Ethereum
Backed by Ethereum co-founder Vitalik Buterin, Etherealize aims to position the blockchain network as a reliable and valuable option for financial institutions.
Announced on January 22, Etherealize describes itself as an “institutional marketing and product arm” for the Ethereum ecosystem.
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The company’s goal is to showcase Ethereum’s strengths to businesses and organizations that have so far leaned toward Bitcoin
Our goal? To accelerate adoption by bringing institutions to Ethereum: the digital economy of tomorrow. All roads flow through ETH. We’ll show the world why.
Raman previously worked as a bond trader at Nomura and UBS. In a January 22 interview with Bloomberg, he explained why Ethereum is well-suited for institutional adoption.
According to Raman, financial institutions prioritize safety, reliability, and a proven track record, all of which Ethereum offers. He also noted that Ethereum has consistently demonstrated its resilience over time, which makes it a trusted option for large-scale applications.
The Ethereum Foundation and Buterin are key backers of Etherealize, though the exact amount of their investment has not been disclosed.
That said, the foundation has faced some criticism recently, with community members questioning its spending priorities and how it manages its ETH reserves.
Additionally, a core developer at Ethereum, Eric Conner, decided to leave the blockchain community due to leadership concerns. What did he say? Read the full story.
