According to Foresight News, EOS Network Ventures will launch a US$100 million ecosystem fund, which will be managed by an independent entity, EOS Network Ventures (ENV). It aims to invest in Web3 businesses and entrepreneurs building innovative solutions based on EOS. It will also be used to Launch accelerator and incubation programs to support the large-scale application of the EOS network in more innovative business models. EOS network validators will oversee the independently operated ENV.
EOS Network Ventures will make strategic equity and token-based investments in technology startups in the Web3 field, covering tracks including GameFi, Metaverse, eSports, NFT, and financial technology.