EOS EVM Mainnet Launched: ENF & DWF Labs Invest $60M

The EOS Network Foundation is determined to bring blockchain interoperability to a new level and has announced the launch of its Ethereum Virtual Machine (EVM) mainnet. The ENF’s mission will also be supported by a strategic partnership with market maker and investment firm DWF Labs, who are investing $60 million to drive further platform growth and development.

EOS EVM Mainnet Unlocking Interoperability

With the main goal of bridging the two blockchains and providing access to Ethereum’s resources, the EOS EVM mainnet provides developers with the power to write Solidity smart contracts. The new Virtual Machine offers quick block intervals and over 800 swaps per second with low fees. All thanks to EOS’s superior infrastructure, it serves as a significant upgrade from Ethereum’s scalability and speed issues.

Yves La Rose, founder and CEO of the EOS Network Foundation, relayed his excitement for the breakthrough. “EOS EVM is a significant milestone and represents our commitment to a multi-chain future. Our goal is to create an interoperable future where the gaps between blockchains, developers and end users are bridged.”

Revolutionizing Blockchain Ecosystem with DWF Labs

In addition to the launch, ENF is also proud to announce their strategic partnership with DWF Labs. The two will collaborate with a $45 million investment in EOS tokens and another $15 million allocation towards EOS-based businesses and projects.

Andrei Grachev, Managing Partner of DWF Labs, expressed his enthusiasm for the partnership. “Our strategic partnership will enable us to explore new horizons and revolutionize the blockchain ecosystem together, providing developers with the tools and resources they need to bring about a more decentralized and connected future.”

EOS & DWF’s Bright Future Ahead

Not only does the partnership open new opportunities for the EOS ecosystem, but it reveals a great amount of potential for the web3 space. With the advancements from the DWF collaboration, the EOS Network is sure to be the future of the blockchain industry.

As the two join forces, there’s no denying the seamless progress and brilliant ideas the future has in store. The possibilities are truly endless and ENF’s commitment to their mission of unlocking the potential of interoperability in the blockchain space could be the next great revolution in the technology. With the launch of the Beta, and the investment from DWF Labs, the future of blockchain is looking brighter than ever!

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Rina Giannino
Journalist venturing into blockchain, Rina has been a follower of the technology since 2019 and finally taken the plunge with a career as a journalist in the industry.