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EOS Launches EVM, Announces $60M Strategic Partnership with DWF Labs

Open-source blockchain platform EOS has launched its Ethereum Virtual Machine (EVM) mainnet, which has been designed to increase connectivity between the blockchain and Ethereum. A function of EOS’s smart contract, the EVM will allow developers to use Ethereum’s native programming language to take advantage of the EOS network’s scalability and 800 swaps per second with low fees. EOS is also due to benefit from its partner, market maker and investment firm DWF Labs, which has invested $60m in the company. Through this strategic investment, DWF Labs will purchase EOS tokens worth $45m and fund EOS-based projects with $15m. EOS’s Yves La Rose said the launch represented a “commitment to a multi-chain future”.

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