Network 3849202 1920

Block.one opens blockchain-based Voice social network to limited public access

Last Updated: July 6, 2020By

Blockchain startup Block.one opened its blockchain-powered social network Voice over the weekend to limited public access with a promise to reward users for quality content. Declared in 2019, Voice is pitched as a blockchain-based social media application designed with users of the platform in mind. Providing a “more transparent social media platform for the world,” users of the service are rewarded for their content by the Voice Token cryptocurrency. Users verified on the service receive tokens based on their participation that they will ultimately be able to convert to money.

The service has resulted in testing from being Twitter-like earlier in the year to be slightly closer to a mix of Facebook and Medium. Posts made on Voice can either be short-form or long-form with a preference for long-form as part of the push by Voice for quality content. Voice is created on Block.one’s EOSIO protocol best known for the EOS token. EOSIO launched in 2018 with a promise of providing an operating system that enables scalable decentralized autonomous communities with the assistance of asynchronous smart contract communication.

Arguably EOSIO’s and Block.one’s biggest claim to fame is holding the record for the most extensive initial coin offering in history after raising $4.2 billion from investors. The ICO gained the attention of the U.S. Securities and Exchange Commission, which claimed that the tokens in the ICO were given as an unregistered security. Block.one settled with SEC for $24 million in September. Voice was initially scheduled to go public later in the year. The recent access is partial because though all can read the content on Voice, signups need a request for early access. The ability to invite others to Voice will be accessible starting Aug. 15.

“We were prepping for a big reveal in the fall — but things changed. The world changed,” Voice Chief Executive Officer Salah Michael Zalatimo said in a statement. “So, we’ve decided to open up our platform now and invite the community to be a part of the building process.” Zalatimo added that the current environment has “fully exposed the corrupt social spaces created by Big Tech. It’s time to break away and put humans first. We need your help. It’s time for social as it should be.”

Exactly what Zalatimo means by that isn’t exactly clear. When it was declared in 2019, Block.one described Voice as “a more transparent social media platform for the world, where the value of good content gets circulated right back into sustaining the community, not corporate bottom lines.” Rewarding creators for participation is not bad, but it’s an approach that has already been attempted with little success. Minds.com and Steemit are two examples, and although both have a carved out a niche audience, neither has developed to the point where it has joined the mainstream.

Voice has the benefit of being supported by Block.one and its ICO funds; however, it must differentiate itself if it has any opportunity of mainstream success. So far, apart from not being evil and rewarding users, there’s nothing that stands out, but that could improve as the service continues to be developed.

Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].

Gif;base64,r0lgodlhaqabaaaaach5baekaaealaaaaaabaaeaaaictaeaow==

Get Blockchain Insights In Inbox

Stay ahead of the curve with expert analysis and market updates.

Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions.

About the Author: Editor's Desk

Avatar