Krutika Adani
EOS Network has officially renamed itself to Vaulta as it enters the Web3 banking space.
EOS changes its business scope to better align itself with new crypto market trends. The company would not focus solely on Web 3 Banking.
EOS was a decentralized operating system that used blockchain technology to provide scalable blockchain infrastructure in Web3.
The new firm, Vaulta would form a Banking Advisory Council to seek expert advice on bridging traditional finance and DeFi.