EOS Network rebrands to Vaulta in shift to Web3 banking
EOS Network, the blockchain with the largest-ever initial coin offering, has rebranded to Vaulta as it pivots into offering Web3 banking services.
The EOS Network, a blockchain that launched in 2018 amid the initial coin offering boom, has rebranded to Vaulta and will pivot to focusing on Web3 banking.
The switch to Vaulta is tentatively scheduled for the end of May and will include a new token and the establishment of an advisory group known as the Vaulta Banking Advisory Council to help with the firm’s new direction, the company said in a March 18 statement.
In a separate statement, the firm said the network’s EOS (EOS) token will transition to the Vaulta Token, which will be available on the nearly 140 exchanges where EOS trades and through a swap portal available in May. It added that the token’s ticker and technical details will be revealed at a later date.
