike Novogratz, as well as Apeiron Investment Group founder Christian Angermeier.
Since its launch, the EOS project has faced a barrage of criticism over the arbitration mechanism, which was created to resolve disputes between network users.
Last week, CoinDesk reported that Block.one plans to take a more active role in managing the network.
According to coindesk.com
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