ENF Q4 2022 Quarterly Report

Every quarter the EOS Network Foundation (ENF) provides the EOS community with an overview of its activities, grants, and financial expenditures in a detailed report.

The ENF provides support, funding and the coordination of resources necessary to make EOS a thriving ecosystem. We’re harnessing the power of decentralization to chart a coordinated future for the EOS Network as a force for positive global change.

Through direct investments, a grant framework, sponsored working groups, Eden(s), and Pomelo, the ENF takes a strategic multi-pronged approach towards funding and enabling the EOS community to create positive sum games to mature EOS into a best-in-class Web3 smart contract platform and blockchain ecosystem.

A Message From The CEO

Against the backdrop of the global political and economic turmoil of the past decade, the blockchain industry, not without its own growing pains, has been steadily coming of age. Today, the effect of shifting global markets and supply chain uncertainty has exposed many weaknesses in our legacy financial and business architectures. For such deficiencies in coordination, blockchain presents a once in a generation opportunity for a most timely upgrade. Every adversity contains within it the seeds of opportunity and growth. 

Within this global context, The EOS Network has been undergoing its own rites of passage, integrating life lessons, gaining independence, and moving forward on its evolutionary path of becoming the premier blockchain ecosystem for interactive innovation.

The EOS Network Foundation (ENF) did not emerge with the EOS Network, it came into existence in mid 2021 born of the need for a reliable entity that could coordinate both financial and non-financial support to encourage the growth and development of the EOS Network. Just one short year ago, at the outset of 2022, the ENF core team consisted of only three people who believed in the possibility for EOS to emerge from the chaos of neglect and uncertainty that had been holding it back. We now step into 2023 with over forty talented and passionate team members. I am truly humbled by the incredible team that has formed to serve the EOS community. With a full complement of operations, engineering, communications, marketing, and developer relations, the team has matured into a highly capable organization able to execute on and sustain a variety of initiatives to provide the kind of foundational support and infrastructure that #TheNewEOS can rely on well into the future. The ENF is now more resilient, diverse, coordinated, and global than ever before, and it is ready to put EOS back on the map as a leader within the Web3 ecosystem.

Our first aim for 2022 was to finish laying the groundwork for sustainable funding of the EOS Network. Just one year ago, it was nearly impossible to get funding to build on EOS. This has since changed significantly. Through the ENF, there are now multiple avenues for EOS community members to receive funding. These include Pomelo Grants, ENF Direct Grants, Hackathons, and the emergent EOS Network Ventures (ENV) —a $100M+ VC fund focused on innovating within EOS.

A major milestone for 2022 was facilitating the re-emergence of The EOS Network as a community-led DAO capable of asserting its sovereignty and protecting itself against powerful corporate interests. On September 21st, 2022, backed by an incredibly skilled team of engineers at the ENF, a growing network of technology partners, project managers, and key members of the developer ecosystem all working in close coordination, the EOS Network declared independence by performing a non-contentious hard fork to the community-led and maintained Antelope codebase.

“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.”

—Margaret Mead [ EOS genesis block memo ]

Having secured the codebase as a fully open-source and independent framework for multiple Antelope-based blockchains who stand side by side with the EOS Network, The ENF has continued its efforts to strengthen cooperation through the Antelope Coalition. With over $10M invested in the Antelope codebase, RFPs, additional tooling, and operational support, the ENF continues to be a driving force behind ecosystem development. With game-changing tech such as Inter-Blockchain Communication (IBC) and Instant Finality on the horizon, the whole Antelope family of blockchains, with EOS as a key element, are poised and ready to provide truly resilient and scalable solutions for the dApps of Web3 and beyond.

With our network again on solid footing, and momentum building, EOS began to make its presence felt at crypto conferences around the world.  We shared our unique story of a network taking control of its destiny in a way that exemplifies the very spirit of Web3 at leading crypto events across the globe. This is an effort we intend to ramp up in 2023 through additional events worldwide and continued collaboration with our amazing community.

At the ENF, having attended to the essential developments for our future success as a network, we now begin moving to iterate, improve, and advance from that foundational strength. Our Network is both uniquely suited and better positioned than ever to meet the demands of emerging markets in need of a truly capable, user friendly, and fully featured blockchain ecosystem. In 2023, we will set our sights on leveraging the extraordinary capabilities of EOS to make it a nexus for GameFi.

2023 is going to be an exciting year for EOS! I trust you will join us as we work to accelerate the human experience of what’s possible with Web3.

Cordially,

—Yves La Rose

EOS Network

The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope protocol, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).

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. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.