EOS Network Ventures (ENV) has committed $20 million to fund EVM GameFi projects building on EOS Blockchain.

The announcement was made by the CEO of EOS Network Foundation, Yves Larose on Twitter.

With $20M up for grabs for EVM projects, we expect a massive influx of developers who want to take advantage of the funding opportunities. said Yves Larose.

Launching on April 14th, EOS EVM is expected to be faster than AVAX, BNB Solana EVM solutions. The EOS EVM solution enables Solidity developers to access the speed and scalability of EOS Network. With over 800+ swaps/sec announced, EOS will offer by far the most performant Ethereum Virtual Machine available.

The EOS EVM has been in work for many months and has been deployed on Jungle Testnet. It’s the first to leverage the cutting edge speed and performance of Silkworm, a C++ implementation of the Ethereum protocol.

The EOS Network Ventures (ENV) is an independent entity established in november 2022. The EOS Network, an open-source decentralized operating system reached a consensus then to launch a $100M fund to invest in web3 entrepreneurs and businesses building on EOS.

The $20M fund will be available not only for projects using EOS EVM but also for projects building gaming products on the EOS Network.