Block.One, the software program firm behind the EOS blockchain, will develop its U.S. footprint with a brand new headquarters and a $10 million funding in Arlington County, Va.
Virginia Gov. Ralph Northam introduced the plans on Monday, together with a $600,000 grant from the Commonwealth’s Opportunity Fund. EOS is the world’s seventh-largest blockchain by market capitalization, valued at greater than $three billion.
“Arlington’s proximity to Washington, D.C. allows us to continue building constructive business and government relationships as we provide insights for the application of blockchain-based technologies.” Block.One Chief Operating Officer Andrew Bliss stated in an announcement.
The firm already has a Virginia presence with an 80-employee facility in Blacksburg, Va., roughly 250 miles away. Blacksburg is the house of CTO Dan Larimer and has served as the corporate’s HQ since inception.
The new facility will make use of 170 individuals in skilled and IT providers and assist the Blacksburg workplace in analysis and improvement.
Following a $4.1 billion preliminary coin providing in 2019, Block.One has made important investments, together with establishing places of work in Hong Kong and Los Angeles.
In June, the corporate introduced the launch of a social media platform, Voice, although particulars on its debut have since been sparse. Block.One has additionally been criticized for its dealing with of its treasury, together with a June inventory buyback and the conversion of its native tokens into bitcoin.
Block.One CEO Brendan Blumer picture by way of Block.One
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