A software publisher of EOSIO blockchain protocol — Block.one that underlies the EOS platform, received an investment from Peter Thiel, the founder of PayPal and from Jihan Wu, the CEO of Bitmain. Another round of project funding was also attended by Alan Howard, the head of Brevan Howard, and Louis Bacon, the head of the hedge fund Moore Capital Management, states the official web page. Earlier, the investments came from Christian Angermayer, the creator of Apeiron Investment Group Ltd. and Mike Novogratz of Galaxy Digital.
WHY IS IT IMPORTANT?
1. At the moment EOS is the 5th biggest cryptocurrency with a market capitalization of $7,1 billion.
2. EOS managed to conduct the largest and longest ICO in history, during which the project raised more than $4 billion. However, the transition from Ethereum blockchain to its own MainNet was not so smooth.
The software publisher is managed by the CEO Brendan Blumer and CTO Daniel Larimer. The second one is famous for making Delegated Proof of Stake (DPOS) consensus mechanism. It processes most of the blockchain transactions worldwide and powers EOSIO blockchain.
Thiel has previously invested in such companies as Facebook, Airbnb, and LinkedIn. Bitmain company produces ASIC-miners, and its subsidiary Antpool is one of the blockchain manufacturers of the EOS network.