{"id":31247,"date":"2020-11-04T13:21:48","date_gmt":"2020-11-04T11:21:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31247"},"modified":"2025-08-28T02:43:51","modified_gmt":"2025-08-27T23:43:51","slug":"eos-community-recalls-block-ones-pledge-to-invest-1bn-in-eos-development","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/eos-community-recalls-block-ones-pledge-to-invest-1bn-in-eos-development\/","title":{"rendered":"EOS community recalls Block.one\u2019s pledge to invest $1bn in EOS development"},"content":{"rendered":"<p>EOS community representatives reproached Block.one for not having invested $1 billion in the project. The company made that pledge several years ago.<\/p>\n<p><!--more--><\/p>\n<p>A user under the alias @NicolasFlamel77 wrote that in 2017-2018 the Block.one team promised to invest $1 billion in EOS projects. At the time, the company said that these funds would allow EOS to surpass Ethereum in terms of adoption of decentralized applications (dapps) and the widespread take-up of the technology.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">If <a href=\"https:\/\/twitter.com\/block_one_?ref_src=twsrc%5Etfw\">@block_one_<\/a> would\u2019ve kept it\u2019s promise of investing $1b into <a href=\"https:\/\/twitter.com\/search?q=%24EOS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$EOS<\/a> projects, Mainnet would be home to thousands of dapps, the community would be 100x bigger, and we might even have surpassed Ethereum by now. <a href=\"https:\/\/twitter.com\/hashtag\/KeepYourPromise?src=hash&#038;ref_src=twsrc%5Etfw\">#KeepYourPromise<\/a> <a href=\"https:\/\/twitter.com\/bytemaster7?ref_src=twsrc%5Etfw\">@bytemaster7<\/a> <a href=\"https:\/\/twitter.com\/BrendanBlumer?ref_src=twsrc%5Etfw\">@BrendanBlumer<\/a><\/p>\n<p>\u2014 Nicolas Flamel \ud83d\udd25 (@NicolasFlamel77) <a href=\"https:\/\/twitter.com\/NicolasFlamel77\/status\/1322963846517166088?ref_src=twsrc%5Etfw\">November 1, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The moment when project representatives mentioned the large sum was recalled by Everything EOS host Zak Gall. He shared a recording of Brendan Blumer&#8217;s speech from 2018.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">Please listen carefully to <a href=\"https:\/\/twitter.com\/BrendanBlumer?ref_src=twsrc%5Etfw\">@BrendanBlumer<\/a>\u2018s words in this clip from the January 2018 meetup in Seoul.<\/p>\n<p>Did he say that <a href=\"https:\/\/twitter.com\/block_one_?ref_src=twsrc%5Etfw\">@block_one_<\/a> EOS VC would be deploying $1b of capital into <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&#038;ref_src=twsrc%5Etfw\">#EOS<\/a> projects or <a href=\"https:\/\/twitter.com\/hashtag\/EOSIO?src=hash&#038;ref_src=twsrc%5Etfw\">#EOSIO<\/a>???<a href=\"https:\/\/t.co\/5QtKCujMGq\">https:\/\/t.co\/5QtKCujMGq<\/a><\/p>\n<p>\u2014 Zack Gall \u2b55 (@BlockchainZack) <a href=\"https:\/\/twitter.com\/BlockchainZack\/status\/1323310958979305473?ref_src=twsrc%5Etfw\">November 2, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In response to these accusations, Block.one&#8217;s chief technology officer Dan Larimer stated that the company merely promised to invest in external projects on EOSIO. According to him, the main EOS network &#8220;didn&#8217;t exist at the time&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">We only promised to invest in companies building on EOSIO, EOS main net didn\u2019t even exist at the time and there have been many public EOSIO chains that launched. Proper investment requires identifying teams that can build sustainable business, these are in short supply.<\/p>\n<p>\u2014 Daniel Larimer (@bytemaster7) <a href=\"https:\/\/twitter.com\/bytemaster7\/status\/1323304973468377088?ref_src=twsrc%5Etfw\">November 2, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some members of the community speculated that the Block.one team, in their public remarks, used &#8220;EOS&#8221; instead of &#8220;EOSIO&#8221; by mistake.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"j0Yi0XTyiP\">\n<p>What is EOS?<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cWhat is EOS?\u201d \u2014 ForkLog\" src=\"https:\/\/forklog.com\/cryptorium\/chto-takoe-eos\/embed#?secret=i9UcgDkMEg#?secret=j0Yi0XTyiP\" data-secret=\"j0Yi0XTyiP\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>According to the DappRadar service, at the time of writing Ethereum uses 2,072 dapps. The EOS network hosts 564 applications.<\/p>\n<p>In September 2020, Blumer <a href=\"https:\/\/forklog.com\/en\/news\/block-one-chief-criticises-slow-and-costly-ethereum-transactions\">criticised<\/a> the slow and costly operations on the Ethereum blockchain.<\/p>\n<p>Subscribe to ForkLog news on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EOS community representatives reproached Block.one for not having invested $1 billion in the project. The company made that promise several years ago.<\/p>\n","protected":false},"author":1,"featured_media":31248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1850,1865,817],"class_list":["post-31247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-block-one","tag-dan-larimer","tag-eos"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31247"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31247\/revisions"}],"predecessor-version":[{"id":31249,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31247\/revisions\/31249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31248"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}