#Vaulta The EOS network, known for its historic ICO of $4.1 billion in 2018, has changed its name to *Vaulta*. This rebranding marks a significant shift towards Web3 banking, aiming to offer innovative financial services.

*Key details of the change:*

- *New focus*: Vaulta will focus on Web3 banking, providing financial services through partnerships with companies such as Ceffu, Spirit Blockchain, and Blockchain Insurance Inc.

- *New token*: The EOS token will be replaced by the Vaulta Token, which will be available on nearly 140 exchanges and through an exchange portal in May.

- *Advisory council*: The Vaulta Banking Advisory Council has been created, a group of financial and blockchain experts who will help guide the direction of the company.

- *Infrastructure*: Vaulta will inherit the underlying infrastructure of the EOS network, including integration with Bitcoin's digital banking solution, exSat.

*Impact and outlook:*

- The name change and focus have generated divided opinions in the crypto community, with some considering it a positive step towards innovation, while others believe it is an attempt to revive a declining project.

- The price of EOS has been in constant decline and is currently ranked 95th in the cryptocurrency ranking according to CoinGecko ¹.