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The EOS Network Foundation (ENF) announced the beta launch of the EOS EVM mainnet, which allows Solidity developers to build the EOS ecosystem on top of EOS's scalable network infrastructure. According to the foundation, the benefits of EOS EVM include one-second block intervals, 800+ swaps per second, and extremely low gas fees.
The launch of EOS EVM introduces a new burn mechanism for the EOS Network, with 100% of profits from the ENF RPC node burned. The EVM will use $EOS as the gas token, instead of launching a new one.
Meanwhile, the EOS Network Ventures announced a public commitment to invest $20 million in GameFi and EOS EVM projects. Earlier, DWF Labs announced a strategic partnership with ENF to purchase $45 million worth of $EOS and invest $15 million into EOS-based projects.