Blockchain technology specialized software company Block.one officially announced that it will transfer 45 million EOS ( roughly$209 million) to a decentralized platform Helios led by Block Pierce. It will also create an EOS venture capital fund to expand the infrastructure and to support developers.
As per the press release, the company is continuously avoiding to act as a centralized entity for any public implementation of the EOSIO software. It recognizes the power in open-source collaborations that offers freedom to govern, build, and iterate the system to the contributors.
Block.one says that the open-source system preserves the decentralized nature along with the natural development of EOS and EOSIO-based assets. The company says through Helios, its main focus is to develop and deliver EOSIO along with increased investment in the EOSIO ecosystem. The company also includes supporting new innovators as its primary goal. Along with that, Block.one focuses on the development of EOSIO infrastructure and incubation of new businesses.
The network growth has been the primary focus for the company as it seeks to dominate the DeFi industry.
“Over the last three years we have watched the EOS community and network evolve, and we have put a great deal of consideration into how we can leverage our own EOS token holdings to help further fuel the network’s growth.”
said the company in the press release
Helios aims to serve the EOS community
Helios, the recipient of the 45 million EOS tokens is focused on serving the EOS community with high intention. It will create an EOS Venture Capital Fund along with supporting infrastructure creation. It also has agreed to create institutional-level EOS financial products along with providing the facility of tooling and documentation to the developers.
The announcement also mentions that Helios will be responsible for organizing and managing community events to educate, expand the network, and develop use cases.
Block.one is hoping that this step will empower and expand the EOS network. The company added that it hopes for a ton of new opportunities and participants in the system. The company also aims to increase the liquidity of the EOS-based projects.