Moonlighting, blockchain-powered freelancers marketplace is all set to migrate its 700,000 user accounts to Eos (EOS) developer Block.one’s Eos.io protocol. The news was announced by leading media mogul Cointelegraph.
Moonlighting’s has established a partnership with Block.one’s venture capital fund Eos VC Fund and fintech incubator and VC fund FinLab AG, for the same. A joint venture between the two funds, FinLab Eos VC Fund, led a $5 million investment round to back Moonlighting’s move to the Eos blockchain and grow its user base.
“We have been exploring blockchain protocols since the end of 2017 and [have] chosen EOS.io due to its ability to scale transaction processing, maintain low transaction costs and enable ease of user account management,”said Moonlighting CEO Jeff Tennery
The press release further notes that the new partnership will see Moonlighting deploying Eos.io a blockchain protocol designed to support decentralized apps (DApps) at scale into its existing Blockchain Profile Management System.
The Eos-powered blockchain profiles will also support Moonlighting’s mobile management tool set. This will enable freelancers to generate proposals, invoices, and mobile payments.
As per another report number of active DApp users on Eos was eclipsed by Tron (TRX) in Q1 2019, with the latter now seeing the fastest-growing DApp user base. In an earlier report based on data from January Eos network accounted for 48% of DApp users, Tron 24% and Ethereum 28%.
In another news reported by CoinMarketFeed, Investment management Firm Invesco recently announced the launch of the world’s largest blockchain-based ETF. The firm has over $800 billion in assets under its management.
The Invesco Elwood Global Blockchain ETF will start trading on the London Stock Exchange on Monday. Zero Hedge, the blockchain based ETF will also include a portfolio launch of 48 companies having some focus on blockchain.
These include Taiwan Semiconductor Manufacturing. The firm supplies cryptocurrency mining machine manufacturers with chips. Moreover, it will have a 65 basis points management fee. Also, it will include firms like Apple, Intel, and Advanced Micro Devices (AMD).
Also, per a new report published on March 25th, blockchain spending in the United States will increase from $3.12 billion to $41 billion by 2025.
The report mentions that during 2018, blockchain spending in the U.S. had increased by 110 percent and reached a staggering $1.6 billion. In order to make the report, the company reviewed market opportunities and risks of blockchain in more than 75 areas spanning 11 industries in the U.S.