Home Ethereum Block.one to launch blockchain-based social media platform

Block.one to launch blockchain-based social media platform

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Voice will take social media again out of the arms of tech giants, says CEO

Voice, the social media platform backed by block.one, is to be launched on July 4, barely forward of schedule — CEO Salah Zalatimo introduced on Twitter yesterday. Voice is a decentralized blockchain-based media community geared toward enhancing transparency and bringing integrity to social media. The venture is about to launch on a restricted foundation on the United States’ Independence Day, with solely registered customers from the US allowed to publish content material or have interaction on-line.

“We simply can’t wait any longer. We need to take social back from big tech NOW,” mentioned Zalamito including that customers who’re in search of a “social media platform that doesn’t play politics, empower communities, and respect your data” should be a part of Voice.

Voice was launched by EOS writer Block.one on June 1, 2019, the place the platform was described as a “truly self-sustaining economy of ideas, users will directly benefit from their ideas and engagement on the platform.” The blockchain-based social media platform introduced CEO, Salah Zalatimo, onboard in January this 12 months. The beta model of the platform was launched on February 14, 2020, calling it an try by Block.one to “bring alignment to social media.” The platform was scheduled to launch within the fall of 2020, however yesterday’s announcement has introduced its launch ahead.

The blockchain-based platform can be open for registered customers within the US from July 4. “Registration will remain by request until August 15, when users can begin to invite their friends,” Zalatimo mentioned.

Voice is constructed on the highest of EOS Public Blockchain, working on the EOSIO protocol. All interactions on the platform are supposed to be public to guarantee transparency. It additionally gives a “human sign up” function that may supposedly confirm identification with out the necessity of governmental id. This is anticipated to assist keep away from spam, pretend customers and deceptive content material on the platform. It may also function its personal utility token that may be earned as rewards for creating posts after which spent to increase the visibility of posts customers need to be seen extra extensively.

Block.one has invested closely in Voice, devoting $100 million USD in money and greater than $50 million USD in mental property for the platform. It additionally put up the cash for the acquisition of the area title ‘voice.com’ for $30 million USD.

The previous couple of years have seen social media take the centre stage for mainstream crypto-related controversies. Crypto YouTubers have complained of elevated censorship over the cryptocurrency subject. This has led to immense assist for a decentralized answer the place no single authority can have the capability to censor content material.

Block.one’s Voice appears to be like to fill this position some content material creators are searching for. However, social media large Twitter has additionally launched its personal new venture – BlueSky to develop a ‘decentralized standard for social media.’

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