Yves La Rose, CEO of the EOS Network Foundation (ENF), the organization behind EOS, one of the once popular cryptocurrency projects, recently announced that the foundation has been comprehensively restructured.

According to the CEO’s statement, the restructuring took place after careful deliberation and aims to optimize the foundation’s activities in line with current financing dynamics.

Although the restructuring has impacted some roles and initiatives within the organization, La Rose emphasized that the core engineering work around the protocol and EOS EVM has been preserved. According to the statement, these vital components will continue to receive the attention and resources necessary to not only survive but thrive.

La Rose expressed his gratitude for the continued support of the EOS community, which he said has been instrumental in their progress.

The coin, which has experienced a solid increase in its price due to the collaboration it claimed to have established with Google in the past, is trading at $ 0.62 at the time of writing this article and has lost 45% of its value in the last year.

EOS Network Foundation is defined as a non-profit organization that coordinates financial and non-financial support to promote the growth and development of the altcoin network.

*This is not investment advice.

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