EOS Network Foundation CEO: The EOS ecosystem is in urgent need of capital injection, and the community must be built from scratch

Odaily Planet Daily News Yves La Rose, founder and CEO of the EOS Network Foundation (ENF), said that blockchain software company Block.one failed to financially support the EOS ecosystem after the ICO in 2018, which is a problem for the community. One of the many reasons why I felt compelled to take over the project. La Rose revealed that the EOS community had to build everything from scratch because it does not “own any existing intellectual property.” In addition, La Rose said that since the ecosystem has been starved of capital for years, it must be injected "as quickly and efficiently as possible." However, this must be done before the processes and frameworks that drive decision-making are in place. (Bitcoin.com) According to previous news on August 9, the EOS Network Foundation urged the EOS community to reject the Block.one settlement agreement. After reviewing the agreement, it believed that the proposed solution with Block.one was not in the best interests of the EOS network and the entire EOS community. It is reported that the amount of the proposed solution is US$22 million, which is only a small part of the US$4 billion Block.one raised in the ICO sale and the US$1 billion committed to invest in the EOS network and community.