It seems like cryptocurrency is pursuing social media, as the latest cryptocurrency news show. Among the newest headlines, we can see that the multi billion dollar startup which built the EOSIO platform – Block.One – is the latest blockchain firm with social media aspirations.
As announced on Saturday at a glitzy event in Washington, D.C., Block.One is building a social media platform called Voice – directly on the EOS blockchain. The startup announced that Voice will stand out by not turning its users into products.
As the CEO of Block.One Brendan Blumer said in an official press release:
“Our content. Our data. Our attention. These are all incredibly valuable things. But right now, it’s the platform, not the user, that reaps the reward. By design, they run by auctioning our information to advertisers, pocketing the profit, and flooding our feeds with hidden agendas dictated by the highest bidder. Voice changes that.”
As such, Block.One’s Voice social platform will run on the EOS blockchain which is currently upgrading to a faster Version 2.0 in order to support the new development. By using the public chain, everything that is posted to EOS will be public too.
The altcoin news come right in time when Facebook announced its move in the opposite direction – where the social media network is seen to outline a “privacy-focused vision for social networking.”
The Block.One event sparked a lot of excitement in the Capital, especially because the startup raised $4 billion in funding and was promoted by many best cryptocurrency news sites.
“Our attention has been captured,” Blumer told the crowd. “Social media has not been a good friend to us.”
The Block.One CEO also promised that the new social media product would not let algorithms decide what dominates. As he said, everyone would have an equal shot to be heard.
“Everyone – the user, the platform, the contributor – plays by the same rules,” he concluded.
There is even more pressure on the EOS blockchain because of a new announcement that the team made: EOSVM. This is basically “a WebAssembly engine designed specifically for blockchain,” the team said, promising that it would run 12 times faster than the original EOSIO software which was released on June 1, 2018.
The signups for Voice beta access are open now at Voice.com.
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