VAEON recently announced that it would be receiving a seven-digit financial stimulus package from FinLab EOS VC to develop its autonomous blockchain project.

Finlab EOS VC Fund will be committing seven-digit financial assistance to VAEON, a decentralized protocol built on the EOS blockchain. The financial commitment will be directed towards the development of its autonomous blockchain project.

VAEON will go down in history, as the first token worldwide to receive the financial backing of EOS VC, a 1billion dollars initiative.

FinLab EOS VC Fund is backed by Block.one, the developers of blockchain software EOS.IO and the founders of EOS VC and FinLab AG, a German company firm that specializes in the Fintech sector.

The firm revealed earlier this year that they would be supporting projects in Europe that utilizes the EOS blockchain software with a $100 million financial assistance.

The goal of the company is to support and encourage the rise of the new technology within the EOS European community.

The Senior Investment Manager at Finlab, Theo Woik, said:

‘’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  is set to redefine how we structure, exchange or sell our personal data. The benefit of VAEON includes data privacy, data monetization and a single source of truth.

It also aims to provide developers of applications the privilege to launch a new product or service to a user base that is already in existence.

The Chief Executive Officer of VAEON Andreas Milkolajewski stated that:

‘’At the moment, smart contracts blockchains are like open canvas; anything can be built there. However, before build DApps, a clear infrastructure of layers, protocols and libraries is needed. Currently, there are no standards to make data interoperable’’

The Chief Operating Officer of the platform Pedro Lopez corroborated the stance of the CEO, he said:

I believe the improvement 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’’ he concluded.

For more information, visit the website- https://vaeon.io/

Connect on Telegram- https://web.telegram.org/#/im?p=@VAEON_Protocol

Read the whitepaper- https://vaeon.io/files/vaeon_onepager.pdf

Subscribe on Youtube- https://www.youtube.com/channel/UCIhI9hCDl4Mf7fagi9qAwGA

Media Contact

Contact Name: Jessica Hutchinson

Contact Email- [email protected]

The post FinLab EOS VC Fund Makes Seven Digit Contribution to VAEON appeared first on ZyCrypto.

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