The EOS Network, a once prominent figure in the blockchain space, undergoes significant changes by rebranding to Vaulta, focusing on Web3 financial opportunities.
Transition from EOS to Vaulta
After a record-breaking ICO in 2018, EOS faced challenges with governance and market relevance. Now, the network is making strides by rebranding to Vaulta to build an open financial future. CEO Yves La Rose emphasized the importance of this change in an interview, stating that Vaulta will become a full Web3 banking infrastructure. A key component of the strategy is exSat, enabling users to interact with Bitcoin more functionally.
Banking Advisory Council
To facilitate the smooth integration of traditional and decentralized finance, Vaulta is establishing a Banking Advisory Council. Members include experts like Lawrence Truong and Didier Lavalle who will assist in regulatory and institutional matters. La Rose noted the importance of partnerships with key industry players for future success.
Token Transition: From EOS to Vaulta
A significant part of the rebranding involves swapping EOS tokens for Vaulta Tokens, starting in May 2025 through a dedicated portal. The new token will be integrated into Vaulta's financial services and support Web3 banking applications. Further details will be announced closer to the transition date.
EOS's transformation into Vaulta represents a chance to reassert itself in the blockchain space, focusing on combining Web3 and traditional banking services.
