Benzinga - by Murtuza Merchant, Benzinga Staff Writer.
The EOS Network Foundation, under the leadership of CEO Yves La Rose, is actively preparing for what they believe will be the next significant surge in the blockchain sector.
Through a series of strategic initiatives, the foundation aims to position the EOS Network to meet the forthcoming demands and challenges of the industry, La Rose told Benzinga in an interview.
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Questioning Block.one's Settlement: The foundation has voiced concerns regarding the proposed $22 million settlement by Block.one.
"The proposed settlement amount of $22 million represents a tiny fraction of the $4 billion that Block.one raised from the community in its ICO sale," La Rose said.
The foundation aims to ensure that Block.one fulfills its promise to invest $1 billion in the EOS community and network.
The deadline to opt out of the class action is Aug. 29.
Block.one's Past Commitments Under Scrutiny: Block.one's promises "lead to stakeholders making investment and development decisions during and well beyond the year-long ICO."
The growing sentiment is that Block.one may not have had genuine intentions to uphold these commitments, leading to significant financial repercussions for many.
EOS's User Experience: La Rose explained that "EOS is focused on delivering a user experience similar to what Web2 users expect." This involves simplifying many of the intricacies associated with Web3, including resource management.
As the blockchain sector evolves, EOS's model, which emphasizes high-frequency low-value transactions, is set to cater to this increasing demand.
Inflationary Tokenomics: Addressing EOS's approach to inflationary tokenomics, La Rose said in the case of EOS, all tokens are already in circulation, and the immaterial additional issuance going towards node incentivization and network development is by far one of the lowest in the space."
La Rose also made a reference to Ethereum's (CRYPTO: ETH) initial hyperinflationary phase, suggesting that "Ethereum has turned out just fine, despite its early days of highly inflationary tokenomics."
Bolstering Investor Confidence: "The creation of the ENF paved the way for milestones such as the EOS Blue Papers, EOSIO rebrand to Antelope, the EOS Independence, and the upcoming Antelope Leap 5.0 release," La Rose said.
These strategic moves are already drawing a new wave of stakeholders, all keenly awaiting the next bull run.
A Focus On GameFi: Recognizing the potential of game tokens and NFTs, La Rose revealed that the foundation is "launching a venture fund (EOS Network Ventures) with a mandate to invest in viable businesses that could help support and grow the network."
This decision aligns with the rising popularity of platforms like Upland in the blockchain gaming and NFT arena.
Guiding EOS Network's Evolution: "The EOS Network Foundation works for the EOS token holders and continuously monitors the needs of the various stakeholders," La Rose said.
Through community engagement and the formation of dedicated working groups, the foundation is geared to address the myriad challenges and opportunities that lie ahead.
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