Block.One, Creator of EOS, Moves Headquarters Closer To DC To Foster Government Relationships
Another HQ of Block.One, the creators of the seventh-largest blockchain by capitalization ESO, will be set up a new headquarters in Arlington County, Virginia. Along with this comes a hefty $10 million investment into the state.
Governor of Virginia, Ralph Northam, announced this on Monday. Along with this investment comes another grant, a (relatively) small $600 000, that was given by the Commonwealth’s Opportunity Fund.
Chief Operation Officer of Block.One, Andrew Bliss, explained that Arlington County’s close proximity to Washington DC enables them to continue building businesses that are constructive and improve the company’s relationship with the government. They aim to give insights into blockchain-based technologies’ applications as well.
Chief Executive Officer, Brenden Blumer, added to that by being so close to the capital positions Block.One to the new policy revolution following distributed ledgers, digital assets, and blockchain technology as a whole. He explained that it gives them the opportunity to expand the talent of his group as demand for blockchain technology only rises.
With 170 new jobs for professionals within the IT sector, this new facility will help support their other offices with brand new research and development.
They already had a presence within Blacksburg, Virginia, before this, which is now 250 miles (400 km) away from the new base of operations. This 80-employee facility is situated in the home of their Chief Technical Officer, Dan Larimer. It had served as the company’s HQ from their start until the new shift as Block.One grows to meet the demands of their success.
Along with $4.1 billion as an initial coin offering, Block.One has made many an investment. Noteworthies include the other offices, situated in Hong Kong and Los Angeles.
A Voice for Blockchains
Block.One has a few hands in a few markets. They had announced their social media platform, aptly called Voice. This platform will use the EOS blockchain for increased transparency in operation. No hidden algorithms, content-pushing mechanics, and similar distasteful policies.
Brendan Blumer, compared Voice with mainstream social platforms, stating that said platforms are out to capitalize on the userbase as a profit, reaping the rewards without giving back to the user. Blumer intends to change that business model into something better. He stated that a user’s content, data, and attention are all highly valuable things, and users need to reap the rewards of using a platform instead of a platform raking in profits because of the user.
Details may be sparse, but Block.One had to dock up a very hefty $30 million to purchase the domain name Voice.com. In cash. The sheer amount of capital big companies like this can throw into investments is both astounding and sobering.