EOS Network pledges $20 million for expansion as price surges, more inside

ambcrypto.com:

Ahead of the launch of its Ethereum Virtual Machine (EVM) on 14 April, EOS Network Ventures has pledged to invest $20 million to support the growth of EOS-based decentralized applications and gaming platforms.

EOS Network Ventures (ENV) is making a formal commitment to invest $20M directly into $EOS EVM and GameFi projects!

In addition to being BY FAR the fastest EVM, EOS EVM will also have the most funding available for builders.#EOS is officially open for business! pic.twitter.com/xAYIHoLB4O

— Yves La Rose (@BigBeardSamurai) March 20, 2023

Realistic or not, here’s EOS’ market cap in BTC’s terms

CEO Yves La Rose, in a tweet on 20 March, stated:

“This $20M commitment from ENV has the goal of quickly establishing #EOS EVM as the market leader. We want to attract the industry’s best developers and teams to build on $EOS EVM. Now, in addition to having the best tech, we have 20M reasons why a dev would build on EOS EVM!”

According to CEO La Rose, EOS EVM is 25 times faster than Avalanche [AVAX] and three times faster than Solana [SOL] or BNB Chain [BNB]. Nevertheless, the community members who held different opinions heavily criticized this stance.