NEO, the decentralized open-source blockchain platform, announced it had become the first blockchain-focused member of Microsoft’s .NET Foundation.

The company said in a press release that it had joined the foundation during the NET2019 Conference earlier in September to help empower developers to “build the foundation” for the next generation of the internet.

More About Neo and .NET Foundation

NEO – whose cryptocurrency is currently ranked 21st by market capitalization – announced in the spring it would be relaunching next year as NEO 3.0 to increase the network’s speed and stability to make it suitable for large-scale commercial use. 

The .NET Foundation was launched in 2014 by Microsoft and uses GitHub to host the open-source projects it hosts. The foundation’s website says it has 3,700 contributing companies participating in 56 active projects that include machine learning and cloud computing developments.

Commenting on Neo’s membership, John Galloway, executive director of the .NET Foundation, said:

The .NET Foundation is very excited to welcome Neo as the very first blockchain platform to join our community. Neo is a pioneer in adopting the .NET platform, and we support them in building an innovative decentralized platform and developer community. NEO is joining the .NET Foundation at an exciting time of growth for the .NET Foundation, as well, and we're very happy to have them on-board.


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