Connect with us
European Gaming Congress 2024

Blockchain

EOS Launches Ethereum Virtual Machine for Solidity Developers

Published

on

EOS Network aims to accelerate its growth by taking advantage of the massive number of open source code libraries and tools already available in the Ethereum ecosystem.

Calgary, Alberta–(Newsfile Corp. – April 14, 2023) – The EOS Network Foundation (ENF), stewards and lead developers of the EOS Network, has announced the beta launch of the EOS EVM Mainnet, enabling interoperability between two of the world’s most prominent blockchain ecosystems.

Figure 1

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8506/162389_3edf0f8464367a05_001full.jpg

Advertisement

The EOS EVM is an emulation of the Ethereum Virtual Machine, deployed as a smart contract on the EOS blockchain. The EOS EVM runs decentralized applications written in Solidity, the native programming language of Ethereum. Solidity is used by the vast majority of web3 developers, and is supported by an extensive number of open-source code libraries, tools, resources, and tutorials. 

With the launch of EOS EVM, it bridges the best of both worlds, combining the accessible resources of the Ethereum community with the powerful performance of the EOS Network. In this way, EOS EVM is designed to complement Ethereum and aims to accelerate mass adoption of the EOS Network.

The EOS EVM is a major accomplishment, with its development spanning more than 12 months and contributions from across the EOS ecosystem. A new generation of web3 innovation will form as Solidity developers can now take advantage of EOS’s scalable network infrastructure and generous developer funding programs.

“Our goal is to create an interoperable future where the gaps between blockchains, developers and end users are bridged. EOS EVM does just that,” said Yves La Rose, Founder and CEO of the EOS Network Foundation. “EOS EVM is a significant milestone and represents our commitment to a multi-chain future.”

The launch of the EOS EVM mainnet beta coincides with a recent announcement of the EOS Network Ventures’ public commitment to invest $20 million in GameFi and EOS EVM projects to further the growth and adoption of EOS. These investments will add significant resources to the ecosystem’s already well funded grant programs.

Advertisement

About EOS Network Foundation

The EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. EOS is the native token of the EOS Network, which launched in 2018. The EOS Network provides a world-class, robust, smart contract functionality that enables developers to build the best-in-class decentralized applications (dApps) easily, facilitating the open web of the future and, in so doing, powering the Web3 economy. The ENF is the hub of the EOS Network, uniquely suited for NFT, GameFi, DeFi, and enterprise applications. The organization is committed to unlocking the full potential of the EOS blockchain to drive innovation, create new possibilities, and empower individuals and communities.

Media Contact:
Zack Gall, EOS Network Foundation
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162389

Advertisement

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Switzerland Regulatory Technology Business Report 2024: Market to Surpass $550 Million by 2029, Driven by Collaborative Opportunities and Data Privacy Solutions

Published

on

switzerland-regulatory-technology-business-report-2024:-market-to-surpass-$550-million-by-2029,-driven-by-collaborative-opportunities-and-data-privacy-solutions

Swiss RegTech Market

Continue Reading

Blockchain

Blockchain Life 2024: The Visionary and Tectum CEO Alex Guseff Among Featured Speakers

Published

on

blockchain-life-2024:-the-visionary-and-tectum-ceo-alex-guseff-among-featured-speakers
Continue Reading

Blockchain

DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla

Published

on

dla-piper’s-crypto-tokenization-engine-toko-relaunches-as-scintilla

Following a management buy-out by the management team at TOKO FZE, the business has been rebranded as Scintilla, the revolutionary platform providing on-chain solutions and services to make investments more inclusive, accessible, and efficient. Having been developed within DLA Piper’s Law& innovation portfolio, TOKO – now Scintilla has a fresh brand identity, new leadership, and innovative product offerings. Scintilla is set to reshape the future of finance by enabling businesses to unlock the power of blockchain technology across various asset classes, with DLA Piper remaining as a minority shareholder.

Regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), Scintilla is one of the first digital asset companies to gain full market licenses, marking a significant milestone in the sector’s landscape. Being a regulated entity underscores Scintilla’s commitment to the highest standards of compliance and security while pioneering new solutions for tokenization in the global market.

Innovating Finance Through Tokenization

Scintilla offers a comprehensive suite of tokenization services designed to bring liquidity, transparency, and efficiency to traditional finance sectors. From tokenized financial products, and real estate all the way to new legal funding products, Scintilla’s digital asset solutions enable clients to tokenize assets that were previously inaccessible to investors or illiquid.

Advertisement

Scintilla’s services include:

Advisory Services: The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.

Use Case Development: Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.

Broker/Dealer Services: Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.

Exchange Services: Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.

Advertisement

Scintilla is uniquely positioned to capitalize on the confluence of Dubai’s world-leading regulatory environment, cutting-edge technology, and the burgeoning RWA market.

A New Era for Scintilla

The relaunch of Scintilla represents more than just a rebranding—it signifies the company’s growing ambition to lead in the digital asset space. With an expanded team of industry experts, including continuing Board representation from DLA Piper, and a clear strategic vision, Scintilla is set to drive the adoption of tokenization in traditional financial markets.

“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”

Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience, DLA Piper added: “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”

Advertisement

The post DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE