EOS $4.2B ICO go Bullish NYSE IPO: Seven-Year Crypto Saga

For 2017, blockchain investor Li Xiaolai call EOS one "seven-year bet," wey push Block.one big ICO wey gather $4.2 billion. Dem talk say EOS be "Ethereum killer," wey promise high throughput and zero fees but e quick almost get problem with governance centralization under DPoS, resource model breakdowns and talk say Block.one use money move enter U.S. Treasuries, Bitcoin holdings and the Voice social platform. The EOS community sef vex, dem start fork rebellion for 2021, form EOS Network Foundation (ENF). By December, ENF freeze Block.one remaining 68 million EOS tokens, run hard fork go community-led Antelope protocol and change network name to Vaulta with Ethereum-compatible EVM support plus grant funding through Pomelo. Meanwhile, Block.one invest part of ICO money inside Bullish, wey be regulated exchange led by ex-NYSE president Tom Farley and backed by investors like Peter Thiel. Bullish buy CoinDesk for $70 million in 2023 and dey prepare NYSE IPO wey get target valuation of $5 billion, with institutions like BlackRock as main investors. This seven-year waka show two different roads for crypto: community-driven decentralization versus capital-driven compliance and institutional scaling.