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- The EOS Network has promised to fund the developers in the amount of 100 million dollars.
- The fund will be used to grow the EVM ecosystem, with a focus on DeFi and GameFi.
EOS Network is doubling down on its push to take its Ethereum Virtual Machine (EVM) to a new pedestal with the promise of $20 million for developers who want to take advantage of its new capabilities. The fund is specifically aimed at developers who want to create innovative Decentralized Finance (DeFi) and GameFi projects for EOS users to benefit from.
EOS Network Ventures (ENV) is making a formal commitment to invest $20M directly in $ EOS EVM and GameFi projects!
In addition to being the fastest EVM by far, EOS EVM will also have the largest funding available to builders.#EOS It’s officially open for business! pic.twitter.com/xAYIHoLB4O
— Yves La Rose (@BigBeardSamurai) March 20, 2023
The drive to release EVM compatibility has long been on the agenda for EOS. As an open source blockchain platform that prioritizes high performance, flexibility, security, and developer experience, the EVM on EOS has been described by experts as the fastest EVM and, with the new funding commitment, is claimed to be the most secure protocol funded of. all.
It promises to boost developers with $20 million in funding for DApps designed pave the way before the official launch of the EVM protocol, which will in progress in April.
EOS Network Ventures (ENV) is formally pledging to invest $20 million directly into EVM and GameFi EOS projects,” tweeted EOS Foundation CEO Yves La Rose. tweeted early today, adding that “EOS EVM will also have the highest funding available to builders.”
The incentive approach taken by EOS is seen as a thoughtful move that will create a win-win situation for the protocol and its potential developers.
With $20 million at stake for EVM projects, we expect a huge influx of developers looking to take advantage of the funding opportunities,” said La Rose, adding that the commitment to attract developers and builders to the EOS blockchain was made in the months ahead..
The creation of EVM capability is seen as the next step for EOS, which has already carved a niche for itself as a blockchain designed to help developers build what is impossible in other protocols.
EOS EVM Pledge Price Increase
The price of EOS is having a unique rally today, not only because of the broader bullish outlook in the digital currency ecosystem, but because of the bright future prospect the protocol is brandishing.
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At the time of writing, EOS is trading at $1.22, up 7.66% in the last 24 hours and more than 18.66% in the last 7 days. The price growth shows that the community is optimistic about the future of the protocol and that they are placing their bets in line with this bullish belief.
More blockchain protocols are starting to embrace the idea of going all-in on floating smart contract functionalities through EVM integration. Filecoin (FIL) is another protocol that followed this path with the launch of its Filecoin Virtual Machine (FVM) last week, as reported. reported at Crypto-News Flash. The price of FIL skyrocketed upon launch and a similar fate is expected to await EOS when its EVM version goes live.