VAEON Decentralized Autonomous EOSIO Blockchain Gets 7-Figures from FinLab EOS VC

VAEON Gets a 7-Figure First EOS VC Fund Contribution

A decentralized protocol built on the EOSIO blockchain, VAEON, has announced that it has secured a 7-figure financial commitment from FinLab EOS VC Fund to develop its autonomous blockchain idea. The project will become the first token sale globally to receive financial support from the $1 billion EOS VC initiative through Instaffo GmbH, one of their selected partners.

Those behind the FinLab EOS VC fund include a German investment firm with specialty in fintech, FinLab AG; and developers of a blockchain software EOSIO, who are also the founders of EOS VC, Block.One. The companies mentioned announced a $100M initiative to help fund projects across Europe, targeting those that utilize EOSIO blockchain software. Their goal is to offer the much-needed support in order to stimulate technological developments within the EOS community in Europe.

FinLab’s senior investment manager, Theo Woik, said that:

“We are happy to welcome Instaffo and its protocol VAEON as our first global investment at the new FinLab EOS VC Fund. VAEON Protocol is an important advancement in the ecosystem of EOS that will fuel the development of the EOS-based web 3.0; we are happy to support the VAEON team in building this future.”

VAEON Open Protocol and the VAEO Token

VAEON is an open protocol that seeks to redefine the way personal data is exchanged, structured or sold. Based on the blockchain, the platform offers three user benefits: single source of truth, data monetization, and data privacy.

Speaking about the project and the blockchain ecosystem in general, CEO of VAEON, Andreas Mikolajewski says that:

“At the moment, smart contract blockchains are like an open canvas; anything can be built there. However, before building dApps, a clear infrastructure of layers, protocols, and libraries is needed. Currently, there are no standards to make data interoperable.”

The COO of VAEON, Pedro Lopez, had this to add:

“I believe improvements in data interoperability will be the key driver for the innovation enabled by Blockchain technology in the next decade. VAEON builds this fundamental infrastructure for future dApps on the EOS ecosystem.”

The cryptocurrency token that’s used to interact with the platform’s smart contracts, VAEO, is designed to serve three key functions: medium of exchange, fraud prevention, and most importantly, governance.

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