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 organization has been completely restructured. According to the CEO, the restructuring took place after careful discussion and is aimed at optimizing its activities in accordance with the current dynamics of financing.

While 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 maintained. According to the statement, these vital components will continue to receive the attention and resources to not only sustain but also thrive in the future. La Rose expressed gratitude for the ongoing support of the EOS community, which he said has played an important role in their progress.

The coin, which has seen its price rise significantly due to collaborations with Google in the past, is trading at $0.62 at the time of writing and has lost 45% of its value over the past year.

Image: EOS Network

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