EOS Network rebrands to Vaulta, focusing on Web3 banking, aiming to revitalize network

From Cointelegraph

March 18, 2025 10:19 PM:

The EOS Network rebrands to Vaulta, shifting focus to Web3 banking. The transition is set for end of May with a new token and advisory group. The EOS token will become Vaulta Token, available on exchanges and swap portal in May. Vaulta inherits infrastructure from EOS Network. Source: EOS Network.

Vaulta’s rebrand from EOS Network signifies a major change for the blockchain. After a successful ICO in 2018, EOS struggled in the market, now sitting at 95 in rankings. Some blame a lack of support from Block.one. Block.one settled with SEC in 2019, shifting focus to other projects like Voice and Bullish.

Goodblock CEO criticizes EOS, claiming investors were misled by Block.one’s deceptive ICO. The blockchain’s decline led to a grassroots comeback attempt by the community. Despite challenges, Vaulta aims to revitalize the network with a new direction in Web3 banking. Source: Cointelegraph Magazine.

Read more at CoinTelegraph: EOS Network rebrands to Vaulta in shift to Web3 banking