Its first project, EOSIO, a blockchain protocol designed to enable secure data transfer and high performance decentralized applications, has received global recognition as the first performant blockchain platform for developers, following its introduction in May 2017.

The Wall Street Journal reported Block One is on track to raise more than $4 billion through a yearlong sale of digital tokens—the largest fundraising of its kind. This is bigger than the $1.7 billion Telegram is raising.

Block.one raised the money by auctioning off 2 million of their EOS tokens every 23 hours at an accepted high bid, totaling 900 million tokens sold since the auctions began on June 26, 2017.