The next project we’ll be taking a dive into for Knowing the developers, EOS, is the fifth-largest cryptocurrency by market cap. If one thing is certain, the project is not short of capital or funding. EOS was heralded as a platform that would be a direct competitor to Ethereum for performing smart contracts and building decentralized applications.
In 2017, the company behind the development of EOS, Block.one, held a year-long initial coin offering (ICO), raising $4 billion. Besides the money raised through the token sale, the company has been able to attract some prominent institutional investors. Some of these names include PayPal co-founder Peter Thiel, Galaxy Digital’s Mike Novogratz, and hedge fund billionaires Alan Howard and Louis Bacon.