Block.one, a Cayman Islands-registered open-source software publisher that developed EOS, one of the largest platforms for building decentralized applications (dApps), has reportedly awarded a $50,000 grant to each of the 34 promising or high-potential startups.
These tech companies are part of a global entrepreneurship program that will support the growth of the world’s open-source community using the EOSIO protocol (initially developed by Block.one after securing a record $4.1 billion via its initial coin offering (ICO) a few years back).
As noted in a release shared with Crowdfund Insider, a few of the companies that have been awarded the grants by Block.one include:
- Magic Lines – a startup that aims to “redefine” dementia and Parkinson’s by using augmented reality (AR) to enhance or improve the life of patients suffering from dementia. Patients will have the option of tokenizing their personal healthcare data, which will reside on a blockchain using the EOSIO protocol. This data may be monetized after consent has been obtained from the patients.
- Havuta – a data collection and analysis firm that aims to offer real-time “impact evaluation” solutions to the development sector. The Havuta team notes that their ecosystem of applications have been designed to assist impact investors, development initiatives, and various humanitarian organizations. The company’s solutions may be used to “leverage the collective knowledge of local communities to drive enhanced real-time data flows.” Havuta will use a blockchain-based solution to verify information and will ensure that the data required is “affordable and actionable.”
- EcoMatcher – an initiative that involves planting trees and complete forests with “vetted” foundations and NGOs from across the globe. EcoMatcher claims it can use innovative technology to learn everything about every tree planted, “offering full transparency.” Every tree can be “virtually visited,” the company said. Companies may use trees and forests for earning rewards, loyalty, corporate gifting, employee engagement, and transparent carbon offsetting programs.
- The Labz – an ecosystem for promoting the development of content collaboration tools, which will support the process of “aggregating and tracking creative attribution in real time.”
Another lawsuit was recently filed against Block.one for allegedly collecting $200 million+ in funds in an illegal manner.
Investors are reportedly looking to recover funds they had invested in EOS tokens, which they did through the record-breaking $4.1 billion ICO carried out by Block.one.
The plaintiffs claim that fundraising for the EOS project was carried out through an unregistered security offering conducted by Block.one