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EOS developer Block.one secures investment from Peter Thiel, Bitmain and others

Block.one, publisher of the EOSIO blockchain protocol, has announced that it has secured investment from venture capitalist and entrepreneur Peter Thiel as well as other prominent investors including Bitmain, Louis Bacon, and Alan Howard.

Thiel is one of the most well-known innovative entrepreneurs and investors in the world. He founded PayPal in 1998 and was one of the first outside investors in Facebook and is currently on its board of directors. He has also been involved in some of the highest-profile and most successful technology companies such as Airbnb, LinkedIn and Yelp.

“As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world,” said Block.one CEO Brendan Blumer.

The latest round follows an earlier round led by Christian Angermayer, Lansdowne Investment Company Ltd, and Galaxy Digital’s Mike Novogratz. On June 01, the company concluded its year-long ICO in which it raised $4.15 billion.

Block.one recently announced the appointment of former CFO of Commonwealth Bank of Australia, Rob Jesudason as Group President and former Jefferies Asia CEO Mike Alexander will lead Block.one’s EOS VC arm.

The EOS blockchain went live last month, but has since been surrounded by a series of controversies relating to technical issues, account freezings, arbitration matters, and others, CoinTelegraph noted.

Bitmain co-founder Jihan Wu sees great potential in the EOSIO protocol. He said “The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoptiom.”

EOS is currently the fifth most valuable cryptocurrency by marketcap. EOS/USD jumped 13 percent on the investment announcement on Monday to 8.19 levels. It is currently trading at 7.89 levels at press time (Kraken).

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