EOS Network has announced its rebranding to Vaulta, including a new strategy in the realm of Web3 banking.
A New Name for a New Direction
According to the official press release, the latest rebrand results from years of planning and development aimed at creating a secure and open financial ecosystem. Yves La Rose, Founder and CEO of Vaulta Foundation, highlighted that this is not just a name change but a significant step towards open and accessible financial services for all.
Banking Advisory Council and Strategic Partnerships
As part of the rebrand, a Banking Advisory Council will be created to bring together experts from the banking and Web3 spheres. Their role is to help bridge traditional and decentralized financial systems. Council members include Lawrence Truong, Didier Lavalle, Alexander Nelson, and Jonathan Rizzo. Vaulta will also collaborate with industry leaders like Ceffu and Spirit Blockchain to expand its ecosystem.
Impact on EOS Cryptocurrency Price
The rebranding has triggered a significant rise in the EOS cryptocurrency price by over 25% in the past day. The price briefly topped $0.65, indicating a positive market response.
The rebranding of EOS to Vaulta marks a crucial step towards Web3 banking. Supported by strategic partnerships, this change could become a significant milestone in the development of financial technologies.
