The EOS Network, once a giant in the blockchain space, has officially rebranded to Vaulta, marking a strategic shift towards Web3 banking.
Reasons for EOS Rebranding to Vaulta
In 2018, EOS captured attention with a record-breaking $4.1 billion ICO, positioning itself as a serious competitor to Ethereum. However, the network faced governance issues and declining market relevance. The new Vaulta brand aims to build an accessible financial future, supporting Web3 banking by blending blockchain's power with traditional finance.
Vaulta Banking Advisory Council
To ensure smooth integration between traditional and decentralized finance, Vaulta is creating an Advisory Council, composed of banking executives and blockchain experts. Members include Lawrence Truong, Didier Lavalle, Alexander Nelson, and Jonathan Rizzo, who will help Vaulta navigate regulatory challenges and financial innovation.
Token Transition: From EOS to Vaulta
A key part of the rebrand is the EOS to Vaulta Token swap, starting in May 2025. The new token will be available on over 140 exchanges and integrated into Vaulta's financial services.
The transformation of EOS into Vaulta marks a new chapter for the network, aiming to regain prominence in the blockchain space. Vaulta seeks to merge DeFi with traditional finance, establishing itself as a leader in Web3 banking.
