EOS: Block.one invested $25 million in RAM
EOS: Block.one invested $25 million in RAM

EOS: Block.one invested $25 million in RAM

By Alfredo de Candia - 28 May 2019

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A few hours ago the EOS (b1) account of Block.one, the company behind the EOS blockchain, bought RAM for 3.3 million EOS which, at the current price, turns out to be about 25 million dollars.

eos block one ram

As can be seen from the transaction, 16500 EOS were paid for the purchase of RAM, which then went directly to REX, the EOS Resource Exchange, and as a result of this acquisition, the Block.one account now has 34 GB of RAM available, which is sufficient to manage and save a really impressive amount of data.

The purchase of RAM might have been determined by the upcoming event that Block.one will be holding on the first of June and during which the company could announce some new projects. Many suspect that one of the announcements could concern MEOS, a sort of social network based on the EOS blockchain, not least because it would require a large amount of RAM to manage the different accounts that would interact with the new platform.

Another plausible hypothesis could be that of an official Block.one wallet to manage cryptocurrencies based on EOS, although this option could be dismissed because there are already many wallets on the market.

Furthermore, in the last few hours, the price of EOS has risen to more than $8.

Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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