EOS VC, the capital arm of Block.One recently announced that it had started accepting applications for its latest project that seeks to gift $50K to EOS ventures that can help to enhance the existing environment. On a statement released on 17th December, the company stated that there were no predefined standards in place to determine which applicants were successful and which ones were not.
The statement went on to note that developments from different sectors and industries were welcome to try their luck. In addition, applicants didn’t have to meet any size obligations when submitting their developments. The applications could either be from members already present on the EOS ecosystem or from developers planning to continue building on this protocol.
Size of the Project Not a Barrier
When making the announcement, EOS VC pointed out that:
“The size of the project will not in any way act as a barrier. We are happy to welcome local heroes as well as world conquerors.“
In addition to the investment opportunities unveiled by EOS VC, this initiative is also aimed at enhancing and growing the existing ecosystem. The program will also be used to provide an additional aid program for ventures that have shown some promise.
EOS VC noted that all applications would be judged on their individual merits. Its personnel would assess the viability of each project from a business viewpoint, as well as whether it was in a position to enhance and stimulate the entire environment. According to CoinMarketCap, EOS is currently the 7th largest blockchain-based on its market cap.
The company went on to note that it was convinced that this program would be an ideal method for it to fast-track meaningful projects based on the blockchain platform. These are ventures that are likely going to have a great impact on its users.