Laying the Foundations

Let me begin this post by thanking the entire EOS community for your unwavering support throughout this EOS journey and especially over the course of the weeks following my initial announcement to launch an EOS Foundation.

WE DID IT!

On August 25 the BPs reached network-wide consensus, passing MSIG #2 to re-activate the eosio.saving bucket with 2% inflation and approving the transfer of ~3.4m EOS to eosio.grants.

After many failed attempts over the years since EOS’s launch, and for the first time in EOS’s history, a funding source external to block production was achieved. On August 25, the EOS Foundation was born, which will allow EOS to turn the page and begin the next chapter of its eventful journey.

In my previous update, Introducing the Pillars of the EOS Foundation, I outlined a high level overview of what I plan to accomplish as the Executive Director of the Foundation. In a continued effort to offer transparency to the EOS community, I want to share some of the things that have already transpired in the days following the MSIG passing.

Immediately following the execution of MSIG #2, international trademarks were filed and a legal counsel was retained to represent the EOS Foundation. A name and a domain was also secured. The EOS Foundation also began scoping out the initial requirements for branding, website design, and external marketing firms.

Additionally, I have been actively seeking out and interviewing potential candidates to fill the 7th open advisory board seat. I will continue to survey the EOS community and the larger blockchain ecosystem to find the right candidate to fill this very important role.

Headhunting and interviews for Core team members are also ongoing. I have interviewed seven(7) individuals since the 25th. More information on such candidates will be forthcoming, but please keep in mind that most qualified candidates are currently in leadership positions with other projects or companies, so even after accepting a full time position with Core, there may still be a period of transition until their roles can be made public. I am looking for individuals who are humble, passionate and hungry for change. The startup environment is very specific and requires a certain type of person at the onset.

Lastly, some initial grantees are being vetted internally and are being prepared for presentation to the board. These candidates are all projects which have already added immense value to EOS with proven track records for creating value within the ecosystem. We look forward to empowering them to continue their much appreciated work so that they are able to amplify those efforts while the EOS Foundation itself continues to establish itself and its processes.

The EOS Foundation grants and sponsorships being provided to developers, businesses and individuals building on EOS will be without a doubt one of its most pivotal functions. However, for this process to fully manifest, it will require a team with a mixture of technical, business, and product expertise to understand the scope of the network’s needs through proper due diligence in order to allocate capital in a meaningful manner for maximum impact.

Thank you all once again for your confidence, trust, and patience as we build a new future together for EOS.

Yves

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 EOSIO 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.