EOS Was the World’s Most Hyped Blockchain. Members Want It Back

Block.one’s EOS VC deployed its money through partnerships with other investors, including Novogratz’s Galaxy Digital firm, Asia-based investors Michael Cao and Winnie Liu, London-based fund SVK Crypto, and German firm FinLab. The former Hong Kong-based employee says this was a way to “outsource” the task to these partners, rather than spend time looking for companies using the technology that underpinned EOS, which according to the employee, Blumer regarded as “a distraction.”

“In the crypto space, people using EOS are small companies,” they say. “Brendan wasn’t really interested in doing these small VC deals.”

Crunchbase data and Block.one’s own press releases show that Block.one

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