TechFlow news, the EOS network is working to reach validator consensus on launching a $100 million ecosystem fund. The fund will be managed by an independent entity, EOS Network Ventures (ENV), aiming to invest in Web3 businesses and entrepreneurs building innovative solutions on EOS, as well as to launch accelerator and incubation programs supporting large-scale adoption of the EOS network across new innovative business models. Validators on the EOS network will oversee the independently operated ENV.
EOS Network Ventures will make strategic equity and token-based investments in technology startups within the Web3 space, covering sectors including GameFi, metaverse, esports, NFTs, and fintech. This initiative will further position the EOS network as the ideal blockchain platform for Web2 companies transitioning to Web3 and for launching new projects.Original link
