Seoul, Korea – JANUARY 13, 2018 -- Block.one, a leader in developing blockchain software solutions, made a series of announcements today at its Meetup for EOS.IO developers in Seoul, including the following:

The formation of EOS VC, Block.one’s program to deploy over 1 billion USD in partnership capital with leading venture capital firms to develop the EOS ecosystem. Developers and entrepreneurs can contact [email protected] for more information.

Richard Jung, former CEO of BTC Korea (a/k/a Bithumb), has joined Block.one to lead development of the EOS.IO community in Korea.

Everipedia, a blockchain based competitor to Wikipedia led by Sam Kazemian and Wikipedia co-founder Larry Sanger, will be developed exclusively on the EOS platform and will be airdropping its tokens exclusively on the EOS blockchain distribution list.

“Block.one is making a formal commitment to deploy over $1 billion through leading global venture capital firms to deploy capital back to entrepreneurs to create innovation in the EOS ecosystem,” said Brendan Blumer, CEO of Block.one. “This scale of investment for EOS VC is unprecedented for blockchain technology and the Block.one team is excited to be backing developers from around the world who are creating the next generation internet organizations.”

The meetup in Seoul took place at Le Meridien Hotel and was attended by over 700 members of the blockchain software development community.

ABOUT Block.one

Block.one is a leading developer of technology solutions including blockchain software development. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including the development of the EOS.IO software. For more information visit block.one.

ABOUT EOS.IO

Published by block.one, the EOS.IO software introduces a new Blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a Blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.The EOS.IO GitHub repository is available here: https://github.com/EOSIO/eos . For more information, please visit the EOS.IO website and resources page: https://eos.io/ .

Disclaimer

block.one is a software company and is producing the EOS.IO software as free, open source software. This software may enable those who deploy it to launch a blockchain or decentralized applications with the features described above. block.one will not be launching a public blockchain based on the EOS.IO software. It will be the sole responsibility of third parties and the community and those who wish to become block producers to implement the features and/or provide the services described above as they see fit. block.one does not guarantee that anyone will implement such features or provide such services or that the EOS.IO software will be adopted and deployed in any way.

All statements in this document, other than statements of historical facts, including any statements regarding block.one’s business strategy, plans, prospects, developments and objectives are forward looking statements. These statements are only predictions and reflect block.one’s current beliefs and expectations with respect to future events and are based on assumptions and are subject to risk, uncertainties and change at any time. We operate in a rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you are cautioned not to rely on these forward-looking statements. Actual results, performance or events may differ materially from those contained in the forward-looking statements. Some of the factors that could cause actual results, performance or events to differ materially from the forward-looking statements contained herein include, without limitation: market volatility; continued availability of capital, financing and personnel; product acceptance; the commercial success of any new products or technologies; competition; government regulation and laws; and general economic, market or business conditions. Any forward-looking statement made by block.one speaks only as of the date on which it is made and block.one is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.