Joint Venture Partnership $200m signed by Block.one

Block.one, the blockchain software EOSIO developer, informes about a partnership that sees creation of a new US $200 million joint venture fund, EOS Global
06 April 2018   569

Block.one today reported about a collaboration with blockchain veterans Michael Cao and Winnie Liu. That demands the creation of a new US$200 million joint venture fund, EOS Global. EOS Global will produce strategic investments in Asia-focused projects utilizing EOSIO. It is the fourth infusion of capital through Block.one’s EOS VC initiative which now totals 600m USD.

The blockchain space is a competitive one, but we are convinced that the speed, scalability and usability of the EOSIO open-source platform will enable rapid and radical innovation previously impeded by the limitations of existing protocols. We are incredibly excited to support an architecture that will drive mainstream blockchain adoption and foster new community-driven business models. 

Michael Cao, investor, founder of US blockchain mining facility
 

The new fund proceeds the advertisements of EOS VC partnerships with Finlab AG, Galaxy Digital, and Tomorrow Blockchain Opportunities.

Block.one is delighted to welcome investment from Michael and Winnie’s fund that will leverage EOSIO to catalyze the transformation of the digital assets space in Asia. EOS VC is expanding its global reach through divers partners poised to offer EOSIO projects unprecedented international access. 

Brendan Blumer, CEO, Block.one.
 

Block.one has made an initial obligation to deploy US$1 billion in partnership with heading venture capital investors to support development on the EOSIO platform. The EOS VC program suggests the funding the developers and entrepreneurs need to base community-driven businesses leveraging EOSIO.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   97

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.