Block.one is facing a shortage of talent after losing four of its top-tier team members. Soon after, two more developers left, all heading toward the completion of a new blockchain venture called StrongBlock. StrongBlock .
Founding Employees
David Moss, Thomas Cox, Brian Abramson, and Correy J. Lederer proudly held the second to fifth spots hired by Block.one, the company at the core of EOS, a decentralized system and app ecosystem.
EOS EOS stands out as a prominent rival to platforms like Ethereum and Bitcoin, earning a reputation for offering its own crypto-tokens and a substantial market presence. capitalization worth over $5 billion today.
Read: Guide to EOS
These four individuals were crucial to Block.one, with Moss leading tech operations, Cox steering product development, Abramson overseeing infrastructure, and Lederer directing tech products.
Their sudden departure is unexpected, given their recent tenure at Block.one. Moss and Cox joined back in August last year, with Lederer starting in September. According to LinkedIn, their exit became evident in the summer, with Moss even leaving in May, a month before EOS's major network reveal. launch The culmination of Block.one's work was unveiled when they released the EOS main network.
In late 2017 and early 2018, EOS initiated several test networks, culminating in June with the main network's launch as an open-source platform.
One former employee highlighted a gap Block.one wasn’t addressing, leading to their decision to leave.
“We decided to leave when we saw a gap in the blockchain sector that Block.one wasn’t addressing,” a former team member stated.
There hasn't been much said about the tactics StrongBlock plans to utilize to improve EOS blockchain's performance.
From snippets at the Los Angeles Global Media Blockchain Summit in August, Moss, now CEO of StrongBlock, likened EOS to a 787 aircraft and StrongBlock as the custom manufacturer, showing the dedication and precision in their new endeavor.
Supported by EOS governance expert Branded Espinoza, StrongBlock came into being in July 2018, yet it cautiously refrains from setting any launch date.
This outflow of skills from the company could potentially have a negative impact on operations, especially alongside the vast funds attracted from investors during the early phases of their essential product expansion.
Billionaire Investors
Block.one pulled off the largest crowdfunding feat through a year-long $4 billion initial coin offering concluded in August 2017.
By April, demand drove EOS's price to $20, allocating a quarter of their raised funds toward EOS’s blockchain progress.
High-profile investors, such as hedge fund leaders Louis Bacon, Alan Howard, and venture capitalist Peter Thiel, took significant risks on Block.one, participating in the final stretch of ICO investments. Bitmain Jimmy, based in the UK, has been keeping tabs on blockchain advancements for years, believing in its potential to shift the balance in the financial world.
